Economics Isn't Settled
Why is the History of Economic Thought important?
Why is the History of Economic Thought important?
Losing jobs isn’t the only thing workers have to worry about. AI may make many jobs worse.
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Stock buybacks as a mode of predatory value extraction
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ProMarket and the Consumer Welfare Standard
An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.
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The monetary policies of major central banks in advanced economies have had negative consequences and thus need to be fixed
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Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.
Reaching climate goals means rich countries must invest in sustainable technologies in developing countries with huge energy needs.
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The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.
On the reflexive relationship between inflation and inflation narratives
Central banks strongly favored rentier incomes in their reaction functions