from Peter Radford A pile of bricks is not a house. A group of individuals is not an economy. A lot has to happen between the one and the other. Which is why writing theories about economies ...
from Dean Baker For the last quarter century, those of us hoping we could slow global warming were anxious to see a quick conversion to electric vehicles (EVs). If we could get most people using ...
https://rwer.wordpress.com/2024/05/15/the-problem-with-electric-vehicles/
from Dean Baker The New York Times reported that Jim Simons, the founder of Medallion hedge fund, died this week. As a result of his fund, according to the article, he accumulated more than $20...
from Peter Radford You can’t fight a war without understanding your enemy. That’s an adage as old as war itself. Which means it’s very old. Joe Stiglitz doesn’t understand his enemy. ...
https://rwer.wordpress.com/2024/05/11/weekend-read-a-stiglitz-error/
from Lars Syll It’s hard not to agree with DeMartino’s critique of mainstream economics — an unethical, irresponsible, and harmful kind of science where models and procedures become ends in...
https://rwer.wordpress.com/2024/05/09/economics-a-dismal-and-harmful-science/
Planet is headed for at least 2.5C of heating with disastrous results for humanity, poll of hundreds of scientists finds
https://rwer.wordpress.com/2024/05/08/real-world-economists-take-note/
from C. P. Chandrasekhar and Jayati Ghosh Once again, low and middle income countries (LMICs) are at the brutal receiving end of the fickle trajectory of international capital flows. As Figure 1 ...
from Lars Syll In mainstream economics, there’s — still — a lot of talk about ‘economic laws.’ The crux of these laws — and regularities — that allegedly exist in economics, is that...
https://rwer.wordpress.com/2024/04/26/the-non-existence-of-economic-laws-2/
from Crelis Rammelt and current issue of RWER Our presumed dominion over nature is an illusion. No matter how clever technological innovations may seem, they remain subject to the laws of therm...
https://rwer.wordpress.com/2024/04/22/in-search-of-radical-alternatives/
from Lars Syll No sooner had I finished my comment on the irrelevancy of economics but I had confirmation — albeit unwittingly — in this morning’s Financial Times. There on the editorial ...
https://rwer.wordpress.com/2024/04/19/cutting-edge-macroeconomics/