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I expect that many economists who might happen to read what follows would say that I present a caricature of the discipline. That may be so, or partly so, but unfortunately it’s a...
If you are teaching economics Modern Principles is the book to use! Great and original writing, over one hundred videos, iClicker, Achieve and lots of additional support. Contact M...
Milton Friedman's monetarism is Keynesianism’s something-for-nothing variant.
What if one of the biggest problems with conventional economics is that it misunderstands human beings? Mainstream economic theory frequently starts from the assumption that Read t...
Bitcoin Magazine An Austrian Economist Explains Why AI Will Make Everyone an Entrepreneur w/ Per Bylund Per Bylund explains why AI’s predictive power can’t replace human vision, d...
Money is not wealth. That single distinction is one of the most important things economics has to teach, and we have been getting it wrong. Read the full article...
Jan Bentz, The Acton Institute Modern economics tends to understand itself as a discipline that has left behind the theological presuppositions of its own emergence. It operates i...
Reading Dean Ball’s recent essay “On the Loose” has me thinking about an old idea in a new light. Ball asks us to imagine a world containing “self-sovereign” AI agents. These are n...
As much as possible, I avoid talking in terms of different schools of economics. Once, I would have called myself an Ecological Economist, but so many Ecological Economists don't u...
The American vice-president, among others, is no great fan of global trade. He has criticized Margaret Thatcher, Milton Friedman, and the Wall Street Journal editorial board, sugge...
5o years ago, economist Milton Friedman was awarded the Nobel Prize in economics. Friedman distinguished himself with his belief in free-market capitalism with minimal government...
This year, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, colloquially called the Nobel Prize in Economics, went to Robert E. Hall of Stanford Universi...
Rent is not just the money you pay a landlord. In economics, it means something far bigger and far more significant. Economic rent is any Read the full article...
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