Economists Versus The Economy
Today’s professional economists, by contrast, have studied almost nothing but economics. They don’t even read the classics of their own discipline. Economic history comes, if at all, from data sets....
View ArticleWill China And India Always Be Poorer? Probably Not
Since 1950, middle-income countries have nearly always grown faster than expected. Looking just at the past decade and a half, current middle-income countries that had an average gross national income...
View ArticleWhat Is Human Capital?
Friedman had discovered in human capital theory more than just a means for boosting economic growth. The very way it conceptualised human beings was an ideological weapon too, especially when it came...
View ArticleWhy The U.S. Economy Is Having A Boom
Why is this boom happening? That’s an almost impossible question to answer. Fundamentally, economists don’t know why booms happen. It’s possible that there’s not even such a thing as a “boom” at all —...
View ArticleThe End Of Economics?
In the three decades since the end of the Cold War, economics has enjoyed a kind of intellectual hegemony. In the three decades since the end of the Cold War, economics has enjoyed a kind of...
View ArticleStories That Can’t End Well
After almost a century in which economic policymaking was the preserve of technocrats and social scientists, scholars from narrative-based disciplines have begun to feature prominently in policy...
View ArticleWhat Economists Still Need To Learn
More than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. Their models are still struggling – and mostly failing – to cope with...
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The AI Frontier Of Economic Theory
Until recently, data sets were small and costly, and computers were slow and expensive. So it is natural that as gains in computing power have dramatically reduced these impediments, economists have...
View ArticleThe War On Economics
Where leaders once turned to sages and pols for such wisdom, they now turn to the guild of economists. The most powerful states in the world are accustomed to outsourcing the management of their...
View ArticleSunset of the Economists
Two decades ago, China’s reformist economists walked the halls of power and dictated policy. Now, they have been side-lined in favor of a new priority: national security. What happened? Read More Here
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