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Chaos economics is no longer a theory
Not long ago, I introduced you to what I call CHAOS Economics: the Currency Hollowing And Overautomation Spiral. It’s the ...
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Defending the Labor Theory of Value
The labor theory of value is one of Marxism’s most contested ideas. Both critics and supporters of socialism have labeled it inconsistent and outdated. In an interview with Jacobin, economist Duncan ...
I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...
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