This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation of prices in society.
Economists’ R*, or R-star, is a fiction. It’s one that they came up with after-the-fact to try to explain why their policies didn’t actually work the way policymakers had initially…
All eyes on bitcoin, it seems, as the price hits new all-time-highs, its proponents celebrate, and the economists who have long pronounced it dead and useless scratch their head in…
Is there a charmed fiscal number that unlocks the inflationary promised-land? Central bank Economists have spent more than a decade in the West, two in Japan, desperately seeking the magic…
There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and its implications.