Economists Ignore One of Capitalism’s Biggest Problems. Banks Create Money out of Nothing.
Banks don’t intermediate loans, they originate loans
Steve Keen
Browsing: Economics
How the Invisible Hand Was Corrupted by Laissez-Faire Economics
Smith’s invisible hand shows the limits of laissez-faire
Jeff Madrick
Economics Can Explain the Real World with Two Fixes
Why rationality should be based on relative payoffs
Lixing Sun
Utility Maximization Is an Unfalsifiable and Inadequate Explanation of Human Behavior
Because utility maximization covers everything, it no longer tells us anything
Geoffrey Hodgson
Economics Is a Mess and Needs to be Reformed
Organizing the jumbled schools of economic thought
Cameron K. Murray
Why Libertarians Should Support Many Forms of Government Intervention
How to solve collective action problems
Robert Frank
Stop Crying About the Size of Government. Start Caring About Who Controls It.
Centralized planning won’t work. Totally unregulated markets won’t work. So what will work?
David Sloan Wilson
Stop Associating Adam Smith with Laissez-Faire Economics
Modern misuses of the father of economics
Jag Bhalla
Why Economists Should Start Behaving Like Scientists
The empirical revolution needs a general theory
David Sloan Wilson
Traditional Economics Failed. Here’s a New Blueprint.
Why true self-interest is mutual interest
Eric Liu, Nick Hanauer
Nobel Laureate Economist Says American Inequality Didn’t Just Happen. It Was Created.
How to keep power at the top of society
Joseph E. Stiglitz
Does Behavioral Economics Support or Undermine the Welfare State?
Decision making opportunities affect on the poor
James Kwak
Why Mainstream Economic Models Make Little Sense
Outdated economic perspectives and the lack of new ones
Peter Radford
What Milton Friedman Got Wrong: Biologists Destroy Homo-Economicus
Homo-economicus vs biological adaptation
David Sloan Wilson
What Is the Role of Morality in a Capitalist Economy?
Does the economic orthodoxy subscribe to the popular mantra “greed is good”?
Peter Turchin
The Pro-Market Case for the Welfare State
The relationship between safety nets and social capital
Samuel Hammond
Failed Economics: Tyranny of Mathematics and Enslaved by the Wrong Theory
The strange world of modern economics.
David Sloan Wilson
What Paul Krugman Needs to Know About Evolutionary Economics
Standard economics meets evolutionary theory
David Sloan Wilson
Economic Theory Is Dead. Here’s What Will Replace It.
The New Economics can enter the post-Darwinian age right now.
David Sloan Wilson
How Learning Economics Makes You Antisocial
The corrupting effects of economic studies
Amitai Etzioni
Why IQs Rise When Nations Experience Rapid Economic Development
The relationship between national wealth and intelligence.
Louis Putterman
Stop Using Adam Smith and F.A. Hayek to Support Your Political Ideology
The irony of faith in blind markets
David Brin
Norway’s Prosperity Isn’t Because of Socialism
Is the Nordic model based on classical liberalism?
Larry Arnhart
Why Behavioral Economics is Cool, and I’m Not
The boundaries between economics and psychology
Adam Grant
