I thought studying economics meant learning how economies work everywhere. That the models were neutral and universal. Then I saw what happens when these models are applied in the real world and realized how quickly things fall apart. Most economic degrees don’t tell you they're handing you one intellectual tradition among several and calling it universal. The models just get presented as “how economies work”. The Washington Consensus demonstrates a clear example of what this costs; of how “neut
2:15
I thought studying economics meant learning how economies work everywhere. That the models were neutral and universal. Then I saw what happens when these models are applied in the real world and realized how quickly things fall apart. Most economic degrees don’t tell you they're handing you one intellectual tradition among several and calling it universal. The models just get presented as “how economies work”. The Washington Consensus demonstrates a clear example of what this costs; of how “neut
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No estoy loco señores, pero esto me dejó frío 😰 | the economist
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No estoy loco señores, pero esto me dejó frío 😰 | the economist
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How powerful is America?
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China’s housing crash is affecting economies all over the world. Our Beijing bureau chief, Keith Bradsher, explains what to know. Video by Keith Bradsher, Rebecca Suner, Thomas Vollkommer, Joey Sendaydiego and Luke Piotrowski/The New York Times #china #housing #economy
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The Free Rider Problem is Wrong: Humans Cooperate More Than We Think
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Wages broke from the trend in 1997. The migration spike arrived 24 years later. Whatever caused this, it wasn’t migration. It’s often touted as the answer to the UKs problems, it just isn’t. It’s the Rentier black hole. The best irony of it, is that the man telling you it’s migrants is the guy who made millions owning the house you should have had and renting it back to you. You can’t make it up. #immigration #ukeconomy #economics #costofliving #politics
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ජීවිතේ දිනපු හැම මනුස්සයෙක්ම ජීවිතේ දිනලා තියෙන්නෙ හැකියාවන් 3 ක් නිසා. ඒ හැකියාවන් 3 ඔයාගෙ ජීවිතේට ලගා කර ගත්තොත් ඔයත් දිනනවා දිනනවා දිනනවාමයි. #economics #businessstudies #kasunliyanage #fyp #fyppppppppppppppppppppppp
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Caller Phil is convinced he has the solution to wiping out the UK's £1 trillion debt. Nick Ferrari isn't so sure. #LBC #ukpolitics #uknews #economics #finance
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Middle Class Focus: What Democrats Have Gotten Wrong
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If you studied economics and something about the models never sat right, this is why. What mainstream economics actually represents is not science but a particular political and economic worldview disguised as objective analysis. It wasn’t always this way. The field was literally called “political economy” until the late 19th century marginalist revolution, when economists decided they’d rather resemble physicists. The politics didn’t disappear. They got written out of the textbook. If you recog
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Let them eat growth #superrich #taxtherich #uktiktok #poverty #inequality
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IS-LM Model — Fiscal Policy, Floating Rate (No Capital Mobility): True or False? #Shorts
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Ontario needs 1 million university graduates over next decade
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