- The Non-Equilibrium Social Science community and newsletter.
- Mike Beggs, in Jacobin Magazine, on Occupy Economics.
- Robert Johnson, in Time, on Economists: A Profession at Sea.
- Yanis Varoufakis has been building on his paper, "The Dance of the Meta-Axioms: On the Dynamic Mechanism by which the Inescapable Theoretical Failures of Neoclassical Economics Reinforce Its Dominance".
- Noah Smith has a couple of posts that I find hard not to read as implying that mainstream economists are trained into, at best, ignorance.
Posts
12 years ago
1 comment:
Read the TIME piece. The point about the over-reliance on models is so true. The "models" showed the AIG financial products group that entering all these CDS contracts was a can't miss one way bet. US$180 billion later, turns out they were wrong. I knew there was a housing bubble when the secretary at our office said she was buying a second condo as an investment because "housing prices never go down." This was November 2006!
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