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Real-World Economics Review Blog

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Economy

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Real-World Economics Review Blog

16.12.2024

Debunking mathematical economics | Real-World Economics Review Blog

from Lars Syll It is a great fault of symbolic pseudo-mathematical methods of formalising a system of economic analysis … that they expressly assume strict independence between the factors involved and lose all their cogency and authority if this hypothesis is disallowed; whereas, in ordinary discourse, where we are not blindly manipulating but know all…

Real-World Economics Review Blog

18.12.2024

Health insurance killing: Economics does have something to say | Real-World Economics Review Blog

from Dean Baker I’m not one to generally tout the wisdom of the economics discipline, but it actually does offer some useful insights into the likely motive for the murder of Brian Thompson, the CEO of United Healthcare (UHC). According to media accounts, the suspect, Luigi Mangione, was angered by his own and others’ experiences…

Real-World Economics Review Blog

20.12.2024

Mainstream distribution myths | Real-World Economics Review Blog

from Lars Syll Pretending that the distribution of income and wealth that results from a long set of policy decisions is somehow the natural workings of the market is not a serious position … Pretending that distributional outcomes are just the workings of the market is convenient for any beneficiaries of this inequality, even those…

Real-World Economics Review Blog

22.12.2024

Christmas thoughts about counting the dead in zones of armed conflict. | Real-World Economics Review Blog

In those days Caesar Augustus issued a decree that a census should be taken of the entire Roman world. (This was the first census that took place while Quirinius was governor of Syria.) And everyone went to their own town to register. Luke 1:3 (as will turn out below, this quote is not frivolous) Summary.…

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