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Real-World Economics Review Blog

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Economy

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Real-World Economics Review Blog

02.09.2025

MAGA 2.0: Making China Great Again | Real-World Economics Review Blog

from Dean Baker In Donald Trump’s make-believe world, prices are falling, the economy is booming, he is bringing peace all around the world, and gas costs less than $2.00 a gallon.  But here in the real world, inflation is increasing, the economy is stalling, wars are continuing, and gas costs more than $3.00 a gallon. Ordinarily, we…

Real-World Economics Review Blog

03.09.2025

The many publications of Lisa Cook, economic historian. | Real-World Economics Review Blog

Chris Brunet (male, white), who advertises himself as an ´independent investigative journalist´, did an embarrassingly bad job investigating the number of publications of Lisa Cook (member of the board of the US central bank, female, black). The proverbial ´1 minute on the internet´ would have saved him the embarrassment. Based on distinctly incomplete data, he…

Real-World Economics Review Blog

05.09.2025

The Road Not Taken | Real-World Economics Review Blog

from Lars Syll Had the whole discipline catastrophically misunderstoodKeynes’ deeply revolutionary ideas? We heterodox economists, who have chosen the road less travelled, are acutely aware of its costs: fewer opportunities for ample research funding or positions at prestigious institutions. Yet, I suspect few of us truly regret our choice. One does not bargain with one’s…

Real-World Economics Review Blog

12.09.2025

Trump is raising unemployment: He wants a new scorekeeper | Real-World Economics Review Blog

from Dean Baker When a football team keeps losing, the cry usually goes out for a new coach, or at least a new quarterback. Alternatively, there is the Trump route: Get a new scorekeeper. That is apparently the story, with Trump reportedly looking to overhaul the Bureau of Labor Statistics (BLS), the statistical agency that…

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