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Real-World Economics Review Blog

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Real-World Economics Review Blog

08.08.2025

In Trump’s competition with China, China is winning | Real-World Economics Review Blog

from Dean Baker Donald Trump doesn’t have much interest in numbers and the real world, but that is where the rest of us live so it is worth checking in periodically. Trump and many others — including many Democrats —  are anxious to see the United States as engaged in a Cold War-type competition with China. I have…

Real-World Economics Review Blog

08.08.2025

A fork in American history | Real-World Economics Review Blog

In the United States, income inequality rose steadily from the 1980s onward (as shown by the blue line). But, at least on paper, it’s easy to imagine a version of the US in which this experiment didn’t’ happen. For example, the red line imagines a world in which US income inequality remained fixed at the…

Real-World Economics Review Blog

08.08.2025

Debunking mainstream economics | Real-World Economics Review Blog

from Lars Syll An economic theory that does not go beyond proving theorems and conditional ‘if-then’ statements — and does not make assertions and put forward hypotheses about real-world individuals and institutions — is of little consequence for anyone wanting to use theories to better understand, explain or predict real-world phenomena. Building theories and models…

Real-World Economics Review Blog

10.08.2025

The “unidimensional” view of development | Real-World Economics Review Blog

from Ted Trainer and RWER issue 111 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 (economists like to refer to this as a straight Nobel Prize – it isn’t) was awarded to Daron Acemoglu, Simon Johnson and James Robinson. According to the press release the prize was awarded for helping…

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