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Real-World Economics Review Blog

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Real-World Economics Review Blog

16.06.2025

Unchecked concentration of wealth is eroding US democracy | Real-World Economics Review Blog

As the world watches Donald Trump and Elon Musk publicly fight over the sweeping legislation moving through Congress, we should not let the drama distract us. There is something deeper afoot: unprecedented wealth concentration – and the unbridled power that comes with such wealth – has distorted our democracy and is driving societal and economic tensions.  Musk, the…

Real-World Economics Review Blog

18.06.2025

On holiday until the 26th | Real-World Economics Review Blog

Post by @RealWorldEcon.

Real-World Economics Review Blog

28.06.2025

The world is facing a looming crisis of inequality | Real-World Economics Review Blog

Dear World Leaders,  There is a crisis in multilateral cooperation and in the financing of global public goods and development aid — one that is compounding the already worsening challenges of poverty, ill health, illiteracy, and environmental breakdown. From surging droughts and floods to raging fires, the evidence of our planetary emergency is clear. Unfortunately,…

Real-World Economics Review Blog

01.07.2025

Econometrics — a severe case of mock empiricism | Real-World Economics Review Blog

from Lars Syll According to Guy Routh, econometrics is nothing but “mock empiricism, with statistics subjected to econometric torture until they admit to effects of which they are innocent.” Similarly, Mark Blaug in his The Methodology of Economics argued that econometric testing is like “playing tennis with the net down.” Although these are rather harsh judgments, I…

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