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Real-World Economics Review Blog: Real-World Economics Review Blog | Posts are by authors of papers published in the RWER. Anyone may comment.

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from Lars Syll How would you react if a renowned physicist, say, Richard Feynman, were telling you that sometimes force is proportional to acceleration and at other times it is proportional to acceleration squared? I guess you would be unimpressed. But actually, what most mainstream economists do amounts to the same strange thing when it […]

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from Asad Zaman  Could you persuade an ordinary decent person that murder might sometimes be morally admirable? Deep moral convictions are not easily shaken. A person may be confused, tempted, frightened, or pressured into wrongdoing, but to calmly reconsider the moral status of murder itself — that seems almost impossible. Yet in one of Harvard’s […]

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from Lars Syll The concept of a ‘growth imperative’ — the idea that capitalist economies must continually expand — can be fruitfully examined through the lens of what we now call endogenous growth theory, largely developed by ‘Nobel laureate’ Paul Romer. In this framework, the growth imperative is effectively internalised within the economic system, echoing, […]

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real-world economics review issue 114 download whole issue Game Theory and the Dilemma of Degrowth: Why Embrace Degrowth if Other States or Societies Do Not? Samuel Alexander The Disruption Society:  Subscription Capitalism, Cognitive Extractivism, and the Terminal Limits of the Law of Value Pablo Dávalos Towards a post-homo oeconomicus economy: AI agents and the reconfigur...

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from Lars Syll Here you can watch Finding The Money for free MMT is fundamentally a reaction to the way money is described in mainstream economic theory, where money is seen as something that people save by depositing it in banks, and which banks in turn can lend out by creating credit. Thus, money creation […]

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