Economics is once again becoming a worldly science
After generations of ‘blackboard economics’, Berkeley and MIT are leading a return to economics that studies the real world
«a preponderance of research that has shown no meaningful disemployment effects of raising minimum wages.»
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A radical concept called ergodicity at the heart of economics could change our approach to risk for the benefit of all
Against Economics
There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science…
Why has climate economics failed us?
Economists could have helped in the fight against climate change. So far, they haven't.
«The big conceptual mistake here is to assume that whatever economists can easily measure is the sum total of what’s important for the world»
Weaponizing economics: Big Oil, economic consultants, and climate policy delay
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«The role of particular scientists in opposing policies to slow and halt global warming has been extensively documented. The role of economists, however, has received less attention.»
A Nobel Prize for a revolution in economics
David Card, Joshua Angrist, and Guido Imbens win a Nobel Prize for revolutionizing how economics is done.
«Thanks to the work of these new Nobel laureates, economics these days has become more of an evidence-based science and less of an ideologically driven philosophy»