I dissect how neoclassical economics treats (neglects) natural resources, and discuss ways to fix it.
I dissect how neoclassical economics treats (neglects) natural resources, and discuss ways to fix it.
The neoclassical theory of economic growth is an example of Murphy’s law: everything that could go wrong did go wrong.
The ‘productivity-pay gap’ has nothing to do with productivity. Here’s why.
For all that it purports to say, Gross Domestic Product (GDP) fails to explain anything relevant about the world.
Yesterday I was reminded of what got me interested in economics. I’ll preface this by saying that I make my living as a substitute teacher in Toronto. It’s not glamorous, but it pays the bills. It gives me time to do research from outside academia. When I’m in high school classrooms, I always browse the posters on the wall. It’s funny what you see.
Real GDP is key to macroeconomics. But is it a valid measure of economic scale?