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    Economics / agent based modeling, Behavioral Economics, economic theory, evolutionary economics, heuristics /

    Limits

    May 5, 2017

    I don’t understand why people get upset when I say that economics is a waste of time. I suppose it’s because I don’t make a clear enough difference between economics as a general topic and economics as a formal, mainstream, body of knowledge. It’s the latter that is a waste of time. The former is […]

    Politics / capitalism, democracy, economic theory, Galbraith, plutocracy /

    Channelling Galbraith

    April 28, 2017

    Jamie Galbraith’s conclusion in his essay at Dissent magazine: “The progressive alternative to an economic program of reckless stimulus and real-estate capital gains is a program of full employment, fair wages, and broad investment in social, cultural, and environmental needs, backed by taxes that fall directly on rents, monopoly profits, and on inheritances, thus directly […]

    Economics, Politics / corporate taxes, Goldman Sachs, government spending, growth, Republicans, tax cuts, tax reform, Trump /

    That’s a Tax Plan?

    April 27, 2017

    Well, no, it isn’t. It’s a draft of a sketch of an outline of a synopsis of what a tax plan might look like were it designed exclusively to serve the interests of the drafter/sketcher/outliner. With great fanfare and pomp the White House rolled out its “huge”tax plan. As predicted it is not a plan, it […]

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