‘Nobel Prize’ models — unsellable and totally useless
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from Lars Syll This year’s ‘Nobel Prize’ in economics goes to two American
economists for developing micro-founded ‘representative agent’ DSGE models.
The ...
Tuesday, 13 May 2014
Tuesday, 18 March 2014
Guardian Post: The truth is out: money is just an IOU, and the banks are rolling in it
The truth is out: money is just an IOU, and the banks are rolling in it
The Bank of England's dose of honesty throws the theoretical basis for austerity out the window.
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