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Category: economics

| | econbrowser.com
| | [AI summary] Articles analyze conflicting recession models for the US economy and the structural challenges facing China's economic growth.
| | ecipe.org
| | [AI summary] The article explores the rise of 'anti-economics' in Western public discourse, attributing it to a shift away from basic economic principles toward abstract, subjective, and politically driven concepts. It argues that this trend is fueled by psychological and cultural factors, such as the 'I Me Mine' mentality, Romanticism, and the prioritization of identity over objective analysis. The piece critiques how modern policies, including climate change and competition regulations, often rely on vague notions rather than empirical data, leading to inefficiencies and a lack of focus on long-term economic growth. The author suggests that restoring economic principles as the foundation of public discourse could improve governance and societal outcomes.
| | www.greshm.org
| There's no doubt that the economic carnage that has rocked the world in the last week or so was triggered by a contraction in economic activity associated with Covid-19 and the efforts to contain it. But there's also no doubt that this shock exposed underlying issues, setting off a cascade of chaos and fear through an economic system overloaded with private debt, especially in the business sector. Photo by Pepi Stojanovski

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