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evonomics.com | ||
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rwer.wordpress.com
from Steve Keen and RWER issue 106 Human society is energy blind. Like a fish in water, it takes for granted the existence of that without which it could not survive. As with so many of humanitys problems, this conceptual failure can be traced back to an economist. However, the guilty party is not one |
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www.viralnewsconnection.com
[AI summary] The article argues that sales per worker do not necessarily reflect productivity, as they are influenced by both output and pricing. It critiques the neoclassical economic theory that prices reveal utility, highlighting that prices are not independently measurable and that the correlation between sales and wages is an accounting identity rather than an indicator of productivity. The piece emphasizes the need to understand the role of prices and the limitations of traditional economic models in explaining income distribution and firm behavior. |
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economicsfromthetopdown.com
Real GDP is key to macroeconomics. But is it a valid measure of economic scale? |
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www.math.columbia.edu
For a long time now fundamental theoretical physics has been suffering not just from a slowdown in progress, but from a sort of intellectual collapse (I wrote about this here a while back in the co... |
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