I wrote about supply and demand curves here yesterday. I said that the ideas implicit within them are total nonsense, as the claims in the
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Economic myths: Supply and Demand Curves
I have added this entry to this blog’s glossary, it being a myth within neoclassical economics. Supply and Demand Curves The image of two intersecting
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The white collar world is falling apart
The Financial Times reported this weekend that a “white-collar recession” is emerging in the United States, suggesting that a decisive shift in the structure of the
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Was Guy Fawkes as bad as history makes out?
Every year on the 5th of November, people across Britain light bonfires, set off fireworks, and burn effigies of a man who died more than
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There’s a £1 trillion crash waiting to happen
Global stock markets are at record highs. Everyone knows it’s a bubble, but no one wants to leave the dance. In this video, I explain
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While the world watches the circus, the country is falling apart
I have suffered from a very strong feeling of late, which is that it is becoming very hard to escape the theatre of political distraction
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Economic questions: the Gary Becker question
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
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Economic myths: Diminishing Returns and Marginalism
I have added this entry to this blog’s glossary, it being a myth within neoclassical economics. Diminishing Returns and Marginalism Few ideas have done more
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Is royalty over?
At the age of 65, Andrew Mountbatten-Windsor has lost it all – every royal title, and every symbol of inherited privilege. Two weeks ago, we
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