A very detailed walkthrough of the big new left economic idea. Modern Monetary Theory is having a moment. The theory, in brief, argues that countries that issue their own currencies can […]
Putting the ‘I’ in science
Chris Lintott’s chronicle of the booming citizen-science project Zooniverse is inspirational, finds Michael West. The Crowd and the Cosmos: Adventures in the Zooniverse Chris Lintott Oxford University Press (2019) Citizen science is […]
The real Adam Smith
He might be the poster boy for free-market economics, but that distorts what Adam Smith really thought The invisible hand was invoked not to draw attention to the problem of […]
An economist explains how to value the internet
digital goods have three characteristics that are very different from previous goods. They’re virtually free, perfect and instant. What that means is the cost of making an additional copy of […]
How Much – What is Value?
Minutes of Minimum-Wage-Work to buy a Big Mac How many minutes a minimum-wage-worker would have to work to earn enough money to buy a Big Mac? How do we relate […]
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