The Next Evolution of Economics
Author @georgemonbiot.bsky.social: "Their massive tax cuts for the rich, crushing of trade unions, reduction in public housing, deregulation, privatisation, outsourcing and competition in public services were all proposed by Hayek and his disciples." Read more: evonomics.com/ruthless-net...
Economist Julie Nelson: "The first, and most important, is the way in which certain core economic doctrines have infiltrated, and caused widespread damage to, academic and public discussion. evonomics.com/pretending-h...
Entrepreneur @nickhanauer.bsky.social: "Our economy is 1% competition, 99% cooperation. We can be selfish, yes—even cruel. But it is our highly evolved prosocial nature that has enabled our species to dominate the planet...cooperation is our economic super power." evonomics.com/how-to-destr...
Historian @rutgerbregman.com: "I believe in a future where “jobs are for robots and life is for people.” Archive pick: evonomics.com/doubt-capita...
"Men have always been allowed to act out of self-interest – as in economics, so in sex. For women, this freedom has been taboo." - Author Katrine Marçal. Archive pick: evonomics.com/who-cooked-a...
What is taught in today’s graduate programs as macroeconomics is entirely useless for the kinds of questions we are interested in. Read more by @jwmason.bsky.social: evonomics.com/5-ways-to-re...
Social psychology @jonathanhaidt.bsky.social: "Why promoting only individual level competition is disastrous." Archive pick from 2015: evonomics.com/the-ceo-of-s...
Economist @mazzucatom.bsky.social : "My book The Entrepreneurial State is an open call to change the way we talk about the State, its role in the economy and the images and ideas we use to describe that role." Read essay: evonomics.com/economist-de... #capitalism #economics
"During integrative phases they become tempted to rejiggle the economy in ways that benefit themselves at the expense of the workers. As a result, worker wages stagnate and even decline, and the fruits of economic growth go disproportionately to the elites." peterturchin.substack.com/p/how-do-soc...
Economist Laurie Macfarlane "It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory. We have known since the days of Adam Smith and David Ricardo that land is not a source of wealth but of economic rent." Article, 2017: evonomics.com/unproductive...
Economist Eric Beinhocker: "The rules of our economic system are designed, much like Monopoly, to produce plutocrats like Elon Musk." Watch full video: www.youtube.com/watch?v=7CtF...
"But when wealth begets wealth, a powerful few can collude and corrupt our institutions. Innovation and economic growth slow... And wealth, legitimate or ill-gotten, created or appropriated, persists beyond a lifetime." evonomics.com/how-to-stop-...
"Finance as an industry makes only four percent of jobs in this country, but it takes 25 percent of corporate profits." - Rana Foroohar, Author of Makers and Takers. Archive pick: evonomics.com/want-to-kill...
Economist Joseph Stiglitz: "We have a political system that gives inordinate power to those at the top, and they have used that power not only to limit the extent of redistribution but also to shape the rules of the game in their favor, and to extract from the public.” evonomics.com/nobel-prize-...
Economist Arindrajit Dube tested the minimum wage effect by comparing neighboring counties with nearly identical economies but different minimum wage laws. The result? Higher wages—with no statistically significant job losses. Read the paper here: irle.berkeley.edu/publications...
Biologist David Sloan Wilson: "Let there be no more talk of unfettered competition as a moral virtue. Cooperative social life requires regulation. Regulation comes naturally for small human groups but must be constructed for large human groups." Archive pick: evonomics.com/death-invisi...
"Researchers often think they’re studying “Homo sapiens“, but actually they’re studying a particularly peculiar form of cultural psychology." Read more: evonomics.com/scientists-d...
"In 1930, the British economist John Maynard Keynes predicted that, by the end of the century, the average workweek would be about 15 hours. Keynes turned out to be right about increased automation...But he was wrong about the decline of work." Read more: evonomics.com/less-work-jo...
"The rate of GDP growth is obviously important in a world where billions of people still live in dire poverty. But some of the most important economic questions today are about how to achieve a particular type of growth." Read more: evonomics.com/value-of-eve...
Nobel Prize-winning economist Joseph Stiglitz says Milton Friedman created a destructive economic ideology. 📷Listen to him on @pitchforkeconomics.bsky.social podcast: bit.ly/NewStiglitz