Economics is burning. That’s good news.
Too bad about all the damage to America caused by bad public policy based on flawed economic theories.
david graeber
The limits and flaws in our economics
Here is a great look at the problems and limits of today’s economic theory – which runs America.
Is the profession of science broken (a possible cause of the great stagnation)?
The rate of technological progress has slowed, broadly speaking since the 1960’s. The most commonly cited example is the speed of flight. The astronauts of Apollo 10 traveled at 25,000 in 1969, the same year the first and only successful supersonic commercial airliner flew. Now we have neither. Worse there are indications that the basic …
Is the profession of science broken (a possible cause of the great stagnation)? Read More »