Turgotonomics

Winning or losing the trading race can be a matter of nanoseconds...

History confirms the intuition that ‘ending poverty’ has little political traction as a near-term goal when mass chronic poverty is seen to be the norm and poor citizens have little political influence...

John Maynard Keynes once remarked that ‘practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.’

The progress of science is generally linear. As new research confirms or replaces existing theories, one generation builds upon the next. Economics, however...

I am not now nor have I ever been a Marxist, yet Karl Marx was one of my most important teachers.

Club for the retired sons of indulgent fathers, Rea Irvin, 1914 by Guy Standing The 20th century income distribution system has broken down irreparably. Recall the post-1945 consensus under which the shares of income going to capital and to labour were roughly stable, when workers and corporations shared the...