Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las ...
The Heterogeneous-Agent New Keynesian literature has revisited the transmission of monetary and fiscal policy to consumption using models where heterogeneous households face idiosyncratic income risk ...
A new study suggests AI models like ChatGPT and Claude consistently overestimate how rational humans really are, leading them to misjudge how people behave in strategic situations. The post AI models ...
We are living at a time when large language models increasingly make choices once reserved for people. From writing emails to ...
Scientists at HSE University have found that current AI models, including ChatGPT and Claude, tend to overestimate the rationality of their human ...
Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and ...
Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.
English starts at 2:00[/mark] Thomas Palley’s lecture. Milton Friedman’s influence on the economics profession has been enormous. In part, his success was due to politic ...
A recent post from Daniel Lacalle, “How Keynesians Got The US Economy Wrong Again,” exposed the widening gap between John Maynard Keynes’ economic theory and reality. Despite the confident forecasts ...
John Maynard Keynes was a 20th century British economist who developed a theory about government policy in relation to private sector business. His macroeconomics approach was to use ...
Despite now pushing for a more assertive economic agenda, center-left parties worldwide are on the defensive. Their vulnerability? They helped create the very neoliberal order they now claim to ...
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