Relearning Economics
@RelearningEcon
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A system dynamicist specializing it's application for Macroeconomic Forecasting. I am the Chief Research Officer at Modern Macro Technologies
World
Joined February 2022
“Milton Friedman’s misfortune is that his economic policies have been tried.” -John Kenneth Galbraith
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"A mission-oriented economy means asking what kind of markets we want, rather than what problem in the market needs to be fixed." -Mariana Mazzucato
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We collected over 4000 remote viewing sessions, and made them publicly available for anyone to see! 20% of these are recorded on-chain in a way that any skeptic in the world can validate the experiment is double blind. Here is a walkthrough of the data we collected, which
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"A mission-oriented economy means asking what kind of markets we want, rather than what problem in the market needs to be fixed." -Mariana Mazzucato
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"Shit jobs tend to be blue collar and pay by the hour, whereas bullshit jobs tend to be white collar and salaried." -David Graeber
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"Shit jobs tend to be blue collar and pay by the hour, whereas bullshit jobs tend to be white collar and salaried." -David Graeber
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If economics were a very useful discipline, what would it look like? eh? @RelearningEcon @ProfHall1955 @ProfSteveKeen
@Davejones0305 @99blackbaloons @JoYohana ?
patreon.com
Get more from Stephen Hinton on Patreon
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Save your kids from 'New Keynesianism' this Christmas.
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App revenue is a lever — pull it faster. Superwall gives you full control of your paywall logic. No code. Just results. Start your free trial →
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Save your kids from 'Austrianism' this Christmas.
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"#China ignored Western economists and achieved 8.5% growth by doing the OPPOSITE of what textbooks recommend!" Dr Steve Keen Dr Steve Keen demonstrating the power of the spreadsheet over abstract modelling based on ideologically rooted assumptions. Photo by MeJudice CC BY 3.0
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'America is never going to pay its debts, it doesn't have to. Its debts are in its own currency, we can simply print it. The African debt is not in its currency. Africa has to earn the US dollars.’ This is the system leaders like Burkina Faso’s🇧🇫 Ibrahim Traore are trying to
REMINDER: Burkina Faso’s🇧🇫 Ibrahim Traore responds to French🇫🇷 President Emmanuel Macron saying Africans lacked gratitude and their ‘disease’ of ingratitude could not be spread to humans: ‘This is how this gentleman sees Africans. We are not humans in his eyes. He should pray to
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Exciting. You can download this thick volume edited by George Feiwel for free. The Economics of Imperfect Competition and Employment: Joan Robinson and beyond https://t.co/4UHQ5y8xdC
link.springer.com
Is there a paradox in the economics of Joan Robinson in the post-Keynesian period?1 Apart from Richard Kahn, she worked with Keynes more closely than anyone else during the years of preparation of...
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"The only function of economic forecasting is to make astrology look respectable." -John Kenneth Galbraith
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🍋🟩 “Private equity has been the engine of our growth.” – Nick Wiseman. Without it we couldn’t compete with national players. Watch how @eatlittlesesame hummus scaled from 1 kitchen to thousands of stores with help from Beliade.
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"I don't care who writes a nation's laws, or crafts its advanced treaties, if I can write its economics textbooks." -Paul Samuelson
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HANK or the Heterogeneous Agent New Keynesian model is the crowning failure of New Keynesian DSGE theoretical modeling. Perhaps they can add a micro founded troll agent equation with the appropriate frictions for realism.🤏🏻
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"System dynamics models do not require or assume equilibrium. They explicitly model the processes of adjustment—often long, delayed, and unstable—that shape real systems." -John Sterman
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"Trade unionism is not socialism. It is the capitalism of the proletariat." -George Bernard Shaw
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“The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” -John Kenneth Galbraith
Billionaires merely buy the labor of workers—this isn’t stealing, just as you aren’t stealing from Starbucks when you buy a cup of coffee from them
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I am going live in 3 hours to explain why 40 years of "fiscal responsibility" destroyed 40% of our prosperity. I'll be demonstrating the economic models that prove textbooks are wrong about government debt. Live model simulations. Real data. No fluff. The Bank of England
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