This is diablog 9 between David Sloan Wilson (DSW) and me (JB)Think Big — errors we live by
Updating Hayek: Can 'The Market' Prioritize Well?
Jag Bhalla
ht Evonomics
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
This is diablog 9 between David Sloan Wilson (DSW) and me (JB)Think Big — errors we live by
This in exceptional article from Jag Bhalla on the IH metaphor.
It is the best I have seen, including all of my own.
It nails the nonsense written by generations of economists (and not a few politicians, even some theologians creeping superstitions into economics).
Read it and pass it on, plus its source at Scientific American, (they are due a Damascene experience) to your own contacts - and send it to your economic theory tutors and colleagues.Adam Smith's Lost Legacy