Blog

I’m immersed in the world of heterodox economics, and this caught my eye:

"Undergraduate economics is a joke -- macro is okay, but micro is a joke because they teach this stuff that you know is not true. They know the general equilibrium model is not true. The model has no good stability properties, it doesn't predict anything interesting, but they teach it ..."

That’s from Herbert Gintis

More on this topic shortly…