Economic indicators are lies
From Erasmus Journal for Philosophy and Economics, an interview with Debra Satz on ethics, economics, and markets; a review of Russell Hardin’s How Do You Know? The Economics of Ordinary Knowledge; and a review of Geoffrey M. Hodgson’s Darwinism and Economics. Primate Economics 101: A review of The Dismal Science: How Thinking Like an Economist Undermines Community by Stephen A. Marglin (and more). An excerpt from The Fearful Rise of Markets by John Authers. Make money by avoiding rules: A time-tested axiom of capitalism is that any financial regulation will be followed quickly by innovation that subverts it. It isn't all that simple to work out how many Americans are out of work (and more). Taking the measure: GDP, CPI, poverty rate — economic gauges don't measure what we think they do. The Rise and
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