The true value of money

The true value of money

What would a revolution of economics look like? Economics needs a revolution. This sentiment has been expressed by people from the physicist turned hedge-fund manager Jean-Philippe Bouchaud (in a 2008 paper), to the Bank of England’s Andrew Haldane (in a 2014 foreword...
A New Economics

A New Economics

For a theory to last almost 150 years is a triumph of sorts. For it to last one more decade will be a disaster. Neoclassical economics owes its continued existence in large part to university academics, who keep it buffed and maintained and protected for the next...
Post- Pythagorean Economics

Post- Pythagorean Economics

Moving from cold, hard to fuzzy, nonlinear logic. Pythagoras was born around 570 BC. He spent his youth traveling to Egypt, Syria and Babylon, where he immersed himself in the mystical teachings of the East. At the age of about 40, he established his own...