#economicTheory

https://www.europesays.com/1820450/ Analysis-Europe’s AI bulls pin hopes on ‘Jevons Paradox’ after DeepSeek rout #AIRevolution #ArtificialIntelligence #Data #DataCentres #EconomicTheory #europe #HelenJewell #JevonsParadox #Nvidia #TomaszGodziek #WilliamStanleyJevons

Milton Friedman on Inflation: A Government-Made Disaster - Inflation is not a natural phenomenon but a consequence of government actions. Mil... - https://news.bitcoin.com/milton-friedman-on-inflation-a-government-made-disaster/ #economicinstability #learning-insights #governmentpolicy #economictheory #hyperinflation #miltonfriedman #monetarypolicy #pricecontrols #freemarket #inflation #shortages

> It’s as if someone were out there making up pointless jobs just for the sake of keeping us all working. And here, precisely, lies the mystery. In capitalism, this is precisely what is not supposed to happen.. the very sort of problem #MarketCompetition is supposed to fix. According to #EconomicTheory, at least, the last thing a profit-seeking firm is going to do is shell out money to workers they don’t really need to employ.
https://theanarchistlibrary.org/library/david-graeber-bullshit-jobs
https://www.davidgraeber.org/wp-content/uploads/2013-On-the-phenomenon-of-bullshit-jobs-A-work-rant.pdf
#DavidGraeber #BSJ

Bank economist inadvertently admits that neoclassical economic theory has little to do with reality:

"Good to see the economic theory playing out in reality, for once."

#KelvinDavidson, Chief Property Economist, #Corelogic

https://www.rnz.co.nz/national/programmes/morningreport/audio/2018884737/house-prices-dropping-but-still-30pct-higher-than-pre-pandemic

#economics #EconomicTheory #NeoClassical #banking

Interesting take on Hayek with which I wholeheartedly agree, that were it not for his crass right-wing personal politics his economic philosophy might well have been embraced by hippies.

#EconomicTheory #libertarianism #BookReview

https://www.lrb.co.uk/podcasts-and-videos/podcasts/the-lrb-podcast/the-hayek-puzzle

#EconomicTheory must account for #power.

Really happy to see this paper published: https://econtheory.org/ojs/index.php/te/article/view/20221619

Two reasons. First, a number of (IMHO) important recent papers are finally unlocking the potential of epistemic game theory to push the frontier beyond equilibrium in significant economic applications. This paper definitely belongs to this category.

Second, Luciano Pomatto was my student back in the day, and I had a lot of fun learning from him. Congrats! And someone please get him on

#econtwitter #EconomicTheory

### Freeman's Three Laws of Money

1) Money only exists when it is in motion.

2) The total value of money owned, whether by an individual or a society, will always change at an exponential rate.

3) The number of specialized experts in a society is always proportional to the abundance of money in that society.

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I came up with these three laws recently as I have been refreshing my studies and going significantly in-depth on economic theory and the nature of money. I'd be curious to hear people's impression of it.

@General #Money #Economics #EconomicTheory #Investing