Real-World Economics Review Blog — Feed Items
Primary tabs
from Lars Syll In 2022, the U.S. National Institutes of Health (NIH) placed a large bet on an experimental drug developed to limit brain damage after strokes … The gamble seemed warranted. Lab studies, most by a longtime grantee, prominent University of Southern California (USC) neuroscientist Berislav Zlokovic, had generated promising data. A small safety […]
from Norbert Häring Shortly after it has become known that hackers are offering the identity data of most Indians from the world’s largest digital identity database for sale, the European Parliament and Council have agreed to introduce something similar for Europeans, while Washington praises the Ukrainian version as an export model and Bill Gates wants […]
from Peter Radford To ignore power is to ignore reality. How can you construct a theory of economic activity that excludes the power embedded in relationships between the various actors on the stage you are directing? More to the point why would you? To ignore power is to ignore reality. I think, perhaps we need […]
Two days ago in a comment, Yoshinori Shiozawa offered the following suggestion. I have proposed to create a forum in which heterodox economists can inform each other and discuss the future directions of heterodox economics. The simplest and easiest [way] to start is to organize a series of book reviews (or paper reviews if necessary) […]
from Lars Syll So in what sense is this “dynamic stochastic general equilibrium” model firmly grounded in the principles of economic theory? I do not want to be misunderstood. Friends have reminded me that much of the effort of “modern macro” goes into the incorporation of important deviations from the Panglossian assumptions that underlie the […]
Will lower central bank interest rates at this moment lead to lower consumer rates? No, they won’t. The, at this moment, low rates on existing debt will continue to increase for years on end, cutting in household spending and hampering the possibility of households to pay down their debt. Figure 1. Interest rates for new […]