Brian Marick on Nostr: A historian takes on economists: “This year the Riksbank awarded its [Economics ...
A historian takes on economists:
“This year the Riksbank awarded its [Economics Nobel] prize to a treatment of early modern institutions so selective it functions as a bedtime story for capitalists. The good institutions produced prosperity. The bad ones produced misery.
"But good and bad institutions have always been paired. It is not so easy to tease them apart into natural experiments, and just as useful to see how they’re connected.”
https://www.ft.com/content/1e2584d6-65ef-46de-bfb2-28811be65600
“This year the Riksbank awarded its [Economics Nobel] prize to a treatment of early modern institutions so selective it functions as a bedtime story for capitalists. The good institutions produced prosperity. The bad ones produced misery.
"But good and bad institutions have always been paired. It is not so easy to tease them apart into natural experiments, and just as useful to see how they’re connected.”
https://www.ft.com/content/1e2584d6-65ef-46de-bfb2-28811be65600