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Olduvai III: Catacylsm
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Overreliance on the Pseudo-Science of Economics

Overreliance on the Pseudo-Science of Economics Every year a Nobel Prize in Economics is awarded when in fact there is no “Nobel Prize in Economics.” There is only a “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.” That prize, which was invented by the Swedish central bank nearly 75 years after Alfred Nobel’s […]

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A Year Without the Colorado River, as Seen by Economists

A Year Without the Colorado River, as Seen by Economists Imagine if each tap that delivered water from the Colorado River – whether to a farm, a factory, or a home – suddenly went dry for a year. What would happen to the West’s economy? That’s pretty much the question a team of researchers at […]

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The Most Common Error in Economic Debates |

The Most Common Error in Economic Debates |. The Problem of Contingent Data Have you ever been in an argument about whether we should raise taxes and then someone tosses out a real whopper? “The top tax rate for decades after World War II was over 90% and look how the economy boomed!” Or perhaps […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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