Discover and read the best of Twitter Threads about #generaltheory
Most recents (2)
Daily Bookmarks to GAVNet 08/28/2021 greeneracresvaluenetwork.wordpress.com/2021/08/28/dai…
The Multiple Paths to Multiple Life
link.springer.com/article/10.100…
#life #origins #evolution #AdaptiveSystems #GeneralTheory #History #MultiplePathways
link.springer.com/article/10.100…
#life #origins #evolution #AdaptiveSystems #GeneralTheory #History #MultiplePathways
W. Brian Arthur on Complexity Economics
preposterousuniverse.com/podcast/2021/0…
#podcast #complexity #economics #BrianArthur
preposterousuniverse.com/podcast/2021/0…
#podcast #complexity #economics #BrianArthur
John Maynard #Keynes was born on June 5, 1883, and died too early. Here's a few thoughts on why I keep circling back to him, & why his work forces 2 rethink the way we do & teach #economics, esp. #micro. I am sure this (partial) thread will upset someone: apologies in advance. 1/
#Keynes understood that #macroeconomics is about emergent properties: aggregate outcomes that don't make sense 2 the individuals populating the economy. The logic, e.g., of the #IncomeExpenditure model is that an economy can coordinate along any point on the 45-degree line.. 2/
and that, accordingly, we should expect economies to operate with slack. Then you have the #ParadoxofThrift and all that. He also talked about the #ParadoxofCosts when he discusses redistribution to lower income people who have higher propensity to consume... 3/
