Joseph Stiglitz & other #NobelLaureates say Trump threatens #US’s standing in the world.
In the letter released Tues, the economists said that the #Republican candidate would stoke #instability & revive high inflation w/his “fiscally irresponsible budgets”.
“While each of us has different views on the particulars of various #economic policies, we all agree that #JoeBiden’s economic agenda is VASTLY SUPERIOR to Donald #Trump’s,” the #economists said.
"Economists have reported results based on populations for every country in the world for the past two thousand years. The source, McEvedy and Jones’ Atlas of World Population History, includes many estimates that are little more than guesses and that do not reflect research since 1978."
"A core part of neoclassical @economics is the marginal productivity (MP) which is used to address ... #justice in production--at least in the ideal ... model. It is... remarkable... that #progressive#economists like Piketty, Stiglitz, ... Keen, etc., who ... 'criticize' MP theory only attack the empirical shortcomings of the theory, and have no criticism of the ideal model itself."
ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism by Yves Smith
“Lost your job, lost your life savings, the country's going down the proverbial - want to know who did it? Yves Smith tells the tale of how bad economics created the foundations for the 'Madoff economy'.