It seems that every age has to debunk the same economic fallacies…
Jo Wolff@jowolff.bsky.social · last mo.New Republic, 1938.
!["[Nations] seem to believe that [immigrants] represent a net burden—
as if their competition for jobs were certain to throw native citizens out of
work, or as if they would otherwise have to be fed at public expense.
There is a good deal of stubborn truth, under present circumstances, in this view, since the nations in question cannot keep their existing populations fully employed.
Nevertheless there is no really good reason why it should be so. The worker who fears immigration
because of the immigrant's competition for jobs ought to be reassured by the reflection that for every new pair of hands to work there is at least one new mouth to feed and body to clothe, which should provide a market demand for the equivalent of what the hands can produce."](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:givg3amslsq46o3f25ga5esh/bafkreifiqzmkhuu6r7lczirm6i5szu5hqeqhwgmugvjtpfub3jquv6vgea)
Robert Bigg
@robertbigg.bsky.social
History of Economics; Information Systems &c. Still looking through post-Keynesian tinted glasses: we have been seduced by the maths not convinced by the poets. Currently working on Alvin Hansen, Sidney Alexander, & Theodor Gregory. https://rbigg.github.io
Jo Wolff@jowolff.bsky.social · last mo.Was wondering what happened to this. If I remember correctly I put in a claim for three books. I’m sure others here put in claims of their own.
Chicago Tribune@chicagotribune.com · last mo.Judge approves a $1.5B Anthropic settlement over pirated books used to train the Claude chatbot
I disagree with 'most importantly, inflation is caused by the balance between supply and demand' other than in the most trivial sense. Inflation is caused by incompatible claims on output leading to increases in nominal wages and prices and/or by shifts in the terms of trade or exchange rates.
Chris Giles@chrisgiles.ft.com · last mo.should avoid. Number 1 is something the new PM seems unable to grasp... www.ft.com/content/9df2...
Excellent by @nakedkeynes.bsky.social on the role of the Fiscal-Naval State in UK economic development. open.substack.com/pub/nakedkey...
So AI perversely brings back (hand)written exams. I am reminded of those who played table football before exams not just for relaxation but also to strengthen their wrists to write all the faster. open.substack.com/pub/paulkrug...
What Will AI Do To Our Minds?
Cognitive damage, not productivity gains, may be the most important consequence
open.substack.com
Great to see a new version of Soulver, one of my goto apps on mobile and Mac desktop. Thankfully still subscription free! soulver.app
Soulver — Notepad, meet calculator
A natural-language notepad calculator for Mac, iPad & iPhone. One-time purchase, 60-day free trial.
soulver.app
2) Part of what Burnham is relying on is getting Labour a fresh look and resetting, but you get one shot on that and the clock starts from When it’s clear he’s PM, there’s a real risk that honeymoon window ends up being squandered when he’s not actually PM and tied to outgoing admin
Is binning expert correspondents in eastern Europe a good idea at a time like this? Disinformation on the rise, Russia interfering in many countries, threatening several and actually at war with one? Well, BBC News management seems to think so. It's disposing of me and 4 of my colleagues.
Congratulations to @dkuehn.bsky.social on the HES Goodwin Award for his article "Before NBER: Warren Nutter’s Soviet Research at the CIA," published in the Journal of the History of Economic Thought 47(2), 2025.
Interesting insight from @nakedkeynes.bsky.social “neoclassical economists are not neoliberals, because they emphasize market failures & accept wide domains for public policy. But neoliberals must be neoclassicals … because their argument depends on the market as the privileged mechanism of order.”
This the chart I use in my first class of the history of economics. The Smith/Ricardo/Marx vs Bentham/Mill/Marshall or social conflict vs rationalist/utilitarian traditions. I teach this course less than I would like
It’s an interesting thought. It can also be seen as a mechanism for reducing the consumer’s surplus in favour of the seller.
Hetan Shah@hetanshah.bsky.social · 3mo agoIf markets become dominated by algorithmic pricing do they qualify as public markets anymore? www.ft.com/content/0c18...
Lawyers doing better than the authors in AI copyright case arstechnica.com/tech-policy/...
Anthropic’s $1.5B copyright settlement is getting messy as judge delays approval
Lawyers accused of rushing historic settlement to seize $320 million in fees.
arstechnica.com
So the Nikkei index was -1.9% overnight, the S&P500 currently-0.6%, the £/$ -0.5%, & FTSE100 -1.7%- but according to the Telegraph the UK impact is all due to the prospects of Andy Burnham whilst the Mail reckons he has spooked the markets & the £ is in a nosedive when it’s up on both 1 & 2 years!
Science publishing giant Elsevier has joined the dozens of firms and individuals suing artificial intelligence companies over their alleged use of copyrighted works in training AI models go.nature.com/4eFGLZK
Elsevier vs. Meta: first science publisher sues over scraped research papers
Science publishing giant Elsevier has joined a class action lawsuit against Meta that alleges the reproduction of copyrighted works in developing the Llama AI model.
go.nature.com
I am not a Hayek scholar but it's still really exciting to see these digitized papers online. Digitized archives are so valuable for broadening the scope of people who do history of economics. www.hoover.org/news/papers-...
The Papers Of Friedrich August Von Hayek Now Accessible Online
hoover.org
CSEP (www.cambridgepluralism.org) is concerned about prospective changes to the Cambridge economics curriculum. The faculty had already decided to lose the 1st yr Politics paper, & now seeks to suspend the optional History & Philosophy of Economics paper. This is the only non-mainstream paper.
Science: the accepted view has changed. Philosophy of Science: was that Popperian, Kuhnian, or Lakatosian?
Jo Wolff@jowolff.bsky.social · 5mo agoPhilosophy of science: Scientists develop an intriguing hypothesis and devise an ingenious experiment to test whether it’s true. Science: Scientists have a vague hunch and work out a laborious and expensive trial and error strategy to see if anything at all has any effect in the general area.
Once upon a time there there were American Servicemen nowadays, from the recent White House briefing, we now have american warriors…
The immediate problem with AI in academic economics publishing isn't AI writing papers, it's AI writing referee reports for journals. economistwritingeveryday.com/2026/03/30/t...
The actual AI problem in academic economics
There is a steady flow of takes on the impact of AI on academic economics research, whether its the example of someone writing an ostensibly legitimate, if somewhat trite, research paper with only …
economistwritingeveryday.com
Hello! Today is THE LAST DAY to file a claim in Bartz v. Anthropic. GET YOUR MONEY! Check the works list to see if you are on it here: secure.anthropiccopyrightsettlement.com/lookup/ File a claim here: www.anthropiccopyrightsettlement.com/claim-form
..and this adds to the previously reposted paper: “This is not the end of dollar dominance, but it may be the beginning of a subtler, more plural financial order. The implications for the international system are profound.”
Hetan Shah@hetanshah.bsky.social · 7mo agoAnd see our new paper by Alexander Evans on the ‘Hollow Dollar’. Are we seeing the end of the period of dollar dominance as the weaponisation of the dollar has led to strategic responses from China, Russia and India which may fragment the financial system www.thebritishacademy.ac.uk/documents/60...
This is a fascinating analysis of the modern role of the dollar hegemony. It brings the interwar/postwar analysis of its rise up to date.
Hetan Shah@hetanshah.bsky.social · 7mo ago‘The more that other countries look to escape US financial coercion, the more the US will scale it up… The global dollar system may now be a source of instability rather than stability.’ Our new paper by @dsquareddigest.bsky.social & @himself.bsky.social www.thebritishacademy.ac.uk/documents/60...
Uk government backtracks on allowing AI copyright theft www.bbc.co.uk/news/article...
Government backtracks on AI and copyright after outcry
However, the government's position is now unclear, saying it
bbc.co.uk
Today is the 250 anniversary of Adam Smith's Wealth of Nations. I suggest that he is one of the least well understood early economists nakedkeynesianism.blogspot.com/2026/03/the-...
The Wealth of Nations at 250! Misunderstood icon of free markets
Today, March 9th, marks the 250th anniversary of the publication of The Wealth of Nations (WN) in 1776. Adam Smith may also be one of the m...
nakedkeynesianism.blogspot.com
Does anyone have a scanned copy of the introduction to TK Rymes ‘Keynes’s Lectures 1932-35’ ? It seems very hard to find, there are restrictions on the archive.org copies! Would be very grateful for sight of this to double check some details.
Internet Archive: Digital Library of Free & Borrowable Texts, Movies, Music & Wayback Machine
archive.org
Equally (more so outside the US) where government has gradually limited its own support and forced academia to seek alternative funding
Chanda Prescod-Weinstein 🌌@chanda.blacksky.app · 7mo agoEpstein’s economic power among academics was made possible by a capitalist system that makes higher education dependent on the charity economy rather than a public good supported by taxing the rich
While I have been preoccupied reporting on Kevin Warsh's Fed nomination, it seems the administration has proven me wrong about Minnesota. The president is not backing off and the assault on Minneapolis continues. Don't let it get lost in the blizzard of other news.
Can hardly believe what I'm seeing here. No doubt there'll be time to add some more insult to injury every day next week, like every day this week, but surely it can't go on forever.
Research Professional News@resprofnews.bsky.social · 7mo agoBREAKING: UKRI shelves physics infrastructure projects worth £280m Major international collaborations with Cern and US Department of Energy in jeopardy, as agency pulls back funds Scoop by @francesjones.bsky.social www.researchprofessionalnews.com/rr-news-uk-r...