I have just been reading an interesting article by Paul Krugman. Partly it is a discussion of The Theory of Comparative Advantage (yes, I had to look it up, embarrassingly: try this if you do too) and how poorly understood it is; but partly it is an (understandable) cri de coeur about the failure of [...]
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Complexity, Economic Theory, Financial Models
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David
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So yet again we have an egregious rise in fares on public transport. Who do we blame for the absurd state of affairs in our public transport system? Those who set the rules. Tony, Gordon, and Stephen (Ladyman – yes, I know no one has heard of him — he’s only Minister of Transport — [...]
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Tony Blair, Transport Policy
by
David
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