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Joakim Book is an economics graduate of the University of Glasgow, and is currently a graduate student at the University of Oxford. He writes regularly at Life of an Econ Student.
Corporate WelfareMoney and Banks
Central bankers are panicking, and their solutions range from "buy everything that moves" to pushing interest rates even further into negative territory. Yet this doesn't seem to be helping much.
Other Schools of ThoughtPhilosophy and Methodology
Learning the history of economic thought is important not because every economist has been right, but because we can learn from their mistakes.
Financial MarketsMedia and CultureCalculation and Knowledge
It's possible for investors and entrepreneurs to make a lot of money in markets without understanding the economic theory behind their actions.
Philosophy and Methodology
Taleb maintains he’s a statistically-oriented orthodox economist. But I don’t think he understands what people mean by “orthodoxy.”
Philosophy and MethodologyValue and Exchange
Jeff Deist pithily describes Taleb’s prose as “Rothbard meets Hayek.” But Taleb shares some ideas in common with Ludwig von Mises as well.