Marx didn’t name Amazon—but his theory saw its downfall coming. When profit rates fall and capital centralizes, giants like Amazon turn automation and logistics into overproduction machines. ASW’s collapse? Classic crisis of capital contradictions playing out. #Marxism #Amazon #EconTheory #ASWOutage
Can time inconsistency lead to chaotic equilibria or complex cycles? I explore this question using a simple model of dynamic policymaking. #TimeInconsistency #ChaosTheory #EconTheory econtheory.org/ojs/index.ph...
A great conference by @LeuvenEconomics with an excellent lineup of invited speakers in a beautiful and easily-accessible town! Submit your paper!
#econtheory #macroeconomics #labourecon #publicecon #econometrics
feb.kuleuven.be/leuvensummer...
The Macro Impact of Unemployment Benefits: #notmuch, despite #econtheory. Clever research design www.minneapolisfed.org/publications/the-region/... via @MinneapolisFed
