Inherent Vice of Capitalism: Churchill’s Take on Socialism Inherent vice of capitalism, Churchill said, is unequal blessings—while socialism's virtue is the equal sharing of misery.

This quote speaks to today too. We still fight about money, fairness, and systems. Churchill reminds us: every choice has a cost.
#WinstonChurchillQuote #EconomicThought
quotes.thisgrandpablogs.com/inherent-vic...

#rationality across time and scales, such as the circulation of #boundedRationality and the emergence of #behavioralEconomics."

#llm #het #EconomicThought

orig https://fediscience.org/@davdittrich/115907388065860042 2/2

How America went money mad There’s a kind of nausea or vertigo I get when confronted by an extremely large number. Kant called it the mathematical sublime, the terror before something that is “large beyond all comparison”. At a certain point numbers start expanding out beyond any ordinary experience of the world. I can eat three apples; three million apples […] The post How America went money mad first appeared on Notisia 365.

How America went money mad #MoneyMadness #EconomicThought #FinancialLiteracy #WealthInequality #Consumerism

Within and Between The Great Global Transformation: National Market Liberalism in a Multipolar World, Branko Milanovic, 2025.

“As anyone who picked up his excellent Visions of Inequality is well aware, #Milanovic also moonlights as a historian of #economicthought, and much of The Great Global Transformation is #intellectualhistory.” open.substack.com/pub/unevenan...

A fresh perspective on innovation in a post-Schumpeterian world—key insights for today’s economic transformation.
👉 www.cadmusjournal.org/article/volu...

#EconomicThought #InnovationStudies

Kenneth Arrow’s fundamental critique of neoclassical economics The paper presents Kenneth Arrow’s interpretation of the competitive general equilibrium model, arguing he used it to articulate an ambitious critique of what he called the ‘neoclassical theory.’ W...

Take a read,Yam Maayan Yershoron, 2023-2025 HOPE Visiting Scholar published "Kenneth Arrow’s Fundamental Critique of Neoclassical Economics" in The Journal of Economic Methodology. Enjoy
www.tandfonline.com/eprint/ZHGWA...
#econsky #economicthought

Inherent Vice of Capitalism: Churchill’s Take on Socialism Inherent vice of capitalism, Churchill said, is unequal blessings—while socialism's virtue is the equal sharing of misery.

This quote speaks to today too. We still fight about money, fairness, and systems. Churchill reminds us: every choice has a cost.
#WinstonChurchillQuote #EconomicThought

*Yawns*

In his "Living #Economics", die-hard Austrian Peter Boettke all but declares war on #Keynesian thought which he singles out as "bad economics" - while betraying the very fundamental misunderstanding about #monetaryeconomics typical for Austrians: thread 🧵
#EconomicThought