Explore the principles of mainstream economics, its origins in neoclassical thought, and criticisms from heterodox theories. Discover how it impacts economic policies.

In his November 7, 2023 New York Times newsletter, the economist Paul Krugman asks a good, albeit belated, question: Why did so many economists get the inflation outlook wrong? After all, the ...

For two centuries, mainstream economics has promised that abstract models and free markets would deliver prosperity, ...

Forbes contributors publish independent expert analyses and insights. I write about 21st century leadership, Agile, innovation & narrative. According to the Wikipedia article on the subject of ...

There is nothing so reactionary that most mainstream economists will not fervently advocate it. [cartoon from google images] If you read The New York Times – not that I recommend it – you might have ...

Journal of Post Keynesian Economics, Vol. 32, No. 1 (Fall, 2009), pp. 137-150 (14 pages) The starting point of this paper is the question of how to explain mainstream economics' great level of ...

Explore how happiness economics measures individual satisfaction through surveys, analyzing economic factors like income, employment, and their impact on well-being.

Mainstream economics consistently fails to predict the future. I’m talking about those ‘schools’ of mis-thought, ranging from Paul Krugman on the ‘left’ to Glenn Hubbard and other apologists of ...

The biggest critics of “mainstream economics” is generally, well, other mainstream economists….This, in my view, is a big problem because the so-called experts don’t even really agree on how the ...

The hard core of neoclassical economics (general equilibrium, rational expectations macroeconomics, and endogenous growth models) is essentially mistaken because it adopts a hypothetical-deductive ...