Posted in Economics

On Experts (Long Post)

There’s been quite a bit made lately of the fact that Michael Gove has said that that “British people are sick of experts”. Of course, the reaction has been swift and ruthless, and as always, extended to the point of absurdity. (I’ve always found it interesting that people who attempt to … Continue reading →

On Animal Spirits

Here's the thing with Keynesian economics: animal spirits, like regular animals, sometimes come back to bite you. Keynes chose to believe that humans worked based on "a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits … Continue reading →