Current Stiglitz discourse in the 1700s would be like “All I ever see Isaac Newton do is be wrong about alchemy. Can you name even one important idea he had?”
Being an econ student people expect me to be a lot more opiniated on econ issues than social ones, but most of the time my opinion on specific econ positions is "idk i haven't read enough about this"
🚨 NEW: The UK has officially signed up to rejoin the EU’s Erasmus+ scheme from 2027
It means students, apprentices and young people will be able to study and work across Europe
Development economics is in a bad spot because it has deemed it best to use atheoretical methods to answer small questions instead of structural models to answer major questions in macro-dev (the most important questions in the world). The methods it uses cost a huge amount of money to run and yet tell us very little about real structural change.
���My article on degrowth with Aleks Psurek and Ashruta Acharya is now online in Contemporary Economic Policy. We formalize the most well-known degrowth framework—the “doughnut” model—and test whether it generates its own predictions.
TLDR: it doesn’t. It fails. Miserably.