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What is Complexity Economics?
What distinguishes "complexity economics"? W. Brian Arthur offers a short readable overview in "Foundations of complexity economics" (Nature Reviews Physics 3: 136–145, 2021).
New Rules for Workers in the Gig Economy
US labor law divides workers into "employees," who are entitled to the coverage of certain laws like those relating to workers’ compensation, overtime pay, and the right to unionize, and "independent contractors" who are not covered by these laws.
Do Riskier Jobs Get Correspondingly Higher Pay?
The idea of a "compensating differential" is conceptually straightforward.
Economic Research Becomes a Team Sport
Coauthorship of economic research has risen considerably, and it's probably past time to think more seriously about the tradeoffs involved.
Inflation, Money And Supply Bottlenecks
“The constant refinancing of debt from companies of doubtful viability also leads to the perpetuation of overcapacity because a key process for economic progress, such as creative destruction, is eliminated or limited”.
Can Policy Tame Credit Cycles?
There's an often-told story about why economies go through cycles of boom and bust that goes like this.
First In, First Out – China as a Leading Indicator
· China was the first country to recover from the Covid-19 pandemic
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