There are recent examples in this vein. Chen and Ward (2019) use a fairly standard macroeconomic approach to understand why economies under the gold standard (i.e., fixed exchange rates) responded to external shocks with little output loss. They include several possible channels (flexible prices...
“People need a framework for making sense of the world,” Daniel says, and in this blog post, we'll explore the framework he proposes for cultivating true wealth — one that goes beyond the balance sheet and into the very heart of what it means to live a rich and fulfilling life. The...
The history of Physics in the 20th century provides some good examples in the “ideas” realm. Pushing the rough analogy as far as it can go – it seems that, right now, Economics is in an “idea bubble”. I await the eventual correction and your eventual huge payoff. At least, I ...