If you are a regular reader of these missives, you will know that I hardly ever write about models and theories. This is because I think that economics and finance theory is so full of errors and holes as to make it almost useless for practical purposes. Instead, prefer to look at the world as it is, not as it should be or as economists model it.
Illuminating economics’ biggest error
Illuminating economics’ biggest error
Illuminating economics’ biggest error
If you are a regular reader of these missives, you will know that I hardly ever write about models and theories. This is because I think that economics and finance theory is so full of errors and holes as to make it almost useless for practical purposes. Instead, prefer to look at the world as it is, not as it should be or as economists model it.