Dadanomics: economics is not a science. Is it?
As usual, the awarding of the Nobel prize to Angus Deaton has reopened the long-lasting debate about the ‘scientificity’ of social sciences, particularly economics. On one side, stand most mainstream economists, who<a class="moretag" href="https://www.marcopassarella.it/en/dadanomics-why-economics-is-not-a-science-is-it/">Read More...</a>
Talking about poverty is fine, but…
Talking about poverty is fine and, yes, I am pretty happy with the recent Nobel prize in economic sciences, Angus Deaton. However, I keep on thinking that those who really care about income<a class="moretag" href="https://www.marcopassarella.it/en/talking-about-poverty-is-fine-but/">Read More...</a>
Financialisation and the monetary circuit
The article that Malcolm Sawyer and I wrote for the Metroeconomica‘s special issue on Augusto Graziani‘s economic thought is now available online. It is a spinoff of the FESSUD project. We pay<a class="moretag" href="https://www.marcopassarella.it/en/financialisation-and-the-monetary-circuit/">Read More...</a>
Waterloo-economics
Many of us have always suspected that there was a long-lasting, though intermittent and underground, relationship between economics (or at least some of its theorists) and psychedelia. Think of the Ricardian ‘opium-eater’ Thomas<a class="moretag" href="https://www.marcopassarella.it/en/waterloo-economics/">Read More...</a>
Adam Smith and ‘Neoliberalism’
So tomorrow I will be introducing Adam Smith to my students. Interestingly enough, Smith is usually regarded as the founding father of laissez faire in economy policy. No doubt, he was a<a class="moretag" href="https://www.marcopassarella.it/en/adam-smith-and-neoliberalism/">Read More...</a>
The importance of teaching the History of Economic Thought
The importance of the history of economic thought, i.e. of the study of the historical evolution of different paradigms in economics: that was the topic of my introductory lecture today. Odd though<a class="moretag" href="https://www.marcopassarella.it/en/the-importance-of-teaching-the-history-of-economic-thought/">Read More...</a>
LUBS Economics Seminar Series
The LUBS economics seminar series is starting soon. Click here to download the PDF schedule.
Matrix reloaded
In 2010, when I opened up my website, Apple was launching the iPad, and the eruption of an Icelandic volcano was generating the blackout of the European flight lines. The Spain won<a class="moretag" href="https://www.marcopassarella.it/en/matrix-reloaded-2/">Read More...</a>
Why Marxianomics?
Of course, the heading is not a coincidence. Although currently I deal mainly with macroeconomics and monetary economics (I guess I could be labelled a ‘post Keynesian‘), Karl Marx is still my<a class="moretag" href="https://www.marcopassarella.it/en/restyling-test/">Read More...</a>