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Hacker NewsThe Paradoxical Efficient Market Hypothesis (2024)<a href="https://3quarksdaily.com/3quarksdaily/2024/09/the-paradoxical-efficient-market-hypothesis.html" rel="nofollow noopener" translate="no" target="_blank">https://3quarksdaily.com/3quarksdaily/2024/09/the-paradoxical-efficient-market-hypothesis.html</a><a href="https://mastodon.social/tags/HackerNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#HackerNews</a> <a href="https://mastodon.social/tags/ParadoxicalMarketHypothesis" class="mention hashtag" rel="nofollow noopener" target="_blank">#ParadoxicalMarketHypothesis</a> <a href="https://mastodon.social/tags/EfficientMarketTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EfficientMarketTheory</a> <a href="https://mastodon.social/tags/2024Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#2024Finance</a> <a href="https://mastodon.social/tags/InvestmentInsights" class="mention hashtag" rel="nofollow noopener" target="_blank">#InvestmentInsights</a> <a href="https://mastodon.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a>

Hacker NewsLife, Work, Death and the Peasant: Rent and Extraction<a href="https://acoup.blog/2025/09/12/collections-life-work-death-and-the-peasant-part-ivc-rent-and-extraction/" rel="nofollow noopener" translate="no" target="_blank">https://acoup.blog/2025/09/12/collections-life-work-death-and-the-peasant-part-ivc-rent-and-extraction/</a><a href="https://mastodon.social/tags/HackerNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#HackerNews</a> <a href="https://mastodon.social/tags/LifeWorkDeath" class="mention hashtag" rel="nofollow noopener" target="_blank">#LifeWorkDeath</a> <a href="https://mastodon.social/tags/Peasant" class="mention hashtag" rel="nofollow noopener" target="_blank">#Peasant</a> <a href="https://mastodon.social/tags/Rent" class="mention hashtag" rel="nofollow noopener" target="_blank">#Rent</a> <a href="https://mastodon.social/tags/Extraction" class="mention hashtag" rel="nofollow noopener" target="_blank">#Extraction</a> <a href="https://mastodon.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mastodon.social/tags/SocialCommentary" class="mention hashtag" rel="nofollow noopener" target="_blank">#SocialCommentary</a>

RaymondPierreL3There is only one way out of this mad run-away market-driven corporate capitalism and that is to ditch the debunked <a href="https://aus.social/tags/neoliberalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#neoliberalism</a> which permeates all economic debates. As Prof. Richard Murphy writes:“…one of the most persistent and damaging myths in economics is the so-called household analogy. This is the idea that the government's finances are like those of a household, meaning that it must "live within its means", balance its books, and cannot spend more than it can tax or borrow, with that borrowing itself being constrained by a so-called "fiscal rule", of which there are no such things.”Prof. Murphy describes the function of <a href="https://aus.social/tags/GovtExpenditure" class="mention hashtag" rel="nofollow noopener" target="_blank">#GovtExpenditure</a>, the role of <a href="https://aus.social/tags/Taxation" class="mention hashtag" rel="nofollow noopener" target="_blank">#Taxation</a> and who wields power (holds the levers - separation of fiscal and monetary responsibilities aside) in an economy. An understanding of these basic principles is key to any meaningful discussion on progressive policy agenda aimed at the social good and the essential needs for strong democratic institutions. <a href="https://aus.social/tags/FiscalPolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#FiscalPolicy</a> <a href="https://aus.social/tags/FiscalBudget" class="mention hashtag" rel="nofollow noopener" target="_blank">#FiscalBudget</a> <a href="https://aus.social/tags/BoE" class="mention hashtag" rel="nofollow noopener" target="_blank">#BoE</a> <a href="https://aus.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://aus.social/tags/BalancedBudgets" class="mention hashtag" rel="nofollow noopener" target="_blank">#BalancedBudgets</a> <a href="https://aus.social/tags/TaxSystem" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxSystem</a> <a href="https://aus.social/tags/CorporateCapitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#CorporateCapitalism</a> <a href="https://aus.social/tags/EatTheRich" class="mention hashtag" rel="nofollow noopener" target="_blank">#EatTheRich</a> <a href="https://aus.social/tags/JoinYourUnion" class="mention hashtag" rel="nofollow noopener" target="_blank">#JoinYourUnion</a> <a href="https://aus.social/tags/Antifa" class="mention hashtag" rel="nofollow noopener" target="_blank">#Antifa</a> Read more:<a href="https://www.taxresearch.org.uk/Blog/2025/08/11/why-the-household-analogy-in-economics-is-wrong/" rel="nofollow noopener" translate="no" target="_blank">https://www.taxresearch.org.uk/Blog/2025/08/11/why-the-household-analogy-in-economics-is-wrong/</a>

Hacker NewsMercantilism<a href="https://en.wikipedia.org/wiki/Mercantilism" rel="nofollow noopener" translate="no" target="_blank">https://en.wikipedia.org/wiki/Mercantilism</a><a href="https://mastodon.social/tags/HackerNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#HackerNews</a> <a href="https://mastodon.social/tags/Mercantilism" class="mention hashtag" rel="nofollow noopener" target="_blank">#Mercantilism</a> <a href="https://mastodon.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mastodon.social/tags/History" class="mention hashtag" rel="nofollow noopener" target="_blank">#History</a> <a href="https://mastodon.social/tags/TradePolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#TradePolicy</a> <a href="https://mastodon.social/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#Finance</a>

RedNirgal<a href="https://mastodon.social/tags/Capitalists" class="mention hashtag" rel="nofollow noopener" target="_blank">#Capitalists</a> understand and accept <a href="https://mastodon.social/tags/Marx" class="mention hashtag" rel="nofollow noopener" target="_blank">#Marx</a> and his <a href="https://mastodon.social/tags/economicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#economicTheory</a> more than what they think or want to admit. They know very well that <a href="https://mastodon.social/tags/machines" class="mention hashtag" rel="nofollow noopener" target="_blank">#machines</a> can't and don't create <a href="https://mastodon.social/tags/profit" class="mention hashtag" rel="nofollow noopener" target="_blank">#profit</a>. Only <a href="https://mastodon.social/tags/humanlabour" class="mention hashtag" rel="nofollow noopener" target="_blank">#humanlabour</a> produces profit.<a href="https://mastodon.social/tags/Automation" class="mention hashtag" rel="nofollow noopener" target="_blank">#Automation</a> and <a href="https://mastodon.social/tags/AI" class="mention hashtag" rel="nofollow noopener" target="_blank">#AI</a> will <a href="https://mastodon.social/tags/free" class="mention hashtag" rel="nofollow noopener" target="_blank">#free</a> <a href="https://mastodon.social/tags/humans" class="mention hashtag" rel="nofollow noopener" target="_blank">#humans</a> from certain kinds of <a href="https://mastodon.social/tags/labour" class="mention hashtag" rel="nofollow noopener" target="_blank">#labour</a> only when we abandon capitalism and the chase of profit.<a href="https://time.com/6247678/openai-chatgpt-kenya-workers/" rel="nofollow noopener" translate="no" target="_blank">https://time.com/6247678/openai-chatgpt-kenya-workers/</a>

Sophie 🏳️‍⚧️ 💜 🎹 🪗I asked for a pint of estrogen at the pharmacy, but this is all they gave me. Is this a sign of a looming recession? <a href="https://glammr.us/tags/trans" class="mention hashtag" rel="nofollow noopener" target="_blank">#trans</a> <a href="https://glammr.us/tags/estrogen" class="mention hashtag" rel="nofollow noopener" target="_blank">#estrogen</a> <a href="https://glammr.us/tags/recession" class="mention hashtag" rel="nofollow noopener" target="_blank">#recession</a> <a href="https://glammr.us/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://glammr.us/tags/PintOfEstrogen" class="mention hashtag" rel="nofollow noopener" target="_blank">#PintOfEstrogen</a>

StrypeyBank economist inadvertently admits that neoclassical economic theory has little to do with reality:"Good to see the economic theory playing out in reality, for once."<a href="https://mastodon.nzoss.nz/tags/KelvinDavidson" class="mention hashtag" rel="nofollow noopener" target="_blank">#KelvinDavidson</a>, Chief Property Economist, <a href="https://mastodon.nzoss.nz/tags/Corelogic" class="mention hashtag" rel="nofollow noopener" target="_blank">#Corelogic</a><a href="https://www.rnz.co.nz/national/programmes/morningreport/audio/2018884737/house-prices-dropping-but-still-30pct-higher-than-pre-pandemic" rel="nofollow noopener" target="_blank">https://www.rnz.co.nz/national/programmes/morningreport/audio/2018884737/house-prices-dropping-but-still-30pct-higher-than-pre-pandemic</a><a href="https://mastodon.nzoss.nz/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://mastodon.nzoss.nz/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mastodon.nzoss.nz/tags/NeoClassical" class="mention hashtag" rel="nofollow noopener" target="_blank">#NeoClassical</a> <a href="https://mastodon.nzoss.nz/tags/banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#banking</a>

MateoInteresting take on Hayek with which I wholeheartedly agree, that were it not for his crass right-wing personal politics his economic philosophy might well have been embraced by hippies.<a href="https://mapstodon.space/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mapstodon.space/tags/libertarianism" class="mention hashtag" rel="nofollow noopener" target="_blank">#libertarianism</a> <a href="https://mapstodon.space/tags/BookReview" class="mention hashtag" rel="nofollow noopener" target="_blank">#BookReview</a> <a href="https://www.lrb.co.uk/podcasts-and-videos/podcasts/the-lrb-podcast/the-hayek-puzzle" rel="nofollow noopener" target="_blank">https://www.lrb.co.uk/podcasts-and-videos/podcasts/the-lrb-podcast/the-hayek-puzzle</a>

Daniel MackisackOn the creative vacuum of leadership, the senseless occupation of humanity...and what we all might do next."Economies and entire civilizations have been built around whatever gives people more stuff to do. But just doing stuff, isn’t enough."<a href="https://mstdn.social/tags/Economics" class="mention hashtag" rel="tag">#Economics</a> <a href="https://mstdn.social/tags/Capitalism" class="mention hashtag" rel="tag">#Capitalism</a> <a href="https://mstdn.social/tags/Violence" class="mention hashtag" rel="tag">#Violence</a> <a href="https://mstdn.social/tags/BoredApes" class="mention hashtag" rel="tag">#BoredApes</a> <a href="https://mstdn.social/tags/Socialism" class="mention hashtag" rel="tag">#Socialism</a> <a href="https://mstdn.social/tags/JobCreation" class="mention hashtag" rel="tag">#JobCreation</a> <a href="https://mstdn.social/tags/SocialTheory" class="mention hashtag" rel="tag">#SocialTheory</a> <a href="https://mstdn.social/tags/EconomicTheory" class="mention hashtag" rel="tag">#EconomicTheory</a> <a href="https://mstdn.social/tags/Automation" class="mention hashtag" rel="tag">#Automation</a> <a href="https://mstdn.social/tags/BasicIncome" class="mention hashtag" rel="tag">#BasicIncome</a> <a href="https://mstdn.social/tags/Creativity" class="mention hashtag" rel="tag">#Creativity</a> <a href="https://mstdn.social/tags/History" class="mention hashtag" rel="tag">#History</a> <a href="https://mstdn.social/tags/Inequality" class="mention hashtag" rel="tag">#Inequality</a><a href="https://medium.com/best-guess/bored-apes-2ef3be50cf0e" target="_blank" rel="nofollow noopener" translate="no">https://medium.com/best-guess/bored-apes-2ef3be50cf0e</a>

DTCochrane<a href="https://econtwitter.net/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> must account for <a href="https://econtwitter.net/tags/power" class="mention hashtag" rel="nofollow noopener" target="_blank">#power</a>.

Marciano Siniscalchi 🇺🇦Really happy to see this paper published: <a href="https://econtheory.org/ojs/index.php/te/article/view/20221619" rel="nofollow noopener" target="_blank">https://econtheory.org/ojs/index.php/te/article/view/20221619</a>Two reasons. First, a number of (IMHO) important recent papers are finally unlocking the potential of epistemic game theory to push the frontier beyond equilibrium in significant economic applications. This paper definitely belongs to this category.Second, Luciano Pomatto was my student back in the day, and I had a lot of fun learning from him. Congrats! And someone please get him on 🐘 <a href="https://econtwitter.net/tags/econtwitter" class="mention hashtag" rel="nofollow noopener" target="_blank">#econtwitter</a> <a href="https://econtwitter.net/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a>

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