On the microeconomic foundations of macro stabilisation: The Hall-Woodford prize in historical perspective beatricecherrier.wordpress.com/2026/10/12/o...

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Any of you who believe that AI will make it needless to use money can send me all of yours, now.

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Et finalement c'est de la macro néokeynésienne qui remporte un nobel... comme souvent, au bout du compte.

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Great Books for Summer or Winter Reading: Thought-provoking, perhaps controversial, and definitely worth reading! Albert Hirschman, a creative thinker and pioneer of geoeconomics: "Albert O. Hirschman: An Intellectual Biography" by Michele Alacevich. amzn.to/4z1yN4z

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6/6 Still, as long as Beijing must finance economically non-viable projects, it's better to do so by explicitly taxing the rich, which won't much impact total demand, than by implicitly taxing the non-rich, which will. The problem comes when it runs out of financing options.

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