Neoclassical Growth Model

Luigi Zingales’ COVID Zombie Attack

Too often, entrepreneurs and managers use the threat of massive layoffs to secure large, unwarranted subsidies. After the COVID-19 pandemic, workers should decide whether such assistance is warranted. CHICAGO – As Western economies emerge from the COVID-19 crisis, banks and governments are facing a new problem: how to deal with …

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Economic orthodoxy blocks progress on climate change

With its fixation on equilibrium thinking and an exclusive focus on market factors that can be accurately measured, neoclassical orthodoxy in economics is fundamentally ill-equipped to deal with today’s biggest problems. The change within the discipline is underway, but it cannot come quickly enough Nowhere are the limits of neoclassical …

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