Michael Roberts explains how mainstream economic theory fails to explain inflation, in the first part of a series introducing ...

String theory is having trouble producing inflation – the rapid expansion of space thought to have occurred in the early universe – at least in some of the theory’s simplest incarnations, according to ...

Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...

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In an increasingly digital environment where data and advanced analytics challenge traditional economic modeling, the Bank of England is applying a fusion of machine learning (ML) with economic theory ...

The latest inflation number is an improvement on paper but is unlikely to represent much of a change in Americans’ perception of the economy. Unfortunately for demagogues of both parties, there is no ...