Author: Wamwara

Maybe Supply-Side Economics Deserves a Second Look

by Wamwara Wamwara 3,894 Comments

Since the Great Recession, macroeconomic discussion has been dominated by discussions of aggregate demand, and how to create more of it through monetary and fiscal policies. That has led to a strange state of affairs where those topics still dominate the debate, even though they’ve done the job economics expects of them.

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Data Geeks Are Taking Over Economics

by Wamwara Wamwara 4,194 Comments

For a few decades, economists used to imagine how the world works, write down a theory describing their idea, and call it a day. If some statisticians came along and found some support for the theory, well, great! But usually they didn’t, and that was fine too. As one old joke put it, if an idea worked in practice, economists would ask whether it worked in theory.

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