Evonomics.com
@evonomics
The Next Evolution of Economics
Economist Joseph Stiglitz: "We have a political system that gives inordinate power to those at the top, and they have used that power not only to limit the extent of redistribution but also to shape the rules of the game in their favor, and to extract from the public.” evonomics.com/nobel-prize-...
Economist Arindrajit Dube tested the minimum wage effect by comparing neighboring counties with nearly identical economies but different minimum wage laws. The result? Higher wages—with no statistically significant job losses. Read the paper here: irle.berkeley.edu/publications...
Biologist David Sloan Wilson: "Let there be no more talk of unfettered competition as a moral virtue. Cooperative social life requires regulation. Regulation comes naturally for small human groups but must be constructed for large human groups." Archive pick: evonomics.com/death-invisi...
"Researchers often think they’re studying “Homo sapiens“, but actually they’re studying a particularly peculiar form of cultural psychology." Read more: evonomics.com/scientists-d...
"In 1930, the British economist John Maynard Keynes predicted that, by the end of the century, the average workweek would be about 15 hours. Keynes turned out to be right about increased automation...But he was wrong about the decline of work." Read more: evonomics.com/less-work-jo...
"The rate of GDP growth is obviously important in a world where billions of people still live in dire poverty. But some of the most important economic questions today are about how to achieve a particular type of growth." Read more: evonomics.com/value-of-eve...
Nobel Prize-winning economist Joseph Stiglitz says Milton Friedman created a destructive economic ideology. 📷Listen to him on @pitchforkeconomics.bsky.social podcast: bit.ly/NewStiglitz
Zillionaire @nickhanauer.bsky.social exposes one of the core lies of neoliberal capitalism: you are worth what you are paid. Watch more at @TheDiaryOfACEO.
Nobel Laureate Economist Angus Deaton: "Inequality has risen not only due to wealth generation from innovation or creation, but also through upward transfers from workers. It is not inequality itself that is hurting people, but the mechanisms of enrichment." Read more: evonomics.com/nobel-econom...
Ogilvy Vice Chairman @rorysutherland.bsky.social knows that Friedman, Hayek, Stiglitz, and Krugman have all expressed support for taxing the value of land. A land value tax is one of the rare policy ideas that draws support across the ideological spectrum. Read more: evonomics.com/how-to-stop-...
Lawyer and author Eric Liu says we've been told the rich are the "job creators." But businesses don't hire because wealthy people get richer—they hire because customers are buying. A strong middle class creates the demand that creates the jobs. Read more evonomics.com/traditional-...
Historian @rutgerbregman.com: "How is it possible that all those agents of prosperity – the teachers, the police officers, the nurses – are paid so poorly, while the unimportant, superfluous, and even destructive shifters do so well?" Read more evonomics.com/why-garbage-...
Where in the world Is It easiest to get rich? It turns out that Scandinavia is a better place to fulfill the American dream. Read more: evonomics.com/where-in-the...
Economist @mazzucatom.bsky.social explains why standard economics fails to recognize parasitic business practices—and why it struggles to show how to build an economy that works for everyone.
How Mexico beat neoliberalism. Watch the full video at @pitchforkeconomics.bsky.social: youtube.com/watch?v=Zx_x... @nickhanauer.bsky.social @claudiasheinbaum.bsky.social
Economist Joseph Stiglitz debunks the myth that Adam Smith would support free-market libertarianism. Read more: evonomics.com/joseph-stigl...
A new booklet by @nickhanauer.bsky.social and Eric Beinhocker "Markets Built for Humans" is about replacing neoliberalism with an economics built on how the economy actually works, and what it's actually for. marketsbuiltforhumans.org
Economist @blairfix.bsky.social presents striking historical data showing the rise of extreme inequality following Republican control of state legislatures. Read more: economicsfromthetopdown.com/.../partisan...
Economist @blairfix.bsky.social presents striking historical data showing the rise of extreme inequality following Republican control of state legislatures. Read more: economicsfromthetopdown.com/.../partisan...
Longer-term perspective on the rise of US oligarchy. Chart from Economist @gabrielzucman.bsky.social. Sources in comments.
Author Steve Roth: "If you’re thinking that they “deserve” all that wealth and all that income just for owning stuff, because they’re “makers,” think again: between 50% and 70% of U.S. household wealth is “earned” the old-fashioned way: it’s inherited." Read more: evonomics.com/insanely-con...
Billionaire "class traitor" @nickhanauer.bsky.social says powerful people massively benefit from a system that tells everyone else that there is some scientific law that says raising their wages will hurt them more than it will help them. Read more: evonomics.com/how-to-destr...
Both Pope Francis and economist @mazzucatom.bsky.social are highly critical of neoliberal forms of capitalism that have concentrated wealth in the hands of a few at the expense of the great majority of people." Read more: international.la-croix.com/news/ethics/...
The economic evidence is clear: electing Republicans leads to increasing income and power concentration in fewer hand. Blair Fix presents striking historical data showing the rise of extreme inequality following Republican control of state legislatures. economicsfromthetopdown.com/2025/01/31/p...
Author Steve Roth: "If you’re thinking that they “deserve” all that wealth and all that income just for owning stuff, because they’re “makers,” think again: between 50% and 70% of U.S. household wealth is “earned” the old-fashioned way: it’s inherited." Read more: evonomics.com/insanely-con...
Longer-term perspective on the rise of US oligarchy. Source: Economist Gabriel Zucman
It makes moral and economic sense to tax rent-seeking. Read more: evonomics.com/a-tax-that-l...
Economist Eric Beinhocker and venture capitalist Nick Hanauer: "This “difference principle” helps makes clear why open and fair markets, diversity, and inclusive institutions are signal features of successful economies." Read more: evonomics.com/redefining-c...
Economist Geoffrey Hodgson: "Adam Smith is said to be the founder of modern economics. Yet, contrary to a widespread view, Smith regarded individuals as driven by moral motives as well as self-interest." Read more: evonomics.com/smith-and-da...
Author Steve Roth: “And in the U. S., roughly 60% of that wealth itself — the stuff that accrues income to owners, just for existing — is earned the old-fashioned way: it’s inherited.” Read more: evonomics.com/capitals-sha...