At last, a new Econ 101 textbook

The cover of Atlas Shrugged; Atlas has been replaced by a gold-colored version of MAD Magazine’s Alfred E Neuman, shrugging.

Neoclassical economics is a hell of a drug. It has no theory of prices, no account of inflation, and its models all presume the existence of a perfectly rational “homo economicus” who is a “utility maximizer” with perfect information.

Even the Queen is wise to the scam, grilling Bank of England economists over…

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