Evonomics.com
@evonomics.bsky.social
The Next Evolution of Economics
"Smith did talk about the invisible hand. But he also wrote about the “invisible chains” that structure people’s lives. He & his revolutionary friends understood that wealth inequality could become a type of invisible cage. He taught his readers a simple lesson: keep the power of the rich in check."
Capitalism's Case for Abolishing Billionaires - Evonomics
Adam Smith wanted to keep the power of the rich in check.
evonomics.com
June 30, 2025 at 1:23 AM
"Smith did talk about the invisible hand. But he also wrote about the “invisible chains” that structure people’s lives. He & his revolutionary friends understood that wealth inequality could become a type of invisible cage. He taught his readers a simple lesson: keep the power of the rich in check."
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/...
March 9, 2025 at 4:09 PM
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/...
Reposted by Evonomics.com
Stock buybacks are one of the biggest scams in economic history—yet most people don’t know they exist. That’s why we made Trillion Dollar Heist, a comic that breaks it all down: buff.ly/4b9VvMl
Whatâ€�s the biggest corporate scam YOU think people should know about? Leave your reply in the comments 👇
March 2, 2025 at 4:57 PM
Stock buybacks are one of the biggest scams in economic history—yet most people don’t know they exist. That’s why we made Trillion Dollar Heist, a comic that breaks it all down: buff.ly/4b9VvMl
Whatâ€�s the biggest corporate scam YOU think people should know about? Leave your reply in the comments 👇
Reposted by Evonomics.com
If the dominant economic paradigm of our time is built on false assumptions about the nature of humans and societies, is it possible to fix it by tinkering with policies and laws?
Or would we be better off to build a new paradigm, based on reality?
evonomics.com/announcing-a...
#sustainability
Or would we be better off to build a new paradigm, based on reality?
evonomics.com/announcing-a...
#sustainability
Announcing a New Paradigm for Economics and Beyond - Evonomics
One thousand critiques of neoclassical economics are not going to be effective unless the critiques hang together.
evonomics.com
February 22, 2025 at 2:25 PM
If the dominant economic paradigm of our time is built on false assumptions about the nature of humans and societies, is it possible to fix it by tinkering with policies and laws?
Or would we be better off to build a new paradigm, based on reality?
evonomics.com/announcing-a...
#sustainability
Or would we be better off to build a new paradigm, based on reality?
evonomics.com/announcing-a...
#sustainability
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...
February 14, 2025 at 3:39 AM
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...
Reposted by Evonomics.com
In 2023 alone, the 19 richest American families captured a full 1% of US wealth — up from 1.2% to 2.2%.
US household total assets: $180T. So ~$1.8T went to 19 families: ~$100B each. Received for just…owning stuff.
$100B is a stack of hundred-dollar bills 68 miles high.
bsky.app/profile/stev...
US household total assets: $180T. So ~$1.8T went to 19 families: ~$100B each. Received for just…owning stuff.
$100B is a stack of hundred-dollar bills 68 miles high.
bsky.app/profile/stev...
Longer-term perspective on the rise of US oligarchy
February 5, 2025 at 3:45 PM
In 2023 alone, the 19 richest American families captured a full 1% of US wealth — up from 1.2% to 2.2%.
US household total assets: $180T. So ~$1.8T went to 19 families: ~$100B each. Received for just…owning stuff.
$100B is a stack of hundred-dollar bills 68 miles high.
bsky.app/profile/stev...
US household total assets: $180T. So ~$1.8T went to 19 families: ~$100B each. Received for just…owning stuff.
$100B is a stack of hundred-dollar bills 68 miles high.
bsky.app/profile/stev...
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...
February 6, 2025 at 1:44 AM
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
Source: Economist Gabriel Zucman
February 4, 2025 at 12:12 PM
Longer-term perspective on the rise of US oligarchy.
Source: Economist Gabriel Zucman
Source: Economist Gabriel Zucman
Biologist David Sloan Wilson: "Ricardo's dream was to discover economic laws as universal and mathematically tractable as Newton’s laws of motion. He became so mesmerized by his models that he gave them priority over the more complicated real world—just like the neoclassical economists of today."
Curing Economics’ Addiction to Unreal Theories - Evonomics
A Review of Ricardo’s Dream, by Nat Dyer
evonomics.com
January 29, 2025 at 1:59 PM
Biologist David Sloan Wilson: "Ricardo's dream was to discover economic laws as universal and mathematically tractable as Newton’s laws of motion. He became so mesmerized by his models that he gave them priority over the more complicated real world—just like the neoclassical economists of today."
Reposted by Evonomics.com
Interesting paper on the thought of Ibn Khaldun (1332-1406), precursor of Keynesian economics, neglected figure of the history of economic thought – the “stepfather of economics” – by @evonomics.bsky.social.
evonomics.com/amazing-nort...
evonomics.com/amazing-nort...
The Amazing Arab Scholar Who Beat Adam Smith by Half a Millennium - Evonomics
Neoclassical economists created a false narrative of the history of economics.
evonomics.com
January 27, 2025 at 2:46 PM
Interesting paper on the thought of Ibn Khaldun (1332-1406), precursor of Keynesian economics, neglected figure of the history of economic thought – the “stepfather of economics” – by @evonomics.bsky.social.
evonomics.com/amazing-nort...
evonomics.com/amazing-nort...
It makes moral and economic sense to tax rent-seeking. Read more: evonomics.com/a-tax-that-l...
January 26, 2025 at 12:43 AM
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...
January 23, 2025 at 9:23 PM
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...
Reposted by Evonomics.com
Neoliberalism promised a rising tide that would lift all boats, but the 2008 financial crash exposed the truth: it wasn’t a rising tide — it was a zero-sum game, where gains for the few came at the expense of the many.
Listen to @glgerstle.bsky.social explain on this week’s pod: bit.ly/GaryGerstle
Listen to @glgerstle.bsky.social explain on this week’s pod: bit.ly/GaryGerstle
January 17, 2025 at 10:01 PM
Neoliberalism promised a rising tide that would lift all boats, but the 2008 financial crash exposed the truth: it wasn’t a rising tide — it was a zero-sum game, where gains for the few came at the expense of the many.
Listen to @glgerstle.bsky.social explain on this week’s pod: bit.ly/GaryGerstle
Listen to @glgerstle.bsky.social explain on this week’s pod: bit.ly/GaryGerstle
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...
January 18, 2025 at 1:50 PM
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...
January 18, 2025 at 1:35 PM
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...
Read more by Tim O’Reilly: evonomics.com/rewrite-the-...
January 15, 2025 at 12:11 PM
Read more by Tim O’Reilly: evonomics.com/rewrite-the-...
The dumbest business idea ever: maximizing shareholder value. Read "Why the Pursuit of Shareholder Value Kills Innovation" by Economist Chris Dillow: evonomics.com/pursuit-shar... [Credit Cartoon by Jonesy]
January 14, 2025 at 1:19 PM
The dumbest business idea ever: maximizing shareholder value. Read "Why the Pursuit of Shareholder Value Kills Innovation" by Economist Chris Dillow: evonomics.com/pursuit-shar... [Credit Cartoon by Jonesy]
Don’t wait for global politics to fix climate change – we can do it ourselves: evonomics.com/woman-nobel-...
January 12, 2025 at 7:03 PM
Don’t wait for global politics to fix climate change – we can do it ourselves: evonomics.com/woman-nobel-...
"Building on a decade of work by the Rethinking Economics student movement and with input from some 150 professors throughout the field, we have created a toolkit to design such programs: Economy Studies." evonomics.com/new-ways-to-... @rethinkecon.bsky.social
New Ways to Teach Economics - Evonomics
Our world is much too complex to be effectively understood by just one type of economist.
evonomics.com
January 11, 2025 at 5:43 PM
"Building on a decade of work by the Rethinking Economics student movement and with input from some 150 professors throughout the field, we have created a toolkit to design such programs: Economy Studies." evonomics.com/new-ways-to-... @rethinkecon.bsky.social
Professor Amitai Etzioni: "What is needed is a systematic pro-social economics, that combines appreciation for the common good and for others as well as for the service of self." Read more: evonomics.com/how-learning...
January 10, 2025 at 1:52 AM
Professor Amitai Etzioni: "What is needed is a systematic pro-social economics, that combines appreciation for the common good and for others as well as for the service of self." Read more: evonomics.com/how-learning...
Economist Blair Fix: "Inflation is not purely a ‘monetary’ phenomenon. Inflation redistributes income." Read more: evonomics.com/the-truth-ab...
January 8, 2025 at 2:15 PM
Economist Blair Fix: "Inflation is not purely a ‘monetary’ phenomenon. Inflation redistributes income." Read more: evonomics.com/the-truth-ab...
Historian @rutgerbregman.bsky.social: "Anybody who fears mass unemployment underestimates capitalism’s extraordinary ability to generate new useless jobs." evonomics.com/doubt-capita...
January 7, 2025 at 1:28 PM
Historian @rutgerbregman.bsky.social: "Anybody who fears mass unemployment underestimates capitalism’s extraordinary ability to generate new useless jobs." evonomics.com/doubt-capita...
Author Yves Smith: "Short-termism, underinvestment, and a preoccupation with image management." evonomics.com/maximize-sha...
January 7, 2025 at 1:27 AM
Author Yves Smith: "Short-termism, underinvestment, and a preoccupation with image management." evonomics.com/maximize-sha...
"Why do hardworking people with similar talents and training often earn such dramatically different incomes? And why, too, have these earnings gaps grown so much larger in recent decades? Almost no other questions have proved more enduringly fascinating to economists." evonomics.com/how-markets-...
January 6, 2025 at 8:36 PM
"Why do hardworking people with similar talents and training often earn such dramatically different incomes? And why, too, have these earnings gaps grown so much larger in recent decades? Almost no other questions have proved more enduringly fascinating to economists." evonomics.com/how-markets-...
Author Rutger Bregman: "No, wealth isn’t created at the top. It is merely devoured there." evonomics.com/no-wealth-is...
January 4, 2025 at 4:36 PM
Author Rutger Bregman: "No, wealth isn’t created at the top. It is merely devoured there." evonomics.com/no-wealth-is...