John Weeks

PEF Council Coordinator 2018 - 2020

Principals of Macroeconomics: 2. David Ricardo: Aggregation, Distribution and the Corn Laws

All great thinkers run the danger of misinterpretation, in part because they tend to leave their innovative ideas incomplete due to the newness of those ideas. Misinterpretation also results from more pedestrian writers using those ideas without the insights of the originator. All four economists I discuss in this series of blogs suffered from misinterpretation

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Persistent debt confusion

“The Office of National Statistics recently released the public debt numbers for the second quarter of this year. As I show in my forthcoming book, Debt Delusion, the media and politicians misrepresent few public policy issues as frequently as they do the public debt. The misrepresentations begin with the basics, failure to treat the debt as an asset as well as a liability.”

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