@Frances_Coppola Ha Joon Chang blames the theory of comparative advantage in his critique. Physics is on his side as evidenced by recent Nature journal publications https://t.co/Kmpss0UsrK and https://t.co/j7yJM4D85J Physics says that absolute advantage
@HenricCont @JonathanKadmon @MMTLabour @economics @mihirssharma Bottom line Re Sri Lanka: MMT focuses on maximizing countries' self-reliance. Physicists have already shown that what matters is ABSOLUTE and NOT comparative advantage https://t.co/Kmpss0CRAc.
@Noahpinion There are models, based on complexity theory from physics, which bear out MMT's description of govt finance: https://t.co/MjXwnJiTVv Physics even contradicts standard micro: https://t.co/g01tn3WAi7, and comparative advantage: https://t.co/Kmpss
@leominkus @normonics @ole_b_peters "Equilibrium is large, just like in economics, comparative advantage" No, NOT equilibrium or comparative advantage, but rather TRAJECTORY dependence (FAR FROM equilibrium) and ABSOLUTE advantage https://t.co/Kmpss0CRAc
@EconomyInformal @HarvardGrwthLab Anyone who interested in the topic can also check this out. https://t.co/sQNkfVFHtw
@hqsosa @SpainYoung Tu eres ingeniero aeronautico, lee el articulo de fisica moderna que muestra que la riqueza se crea invirtiendo en la industria de ALTO VALOR AÑADIDO, y NO desde LA VENTAJA COMPARATIVA https://t.co/Kmpss0CRAc
@hqsosa @SpainYoung Tienes una falta evidente de entender el concepto de VALOR AÑADIDO que seguramente has aprendido de la economia neoclasica. Esa disciplina no distingue entre fabricar "chips de patatas" o "chips de ordenador". Sin embargo, la fisica mod
@J_R_Aznar @20m Una frase famosa expresa muy bien lo q señalas "producir chips d ordenador, o chips d patatas fritas, cuál es la diferencia". La economia neoclasica es filosofia barata. La ciencia d verdad muestra q la competitividad economica esta en la i
@gielompik @elonmusk @Kanonn1859 @iliketeslas @PJHORNAK @RandyVegetables Whether they are behind America does not bother me, the fact is that they didn't let somebody with a lack of imagination and ambition convince them not to do it. Because you are not a
@gielompik @elonmusk @Kanonn1859 @iliketeslas @PJHORNAK @RandyVegetables I said competitive compared to UPPER MIDDLE INCOME peers. I cited 3 indices: Economic Fitness (World Bank), Harvard Atlas and WEF GCI. I understand the situation in Greece, it's based
Version 2.0 is out! Adds the fitness index from Tachella et. al (2012) (in addition to Method of Reflexion or Eigenvectors method). Update it to compare the scores! (Details on Fitness index : https://t.co/aTog5AIeGA)
RT @wdednam: @kevinleosmith @LoudMouthedChic @LiebenbergCarl Physicist have also started to attack mainstream economics concepts such as "c…
RT @wdednam: @rohangrey @meadwaj @widespreadhaze @FadhelKaboub @billy_blog Well, I'd really wish @billy_blog consult some more in SA! SA is…
My youngest bro wants 2 go 2 grad school in Economics. Pointed him to http://t.co/84cNGzM6Qi and http://t.co/3xwPY3YqfP #EconomicComplexity
My youngest bro wants 2 go 2 grad school in Economics. Pointed him to http://t.co/84cNGzM6Qi and http://t.co/3xwPY3YqfP #EconomicComplexity
New Metrics for Countries' Fitness and Products' Complexity http://t.co/T8lZiM0eJj TLDR: specialization of countries production is nonsense
New metrics for a countries' fitness for development/growth from physicist Luciano Pietronero http://t.co/zftaxHoyyc #Economics #Complexity
New metrics for a countries' fitness for development/growth from physicist Luciano Pietronero http://t.co/zftaxHoyyc #Economics #Complexity
A New Metrics for Countries' Fitness and Products' Complexity http://t.co/DLR3SO7i
Amazing work on specialisation vs diversification for economic prosperity http://t.co/HFEcAzNNDZ
A New Metrics for Countries' Fitness and Products' Complexity: http://t.co/UbltjIkWYG
A New Metrics for Countries' Fitness and Products' Complexity http://t.co/TDjluXBgzo
Forget #GDP. A New Self-Consistant Non-Monetary Metrics [#Matrix #Mcp] for Countries’ #Fitness & Products’ Complexity http://t.co/83UxTnZTML
Just came across this: A New Metrics for Countries' Fitness and Products' Complexity http://t.co/lFKb6eYuJR #diversity vs. #specialization
A New Metrics for Countries’ Fitness and Products’ Complexity. http://t.co/RbFcx7IL
A New Metrics for Countries’ Fitness and Products’ Complexity. http://t.co/RbFcx7IL
A New Metrics for Countries’ Fitness and Products’ Complexity. http://t.co/RbFcx7IL
A New Metrics for Countries' Fitness and Products' Complexity http://t.co/DLR3SO7i
A New Metrics for Countries’ Fitness and Products’ Complexity. http://t.co/RbFcx7IL
A New Metrics for Countries’ Fitness and Products’ Complexity. http://t.co/RbFcx7IL
A New Metrics for Countries’ Fitness and Products’ Complexity. http://t.co/RbFcx7IL
A New Metrics for Countries' Fitness and Products' Complexity http://t.co/DLR3SO7i
A New Metrics for Countries' Fitness and Products' Complexity http://t.co/bz90kMsa
Very very interesting article on how to identify comparative advantages and measure competitiveness http://t.co/mQmTU90O #fornerdsonly
A New Metrics for Countries' Fitness and Products' Complexity http://t.co/DLR3SO7i