The MMT Podcast with Patricia Pino & Christian Reilly
- #186 Phil Armstrong: MMT & Austrian Economics (part 1)
- #185 Dirk Ehnts: The public debt is what we own, not what we owe
- #184 Steven Hail: What if people aren’t utility-maximising omniscient supercomputers?
- #183 Mark Diesendorf: The Path To An Ecologically Just Civilisation
- #182 Warren Mosler & Cory Doctorow In Conversation
- #181 Erik Dean: What’s Standing Between Us And A 15-Hour Work Week?
- #180 John T. Harvey: MMT, The UK, and Pound Sterling
- #178 Building An Economy For The People - Unpacking The Deficit Myth Part 7
- #177 L. Randall Wray: Money For Beginners - A Politician’s Guide
- #176 Dirk Ehnts: Ending The Polycrisis
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Money on the Left
- Economic Democracy with Pavlina Tcherneva
- The Alternative with Nick Romeo
- How can novels help us think about money ... and maybe even save the planet? (Guest Lecture)
- Resisting Predatory Finance w/ Raúl Carrillo (Recovered Audio!)
- Modern Movie Theory: What We Do in the Shadows
- Criticism LTD w/ Matt Seybold
- Teaching Economics w/ Benjamin Wilson
- Monetary Foundations of Education w/ Larry Johnson
- Power to the People w/ Sandeep Vaheesan
- Reparations for Black Americans w/ William A. Darity
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Daily Archives: 26/04/2011
Fallacy of Composition: Fiscal Austerity
One of the most important concepts we teach in economics, and most importantly in macroeconomics, is the notion of the fallacy of composition. Students and others who haven’t been exposed to macroeconomics naturally extrapolate from their own individual situation to … Continue reading