All posts in category Economic History

Is rationality the new stupidity?

On Twitter, I come across dozens of different bad analyzes, especially about economics. This is just one of them: You might think it’s stupid for people to stockpile things like gas. And, of course, you can also share it and laugh. However, just because you think something is stupid doesn’t make it stupid. The real […]

Original Sin of the Macroeconomics

I’ve been reading articles on the Keynesian/NeoFisherian debate for a while. It’s an interesting debate for me. Before commenting on the debate, I’d better start from the Great Recession. After the Great Recession, three “heterodox” objections arose in monetary economics – schools of thought that reject the mainstream models. In my opinion, all three objections […]

Lessons From the Past

Studying pre-modern economic history and economic trends can teach a lot. You can take many different perspectives, especially when studying the first invention of money, the Roman period (specifically the 3rd-century crisis), and the High Medieval economy. Years ago, while studying pre-modern economic history for the first time, I wondered how money was invented. Until […]