Do unskilled people actually underestimate their incompetence?

When it comes to inflation, economists get it wrong. Inflation is always and everywhere differential.

The 'productivity-pay gap' has nothing to do with productivity. Here's why.

Ever wondered what trait most affects your income? Turns out it’s your rank in a hierarchy.

The rise and fall of empires is written in the language of energy. Let's have a look at this 'energy book' and see why America won't be 'great' again.

Peak oil was all the rage a decade ago. Now nobody's talking about it. The funny thing is, it's still happening.

The US is in uncharted territory. Never before have stocks been so high relative to wages. Here's what it means.

The idea that income is proportional to productivity is a thought virus that needs to die.

I’ve always been baffled that modern monetary theory is called a ‘theory’. Why don’t we just call it ‘the way money is’?

I dissect how neoclassical economics treats (neglects) natural resources, and discuss ways to fix it.

In a new video, Jonathan Nitzan demolishes the neoclassical theory of prices. Here's a summary and some consequences.

As we run out of oil, many people believe that its price will skyrocket. But I think the opposite will happen. Oil prices will plummet … yet oil will grow increasingly unaffordable.

I built a bot that counts word frequency. Here's what it says about the language in economics textbooks.

What if the free market has never been about freedom?

What's the most pernicious scientific idea ever? I'd give first prize to eugenics and second prize to human capital theory.

I crunch the numbers on oil-and-gas depletion in Alberta.

Karl Marx declared that all value stems from labor. Was he right?

Have humans always been egalitarian? The evolutionary evidence suggests not.

Wages correlate with firms' sales per worker. Does this mean that productivity explains wages? The answer is no.

Real GDP is key to macroeconomics. But is it a valid measure of economic scale?