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Created
Thu, 07/05/2026 - 18:48
The purported strength of New Classical macroeconomics is that it has firm anchorage in preference-based microeconomics, and especially the decisions taken by inter-temporal utility maximising ‘forward-looking’ individuals. To some of us, however, this has come at too high a price. The almost quasi-religious insistence that macroeconomics has to have microfoundations — without ever presenting any […]
Created
Wed, 06/05/2026 - 23:20
There’s a clinical diagnosis called body dysmorphia, where people think there’s something wrong with their body when it’s fine. Colloquially, some people refer to “reverse body dysmorphia” where someone thinks their body is better than it is. In late middle aged men this often exhibits itself as thinking that they’re stronger, tougher and better in […]