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"All Models are Wrong" is not a Good Excuse for Having Wrong Models
A big and embarrassing challenge to DSGE models is Alex Tabarrok’s latest post at Marginal Revolution. Tabarrok comments on a paper that finds two…
Nicolás Cachanosky
Nov 7, 2022
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"All Models are Wrong" is not a Good Excuse for Having Wrong Models
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The classics versus the labor theory of value - Part I - Intro & Adam Smith
A cost-price theory is not the same than a labor theory of value
Nicolás Cachanosky
Dec 5, 2022
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The classics versus the labor theory of value - Part I - Intro & Adam Smith
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On Bitcoin and the Definition of Money
Some corners of the Bitcoin community challenge the conventional or textbook definition of money. This is not a fringe position, even Bitcoin.org states…
Nicolás Cachanosky
Oct 24, 2022
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On Bitcoin and the Definition of Money
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The classics versus the labor theory of value - Part VI - The Marginal Revolution
A cost-price theory is not the same than a labor theory of value
Nicolás Cachanosky
Jan 9
3
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The classics versus the labor theory of value - Part VI - The Marginal Revolution
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Brazil and Argentina to start preparations for a common currency
According to the Financial Times, Argentina and Brazil are about to start preparations for a common currency (in principle called Sur). If the past is…
Nicolás Cachanosky
Jan 24
3
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Brazil and Argentina to start preparations for a common currency
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The classics versus the labor theory of value - Part II - David Ricardo
A cost-price theory is not the same than a labor theory of value
Nicolás Cachanosky
Dec 12, 2022
2
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The classics versus the labor theory of value - Part II - David Ricardo
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SMP: More Interest Rate Hikes Ahead
My latest at the Sound Money Project is on more interest rate hikes ahead. The Bureau of Economic Analysis released its latest personal consumption…
Nicolás Cachanosky
Mar 7
3
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SMP: More Interest Rate Hikes Ahead
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The classics versus the labor theory of value - Part III - John Stuart Mill
A cost-price theory is not the same than a labor theory of value
Nicolás Cachanosky
Dec 19, 2022
2
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The classics versus the labor theory of value - Part III - John Stuart Mill
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State Capacity as Spurious Correlation
I spent the weekend discussing work on state capacity with a group of scholars and academics. Most of the discussion focused on what state capacity is…
Nicolás Cachanosky
Feb 9
2
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State Capacity as Spurious Correlation
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Understanding the Disagreement in the Dollarization Debate
It is important to be conscious about assumptions used in different arguments.
Nicolás Cachanosky
Apr 18, 2022
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Understanding the Disagreement in the Dollarization Debate
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Dollarization: Unnecessary by its Necessary Conditions?
While advocates of dollarization in Argentina recognize that adopting the US dollar as the country’s legal tender currency is not sufficient to end a…
Nicolás Cachanosky
Apr 25, 2022
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Dollarization: Unnecessary by its Necessary Conditions?
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The classics versus the labor theory of value - Part V - J. B. Say
A cost-price theory is not the same than a labor theory of value
Nicolás Cachanosky
Jan 2
2
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The classics versus the labor theory of value - Part V - J. B. Say
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