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L. Randall Wray’s Followers (33)
L. Randall Wray
More books by L. Randall Wray…
“Whenever I hear an economist use the word “efficiency” (or “productivity”), I can guess with near 100% accuracy that he (it usually is a he, as I’ll explain below) hasn’t the slightest idea what he’s talking about. With rare exceptions, he is inappropriately applying an engineering term to an economic process he does not understand.”
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“The evidence is plain to see all around us: in an era of multiple pandemics that threaten the continued existence of human life on planet earth, we are stymied by imaginary constraints concocted by economists.”
― Modern Monetary Theory: Key Insights, Leading Thinkers
― Modern Monetary Theory: Key Insights, Leading Thinkers
“Professors reduce their office hours—or skip them entirely—and send students to the much cheaper teaching assistants as the efficiency fairies work to preserve more time for faculty to spend doing all the paperwork required by a burgeoning administrator staff that has nothing better to do than to create new paperwork requirements.”
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