Thursday, 29 June 2017

Trade and the Gains from Diversity: Why Economists Failed to Predict the Consequences of Brexit

In this brief article I explain why the expectation amongst economists that Brexit means Britain will experience significant economic losses, thanks to the reversal of the gains from specialisation, is incorrect. The background assumptions regarding comparative advantage are false and cannot inform real-world situations. However, this is not the same as to suggest Britain as a post-Brexit country will follow successful trade policies.
~Steve Keen

Tuesday, 13 June 2017

Top Cat joke

A great bit if you ask me from a GREAT '61 cartoon Dibble: "Why don't you guys ever go to work and earn money?" TC answers...

Thursday, 8 June 2017

Glow discharge plasma in ST40

Christian Bradley shows us the glow discharge plasma in the ST40 tokamak and how the colour changes with the pressure in the vacuum vessel.

Monday, 5 June 2017

Democrat or Republican, only insanity in the Middle East

Re: Here's what I mentioned