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

The neoclassical theory of economic growth is an example of Murphy’s law: everything that could go wrong did go wrong.

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

For all that it purports to say, Gross Domestic Product (GDP) fails to explain anything relevant about the world.

Yesterday I was reminded of what got me interested in economics. I’ll preface this by saying that I make my living as a substitute teacher in Toronto. It’s not glamorous, but it pays the bills. It gives me time to do research from outside academia. When I’m in high school classrooms, I always browse the posters on the wall. It’s funny what you see. You find things (both good and bad) that you’d never see in institutions of ‘higher learning’.

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