Macroeconomics deals with understanding how the economy as a whole works, but the way it’s currently being taught right now seems to be insufficient — even useless — to the questions being asked. As it stands, macroeconomics places more merit in abstract principles and models that often don’t align with how real-world economies work. One way J.W. Mason suggests we “fix” macroeconomic theory is by contextualising it in historical knowledge: “we need to see models as embedded in concrete [historical] stories,” not in theoretical scenarios. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
