RT @[email protected]

"If economics wants to remain relevant, then it must rethink some of its basic assumptions."
@[email protected] on her profession's inadequacies wrt digital:

https://www.project-syndicate.org/commentary/economics-digital-markets-public-goods-regulation-by-diane-coyle-2019-06

🐦🔗: https://twitter.com/tomskitomski/status/1137638189529751558

Why Economics Must Go Digital | by Diane Coyle

Mainstream economics has largely failed to keep up with the rapid pace of digital transformation, and it is struggling to find practical ways to address the growing power of dominant tech companies. If economists want to remain relevant, they must rethink some of their discipline's basic assumptions.