What is TheBumblebee? A bumblebee is something that is not supposed to fly, according to science. But it does. There are many things around us that are similar. Science at first cannot explain them. Or they do not seem realistic according to our priors. Our priors are the theories we have of the world in our head. Economics is similar sometimes. Some things happen contrary to popular theory.
There is a specific bumblebee in Europe of course – people who follow European economic policy debates know which one is it, and for the rest, let‘s keep it a mystery for now. So this blog is going to be mostly about two things – economics more broadly and the European Union more concretely. I will try to make the posts here readable in one breath. This will inadvertently mean I fail to mention important people, articles, viewpoints and contributions, and I hope there will be no retributions for that. A blog post is like a model. It is necessary a simplification of reality and in that it misses something – an important argument, evidence or some context of an issue. But we live in times where immense amount of knowledge is being produced. It often feels we are overproducing new results in economics (due to how incentives are structured) without paying attention to actually understanding the current base of consensus. I will be humbly trying to make sense of it here.
Stay for the ride!
