This is off topic:
I have a number of American friends who are Republicans. For years they have berated Obama for a lack of leadership. [more…]
Hah! That caught your attention.
People who criticize General Equilibrium - henceforth GE - often fail to mention one of its major benefits to mainstream [more…]
I wonder when economics will reconnect with modern thought. I wonder, for instance, when economics will take on board contemporary theories about real human behavior and [more…]
I will keep this short: I have been taken aback by all the talk about the apparent onset of something called secular stagnation. Today's Financial [more…]
The familiar so-called "capital controversies" a few decades ago were never fully resolved. This is mainly because the losers of that battle eventually won the war [more…]
I haven't had time to voice my opinion of Robert Litan's post over at Brookings in which he argues economists deserve a little respect. Presumably [more…]
A system in motion stays in motion. A system at rest stays at rest.
Good so far.
But: our question is a little more interesting. [more…]
Because it is pointless adding to an already over stuffed vacuum.
Economics as currently construed is a discussion about a small percentage of all economic [more…]
Is economics a "third culture" the way Noah Smith suggests it is?
Is it sufficiently different that it deserves its own category apart from the [more…]
And while I am on the subject I see Krugman makes the case that "real economics", aka supreme belief in market magic, may well not be [more…]