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Stagnation

by on October 27, 2014

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…]

Why No Labor Controversy?

by on October 21, 2014

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…]

Economists Deserve Respect – Honestly?

by on October 7, 2014

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…]

Study the Shocks

by on September 30, 2014

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…]

Wittgenstein’s Silence?

by on September 29, 2014

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…]

Economics as the Third Culture?

by on September 8, 2014

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…]

More Self-Criticism

by on August 25, 2014

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…]

Self Criticism in Economics

by on August 25, 2014

This is a bit of a rant. Please bear with me.

I rarely do this, but here's a link to one of my favorite economics [more…]

Is Economic Orthodoxy Anti-Democracy?

by on August 22, 2014

Yes it is.

The explanation is found in the genesis of classical economics and then in its idealization of the marketplace.

At its onset the modern [more…]

A Reminder on Democracy

by on August 14, 2014

I am cleaning up my files. The Gilens and Page article on democracy in the US is in the pile. This is a reminder of their [more…]