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Market Reflex

by on April 28, 2016

There are a few thoughts or words in a normal economics discourse that trigger what I call my 'market reflex'.  Asad Zaman just triggered it. [more…]

American Amnesia?

by on April 26, 2016

That's the title of a book I am looking forward to reading over the summer. It's by Jacob Hacker and Paul Pierson, and I just [more…]

Hope 101?

by on April 22, 2016

A nice way to end the week:

I overheard a conversation between two high school students this morning.

The first person was asking about which [more…]

101 or Not 101- Uber Knows?

by on April 21, 2016

Paul Krugman has this in his blog today:
The name is a takeoff on Noah Smith’s clever writing about “101ism”, in which economics writers present [more…]

New York Stops The Revolution in Economics Too?

by on April 20, 2016

Yesterday's election result in New York State effectively ended Bernie Sander's tilt at the Democratic windmill. Here's what I wrote to a friend who was [more…]

Too Expensive?

by on April 19, 2016

Some things get too expensive. When they do, people tend to buy less. Duh. This quite simple and intuitive observation sits at the heart of all [more…]


by on April 18, 2016

One of the mysteries of economics is its contemporary willingness to ignore everything around it. Economists act as if the economy they study is easily isolated [more…]

Flat Earth Rules

by on April 1, 2016

Economists, especially mainstream economists, often like to ignore the real world consequences of their theories. Instead they prefer to hide away pretending that their conversations [more…]

Lame Duck Hypocrisy

by on March 30, 2016

Let's make this short and to the point.

The current imbroglio over the Supreme Court is a perfect illustration of political hypocrisy writ large.

On the [more…]

The Wheel

by on March 29, 2016

Information is all
All is information

Nothingness is the lack of definition
Something waiting for
Definition is nothing
But it surely exists
In the [more…]