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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]