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McCloskey Disses Democracy

by on November 25, 2014

Actually it's McCloskey dissing what she calls leftish economists generally, although poor Piketty and his notorious book provides the moment she seizes to attack us misguided folk. Riven through [more…]

American Decline To Accelerate?

by on November 10, 2014

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…]

DSGE Is a Plutocratic Tool

by on November 7, 2014

Hah! That caught your attention.

People who criticize General Equilibrium - henceforth GE - often fail to mention one of its major benefits to mainstream [more…]

Mind the Gap

by on October 30, 2014

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…]

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…]