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…]
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…]
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…]
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…]
In a recent speech I gave on inequality, I described the relevance of economics in a series of quotes thusly:
"Political economy you think is [more…]
There is no point is bashing away at old economics or old economists. They are what they are. And it isn't as if there is [more…]
One of the central beliefs held by people who advocate a market based worldview is that, somehow, markets are apolitical, they are antiseptic, they are [more…]
Greg Clarke ends his book "A Farewell to Alms" with a not too encouraging summation about the ability of economists to explain much. Allow me [more…]
For what it's worth allow me to pass along a link to a panel on the topic of change in teaching economics:
GDAE Panel [more…]
I have been reading Gregory Clark's brief history of the world economy "A Farewell to Alms" as part of my continuing reading on inequality. Somehow [more…]