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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…]

Unsound on Equality

by on August 13, 2014

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…]

Various Thoughts

by on July 9, 2014

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…]

Clockwork Justice?

by on July 3, 2014

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…]

Can Economists Explain Much?

by on June 23, 2014

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…]

How To Change the Teaching of Economics

by on June 23, 2014

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…]

Mystery Growth Theory

by on June 18, 2014

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…]