Breaking News

Economic Realism

by on December 18, 2014

Lars Syll seems to have started a perpetual conversation when he posted a comment about Tony Lawson's longstanding complaints about realism in economics. I don't [more…]

Employment Recovers

by on December 9, 2014

Just a very quick note regarding last week's employment numbers.

They were good. That's all we need to know. It's been a long time since [more…]

Superior Economists

by on December 2, 2014

Actually the paper I just read is called "The Superiority of Economists". It's another analysis of thee economics profession by Marion Fourcade, this time in [more…]

Economics And Civil Society

by on November 28, 2014

I have been subject to quite a bit of push back on my repeated critique of the anti-democratic nature of orthodox/classical/neoclassical economics.

So I am [more…]

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…]


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…]