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…]
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…]
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…]
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…]
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…]
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…]
Hah! That caught your attention.
People who criticize General Equilibrium - henceforth GE - often fail to mention one of its major benefits to mainstream [more…]
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…]
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…]
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…]