Breaking News

Brexit 2

by on June 29, 2016

Like many people I am still trying to digest the lunacy of Brexit. I say lunacy because retreat from European integration is, in my opinion, [more…]


by on June 28, 2016

My summary of the discussion prior to the Brexit vote:


Why not?

Consequences be damned.

How very British.

Let's all remind ourselves of how [more…]

Practical Economics is Radical?

by on June 16, 2016

I have a book by James Meade published in 1975. It's called "The Intelligent Radical's Guide to Economic Policy". Thumbing through it reveals how some things [more…]

Laughingstock or Fog?

by on June 14, 2016

Let's have some fun:

Economics deserves to be a laughingstock. Really, it does. No one can take it seriously. I have tried. The effort isn't [more…]

Gordon, McCloskey and Growing Pains

by on May 31, 2016

I try to take my own advice: when you have nothing to say, don't say anything. Thus, for the best part of a month I [more…]

Trump Denouement

by on May 3, 2016

Here we are. Today might well be the day when Trump seals his coronation as the Republican presidential nominee for this year's election.


How [more…]

Market Reflex

by on April 28, 2016

There are a few thoughts or words in a normal economics discourse that trigger what I call my 'market reflex'.  Asad Zaman just triggered it. [more…]

American Amnesia?

by on April 26, 2016

That's the title of a book I am looking forward to reading over the summer. It's by Jacob Hacker and Paul Pierson, and I just [more…]

Hope 101?

by on April 22, 2016

A nice way to end the week:

I overheard a conversation between two high school students this morning.

The first person was asking about which [more…]

101 or Not 101- Uber Knows?

by on April 21, 2016

Paul Krugman has this in his blog today:
The name is a takeoff on Noah Smith’s clever writing about “101ism”, in which economics writers present [more…]