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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…]

Stagnation

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…]

Economists Deserve Respect – Honestly?

by on October 7, 2014

I haven't had time to voice my opinion of Robert Litan's post over at Brookings in which he argues economists deserve a little respect. Presumably [more…]

Study the Shocks

by on September 30, 2014

A system in motion stays in motion. A system at rest stays at rest.

Good so far.

But: our question is a little more interesting. [more…]

Wittgenstein’s Silence?

by on September 29, 2014

Because it is pointless adding to an already over stuffed vacuum.

Economics as currently construed is a discussion about a small percentage of all economic [more…]

Economics as the Third Culture?

by on September 8, 2014

Is economics a "third culture" the way Noah Smith suggests it is?

Is it sufficiently different that it deserves its own category apart from the [more…]

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…]