Breaking News

Paradigm Lost?

by on April 16, 2014

The story so far:

Robert Locke asserts that neoclassical economics never attained paradigm status and thus cannot be seen as about to be dethroned from [more…]

Capital: Piketty and Such

by on April 15, 2014

I will not pile on any more: the Piketty book is required reading. Enough said.

What strikes me is that his data set is so [more…]

Class Based Economics

by on April 14, 2014

Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics:

Of all the income generated between 2009 [more…]

Score Two For The Plutocrats

by on April 2, 2014

Wow. What a week for the plutocrats.

First we were given the latest Paul Ryan budget which, predictably, reached its targeted balance by crushing social [more…]

Quote of the Day #6: Reformist Economics

by on March 31, 2014

"... the act of judgement that leads scientists to reject a previously accepted theory is always based upon more than a comparison of that theory [more…]

History Lessons

by on March 17, 2014

History repeats itself. Cliche. Truth. Or, perhaps, we repeat history. That seems to be the lesson I am learning as I continue to delve into [more…]

Federal Deficit

by on February 27, 2014

What will the Republican party do now?

In case you missed it, we learned today that the Federal deficit has now shrunk back to $680 [more…]

Inequality

by on February 27, 2014

I am preparing a talk on inequality here in America, and so have been re-reading the Piketty and Saez work. Amongst the more eye-opening facts [more…]

Is Medicine a Model For Ethics In Economics?

by on February 21, 2014

A recent correspondent asks whether medicine could act as a template for the importation of ethical standards into economics. On balance I don't think it [more…]

Grand Bargain R.I.P.

by on February 21, 2014

Thank goodness too.

There was some angst amongst left leaning analysts earlier this week because the smoke signals rising from the White House suggested that [more…]