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…]
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…]
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…]
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…]
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…]
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…]
This is a bit of a rant. Please bear with me.
I rarely do this, but here's a link to one of my favorite economics [more…]
Yes it is.
The explanation is found in the genesis of classical economics and then in its idealization of the marketplace.
At its onset the modern [more…]
I am cleaning up my files. The Gilens and Page article on democracy in the US is in the pile. This is a reminder of their [more…]