Keynes

Notes to Myself

by on July 20, 2016

First.

With respect to my summer reading.

I have always been fascinated by information. Its role in the economy; its nature; and its effect on [more…]

Partying Like It’s 1848

by on July 18, 2016

This is not a time to dwell on the inconsistencies and even contradictions of the recent uprising of populism in the western world. Treat it [more…]

Beating Dead Horse?

by on September 22, 2015

I am not sure I understand the point of Alexander Kaufman's column in the Huffington Post. In it he takes Paul Krugman to task for [more…]

Libertarian Economics

by on August 25, 2015

 

Economics is contextual. At its inception this context was the struggle for power as entrepreneurial and landowner citizens tried to wriggle free of the impress of [more…]

We Rely on Economics Too Much

by on May 13, 2015

I think I am with Tony Judt on this one. I am reading the new collection of his essays written between 1995 and his death [more…]

Ideas That Must Be Forgotten

by on March 17, 2015

Much of what we are told as being advances in economics are diversions or delusions that serve only to trap us in a cul-de-sac. Sometimes [more…]

Back to the Budget

by on January 29, 2015

One of the least remarked upon aspects of the President's State of the Union address last week was that it made no reference to the [more…]

Done Over?

by on February 10, 2014

How strange.

On the very day I have vented about the odd state of economics and its profound disconnect from reality I read in Paul [more…]

The Lucas Mystique

by on December 18, 2013

There is this thing in economics called the Lucas Critique. You see it pop up every so often and hear it referred to in revered [more…]

Monday Blues

by on June 10, 2013

Meanwhile back in the economy ...

I read with some amusement that Standard and Poor's, part of the axis of evil that brought us the [more…]