Thoughts On Economics

Why choose? "The model also maintains the neoclassical conclusion that, given ability, people are paid the value of their marginal prod...

Alessandro Roncaglia's The Wealth of Ideas: A History of Economic Thought (Cambridge University Press, 2005) is a work of massive schol...

I'm not sure what this site is. Maybe it is put up by one of David Colander's undergraduate students. But this appears to be a cha...

Dani Rodrik writes : "...the University of Massachusetts Amherst ... department of economics ... is well known as the hangout of left-w...

Philip Mirowski has been quite critical of an essay by Roger Myerson: "Some of the most bizarre and outlandish statements about the his...

"Now Nixon was realigning the party. 'States' rights' and 'law and order,' two thinly veiled appeals to racism, wer...

Michael Tomasky and Peter Beinart review Paul Krugman's new book, The Conscience of a Liberal , in the New York Review of Books and t...

As the title suggests, history gives us plenty of stories of people, when put to the test, of being more heroic than anybody should be expec...

The economic counsellor and director of research department at the IMF has a blog . I've added his blog to my blogroll. Apparently, the ...

Just when I planned on putting aside Austrian economics until receiving referee reports... The Ludwig von Mises Institute has made Time, Unc...

"My impression is that the best and brightest in the profession proceed as if economics is the physics of society. There is a single un...

"The best way to evaluate any economic theory is to consider the theorist as a magician. Theorists rarely make logical errors in moving...

I have rewritten my demonstration of some errors in Austrian business cycle theory. In addition to making this article available on the Soc...

I don't know that these usages have anything to do with Adam Smith. I don't even vouch for the translation from the seventeenth cent...

Apparently young American liberals still feel obligated to take ignorant cold war stands. Here's Ezra Klein , in a post positioning hims...

Joan Robinson had lots to say about the Cambridge Capital Controversy. I find this remark to be amusing: "I was delighted to find in a ...

"Friedman and the other shock therapists were also guilty of oversimplification, basing their belief in the perfection of market econom...

Tyler Cowen purports to analyze why the pay of CEOs has increased so much. "It is useless to ask what is the source of natural inequal...

Some mainstream economists (e.g., Bliss and Hahn) responded to the Cambridge Capital Controversy by taking their stand on the Arrow-Debreu v...

Paul's done this sort of amusing thing before: "Now as they survey the wreckage of their cause, conservatives may ask themselves: ...