Thoughts On Economics

Mattheus von Guttenberg exemplifies what I think are defects in many fanboys of Austrian school economics. Among these defects is an uncr...

The Non-Equilibrium Social Science community and newsletter. Mike Beggs, in Jacobin Magazine , on Occupy Economics . Robert Johnson, in ...

Figure 1: Nell's Diagram Over at Naked Keynesian , Matías Vernengo explains some aspects of how he teaches the surplus approach. Vern...

"Over the last three decades, economists played an important role in creating the conditions of the 2008 crisis (and dozens of smaller ...

Figure 1: Statue on top of Obelisk During the last week of 2011, I saw an exhibition of Sanja Ivekovíc 's work at the Museum of Moder...

Today's events consist of: 12:00 - 3:00 - People's Economic Conference Roosevelt University (430 S. Michigan, 3rd Floor) 4:30 - M...

1.0 Introduction Capital-reversing can arise in a couple of ways without reswitching. This post steps through a case in which positive pri...

9 inch pie 8 inch pie 3 large eggs 2 2/3 cup sugar 1/2 cup 1/3 teaspoon salt 1/4 teaspoon 1/3 cup butter, melted 1/4 cup 1 cup maple syrup...

Dan Berrett, in The Chronicle of Higher Education , reports that "Economists push for a broader range of viewpoints". The Instit...

Tuesday, Peter Dorman, at Econospeak , considers why reactionaries in the United States are not embarrassed when caught at their constant ly...

I'm agreeing with, for example, Brad DeLong , Paul Krugman , and David Warsh . I'm disagreeing with, for example, Peter Klein , Mari...

1.0 Introduction I have asserted that the distribution of income is determined by political power, not by intertemporal utility-maximizat...

In last Friday's column in the New York Times , Paul Krugman writes: "After all, in an idealized market economy each worker would b...

Was any historian of economics more prominent throughout the last half century? As I understand it, David Ricardo was an early area of conce...

A couple of weeks ago, I mentioned the Harvard students walkout on Mankiw's introductory economics class. Gabriel Bayard and Rachel San...

Yesterday, National Public Radio concluded a three part series. Each day surveyed a thinker have shaped the past and may shape the future. I...

I consider the following propositions to be well-established: Adam Smith did not use the phrase "The invisible hand" to refer to...

Note to myself: I liked this recipe . Next time, consider making it with only two peppers. On the other hand, despite the leftover sauce, h...

Arjo Klamer has a blog , mainly in dutch. In one post in English, he argues that the award of the Nobel to Sargent and Sims symbolizes the...

Apparently, some Harvard students are planning on an organized walkout on Mankiw's introductory economics class today. This action is ...