…in economics was based at the University of Wisconsin–Madison, and played a prominent role in American economics in the first half of the 20th century. The Wisconsin school was central…

…all but one of whom worked in the Reagan administration and has a quarter-century-old list of what is effectively legislation that they are hell-bent on enacting by Court fiat–largely by…

…pleasure. RTWT. it’s increasingly doubtful whether (or how) [Capital‘s] arguments can be reconciled with the MIT-style economic paradigm to which Piketty’s most ardent American promoters — liberal economists like Joseph…

Thomas Piketty’s (CV) Capital in the Twenty-First Century is the most important book on economics published in this century. The book has made a huge splash, and drawn the ire…

…proposal “The problem is that as we move into the twenty-first century, the commodities we will be producing are becoming … more subject to myopia and other behavioral-psychological market failures.”…

In my last post I pointed out that over the last half century, every time the year-over-year change in Real Household Net Worth went negative (real household wealth decreased), a…

The West has been at ‘war’ with the Mafia and other organized crime gangs for over a century now. And nobody really thinks there will be some final ‘victory’. On…

…Economic Review were drawn. Such derisive caricature — frequently based on ethnic, racial and gender stereotyping — was rampant in the late 19th and early 20th century. Schloss’s caricature of…

…(e.g. Rogerson (2008)). “However, others have argued that even in narrow economic terms, very long hours are undesirable. Karl Marx, discussing British industrialization in the mid-19th century, argued that without…

…There are two important things that seem to have held true about Yemen over time as it slid from the best off Arab nation to the worst off economically. One…