Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/21st Century economic philosophy

About reporting and water issues…

economics of what should be, but most economists practice what’s called “positive economics,” i.e., the economics of what is. These positive economists may carry out research describing the connection between…

Ed Kilgore Faces Facts about Welfare Reform

…who seemed to understand the distinction between the Clinton administration’s philosophy of welfare reform (aimed at getting welfare recipients into private-sector jobs, not just through work requirements but with robust…

Bull In a China Shop

Romney said a Polish leader told him during his visit that his country’s economic philosophy is, “You don’t borrow what you can’t pay back.” The presumptive Republican presidential nominee used…

CATO Institute and Ayn Rand

…Rand’s quasi-religious philosophy, is going to permeate the political process more than ever before. Allison, former CEO of North Carolina’s BB&T Bank, is not just going to be the Cato…

George Engles and medical thinking and models

…I consider it a landmark in medical philosophy and the intellectual foundation of today’s integrative medicine. The author, George L. Engel, M.D., was a professor of psychiatry at the University…

Krugman and Waldmann

…expectations. … But bear in mind what we’ve actually seen in academic economics: the development of an ethos in which only microfounded models are considered “real” theory, in which it’s…