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

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About Angry Bear

…Robert Waldmann: …born the day after Kennedy was elected (November 9 1960). I have a PhD in economics (Harvard 1989) and teach economics at the University of Rome “Tor Vergata”….

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…what policy makers are willing to accept as approximately true is theory, rather than hypotheses. Economics can falsify hypotheses left and right. Economics doesn’t seem to be able to falsify…

Non-Adiabatic Economics

by robertdfeinman Non-Adiabatic Economics by robertdfeinman, continuing the discussion of economics as a science from here and here. Most economic theories assume that the system under consideration is stable or…

The Brute Economics of Slavery

…writing for Angry Bear. Recent comments got me thinking about it again. In thinking about the economics of slavery, I’m considering slavery and serfdom to be economic near-equivalents. Of course,…

No laboring in economics

…it…. MONEY. “Monetarism is a school of economic thought concerning the determination of national income and monetary economics. It focuses on the supply of money in an economy as the…