…economically ignorant … Liberals don’t understand economics, but that doesn’t stop them from following a “liberal economic theory.” This theory is fallacious in its assumptions that the “rich” (who, according…

…make long-term investments in human capital, physical capital, and R&D.” One problem with Neoclassical economics of which Greg Mankiw follows… “NE (Neoclassical economics) typically brings externalities into the analysis as…

…lists some of the deeper arguments that have been made by different schools of economics. The “pile of produced means of production” is basically a Principles textbook orthodox position, which…

…studying economics, because it would make studying economics much easier. But it also seems to me—usually—that it is pointless to give it at the start of a course to newBs:…

…the life of me, I don’t understand why this approach to the economics of the firm isn’t universally accepted. Hardly anyone even knows it exists. It strikes me as too…

…the classroom. I’m pretty confident that Suri is right, since I’ve seen positive results from doing something similar in economics and related areas. When preparing to introduce a new topic…

…crossed over to environmental economics from the idea of decoupling economic growth from energy consumption. See, for example, Loren Schmid (1975): Past evidence has indicated that there is a direct…

Frank Ackerman, 1946-2019 The world of economics suffered a sad loss a few days ago (July 15) with the death of Frank Ackerman. Frank was a mainstay of the activist…

…A time like this should also be seen as a time of opportunity. — First, we must rid ourselves of denominational economics such as Capitalism, Socialism, Hayekism, Free Marketism, ……

…Economics and Natural Resources Department at UC-Berkeley in 1971, where his major prof was George Kuznets, younger brother of Nobelist Simon Kuznets. Michael then taught for 47 years at Chico…