Economics, Straight Up, Please Prefer your economics straight up, without political ramblings and me complaining about spam and such? Check out It’s Still the Economy. ISTE is a work in…
You searched for: label/Chicago School/Freshwater Economics
…Macroeconomics textbook. I advise keeping public pronouncements consistent with theories in the latest editions of those books. Atrios has the goods on Mankiw’s Principles of Economics. Here’s an excerpt from…
UK Macroeconomic Policy Mistakes of the Past
…of questioning the central role of Keynesian ideas for macroeconomics today if it had not been for the New Classical revolution in the 1970/80s. This revolution was successful in the…
Ryan’s Hope and Change
Jonathan (FBD) Weisman hands the mike to Paul Ryan who denounces Obama’s trickledown envy economics Mr Ryan [skip] also opposed “envy economics,” a hit on Mr. Obama’s proposals to curb…
The Revenge Of Joan Robinson: Capital Theory Controversies Revive
…Robinson did in economics. More conventional types would probably point to her widely accepted and even textbookified Economics of Imperfect Competition. Some would point to her later more philosophical and…
Say’s Other Law: “Misery is the inseparable companion of luxury”
…a 1981 review of George Gilder’s Wealth and Poverty, Anna Weniger and Hank Robinson succinctly described “the essence of supply-side economics” as “simply a campaign to redistribute income from poor…
Class Resentment and the Center-Left, or the Politics of “We Are the 80%”
…they went in that direction. So I guess my take is that it’s probably not economics alone that did it. Nor is it racism/cultural alienation alone that did it. It’s…
Meanwhile…climate change
…demanding new economics. Adam Smith, 1723-1790, following on the work of David Hume, 1711-1776, a fellow Scottish Philosopher; was one of the first to take a look at the impacts…
RIP Steve Horwitz
…I knew quite well, even as I disagreed with him quite a lot about economics. He was arguably the leading monetary economist out of the group of neo-Austrian economists who…
Trusting statistics
…our discussion was economics, and he says he trusts Krugman on economics. Krugman, of course, uses statistics to draw his conclusion. He’s a Nobel Laureate, but the Nobel Prize in…
