…over the last four decades or so of the “Washington Consensus” and the dominance of Chicago School freshwater economists has been the distortion of policy making on taxes to favor…

…the Chicago School (see Yves Smith’s book, Econned, for a good take-down of the freshwater economists), the GOP in Congress passed huge tax cuts for the wealthy accompanied by increasingly…

…to two definitions from The Economist. Positive economics is based on what is. Normative economics is based on what we would like to see. I think an article like this…

…really existing economics 101 courses which go on. It is more accurately described as “first two months of economics 101 ism”. But it is definitely a problem. In particular, there…

I’ve been reading Steven Johnson’s The Ghost Map, about the London cholera epidemic of 1854, and one passage reminded me exactly of today’s economics discipline. The sense of similarity was…

…the tracks. Read the whole thing. Full disclosure: My wife’s cousin is working at Berkeley now. Fortunately, she’s not at the Law School, or I would worry for her reputation….

rdan Mark Thoma beat me to this one, but I am happy he wrote the following and made the links: Study hard and stay in school socialism….

…community college or a four-year school; vocational training or an apprenticeship. But whatever the training may be, every American will need to get more than a high school diploma. And…

…a college town. He spent his youth, when not in school, in highly competitive sports leagues (probably soccer) and in look-at-me volunteer programs, maybe overseas during the summer. He had…

…had happened during the last week of school, and he had missed the end of year exams. The school, he told me, refused to allow him to sit them late….