James Kwak writes Introductory economics can be more misleading than it is helpful (originally in Atlantic magazine). Tim Worstall responds with James Kwak sure doesn’t understand the economics of…

…experience to lure a mark to their misfortune or doom. The doctrine of free trade is macroeconomists’ primrose path. Today’s example comes from Tim Haab’s blog “Environmental Economics,” in the…

…economic illiteracy, the economics profession is the main culprit. Economists have shamelessly touted policies that enrich the rich and impoverish the poor and pooh-poohed egalitarian proposals like work-time reduction. For…

by Hale Stewart (originally published at Bonddad blog) John Hinderaker Renews His “Tax Cuts Pay For Themselves With Growth” Nonsense It’s been awhile since John “Everything I wrote about economics…

…USA (probably the most over studied topic in economics). It still slopes down. Even in the US, I estimate, at most, a mild reduction of the slope. This makes the…

by Diane Coyle,  Professor of Economics at the University of Manchester in the United Kingdom, GDP: Falling Short  (from IMF website here ) Gross domestic product, or GDP, has been…

The Poland Peoblem: How A Good Economy Does Not Guarantee A Good Politics This is personal and professional. My wife and I have the third edition of our comparative economics…

…deep and fundamentally necessary thinking about ownership and property rights is absent from introductory (and ensuing) economics courses — both textbooks and coursework. Likewise concepts like value, utility (carefully interrogated),…

…Modern Monetary Theory (MMT) school of economics, has offered up some great explications. (Though even he is reduced, at times, to talking about “money things.”) If you’re after a gentle…

…and “forever after”.” I call this “Two Keynesian economics”. It made it clear to Krugman that one can’t believe both in Ricardian equivalence and the Pigou effect. I think the…