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plata o plomo

…is undermined by modern econometrics (natural experiments) which suggests long term benefits of SNAP (aka food stamps and Medicaid. Another hypsthesis (tirelessly promoted by Kevin Drum) is that the problen…

Market Share of Economics

…do not list many ideas from macroeconomics, econometrics, or the many varieties of “heterodox” economics. I don’t for the following reasons, respectively: “we’ve predicted 9 of the past 5 recessions,”…

Real business fixed investment.

Yesterday I compared real private GDP in cycles. Today I would like to look at real business fixed investment. If you listened to CNBC — otherwise known as the Republican…

Economics Cannot Find Racism; Just Move Along

One of my favorite paper presentations ever was by Daniel Parent, who is a good enough reason in himself for pending Labor Economists to apply to HEC. He was trying…