Relevant and even prescient commentary on news, politics and the economy.

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Obama Economic Forecast

The right is having a lot of fun commenting about the economic forecast by the Obama team being too optimistic. I guess they are right, Obama along with everyone else…

Money Metric Welfare and "Economic Efficiency"

…the element of economic theory which I like least, at that is saying something. A good explanation is given by a non Socratic dialogue reposted by Brad DeLong. He calls…

Going Galt – Present and Past

…this: one party advocates policies that produce rapid economic growth, and one part dismisses those policies with epithets like “socialism” and advocates instead policies that produce dismal economic growth. And…

Really Implausible Economic Arguments

economic arguments are those to be found, here Alessandra Pelloni and Robert Waldmann (1998) “Stability Properties of a growth Model,” Economics Letters, vol. 61 pp 55-60. (that’s a model of…