…the wages-fund doctrine. He is also credited with initiating the tradition of making ceteris paribusassumptions explicit. In Slave Power, he also contributed to the economic theory of slavery, which I…
An economic slump or recession is considered a bad thing by economists. They point to Sweden and blame Sweden for raising its interest and causing a recession. “Bad Sweden, Bad…
…popular vote. Prof. Geoffrey Moore, who for decades published the Index of Leading Indicators, and founded the Economic Cycle Research Institute (ECRI) in 1993, wrote Leading Economic Indicators: New Approaches…
…out of poverty and gave their governments the right to call for a larger voice in discussions of international economic governance. Therefore it is of no small importance to understand…
…by altruists, who passed along the gains in economic efficiency to customers, workers, suppliers and the local community. But even when consolidation produces economic efficiency that benefits consumers, economic efficiency…
by Joseph Joyce The Search for an Effective Macro Policy Economic growth in the advanced economies seems stalled. This summer the IMF projected increases in GDP in these economies of…
…believe they have an option of rejecting it. It was acknowledged during the New Deal that the realization of political democracy required at least a modicum of economic democracy. Collective…
by Peter Dorman (originally published at Econospeak) Where Should We Put Economic Empiricism on the Hubris-Humility Spectrum? A bit of a kerfuffle has broken out over the claim that, as…
Happy 8th Independence Day, economic expansion! In lieu of a more traditional Independence Day post, in view of the fact that the economic expansion turned 8 years old this week,…
…of a colonialist feather, along with Thomas Cree, Pierre Cahuc and André Zylberberg. Sessions’s economics is indeed terrible… as is the economics that opposes to it a fraudulent fallacy claim….