…Greenspan. Mike the Mad Biologist on when economists misunderstand biology. (My answer to whether economics is a science appears in comments to Mike’s post.) Brad DeLong provides an insider’s view…

…the 1980s, GM being $1B underfunded caused Congress to pass a bill allowing pensions to become fully funded over 20 years—and that most of those targets were missed? If bosses…

Peter Dorman writes at Econospeak about economics insulated from the harsh light of day and evaluation of usefulness: The Embarrassment Known as the Value of a Statistical Life Some economic…

…response to the lack of understanding about abortions. See, e.g., Top 10 Shocking Attacks from the GOP’s War on Women, MoveOn’s political action group (noting the attempt by various state…

…Miami, and Atlanta fared worse than Phoenix. [emphasis mine] Putting it politely, that is h*rs*sh*t. Anyone who was paying attention in the Atlanta area—or who has been paying attention to…

Commentary: Subprime Thinking from Wednesday morning re-posted with permission from the author When I started this blog in January 2005, one of my goals was to alert people to the…

Revolving door continues. Citigroup (C) is rumored to be in advanced talks to hire Peter Orszag, who served as budget director for the Obama administration until he stepped down in…

by Peter Dorman The Impoverished, and Impoverishing, Debate about Fiscal Deficits originally posted at Econospeak It is like living in a dream—a very bad dream. Everything seems at once real…

Econospeak’s Peter Dorman has an excellent debate going on with Sandwichman and cian, among others, about using GDP as a main measure of a healthy economy, the components of growing…

Over at Econospeak is a fascinating conversation of arcane economic thinking: Peter Dorman at Econospeak states: I have just taught the theory of the supply curve at the principles level…