Putting lipstick on the PIIGS: the health of modern macroeconomics
Ok, so some of the best economists, trained at elite institutions, working for the pinnacle of the of the financial world got it wrong, very wrong. How wrong? Just go…
liberal economic theory
Bullshit in absolutes: or how ‘liberal’* economists argue with themselves
We can perhaps amend an old Ethiopian saying to read “absolutes are for infants and kings”. It is catechism worth remembering when arguing with liberal economists. For theirs is not…
How Can a Political Scientist get this and many (freshwater) economists do not
O.k. I wrote this years ago. Maybe 2003, maybe 2005: And while NKs accept the basic logic of the rational expectations augmented Philips curve (that is, that the NAIRU is…
Gordon V Jackson: the corporate tax cut myth
Apparently Stephen Gordon is having a hard time figuring out where Andrew Jackson, the chief economist for the CLC, got the bizarre idea that: The argument for corporate income tax…
Gangster Capitalism: Same as it ever was?
If you are going to read one thing and just one thing on the financial crisis and how it is working itself out you need to read this blog post…
The economy lab, the dark age of free trade theory, and the naive view on natural resources and economic development
Over at the Economy Lab in the Globe which Failed, which itself has gone from bad to worse, one of the economists they keep in their stable has either produced…
The Rebel’s Letter to Mankiw and some thoughts on education in economics
Yesterday I noted that 10 percent of Mankiw’s students walked out of his class to protest what they, rightly believed, to be a heavily biased introduction to economics. I think…
Mankiw’s students walk out
So about ten percent of Mankiw’s students figured out that Mankiw is a neoliberal. Harvard students should have known that by grade six. Better late then never I suppose. Filed…