Is Heterodox Economic Pedagogy Flawed?
I won’t bury the lead. Yes I think heterodox pedagogy is critically flawed at least at the popular and undergraduate levels. Yesterday I had the fortune of bearing witness to…
Neoclassical
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…
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…
The real Zombie that won’t die: The Myth of Crowding Out
Don’t get me wrong I am really encouraged that Mr. Moffatt took it upon himself to echo what we should all know by now: debt is not the story behind…
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…