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    Economics / economic theory, inequality, Paul Krugman, Piketty, plutocracy, Saez /

    Lamppost Economics?

    January 11, 2016

    Paul Krugman came remarkably close to giving economics a big negative review in his New York Times blog last week. To sum up his argument: economics is very good at talking about, although not resolving, issues that are tractable to formal modeling — anything else not so much. You see there’s this gigantic blind spot in modern […]

    Economics / economic theory /

    Why Teach Economics?

    January 8, 2016

    No I am not going to get upset about mainstream economics. Today I have a different issue to be vexed about: why do degrees in economics exist? It makes no sense to me to teach economics in a vacuum. None at all. The economy is simply one part of a very complicated and intertwined thing called […]

    Economics / economic theory /

    New Year’s Resolutions

    January 7, 2016

    Well, that didn’t last long. I promised myself I would not waste any time this year on complaining about mainstream economics. There is no value in expending precious energy on something as stupid and ridiculous. It is cartoonish, silly, utterly worthless, irrelevant, and socially destructive. It is also demonically anti-democratic. Which upsets me above all. As […]

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