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    Economics / economic theory /

    Market Truths Or Obscured Views?

    August 24, 2015

    This is meant as a friendly gentle nudge: As we all know markets are heavenly creations of exquisite perfection. Free and impersonal markets that is. We just know this. It just is. Free impersonal markets are what have delivered us all from the abominations of servitude and the darkest poverty. They have enlightened us. The have […]

    Economics / economic theory /

    Quick Question

    August 21, 2015

    How do you calculate the marginal productivity of an economics professor? Especially a tenured professor. Especially a tenured professor who advocates economics theories based upon ‘marginalist’ thought. And do they apply those theories to their own lives? Do they? Do they believe that the theories they advocate and promulgate are representations of reality? If so they […]

    Economics / Brian Arthur, Deirdre McCloskey, economic theory, free markets, market magic /

    Economics as Storytelling: McCloskey Again

    August 19, 2015

    This is not new to most of you of course. You are already steeped in McCloskey’s Rhetoric. Or you ought to be. After all economists are simply telling stories about the economy. Sometimes we are taken in. Sometimes we are not. Unfortunately McCloskey herself gets a little too caught up in her stories. As in her […]

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