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    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 advocatesĀ 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 inĀ her […]

    Administration /

    R.I.P. Christine Radford

    August 10, 2015

    My mother, Christine Radford, died yesterday aged 91. A tough, tough lady who outlived my father by almost 40 years. Old age finally ended her run. May we all have such a life.

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