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Do Over?

You would have thought that, after all this time, economics would change. Or be changing. Or even be hinting at the possibility of changing. However, while there are a few encouraging signs, there is precious little sign of said motion inside the citadels that dominate the discipline. We still have a profession stuck in a […]

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CBO: Obamacare Costs Jobs – Not!

Read all about it! Fox News: “ObamaCare could lead to loss of nearly 2.5 million US jobs report says.” Washington Times: “Obamacare will push 2 million workers out of labor market …” The Hill: “O-Care will cost 2.5 million workers by 2024” And these are just a sampling. This hyperventilation by our right wing media, […]

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Quote of the Week #4

I came across this whilst reading Sharon McGrayne’s history of Bayesian theory, its a quote attributed to the statistician Jerome Cornfield: “A point is reached … when a continuously modified hypothesis becomes difficult to entertain seriously.” How apt. For much of economics. Looking back over the history of the development of economic theory, more precisely […]

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