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    Economics / economic theory /

    Some Thoughts On Economics

    August 7, 2013

    My instinctive entry point into economics is through business. What is called the “Theory of the Firm” plays a key role in shaping what I see, think, and try to explain. Business, of course, gets frequent mention throughout economics, with most varieties of general theory claiming to place it somewhere inside the theoretical constructs. But […]

    Economics / austerity, economic policy, Federal Reserve Board, fiscal cliff, GDP, government spending, growth, Obama, Republicans /

    Mid Summer Blues

    August 5, 2013

    No I haven’t disappeared. This is mid-summer and the living is supposed to be easy. And it would be were it not for the perpetual lunacy in Washington. I wonder whether America has ever been this ill served by its collective leadership. Last week were treated to an outpouring of enthusiasm based upon the new […]

    Economics / economic policy, economic theory /

    Simple Model Mania

    July 25, 2013

    Economics, as we all know, is a bit of a shambles. There’s plenty of good stuff sitting about, and there’s plenty of bad stuff. On any given day we can witness two Nobel prize winners disagree and put forward totally contradictory theories to support radically different sets of policy advice. One example at the moment […]

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