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    Economics / capitalism, democracy, economic freedom, economic theory, neoliberalism, power, Stiglitz /

    A Stiglitz Error?

    May 9, 2024

    You can’t fight a war without understanding your enemy.  That’s an adage as old as war itself.  Which means it’s very old. Joe Stiglitz doesn’t understand his enemy. Now, that’s an odd thing to say bout someone who’s worldview is hardly a secret.  Stiglitz has given it his best shot for decades.  He’s one of […]

    Uncategorized / economic theory, Haldane, Levitt, Martin Wolf /

    The Eclipse Part Three – It’s Not Just Me!

    April 17, 2024

    I know. I’ve been unfair.  Economists are not all totally irrelevant.  Nor is economics a complete wasteland of ridiculous models designed to make economists look clever at doing math. I hope I haven’t given that impression. Well only a little. You can’t make out-of-date ideas and concepts up-to-date and flashy simply by making them formal.  […]

    Economics, Uncategorized / economic theory, Hank, Levitt, Lucas, Rational expectations /

    The Eclipse Part Two

    April 12, 2024

    Wow. Steve Levitt has really shaken me. I come not to mock, but to follow up … Stand up and take a bow Ben Moll!  You daring soul. Clearly I need to explain. No sooner had I finished my comment on the irrelevancy of economics but I had confirmation — albeit unwittingly — in this […]

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