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    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 […]

    Economics, Uncategorized / complexity, economic theory, Heckman, Levitt /

    The Eclipse of Economics?

    April 11, 2024

    Steve Levitt is moving on.  Is it an eclipse?  Which gets me to … I have a use for all those used special glasses we Americans just acquired en masse.  The ones that allowed us to look at the sun during its eclipse.  We can recycle them — there will be more eclipses soon. Or […]

    Economics / capital, economic theory, growth theory, labor, Solow /

    The Trouble with Words

    March 11, 2024

    Words are not ideas.  They are our means to capture ideas and make them tangible.  The problem is that words are a porous net that inevitably lets some accuracy slip away, but sometimes captures irrelevant detail that shines brightly in the moment and then dulls in the light of later thought. Trying to define something […]

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