The Radford Free Press – Page 332 – All life is problem solving.

Economics / Economics, ethics, neo-classical economics /

Ethical Addendum

January 5, 2011

In his response to my earlier comment Antonio Garrido hits upon a vital point. Let me recapitulate the story so far. I wrote, at the very end of the comment: “… But I do know we are headed that way, and that textbook economics is culpable for spreading market myths far enough to help destroy […]

Economics / Bernanke, GDP, Minsky, Okun's Law, Paul Krugman, recession, recovery, stimulus, unemployment /

Sticky Unemployment – Okun’s Law

January 4, 2011

A regular correspondent of mine – Stephan – suggests that I add an addendum to my comment yesterday about the current hyperbole in the media. To refresh your memory, one of my points was that even rapid GDP growth in 2011 is not likely to reduce unemployment significantly, and that to restore the economy to […]

Economics / Keynesian economics, neo-classical economics, Robert Lucas /

Ethics, Politics, and Economists

January 3, 2011

You may have seen the article in the New York Times referring to the discussion within the economics profession about ethics. Or rather the apparent lack thereof. There has been an outpouring of commentary within that part of the blogosphere devoted to economics, so I thought I would add my own and personal perspective. Almost […]

«< 330 331 332 333 334 >»