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    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 […]

    Economics / GDP, ISM Business Conditions Index, jobs, manufacturing, recession, recovery, retail sales, unemployment /

    Our Boom in Hyperbole

    January 3, 2011

    With the year end break behind us we can return our thoughts to more mundane matters, such as the apparent boom about to sweep through the US economy. At least that’s the sentiment that seems to have sprung up while I my attention was diverted elsewhere. Everywhere I look I read headlines announcing the imminence […]

    Economics / Case Shiller Index, home prices, real estate, recovery, wages /

    US House Prices Slip Again

    December 29, 2010

    There was considerable doom and gloom this morning after the monthly Case-Shiller index report showed further slippage in home prices in the top twenty cities of the US. The latest figures are for October since gathering this data takes a while, and show a national dip of 1.3%, which represents a small acceleration of decline […]

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