The Radford Free Press – Page 458 – All life is problem solving.

Economics / consumption, deficits, exports, GDP, imports, jobs, recession, recovery, savings, unemployment /

Current State of Play

September 8, 2009

Having been off-line for a few days because we needed to clean out the damage left by a malicious visitor, I think it would be appropriate to take a deep breath and give the current state of play – just where does the economy stand? The first part of this is to report very quickly […]

Economics / agent based modeling, complexity theory, entropy, evolution, Keynes, Keynesian economics, Mandelbrot, Milton Friedman, Minsky, New Classical Economics, Paul Krugman, Paul Samuelson, Prigogine, Robert Lucas, University of Chicago /

The State of Economics. Hint: Bad.

September 3, 2009

This next weekend Paul Krugman has an article in the New York Times that I think it is well worth your time reading. It is called: “How Did Economists Get it So Wrong?”. I have inveighed here, in my own inadequate way, many times about how I see the failure of economics as a body […]

Economics / jobs, recession, recovery, unemployment /

Jobs: This Week, Part Two

September 3, 2009

For three days in a row this week we get employment data. Yesterday it was the ADP Employment Report, today it is the weekly unemployment claims data, then tomorrow we end with the government’s monthly payroll information. So we are inundated with insights into the state of the labor market. Generally the best we can […]