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Valuing Education?

Ben Casselman at fivethirtyeight.com throws us some back to school numbers. They make for depressing reading. America is not committed to education, far from it. Priorities seem to be elsewhere. And short term thinking dominates. Here are a few key highlights: The US had roughly 8.4 million teachers back in 2008. Now it has 8.2 […]

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Open Ended [A Note to Myself]

One of the major reasons, perhaps the major reason, economics is oftentimes irrelevant to our understanding of economies is that it fails to notice a rather salient fact: economies have no end. They have no beginning either. Or, rather, the choice of an ending or a beginning are merely arbitrary selections by an analyst needing […]

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So Wrong

Jonathan Rauch has just written an absurd article for The Atlantic magazine. It isn’t often that I say such things – well except every time I talk about rational expectations, but that’s just me – but his entire thesis reeks of defeatist nonsense, is anti-democratic, and antediluvian to boot. What’s worse, his argument builds from a […]

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