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    Economics / economic ontology, economic theory, Olivier Blanchard, teaching economics, textbooks /

    Basics

    August 30, 2016

    For a variety of reasons I pulled Olivier Blanchard’s macroeconomics textbook off my shelf yesterday — I have the fifth edition which dates back to 2007. Or at least that’s how he begins his opening paragraph, he says he’s writing in mid-2007. So it would be easy to plunge into the book and start to look for […]

    Commentary / education /

    Valuing Education?

    August 29, 2016

    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 […]

    Economics / capitalism, democracy, economic theory, evolution /

    Open Ended [A Note to Myself]

    August 22, 2016

    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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