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Liberation Day

Let’s have fun: There are probably plenty of people out there who are intimidated by the constant jargon and obscurity of economists. After all economics is well known to be laden with mathematics, counter intuitive insights, and all manner of models — large and small — to cover situations that most of us have never thought […]

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Blind Leading the Blind

A few days ago David Ruccio posted an article titled “Crash and Learn” on the state of economics education. I want to elaborate a little further, although my usual skepticism on this subject does bridle a tad at the concept of economics education. Is that the same as “military intelligence”? Anyway, in that article is this quote: […]

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The Market and Nobels

As I awake from my self-imposed slumber and re-survey the state of economics: Nothing has changed. This is predictable, and, I submit, is the most predictable phenomenon within the ambit of the discipline. Economics is in disrepute, and its current elite are determined to keep it there. The latest ersatz Nobel prize went to a […]

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