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    Economics, Uncategorized / capitalism, economic theory, plutocracy /

    The Market and Nobels

    October 10, 2016

    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 […]

    Commentary / Trump /

    Administrative Alert:

    September 21, 2016

    I am too busy to write much here until the beginning of October, but … I think the only wall Donald Trump will ever build is a wall of lies. Is he capable of telling the truth? Practically everything he says is an invention or a contradiction of something he said before. The man is […]

    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 […]

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