Articles

Economics is very theoretically comfortable with what may be termed `Keynesian’ waste.

Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.

China released quarterly GDP figures this week. Wen Jiabao emphasized the parts of the release that pointed toward stabilization, and one can certainly find some logic to that view.

Excerpts from a draft introduction of Till Düppe’s and Roy Weintraub’s new book, under revision for Princeton University Press, presently carrying the working title “Finding Equilibrium: Arrow, Debreu, McKenzie and the Transformation of Economic Theory

“The aim would not be to unravel a hidden coherent structure of the philosophical, theoretical, political dimensions of his work, but to give a sense of the contingencies that his work was subject to – both in terms of its origins and its receptions. Don’t make up an Arrow that he himself was not aware of.” -Till to me, email conversation on Kenneth Arrow, summer 2012

Paul De Grauwe raises very important questions on the institutional structure of Europe and how it must be modified to fortify the euro zone.

In what sense are central banks really independent? From whom are they independent? For whom in society do they deliver?

[We are inaugurating something new in this blog: a jointly written post!]

How representation of data can contribute to, or dispel the false certainty of statistical and econometric technique.

Since September 2011, the Swiss National Bank has held a floor of 1.20 francs per euro.