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Months ago, I got a message from a friend that was a swift and excited line: Errol Morris was writing a series of posts about science, even more remarkable about Thomas Kuhn.

As part of the tremendous promotion campaign for the 8th edition of his textbook Economics, Samuelson was devoted a feature in the New York Times (February 5, 1970, p. 41).

Paul Samuelson was notorious for many things, but also, like Marshall, for spending most of his academic life in the same institution.

The view from BIS

The organizers of Duke’s Summer Institute on the history of economics were so worried that students might be embarrassed to ask their supervisors for a letter of recommendation, or that the supervisors would say it’s a waste of time to study history, so they took a last minute decision to cancel the need for a letter of recommendation.

We continue to learn about what the Fed did during the crisis.

As a matter of accounting, if the U.S. as a whole buys from the rest of the world more than it sells to the rest of the world, then it must, on net, also be borrowing from the rest of the world. Perry has previously put this into a money-view context.

The Term Securities Lending Facility (TSLF) was one of the bigger (in dollar terms) emergency programs implemented by the Fed during the crisis of 2008.

Taking a quick break from my work in the Samuelson archives – so fascinating, believe me! – I can’t resist sharing the following, which I found in his correspondence files.

I am writing a paper about an economist that was at the Treasury in the second half of the 1950s and 1960s.