Archive
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Article
Blending the Economy and Science
Nov 5, 2012
For one more time traveling closer to home – Mainz! It’s been the annual meeting of the German Society of the History of Science (the kind of academic club one has to be nominated for membership).
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Article
Pleasure, Happiness and Fulfillment: The Trouble With Utility
Nov 3, 2012
For nineteenthth century figures such as Bentham and Jevons, the concept of utility was associated with satisfaction or pleasure experienced.
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Article
To teach or not to teach economics with The Wire?
Nov 1, 2012
So, my new students’ training is essentially about understanding urban “territories” and “societies” through fieldwork. And my contribution is, supposedly, to highlight the economic dimension of all this.
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Article
What should every non-econ student know about economics?
Oct 30, 2012
When they told me I was expected to teach “Introduction à l’économie” this year, I thought, OK, this is straight. Every economist knows how to do that.
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Article
OMT: Slouching toward Eurobills?
Oct 30, 2012
The Eurocrisis has many dimensions—bank solvency crisis, sovereign debt crisis, political unity crisis, and economic/unemployment crisis—but time after time it has been the liquidity crisis dimension driving events, and ECB response to the liquidity crisis driving institutional evolution. The reason is simple. Liquidity kills you quick.
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Working Paper
Grantee paperPoisoning the Well, or How Economic Theory Damages Moral Imagination
Oct 2012
Contemporary mainstream economics has widely “poisoned the well” from which people get their ideas about the relationship between economics and ethics.
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Article
Rigor Mortis?
Oct 24, 2012
Mathematics and the ‘Whiz Kids’
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Article
Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy
Oct 24, 2012
Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.
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Video
A Conversation on the Economy
Oct 24, 2012
What do you get when you put two of the most well known and most widely cited economists in the world, both Nobel laureates, on stage together? A healthy dose of economic reality.
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Article
Liquidity, Down the Drain
Oct 17, 2012
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.
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Video
The Corn Laws: Seeing through the Eyes of Ricardo and Malthus
Oct 15, 2012
The British Corn Returns data provided the empirical basis for the fierce debate around the introduction and repeal of the 19th century British Corn Laws. Contemporary readers, like David Ricardo and Thomas Malthus, followed them as closely as stock market prices of today. Much of 19th century political economy rested on contemporaries’ interpretations of this data.
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News
Soros Honored by National Association for Business Economics for Role in Founding INET
Oct 15, 2012
INET co-founder George Soros has been awarded the Adam Smith Award by the National Association for Business Economics (NABE), an association of business economists.
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Article
Is The Weak Axiom of Revealed Preference Falsifiable?
Oct 12, 2012
MWG introduces the theory of consumer behavior by presenting two distinct approaches to modeling consumer behavior, the preference-based approach (based upon unobservable preferences generating a utility function) and the choice-based approach (based upon observable choice behavior), and attempting to establish connections between the two.
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Article
Andy Haldane asks: What have the economists ever done for us?
Oct 9, 2012
What makes a good model?
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News
Are the dollar’s days as a reserve currency numbered?
Oct 8, 2012
a lack of US growth may lead to a fall in the dollar’s popularity, and the result could be a global liquidity shortage.