Archive
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Article
The use of economists' biography, III.
Sep 19, 2012
“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
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Article
QE3
Sep 18, 2012
Last Thursday, the Fed announced its anticipated third round of balance-sheet expansion, at a fixed rate of about $40B per month “until [substantial] improvement [in unemployment] is achieved in a context of price stability”.
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Article
The use of economists' biography, II.
Sep 17, 2012
Excerpts from “Retrospect and Prospect,” the concluding remarks Bob Coats presented at (or maybe wrote after) the History of Economics conference held in 1972 at Bellagio to commemorate and reassess the 1870s “marginal revolution” (full proceedings here).
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News
Cracks in the German Economic Orthodoxy: Is Economic Theory Detached From Reality?
Sep 17, 2012
New economic thinking is creating change in Germany.
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Article
The use of economists' biography, I.
Sep 17, 2012
Robert Solow, “Notes on Coping.” In Szenberg ed. Eminent Economists: their Life Philosophy, 1992, p270
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News
INET’s Rob Johnson on CNBC: “Inequality has been there a long time and growing rapidly”
Sep 16, 2012
Monday marked the one-year anniversary of the start of the Occupy movement, and INET Executive Director Rob Johnson went on CNBC to discuss the significance of the milestone.
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Article
A Quick One (Message to Naomi)
Sep 13, 2012
Yesterday, I had my first introductory economics seminar with my new students.
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Working Paper
Grantee paperWould Women Leaders Have Prevented the Global Financial Crisis? Implications for Teaching about Gender, Behavior, and Economics
Sep 2012
Would having more women in leadership have prevented the financial crisis?
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Working Paper
Grantee paperIs Dismissing the Precautionary Principle the Manly Thing to Do? Gender and the Economics of Climate Change
Sep 2012
Many public debates about climate change now focus on the economic “costs” of taking action.
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News
Europe’s Real Deficit Is Trust
Sep 12, 2012
While Europe faces the specter of overwhelming debt, another deficit lies at the heart of the inability to find a solution: a deficit of trust.
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News
Soros To Germany: Lead or Leave
Sep 9, 2012
INET co-founder George Soros is calling on Germany to lead Europe out of its economic doldrums or get out of monetary union altogether.
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Article
Keynes's 10 Professors... and a Major
Sep 1, 2012
I thought I was on to an inside reference when re-reading the General Theory when Keynes calls Marx, Edgeworth and others simply by name, but refers to “Professor Pigou” in several instances.
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Working Paper
Grantee paperIncome Distribution, Credit and Fiscal Policies in an Agent-Based Keynesian Model
Aug 2012
This work studies the interactions between income distribution and monetary and fiscal policies in terms of ensuing dynamics of macro variables (GDP growth, unemployment, etc.) on the grounds of an agent-based Keynesian model.
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Article
Holiday announcements... History at the ASSA
Aug 21, 2012
Mid August, with the Olympics over, Paralympics and Premiership starting (that’s Soccer for the American readership), it is well and truly the quiet period for most of academia.
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News
Felix Salmon: Curb High-Frequency Trading and End the Stock Market “War Zone”
Aug 13, 2012
When Felix Salmon looks at the global equities market he sees a world of free-for-all electronic warfare that likely would be more recognizable to Isaac Asimov than Milton Friedman.