Archive
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Article
Does Economics blogging open new conversations ? (Part I)
Nov 3, 2011
This is the question I’m supposed to answer for an experimental INET conference aimed at inspiring new thinking through interdisciplinary conversation and collective reflection without rules.
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Article
Imagining a New Intro Economics
Nov 2, 2011
Yesterday, Harvard students of Ec 10 staged a walkout to draw attention to the bias they detect in the course.
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Article
Economics in Uncertain Times
Nov 2, 2011
My first TV chat show performance:
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Article
What's in a name?
Nov 2, 2011
In the case of utility, it’s all in the name.
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Working Paper
Grantee paperWords to the Wise: Stock Flow Consistent Modeling of Financial Instability
Oct 2011
The crisis has exposed the failure of economic models to deal sensibly with endogenously generated crises propagating from the financial sectors to the real economy, and back again.
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Article
Euro Summit Statement Explained
Oct 27, 2011
Okay, so here is the statement, but what does it mean? Felix Salmon offers an unnamed advisor’s flowchart. Let’s see if Money View thinking can do better.
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Article
NGDP target, in practice
Oct 25, 2011
Last week Goldman Sachs published a note in favor of the Fed’s adopting a formal nominal GDP target, while Fed-watchers caught a whiff of a possible change in policy in the works.
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Article
Nobel Prize Tasseology
Oct 25, 2011
Till is right. It’s not the historian’s task to question the legitimacy of the decisions of the Nobel Committee.
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News
Charles Goodhart: Europe After the Crisis
Oct 20, 2011
Goodhart brings back on the table the 2% minimalist federal fiscal counterpart to monetary union: “As has been exemplified in the recent crisis, it is problematical to try to issue money without the power to support that via taxation. Equally without access to money (notably via taxes), the power to undertake counter-cyclical, or cross-country, stabilisation is limited. So, the second proposal is to revisit the exercise that was done, some twenty years ago, to assess what fiscal changes might be needed to accompany a single currency.”
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Article
“Cause and Effect in the Macroeconomy”
Oct 19, 2011
It’s Nobel Prize time again. And what a beautiful prize this year it is!
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Article
Making Markets
Oct 17, 2011
Plumbing Matters
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News
READING ROOM: Economics has met the enemy, and it is economics
Oct 15, 2011
The Globe and Mail published a long piece about the dismal science, covering a lot of ground from moral philosophy to rational expectations, from Adam Smith to this year’s Nobel laureate Thomas Sargent, from the Post-Autistic Economics movement to the Institute for New Economic Thinking. Excerpts:
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Article
A Response to John Kay's Essay on the State of Economics
Oct 10, 2011
The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil
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Article
The Price is wrong
Oct 10, 2011
Focus on quantities
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Article
First Liquidity, then Solvency
Oct 6, 2011
First ECB, then EFSF