Monthly Archives: April 2014

New Layout!

Well, as I assume most people have noticed the blog has a new layout. It was basically inspired by the new header which I found a few days ago. I hope everyone likes it. I was going to say that … Continue reading

Posted in Uncategorized | 6 Comments

Piketty’s Regressive Views on Public Debt and the Potential Impact of His Book

Piketty’s Wikipedia page says that he’s a Keynesian. Well, I don’t see it at all. His book contains a section on the public debt in historical perspective and it is desperately misinformed. A caveat first though: I actually like Piketty’s … Continue reading

Posted in Economic History | 12 Comments

On Rising Inequality and Piketty’s ‘Laws’

I note that some readers might be interested in some of my journalistic economic writing. So, I’m going to start posting it on here. Here is a piece that I wrote for Al Jazeera that was published today. Our fragile … Continue reading

Posted in Economic Theory, Media/Journalism | 5 Comments

The Sraffian Versus the Marginalist Worldview: A Strong Case For Academic Pluralism

Well, as I pointed out yesterday the Capital Controversies have come up once more. Now, again, there were a number of important issues in the controversies — the measurement of capital being one as this leads to some very salient … Continue reading

Posted in Uncategorized | 11 Comments

The Capital Controversies Rise Once More

In recent days the old capital controversies have come up again. This has been in response to the work of Thomas Piketty and its championing by the likes of Paul Krugman. Because this work deals with the issue of inequality … Continue reading

Posted in Economic Theory | 2 Comments

The Chosen Ones: Krugman’s Critique of the Critics

Krugman is out with a kind-of-sort-of attack on critics of economics. It’s not surprising because Krugman is a very kind-of-sort-of type of guy in many of his opinions. The language of his latest piece, however, is somewhat bizarre. He labels … Continue reading

Posted in Economic Theory | 10 Comments

Solow’s Nobel Prize Lecture: Talking Out Both Sides of His Mouth

The other day I did a post comparing Solow’s growth model to the older Harrod-Domar growth model. After writing it I read Solow’s 1987 Nobel Prize address which looks at the history of growth theories in context. It is a … Continue reading

Posted in Economic Theory | Leave a comment

Unemployment and Wages in the US: A Tale of Institutional Change

Just a very short post this morning to highlight an incredibly interesting chart that I put together. Below I have mapped out year-on-year changes in wages against the unemployment rate. The results are very interesting indeed. As we can see, … Continue reading

Posted in Economic History | 3 Comments

Chasing Utopia: Solow Versus Harrod-Domar

I’m currently reading Robert Solow’s paper A Contribution to the Theory of Economic Growth in which he lays out his famous Solow growth model. I don’t want to get into the actual model laid out here but instead ask what … Continue reading

Posted in Economic Theory | 1 Comment

The Interaction of Economists and Money Cranks in the Depression Years

Yesterday I ran a post that briefly delved into the connection between Keynes and the money cranks of the 1920s and 1930s. There I showed that Keynes’ ideas cannot be said to have been influenced in any substantial way by … Continue reading

Posted in Economic History, Economic Theory, Politics | 90 Comments