The Republican Tax Plan
Economists discuss the Republican tax proposals and for the most part, find a lot not to like.
Read more...Category Archives: The dismal science
Nothing Natural About the Natural Rate of Unemployment
Lambert here: “Natural” is indeed one of those words you should watch out for (like “we”). As in, for instance, “natural disaster.” And, of course, the Natural Rate of Unemployment (NAIRU). It’s often amusing to replace “natural” with “artificial”; generally there’s no loss of meaning, and often additional clarity is induced. By Edmund Phelps, the […]
Read more...The Movement to Replace Neoliberalism Is on the Ascendency – Where Should It Go Next?
The time is ripe for a movement to replace flawed mainstream economics…but what must it do to succeed?
Read more...Capitalism: Not With a Bang But With a (Prolonged) Whimper
The question: How does capitalism end?
Read more...Powell’s Federal Reserve
Economists wring their hands over what it means to have a mere lawyer, Jerome Powell, as Fed chairman.
Read more...The Real Economic Consequences of Martin Luther
How an article by Cantoni, Dittmar, and Noam Yuchtman force fits the Reformation’s economic changes into a neoclassical frame.
Read more...Skyscrapers and Land Values: Evidence from Chicago on the Costs of Building Tall Cities
Why “building tall” is not an answer to urban housing affordability.
Read more...Outsource or Not: A Serious Misreading of Coase
What Coase really said about oursourcing, and why that matters.
Read more...Gaius Publius: Defining Neoliberalism
A bit of clarification regarding the word “neoliberalism,” now that it is finally being used in mainstream stories.
Read more...The Rise and Fall of the Phillips Curve
The Phillips Curve is broken and is used by policy-makers to hurt workers. Can it be fixed?
Read more...Enlightenment Then, Enlightenment Now
On the role of the Scottish Enlightenment.
Read more...Quelle Surprise! Pollution Pays!
A study of DuPont’s failure to clean up emissions of a toxic chemical shows pollution is economical rational. Too bad the remedies are lame.
Read more...An Irrational Choice: Behavioural Economist wins Nobel Prize
A round–up of reactions to behavioral economist Richard Thaler’s selection for the so-called Nobel Prize for Economics.
Read more...How Economists Turned Corporations into Predators
How shareholder value theory and other bad ideas created lousy incentives for corporations’ executives.
Read more...The Great Italian Money Experiment
Italy has taken a step towards issuing a new currency in the form of tax credits. Will it make it more money-like by making it more tradable?
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