Category Archives: Uncategorized
As we’ve learned in the last year, this hardly captures the half of it.
Reporter Peter Coy takes on the macreconomics profession in a BusinessWeek cover story titled “What Good Are Economists Anyway?” The story inside is titled, “Hey, Economics Geniuses, What Happened?” Here’s an email I dashed off to Mr. Coy: Peter — … Continue reading
Legislation which confers massive arbitrary power upon the executive branch is not rule by law, it’s a form of rule which the Founders called tyranny. Hayekian journalist George Will drills down on the significance to a free society of the … Continue reading
Thomas Frank on The Peter Principle in financial journalism: If the world of financial infotainment can itself be described as a “market,” it is a market where accountability does not seem to exist, where the heaviest of incentives seems to … Continue reading
“Neoliberalism” is a term hard left academics in Latin America have long used as their preferred pejorative label for a grossly cartoonish and dishonest mischaracterization of the ideas of classical liberalism and those like F.A. Hayek who have worked to … Continue reading
An important paper from David Colander, et al: “The Financial Crisis and the Systemic Failure of Academic Economics” (pdf). Abstract: The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to … Continue reading