Finance has always been more profitable

Posted by | 12:45 PM
Evan Soltas recently turned heads with a claim that the finance sector takes home half of all business profits in the United States. It tur...

Why liberals shouldn't turn against immigration

Posted by | 2:10 PM
Dean Baker easily could have gone into academia, or sold out and gone on to make big bucks consulting in the private sector. Instead he did ...

Django Unchained: A white revenge fantasy

Posted by | 7:30 AM
I don't intend to branch out into movie reviews, but Django Unchained struck me as a pretty politically important film, so I wanted to...

Intelligence boosts for everyone!

Posted by | 12:57 PM
One time a guy accused me of "wanting to always be the smartest guy in the room". I replied: "Apparently you haven't seen...

New Atlantic column: Capitalism and the end of growth

Posted by | 1:50 PM
New column up at the Atlantic , on whether or not capitalism requires infinite resource exploitation : When we bump up against our planet...

Is the business cycle a cycle?

Posted by | 11:12 PM
Modern "business cycle" models used by mainstream macroeconomists are, for the post part, not actually models of cycles. When we t...

David Graeber: Debt is bad, or something...?

Posted by | 3:57 PM
In the blogosphere, David Graeber is known as a sort-of-leftish guy with a tendency to fight with other people on the left (he has called Sl...

The corporate cash puzzle

Posted by | 4:26 PM
Paul Krugman raises a puzzle : [C]orporations are taking a much bigger slice of total income — and are showing little inclination either to ...

The Koizumi years: A macroeconomic puzzle

Posted by | 12:56 PM
Paul Krugman rightly points out that Japan's growth during the period of 2000-2007 - roughly, the Junichiro Koizumi era - was a lot str...

In defense of the EMH

Posted by | 6:55 PM
The "Efficient Markets Hypothesis" is a popular target of anger and derision among lay critics of the econ profession . How can fi...