Michael Spence joins the heretics

Posted by | 2:34 PM
Michael Spence, winner of the 2001 economics Nobel, joins the heretic movement that was given voice by Andy Grove : The structural evolutio...

Trade models I teach - the Ricardian trade model

Posted by | 3:02 PM
In my last post , I wrote: I myself have participated in this, in the Introductory Macroeconomics course I TA for at the University of Michi...

The sum of all heresies

Posted by | 10:24 PM
Tim Duy weighs in on the industrial policy discussion touched off by Andy Grove's article in Business Week . His post is telling, becau...

Andy Grove comes out in favor of industrial policy

Posted by | 3:16 PM
Andy Grove, the famous Intel boss who built the company into the world's leading semiconductor manufacturer, has come out in favor of ol...

More Athreya smackdown

Posted by | 11:13 AM
Just to add to the list of bloggers smacking down Kartik Athreya for his assertion that bloggers shouldn't talk about economics, we hav...

Jobless recoveries - mystery solved!!!

Posted by | 10:31 AM
Bill Gavin and Menzie Chinn solve the mystery of the "jobless recoveries" we've been having since the early 90s: In the earli...

Economics would be hard...if it worked.

Posted by | 8:14 AM
Wow. Kartik Athreya, researcher at the Richmond Fed, set off a blogging conflagration the likes of which I haven't seen since George Wil...

Health Care and the Debt-pocalypse

Posted by | 12:38 PM
More and more, one single truth about America's national debt is becoming clear: If we don't want an unsustainable increase in our d...

Country profiling for immigrants is a GREAT idea

Posted by | 9:29 AM
In this article in MacLean's , Charlie Gillis worries that Canada is engaging in too much "country profiling" in its immigrati...

Behavioral political economy

Posted by | 8:42 AM
Superhero economist Paul Krug-man, and his favorite sidekick J. Bradford, are hopping mad over the turn toward fiscal austerity in European ...

A quick, clean intellectual shower in the cold, pure waters of discredited bullshit

Posted by | 12:56 PM
Albert Einstein claimed that "God does not play dice" with the interactions of subatomic particles. Actually, as it turned out, He...

Hamas is OK, You're OK

Posted by | 6:58 PM
When I was seven, my dad taught me about the Viet Cong. Although they were very brutal, he said - torture, murdering civilians, terrorism, a...