I’ve been ruminating for a few days on this post by Brad DeLong defending Larry Summers. Here is Brad’s version: Summers (and Brad himself...

Having read the latest supply-side silliness from Art Laffer , I think we should ask Stanford University how they ever gave a Ph.D. in econo...

The short answer is yes regarding the price of gold, although I think I avoided making my most incorrect predictions public on this or other...

Now that Obama has initiated Phase II of his presidency with yet another craven retreat—this time on the Bush tax cuts—perhaps we should tak...

The earmark debate is just another example of how the Republican Party is not serious about fiscal responsibility: But, while DeMint and ot...

Let me endorse almost all of Brad’s platform for the bipartisan technocrats which is what he says Robert Rubin should be saying. It is cla...

http://rwer.wordpress.com/2010/10/22/the-nobel-family-dissociates-itself-from-the-economics-prize/

A major meme among those championing a "do nothing" policy in the face of the recession since 2008 has been how short, if sharp, t...

Nick Rowe, over at Worthwhile Canadian Initiative, has offered an alternative explanation for excess supply . For the full treatment, see h...

"Constant Capital and the Crisis in Contemporary Capitalism: Echoes from the Late Nineteenth Century" looks at the current crisis ...

This letter was sent to the President, who failed to heed the warning, which turned out to be correct. "You have made yourself the Trus...

I have just taught the theory of the supply curve at the principles level for the umpteenth time, and my conscience is in open rebellion. T...

"High Speed Pork" is the heading on a column in yesterday's WaPo by the non-economist economics commentator Robert J. Samuelso...

A little more than a year ago, I posted a note using football as a metaphor for the futility of effective regulation. http://michaelperelman...

I have been periodically raging against the ignorance of those who would slash fiscal deficits without regard to fundamental accounting iden...