EconoSpeak
Friday, September 12, 2014

(Other things being elsewhere...) "It’s a ceteris paribus thing,"

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Paul Krugman : "It’s a ceteris paribus thing, just like supply and demand." Hans Albert, " Model Platonism: Neoclassical ...
2 comments:
Thursday, September 11, 2014

London Sharks the Lump

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Proof that economic journalists don't need to know any economics: Peter Coy is Bloomberg Businessweek's economics editor: "T...
1 comment:
Wednesday, September 10, 2014

Those fat monkeys

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Because... Marat/Sade. Those fat monkeys covered in banknotes Have champagne and brandy on tap They're up to their eyeballs in fran...

Durbin-Schumer Inversion Proposal

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Bernie Becker reports on an interesting proposal in the Senate: Schumer’s bill takes aim at a maneuver known as earnings stripping, a proc...

Supply Created its own Demon (other things being equal)

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What Sandwichman learned on his summer vacation Back in July, I had a 10,000 word draft addressing the question: why do defunct ideas pers...
1 comment:
Tuesday, September 9, 2014

SCIOD 14: Ceteris paribus, Dr. Jekyll tans his own Hyde

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"In too many cases one is unsure of exactly what restraints are being imposed and by what authority the exercise is legitimated. Fit...

Putin Gives Up Siberia To Get "Lugansk" Rather Than "Luhansk"

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Or maybe you prefer "Novorossiya," ("New Russia") the name given to southeastern Ukraine when Russia conquered it from T...

Interest Rates Go Nominally Negative In Europe

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While I have only seen it reported in small print deep in an article in the Financial Times, evidence of the newly expansionary monetary pol...
6 comments:
Sunday, September 7, 2014

Financing the Reforestation Hype

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Today’s New York Times has a great article on the funding of Washington think tanks by foreign governments.  It seems that some of the “ob...
1 comment:

Reforming the Economics Curriculum: Some Initial Perspectives on Fresh Start versus CORE

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The first fruits of the CORE project are now available for sampling, and of course I had to taste it for myself.  This is an international ...
2 comments:
Saturday, September 6, 2014

Explaining the "other things equal" clause to Nick Rowe

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At Worthwhile Canadian Initiative , Nick Rowe writes: "Those of us who teach Intro Economics know we have to spend some time careful...
7 comments:
Thursday, September 4, 2014

SCIOD 13: Beggars, Cranks and Feather Beds

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Indeed? Wealth is everything, men are absolutely nothing? What? Wealth itself is only something in relation to taxes? In truth, then, there...
1 comment:
Wednesday, September 3, 2014

Advantage Ordo-Liberalism

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At least in Hesse, Uber won’t be able to offer its peer-taxi service due to a ruling by a court in Frankfurt .  No, they weren’t objecting t...
1 comment:
Tuesday, September 2, 2014

The Last Of The Wobblies

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Two days ago my deep friend of a half century, William ("Billie") J. Grogan "blew his brains out," as it was first repor...
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SCIOD 12: Euclidean Rhapsodies

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"It is fairly obvious," John Maurice Clark, explained to Irving Fisher, Frank Knight and other participants in a 1920 American Eco...
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