Formula n. 1.   fixed form of words as definition; statement prescribed for use on ceremonial occasion; rule unintelligently followed; infan...

Paul Krugman has some fun with the latest from Robert (no relationship to Paul) Samuelson: My point was that the legend of Reaganomics — ...

There are two questions here to be answered, one of which has a new answer.  The first is the origin of the concepts that make up modern eco...

The econ blogosphere has its fleeting obsessions, and the first of the new year seems to be whether heterodox economists have anything meani...

Very likely. Reports from Novembe r report that the Saudi government has been preparing its budget for the price of oil to be between $45 an...

Introduction to Part III of the panel of consultants' report: Part III of the consultants' report, "Some principles, and so...

Yes, random tidbits not following any pattern from the recently completed ASSA meetings in Boston. In commenting on a paper about endogeno...

I am not against compromises.  I am against compromises that don’t know, or have forgotten, that they are compromises. (This is t...

NSC-68 proposed a vast rearmament program to be financed through a "dynamic expansion of the economy" such that "the re...

This is the season for blog posts about What I Learned at the ASSA Meetings.  Maybe the single most important takeaway for me occurred in th...

Mark Thoma and  Edward Kleinbard  both have op-eds about Republican proposals for "dynamic scoring" of tax cut legislation. It wo...

Let this be the year when we put a proper price on carbon  is the theme and headline of an op-ed by Lawrence Summers at the Financial Times....

The three time governor of my state and the father of our current governor has passed away. Mario – you will be missed. My tribute is to l...

Bruner and Postman (1949): Generally speaking, there appear to be four kinds of reaction to rapidly presented incongruities. The first of ...

On Democracy Now, December 12, 2014 , Amy Goodman spoke with Sean Sweeney of the Cornell Global Labor Institute about claims that the Keysto...