Monday, March 2, 2015
Can Tax Cuts Lower Economic Growth?
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Jonathan Chait has some fun with uber-supply-sider Lawrence Kudlow which we will come back to. But first – let me offer a complaint about ...
5 comments:
Saturday, February 28, 2015
Labour Defended Against the Claims of "Human Capital"
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According to Guang-Zhen Sun, "Xenophon discussed in somewhat [sic] details the sexual division of labor within a family, a topic that w...
5 comments:
Thursday, February 26, 2015
Hume & Kapp, et al.
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Over at MaxSpeak , Sandwichman didn't get any response to his provocation that "human capital" was cooked up by the Chicago bo...
12 comments:
Tuesday, February 24, 2015
Larry Summers Tells It Like It Is
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From the unedited transcript , "Future of Work in the Machine Age" policy forum: Third, when I was an undergraduate at MIT in th...
7 comments:
"The Future of Work" has a Chequered Past
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The Hamilton Project had an event to discuss the Future of Work in the Age of the Machine. Lawrence Summers was there, along with Robert Ru...
Fortune and the Four-day Workweek
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What economists of the 1950s and 60s disparaged with the " lump-of-labor " hand, they typically celebrated with the "inevitab...
1 comment:
Monday, February 23, 2015
"Unemployment and Shorter Hours" -- Howard G. Foster
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The excerpt below presents a hypothetical example of how reducing the hours of work can create jobs without assuming a fixed amount of work...
Kudlow’s Deficit Dance
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I was not invited to the private dinner with Scott Walker but Paul Krugman notes who was on the guest list: Scott Walker, the governo...
Saturday, February 21, 2015
Economic Wisdom in Germany
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The negotiations between Greece and the rest of the Eurogroup were largely about how far, if at all, Germany could be pulled toward compromi...
7 comments:
Bizarre Russian Propaganda
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Yesterday I learned that blogs in Moscow, at least one called Energy-Life, are posting a supposed report put out by the RAND Corporation on ...
8 comments:
Friday, February 20, 2015
Homage to Max
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I have not asked the permission of Max of Maxspeak to post this, but I think there is a matter of public record that needs to be stated offi...
8 comments:
Break Their Haughty Frames
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They have taken untold millions that they never toiled to earn, But without our brain and muscle not a single wheel can turn. We can brea...
1 comment:
Thursday, February 19, 2015
Bad Faith Economics: A Cheap Market Will (almost) Always (tend to) Be Full of Customers (except when it isn't)
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As a rule , new modes of economy will lead to an increase of consumption according to a principle recognised in many parallel instances. Th...
Wednesday, February 18, 2015
The Utility of Utility (about the methodology of economics)
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For those who think that economics is, above all, a method and not a subject matter, the centerpiece of the whole enterprise is utility. In...
7 comments:
Tuesday, February 17, 2015
Who knew? People oppose austerity -- because the lump of labour fallacy!
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ht "The basic story put forward to justify austerity is that a reduction in debt will generate an economic turnaround, but why have ...
4 comments:
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