EconoSpeak
Saturday, May 7, 2016

Game theory and rationality -- the road less traveled

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In " Game Theory and Cold War Rationality: A Review Essay ," Roy Weintraub reviews two recent books, The World the Game Theorists ...
4 comments:

What Donald Trump Is Telling Us about Popular Understanding of Debt and Assets

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I see Trump’s suggestion that the US haircut holders of treasury debt through a different lens than most observers.  Almost every year, I w...
6 comments:
Thursday, May 5, 2016

Growth analogies, microfoundations and Mathematical Biology of Social Behavior

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You want MICRO foundations? In  Mathematical Biology of Social Behavior , Nicolas Rashevsky attempted "the next step" of examining...
7 comments:
Wednesday, May 4, 2016

The Microfoundations of the Weeds in the Garden Model

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Last fall John Cochrane argued: Sclerotic growth is the overriding economic issue of our time. From 1950 to 2000 the US economy grew at an...
3 comments:

Prayer - Science = 0

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Yes, it’s okay to talk about climate change right now . The devastating natural disaster in Fort McMurray is " consistent " with c...
5 comments:
Tuesday, May 3, 2016

Does Kevin Williamson Understand Keynesian Economics?

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On July 12, 2003, Kevin Williamson wrote: Draconian cuts. Indeed. This is all very good, and it deserves to become law. But it also offers...
Monday, May 2, 2016

Joan Robinson and Beggar Thy Neighbor Policies

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Many thanks to Barkley for his tribute to Joan Robinson, which included this interesting line: In 1937 she wrote her influential essay on ...
20 comments:

The Legacy of Joan Robinson

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Over a week ago Joan Robinson came up in connection with the ongoing controversy over Gerald Friedman's analysis of Bernie Sanders's...
23 comments:
Saturday, April 30, 2016

Revenue Neutral. Politically Neutered.

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Yesterday I was asked to write a comment on the debate over initiative I-732 in Washington State which would establish a revenue-neutral car...
11 comments:
Friday, April 29, 2016

Carbon Politics

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I’ve always appreciated David Roberts’ voice in debates about climate policy.  He reads widely, looks for the strong points of arguments he ...
3 comments:
Wednesday, April 27, 2016

Incidence of the Soda Tax

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Paul Krugman comments on an interesting debate between Bernie Sanders and Hillary Clinton: So Sanders and Clinton are arguing about soda t...
7 comments:
Tuesday, April 26, 2016

Could A Higher Minimum Wage Increase Employment?

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One of the debates among the Democrats is how much to raise the minimum wage. The President wants it near $10 an hour, Mrs. Clinton is talki...
10 comments:
Monday, April 25, 2016

Is the Road to Hell Paved with Pareto Improvements?

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In a large multiplayer prisoner’s dilemma, any change in any one individual’s strategy doesn’t affect anyone else, so a player can know tha...
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On Those Clueless Establishment Economists and Free Trade

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I was curious what Bernie Sanders meant on Meet the Press yesterday with his line about how it was too late for “establishment economists”. ...
8 comments:
Sunday, April 24, 2016

Hysteresis and 9/11

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Noah Smith says I got mad at Gerald Friedman. What makes me mad are cheap shots like this: Honestly why would anyone positively cite Joan...
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