Via Economist’s View, I saw this paper by Case, Quigley, and Shiller (REPEC). Let me start with the positives, which are many: They are excellent writers, They get to the point – and have a clear idea of how important this sort of issue is for trying to understand cyclical phenomenon, They have pulled together […]
Note: Edited for the raft of horrible typo’s in the post – my apologies. Originally this wasn’t going to be a post but just turned into one. I would use the excuse that my new keyboard doesn’t have key labels, but that wasn’t the reason for all of the typos! Thanks to the heads up […]
In my gradual process of trying to figure out what I am going to write when comparing Tarot Cards to Economics, it has become increasingly clear to me how the production function and preference relations of economics function (the primitives of an economic model) as “archetypes” for our discipline – and how many non-economists do […]
There was an interesting article by Mai Chen in the Herald on Wednesday. There is a lot of lawyer rhetoric in there. The only reason I really noticed is that I was reading McCloskey’s “the Rhetoric of Economics” and just yesterday went through the chapter on Coase when the rhetoric of lawyers was discussed. This […]
Over on Rate’s Blog I’ve seen an approving link to an article discussing the “currency wars” that are going on around the world. As Lars Christensen says here, and as we’ve said on many occassions ourselves given that monetary policy is pegged to an implicit inflation target this isn’t “beggar thy neighbour” policy at all […]
Here is me talking about robots. Here is the conclusion: One of the concerns is that even with current technology robots can essentially work for an implied wage of $4 an hour achieving many of the same tasks that a low skilled worker can achieve. If robots could do all unskilled work for $4 an […]