Tag Archives: economics profession

Samuel Bowles and Wendy Carlin.I would say that CORE is an update rather than a new version.Lars P. Syll’s BlogA new paradigm for teaching economicsLars P. Syll | Professor, Malmo University

On Twitter this morning Jason Smith asked a good question. Is this, he asked, an “anonymous blog comment from a simpleton? ... Or analysis from a prominent financial economics professor?”... Stumbling and MumblingFacts vs hand-waving in economicsChris Dillow | Investors Chronicle

The big question is: what institutional—and perhaps political—changes are necessary to avoid another wild swing? Larry Summers: Get to grips with vicious cycles Martin Wolf: Pathology, prophylactics and palliatives Barry Eichengreen: Get to work on jobs Jim O’Neill: Learn to learn from China Tim Congdon: Figuring out (again) where the banks fit in Pretty good at asking some of the right questions. I agree that it is a should-read. WCEG — The Equitablog Should-Read: Prospect Magazine:...

We propose these Theses as a challenge to the unhealthy intellectual monopoly of mainstream economics. These are examples – of the flaws in mainstream theories, of the insights that alternative perspectives have to offer, and of the ways in which a more pluralist approach can help economics to become both more effective and more democratic. This is an assertion that a better economics is possible, and an invitation to debate.... RETHINKING ECONOMICS & THE NEW WEATHER INSTITUTE33 THESES...

The eminent Robert Skidelsky identifies three groups of economists who gave what ex post was clearly bad advice, and bad advice that mattered about fiscal policy, from 2009 on: Alberto Alesina and company with their “expansionary austerity” doctrines, Ken Rogoff and company with their “short-term-pain-for-long-run-gain” doctrines, and Ricardo Haussman and company with the “no choice but austerity” doctrines. All three groups, however, had reasons for their arguments and were thinking...

I’m not saying all economists can’t answer these questions. I’m saying that collectively these are core parts of what the discipline of economics should be about and yet are topics dealt with by fringe groups whose key insights have not penetrated the textbooks or been shared widely across the discipline.... Fresh Economic ThinkingSeven questions economists can't answerCameron K. Murray

This is a teaser from Left Out's upcoming episode with Stephanie Kelton on MMT and debunking budget deficit myths. Paul Sliker asks Professor Kelton to reflect back on her academic career in economics—a field with only 13% women economists in the U.S.The full episode on 'MMT and debunking budget deficit myths' will release this Thursday, March 8th.… Democracy @ WorkStephanie Kelton on women in economicsPaul Sliker

Femonomics. Important to critique of mainstream neoclassically based economics along with other forms of pluralism in contrast to mainstream orthodoxy. Real-World Economics Review BlogThe void in neoclassical orthodoxy Julie Nelson

Must-read. This should suffice as the last word on Simon Wren-Lewis's recent post. But it probably won't be.Bond Economics The Easy Way To Deal With Factionalism In Economics Brian Romanchuk Also My comment was finally approved and posted along with many others in the moderation queue: Tom Hickey2 March 2018 at 07:38 Who is being intransigent? As a non-economist MMT advocate (my PhD is in philosophy), it looks to me like the mainstream is the intransigent party. "The methodological...

How did conventional economics survive the crisis? Handwaving.Criticism of Paul Krugman and New Keynesian economics, which is based on "rational behavior and market equilibrium as a baseline" (Krugman).Skidelsky concludes, "Macroeconomics still needs to come up with a big new idea."  I would rephrase that as "a new big idea." Theories are based on a "big idea" that constitutes the architecture of the framework. Rationality and equilibrium isn't it.Project SyndicateHow [Conventional]...