Tag Archives: Economics

Modern Monetary Theory (MMT) continues to make inroads into the mainstream discourse with the appearance of an article by Youssef El-Gingihy in The Independent Online. The article features MMT in connection with the new book by Bill Mitchell and Thomas Fazi, Reclaiming the State. At its recent rate of dissemination, MMT may transition from heterodox to mainstream ahead of expectations. Although the finer points of MMT can get quite involved, the most basic takeaway is very simple. For...

Rumour has it that yours truly is celebrating his 60th birthday visiting​ his favourite town. Regular blogging to be resumed next week.  [embedded content] div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements

IPA has an opening for a Country Director for our Sierra Leone and Liberia offices (above photo comes from the former). A lot of interesting projects are happening there and our offices there have historically worked very well with the governments. I’ll let Rachel Glennerster describe it: But the best reason is the amazing staff, here’s Jishnu Das talking about the Liberia office’s recent high profile RCT of public-private partnership schools there: Finding children who have left a school...

IPA has an opening for a Country Director for our Sierra Leone and Liberia offices (above photo comes from the former). A lot of interesting projects are happening there and our offices there have historically worked very well with the governments. I’ll let Rachel Glennerster describe it: But the best reason is the amazing staff, here’s Jishnu Das talking about the Liberia office’s recent high profile RCT of public-private partnership schools there: Finding children who have left a...

IPA has an opening for a Country Director for our Sierra Leone and Liberia offices (above photo comes from the former). A lot of interesting projects are happening there and our offices there have historically worked very well with the governments. I’ll let Rachel Glennerster describe it: But the best reason is the amazing staff, here’s Jishnu Das talking about the Liberia office’s recent high profile RCT of public-private partnership schools there: Finding children who have left a school...

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When economists become as modest as the physicists In advanced economics the question would be: ‘What besides mathematics should be in an economics lecture?’ In physics the familiar spirit is Archimedes the experimenter. But in economics, as in mathematics itself, it is theorem-proving Euclid who paces the halls … Economics … has become a mathematical game. The science has been drained out of economics, replaced by a Nintendo game of assumption-making …...

At last — the cause of Christmas has been discovered Every schoolboy knows that cash in the hands of the public regularly shoots up at Christmas, goes down in January and shoots up again around the summer bank holiday. Nobody would suggest (not even Professor Friedman, I believe) that the increase in note circulation in December is the cause of the Christmas buying spree. But there is the question that is more relevant to the Friedman thesis: Could the...

Pure game theory — an irrelevant tautology Applied game theory is a theory of real-world facts, where we use game theoretical definitions, axioms, theorems and (try to) test if real-world phenomena ‘satisfy’ the axioms and the inferences made from them. When confronted with the real world we can (hopefully) judge if game theory really tells us if things are as postulated by theory. But there is also an influential group of game theoreticians that think that...

Admati on ‘the banker’s new clothes​’  [embedded content] div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements