Tag Archives: ideology

Although this sounds extremely harsh, it is the only way to describe aspects of DSGE macro such as the assumption that the level of interest rates is a key determinant of economic behaviour. In practice, this assumption is built into all mainstream models, and the empirical methodologies have no way of rejecting the assumption. It is not entirely an accident that the consensus has been shocked by the slow pace of recovery after modern recessions -- after all, it was believed that the level...

Following his ouster from New America, antitrust scholar Barry Lynn talks to ProMarket about academic capture and the power of digital platforms like Google. I don't know about "slow and creeping." A lot of influential think tanks were founded by big money to promote ruling elite ideology as a means of influence and propaganda. Coupled with increasing centralization of media control and inroads of influence into eduction, the forum free enquiry and debate is shrinking.ProMarket — The blog...

By James Kwak Economism—the simplistic, unreflecting application of Economics 101 models to complex, real-world issues—is particularly influential in the law, including both legal academia and actual court opinions that decide important questions. The "economism" that @jamesykwak talks about is at its worst in the legal profession: https://t.co/84oUoNl49r — Noah Smith (@Noahpinion) January 17, 2017 Noah Smith, for example, points to a paper by a law professor arguing that forced...

By James Kwak Economism—the simplistic, unreflecting application of Economics 101 models to complex, real-world issues—is particularly influential in the law, including both legal academia and actual court opinions that decide important questions. The "economism" that @jamesykwak talks about is at its worst in the legal profession: https://t.co/84oUoNl49r — Noah Smith (@Noahpinion) January 17, 2017 Noah Smith, for example, points to a paper by a law professor arguing that forced...