Everything you may have wanted to know about equilibrium in economics.Post Keynesianism generally dismisses the neoclassical assumption of equilibrium in economic theory, but these posts serve to clarify the concept and the debate around it. David Glasner explores the history, while Jason Smith comments on the concept for the POV of physics and explains it in terms of information equilibrium.Uneasy MoneyOn Equilibrium in Economic Theory David Glasner | Economist at the Federal Trade...
Read More »Chris Dillow — Facts vs hand-waving in economics
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
Read More »Brian Romanchuk — Book Review: A Random Physicist Takes On Economics
Wonkish unless you have been following Jason Smith's blog on information transfer economics. For those who have, his book looks like an interesting read, and Brian's review is helpful in approaching it.Bond Economics Book Review: A Random Physicist Takes On EconomicsBrian Romanchuk
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