Monthly Archives: December 2013

2013 — The Ugly, The Bad and The Good

It’s late morning of the last day of 2013 as I make my contribution to the year’s summary. I’m doing Sergio Leone’s iconic title backwards because I want to end on an up note.  Not an optimist by nature, I … Continue reading

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The Cult of the Invisible Hand

The triumph of bizarre ideologies in economics, some (such as “trickle-down” and “austerity”) so clearly wrong it is hard to see how anyone can actually believe them after due reflection, and others (like “stability” and “equilibrium”) equally, though perhaps less … Continue reading

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Economics: The Lost Science

As the year 2013 draws to a close, this post summarizes the concerns that have been driving me these past two years about the deterioration of the “science” of economics. The year 2014 will be a watershed year for economics … Continue reading

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