A Well-Known Liberal Bias
Professors on America’s college campuses are politically quite liberal compared with the general public. A 2005 study that was discussed widely in the popular press at the time reported that perhaps...
View ArticleNoah Smith and Matthew Yglesias on Conservative Bias.
Both Noah Smith and Matthew Yglesias have weighed in on my earlier post in which I speculated that one reason that economics faculty are sharply more conservative relative to faculty in other...
View ArticleBrad DeLong Blows a Gasket
In an all-too-common gesture of blog-civility Brad DeLong has decided that I’m an idiot because he thinks I’m asking for some sort of balance in viewpoints on economics regardless of the soundness or...
View ArticleBaby Steps …
Related to my earlier posts, here is Francois Hollande channeling his inner Bill Clinton channeling his inner Milton Friedman …
View ArticleThe Fight Against Spinal Muscular Atrophy
As many of you know, my daughter, Abigail, has Spinal Muscular Atrophy (SMA). SMA is a terrible genetic disorder which affects children all over the world. Kids with SMA lack a gene which produces...
View ArticleThe Latest Macro Dust-Up
There have been several blog posts commenting on Kartik Athreya’s book, Big ideas in Macroeconomics: A nontechnical view and I wanted to make a couple of passing remarks pertaining to the blog posts...
View ArticleA Faustian Bargain?
Reflecting on a recent blog post by Simon Wren-Lewis, Paul Krugman argues that the modern insistence on microfoundations has impoverished macroeconomics by shutting down early understandings of...
View ArticleIs there a use for Real Business Cycle Models?
The Real Business Cycle (RBC) Model receives a lot of criticism from online bloggers and from other economists. A lot of the criticism is justified. The model assumes away all frictions and market...
View ArticleThe Fed in 2008
I’ve been reading through the recently released transcripts of the Federal Reserve meetings during the financial crisis and there are many noteworthy features which seem relevant for students of the...
View ArticleIs Behavioral Economics the Past or the Future?
There are fads in every field. As Heidi Klum would say “one day you’re in, and the next day you’re out.” Economics is not an exception. Trendy topics come and go. At any moment, it’s difficult to...
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