October 15, 2024

Occasional Xs: The futile attempt to recycle Marx (XXXIV)

 

Occasional Xs: Scrap the EconNobel (XXIX)

 

Occasional Xs: Economics still lacks correct macrofoundations (XXX)

 


For more about IS-LM see AXECquery

Occasional Xs: Scrap the EconNobel (XXVIII)

 

October 14, 2024

Occasional Xs: The futile attempt to recycle Keynesianism (LXI)

 

“Years ago I heard Mr. Cobden say at a League Meeting that ‘Political Economy was the highest study of the human mind, for that the physical sciences required by no means so hard an effort.’” (Bagehot, 1885)

This topos is the standard excuse when economists are confronted with the fact that, compared to genuine sciences, economics as a Cargo Cult (Feynman's term) has achieved virtually nothing in 200+ years. 

Occasional Xs: Scrap the EconNobel (XXVII)

 

Also at El-Erian.


For more about Institutions see AXECquery

Occasional Xs: Scrap the EconNobel (XXVI)