ProMarket (blog) George Stigler and How Freshwater Economics Won the DayProMarket (blog)Things, of course, have changed since then, largely due to the contributions of Stigler himself, a brilliant economic theorist and somewhat of an anomaly among his Chicago peers. “George said to me one day, in contrasting himself to... Read more
The Wire Is Economics Really Robbing Poor Women of Their Reproductive Rights?The WireIn The Economization of Life, Michelle Murphy suggests that the entire edifice of modern economics was built to serve a conspiratorial purpose. Children play at the sprawling Mathare slums, one of the largest and poorest in Africa,... Read more Press Real World Economics: In tax code, death by a thousand Presslotterman Both houses of Congress have passed tax bills. Exactly what reconciliation will bring is unknown, but some bill will be signed. It will include substantial corporate rate cuts and a lower tax burden on high-income... Read more
How Race Frames Whites Votes and Shapes EconomicsHuffPostStill, among Whites, what does the data tell us about economic distress vs. racial resentment? Trump beat Clinton among Whites at every income level, with big margins – 17% to 28% – at every income level under $200,000. The biggest spread, 28%... Read more
Economics Will Be Our Ruination, Bitcoin Edition—and Some Notes on Securing Your CryptocurrencyCompetitive Enterprise Institute (blog)Asked about Bitcoin last week, economics Nobel laureate and Columbia University professor Joseph Stiglitz said, among other gems, “It ought to be outlawed. It doesn’t serve any socially useful function.” His views have been... Read more
Fin24 Ruining a century of textbooks on economicsFin24Keynes had no degree in economics, like Adam Smith, the ‘father’ of economics, and the Wright Brothers who first flew before any of the highly qualified people with government backing could get their heads around the problem. According to a report from... Read more
Island Packet ‘Voodoo economics‘ is still voodooIsland PacketThe moon is made out of blue cheese; there’s a pot of gold at the end of the rainbow; a cat has nine lives; Einstein failed math; on Halloween, the Great Pumpkin rises out of the pumpkin patch with a bag of... Read more
Wall Street Journal (blog) Why Aren’t More Women and Minorities Studying Economics?Wall Street Journal (blog)The economists guiding policies on everything from housing to health care disproportionately hail from one demographic group: white men. The pipeline that feeds the field is still proportionally lacking women and minorities, according to new... Read more
USA TODAY Biden Foundation launches forum on middle class economicsUSA TODAYFormer vice president Joe Biden’s foundation announced Wednesday the launch of the Biden Forum, an online conversation on the future of work and equality in America. The decision follows Biden’s lifelong commitment to fighting for working Americans …Biden Foundation... Read more
The Week Magazine Trevor Noah is baffled by GOP tax politics, trickle-down economics, has a plan to thwart RepublicansThe Week MagazineBut Republicans insist that permanent large tax cuts for corporations and gifts for millionaires will actually help the middle class — a concept, trickle-down economics, that Noah found confusing:... Read more