Lynne Kiesling Mike already anticipated me and beat me to it with his great post surveying the Cochrane and Critical Review reactions to what Alex Tabarrok today calls “Krugman’s theya culpa” in the New York Times magazine. I think all of the commentaries that Mike linked to are well worth reading and considering; not surprisingly, …
Tyler’s Nyt Article — Important and Well Worth Reading Read More »
Lynne Kiesling Today the Fraser Institute has released its 2009 Economic Freedom of the World Annual Report. Written by James Gwartney and Robert Lawson, with assistance from other authors as well, this report is one of the most valuable quantitative comparative economic analyses of the form and extent of economic freedom around the world. As …
Michael Giberson Krugman’s long essay in the New York Times Magazine last week continues to stir responses. (All of which are much more substantive and engaging than my supercilious remarks on Jane Smiley’s goofy Marxism in the Huffington Post. ADDED: For a more measured response to Smiley, see Steve Horwitz and Art Carden’s short explanation …
Reactions to Krugman on the State of Macroeconomics Read More »
Michael Giberson When Paul Krugman wrote about “how economists got it wrong” in the New York Times Magazine, after a few preliminary remarks the story became all about Keynes, Keynesians, and New Keynesians. By my count the name “Keynes” or some variant of it shows up over 50 times in the essay. He talks a …
Lynne Kiesling I’ve been reading a lot of neuroscience-related books this summer (more on that later …), and I’ve really been enjoying Jonah Lehrer’s blog The Frontal Cortex. If you are interested in the connections between the brain and human action and human decision-making, you will get a lot out of it. I will have …
Lynne Kiesling Toby Considine is a must-read on the conceptual issues underlying this challenge: how do we use communications technology and data standards at interfaces to enable decentralized coordination and emergent order in electricity distribution and retail electricity markets? Seriously, he’s been my go-to guy since I met him at the GridWise Architecture Council constitutional …
Lynne Kiesling Matt Welch does a sharp and thorough textual exegesis of parts of President Obama’s speech to Congress on healthcare (health care?) last night, in his article on the accusations of lying that are flying around Washington these days. Matt’s final paragraph struck me, not just because I think he (and President Obama, in …
Choice and Competition Protect Consumers of Healthcare … and Electricity Read More »
Lynne Kiesling Ron Bailey’s Hit & Run post, Ant Hills=Brains=Cities, reminded me of some really important, fundamental ideas that tend to get lost as we natter about financial regulation, health care regulation, climate regulation … Emergent orders abound, and occur at all sorts of different scales — molecular, cellular, all the way to complex social …
Emergent Orders Are All Around Us, Especially in Cities Read More »
Michael Giberson Or rather, as Smiley explains in a HuffPost piece, in “Mrs. Ticknor’s Social Studies class in 1962, when I did my report on ‘The Communist Manifesto’ and kept misspelling the word ‘bourgeois’.” She began the essay by complimenting Paul Krugman’s piece in the New York Times Magazine about the sorry state of economics …
Jane Smiley: “All I Need to Know About Economics I Learned in Kindergarten” Read More »
Lynne Kiesling My colleague Shane Greenstein does very interesting work on industrial organization and networks in Internet-related industries. These insights also bubble up when he is reflecting on his personal experience in his recent family holiday travels, as related on his blog. Here he relates what they found on their recent travels to northern Wyoming, …
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