Tag: economics

What Good Are Economists?

Jan 16, 2015

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by

mwkruse

in Economics

Project Syndicate: What Good Are Economists? "… One reason may be the perception that many economists were smugly promoting the “efficient markets hypothesis” – a view that seemed to rule out a collapse in asset prices. Believing that markets always know best, they dismissed warnings by a few mere mortals (including me) about overpricing of…
The “Immorality” of Economics

Jun 12, 2014

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by

mwkruse

in Economics, Theology

Alex Tabarrok writes today, The Moral Inversion of Economic Thinking: In a delightful, short article on Economics and Morality, Timothy Taylor asks why economics has a reputation for leading to corruption: Political science, history, psychology, sociology, and literature are often concerned with aggression, obsessiveness, selfishness, and cruelty, not to mention lust, sloth, greed, envy, pride,…
The Limits of Economics

Apr 10, 2014

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by

mwkruse

in Economics

Greg Mankiw is an economist at Harvard and the author of economics textbooks. He recently wrote an excellent piece in the New York Times, When the Scientist Is Also a Philosopher. I appreciated this excerpt. …We economists often have only a basic understanding of how most policies work. The economy is complex, and economic science…
The Financial States of America

Sep 18, 2013

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by

mwkruse

in Demography, Economic News, Economics

The Financial States Of America by Money Choice has some interesting data about America. The link contains multiple captures from their interactive graphic.
What is Money?

Aug 26, 2013

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by

mwkruse

in Economics
Is Econ 101 killing America?

Aug 7, 2013

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by

mwkruse

in Economics

Salon: Econ 101 is killing America In the Middle Ages, people looked to the Church for certainty. In today's complex, market-based economies, they look to the field of economics, at least for answers to questions concerning the economy. And unlike some disciplines, which acknowledge that there's a huge gap between the scholarly knowledge and policy…
Saturday Links

Jul 27, 2013

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by

mwkruse

in Africa, Business, Capitalism and Markets, China, Crime, Culture, Economic Development, Economics, Environment, Links – Saturday, Politics, Public Policy, Race, Religion, Social Media, Sociology, South America, Technology, Technology (Digital, Telecom, & Internet)

1. Mark Buchanan asks Is Economics a Science or a Religion? 2. Poverty has moved to the suburbs I don't think this should be seen as necessarily a bad thing. A few decades ago, the idea was to "warehouse" the poor in large urban complexes. There has been an intentional effort at dispersal through various…
The Nordic countries: The next supermodel

Feb 13, 2013

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by

mwkruse

in Economics, Europe, Politics, Public Policy, Socialism

The Economist: The Nordic countries: The next supermodel Politicians from both right and left could learn from the Nordic countries. …The idea of lean Nordic government will come as a shock both to French leftists who dream of socialist Scandinavia and to American conservatives who fear that Barack Obama is bent on “Swedenisation”. They are…
The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices

Jan 22, 2013

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by

mwkruse

in Christian Life, Economics, Sociology

Atlantic: The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices A new paper reviews how psychology, biology, and neurology are ganging up on economics to prove that, when it comes to making decisions, people are anything but rational. Daniel McFadden is an economist. But his new paper, "The New Science of…
Economic Incentives and Science

Jan 8, 2013

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by

mwkruse

in Economics, Science, Sociology

Science Nordic: Science has always been driven by money There’s no way around it. Money is involved in just about everything. But just how has money affected history’s great scientific discoveries? We may now come closer to an answer, thanks to a new Danish-led research project, which examines the background of some of the great…