Microfoundations & Keynesianism

David Glas­ner (via Brad DeLong):   Micro­foun­da­tions are lat­est big thing on the econobl­o­gos­phere. Krug­man, Wren-​​Lewis (and again), Wald­mann, Smith (all two of them!) have weighed in on the sub­ject. So let me take a shot. The idea of refor­mu­lat­ing macro­eco­nom­ics was all the rage when I stud­ied eco­nom­ics as an under­grad­u­ate and grad­u­ate stu­dent at UCLA in the late 1960s and early …

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9 March 2012 – 8:46 am | By Benjamin Daniels | Posted in Economics | Comments (0)

The tyranny of literacy

The tyranny of lit­er­acy is those of us who intu­itively under­stand let­ters and num­bers and abstract sym­bols meant to rep­re­sent some­thing other than what they appear to be — that is handed down from intu­itive pro­fes­sor to intu­itive stu­dent while the oth­ers who are spe­cial­ized at feel­ing draw­ing imag­in­ing get only a groom­ing for lower …

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7 March 2012 – 9:43 pm | By Benjamin Daniels | Posted in Uncategorized | Comments (0)

Cato & the Kochs

Corey Robin (via Brad DeLong):   Yes­ter­day, lib­er­tar­ian blog­ger Julian Sanchez announced that if the right-​​​​wing Koch broth­ers suc­cess­fully take over the lib­er­tar­ian Cato Insti­tute, where he works, he’ll resign. (Accord­ing to most reports, the Kochs want Cato to be a more reli­able instru­ment of the Repub­li­can cause.) Today, Sanchez crit­i­cizespro­gres­sives who can’t help not­ing the irony of lib­er­tar­i­ans com­plain­ing about wealthy …

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7 March 2012 – 10:28 am | By Benjamin Daniels | Posted in Collectivism, Socialism, Communism, Corporations, Economics, Ownership, Public or Collective Ownership | Comments (1)