Rethinking Keynes and the Neoclassical Synthesis
In a blog post at the Financial Times’ Economists’ Forum (h/t Mark Thoma), Roger Farmer, a professor of Economics at UCLA, discusses forthcoming work that offers a new interpretation of Keynes distinct...
View Article“A triumph of good judgment”
Robert Skidlesky has an opinion piece in the Financial Times (h/t Mark Thoma) in which he injects the insight of Keynes and the notion of intellectual battles into current debates. Skidelsky is an...
View Article“An Idiosyncratic Road to Crisis Theory”
Michael Perelman, who blogs at EconoSpeak, has posted an essay (pdf) called “An Idiosyncratic Road to Crisis Theory” (actually, he posted it last sunday, and I’ve been too lazy to blog about it). He...
View ArticleEconomics and Its Course Requirements
American Spectator (h/t Thoma) has an interview with Robert Skidlesky, author of Keynes: The Return of the Master. One passage sticks out: JL: In closing your narrative, you make the unusual proposal...
View Article‘Unperson’ Economists
Via Crooked Timber (h/t Thoma), James Galbraith has an article (pdf) for the NEA Higher Education Journal in which he takes on mainstream economics as a whole. First, he points to a quote from...
View ArticleKeynes v. Hayek, Full Video
A while back, I posted a Newshour clip about the making of a Keynes/Hayek rap video. The full video has been released, and it is awesome- high production value and high comedy. Keynes’ biographer Lord...
View ArticleRadically Mainstream: Roger Farmer’s “New” Paradigm
I was given a manuscript by Oxford University Press, the publisher of Roger Farmer’s How the Economy Works, which was released yesterday. My review, which in the interest of disclosure was of my own...
View ArticleEpistemic Closure for Krugman/Mainstream Economics
This one is almost too easy. Krugman charges freshwater macroeconomists with epistemic closure. He writes, Ask a grad student at Princeton or MIT, “How would a new classical macro guy answer this?”,...
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