Articles

Recovery from recessions takes longer than it has in the past.

Reinhart and Rogoff’s 2010 paper “Growth in a Time of Debt” has recently come under scrutiny

INET Advisory Board members Carmen Reinhart and Kenneth Rogoff today issued a response to recentcriticism of their paper “Growth in a Time of Debt.” Their response in full is below.

What is the purpose of economics?

The INET conference in Hong Kong is serious business.

Although the objectivity-Grail Quest has ended with total success decades ago (so economists say), the question of the possibility and consequences of economists’ values smuggling into their daily practice still periodically surfaces, and crises make good times for such debates.

Paul Samuelson is well-known to have been a compulsive citer and for having a particular Whig program for the history of economics

For one more time traveling closer to home – Mainz! It’s been the annual meeting of the German Society of the History of Science (the kind of academic club one has to be nominated for membership).

For nineteenthth century figures such as Bentham and Jevons, the concept of utility was associated with satisfaction or pleasure experienced.

In this post, I would like to explore the views of preferences and behavior outlined in MWG Ch.1, and specifically the view of rationality developed in this first chapter.