Articles

I thought I was on to an inside reference when re-reading the General Theory when Keynes calls Marx, Edgeworth and others simply by name, but refers to “Professor Pigou” in several instances.

The International Human Dimensions Programme on Global Environmental Change (IHDP) recently published the Inclusive Wealth Report 2012, in which the authors propose a measure of wealth based on the stock of capital present in a country, as opposed to the flow measure of GDP.

Has the servant’s servant become the master’s master?

I always think of Adam Smith when I hear the term ‘division of labour’ - but I’m being cured of this by reading a bit more about Britains late 18th century in Jenny Uglow’s The Lunar Men.

At the heart of the Eurocrisis lies a vicious circle where once there was a virtuous one.

The Collapse of Free Market Macroeconomics

Here is a talk I gave recently at Wake Forest University.

The title of the conference, “Paradigm Lost,” is an obvious combination of two references.

I think I am on the track of what ‘New Economics’ is, and one could roughly sum up two days of presentations in two diagrams:

In science, empirical disciplines such as physics, chemistry, history, and parts of sociology and political science, reason from facts.