Archive

Plumbing Matters

The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil

Focus on quantities

First ECB, then EFSF

The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.

The future of macro, he says, may well make “the formation and revision of expectations an object of analysis in its own right.”

The reputation of economics and economists, never high, has been a victim of the crash of 2008.

This one is different. Tiago, Benjamin and Floris have asked a dozen economists in the Bretton Woods hotel hall to reflect on the way their teaching has been affected by the current economic crisis and their answers, taken collectively, are quite puzzling.

Forget the G7, Watch the C5

At its core, this rolling crisis is really about financial globalization.

Financial Globalization versus the Nation State

I cannot resist but to start quoting Mary Morgan’s second entry to the second edition of the New Palgrave: “Modeling became the dominant methodology of economics during the 20th century.”

While waiting for TALF

Can the renminbi displace the dollar as the world’s international money?

I thought I could use some of my illegitimate blog administrator’s privileges to participate in the discussion on the “progress in economics” post by Floris without being lost in the midst of other users’ comments.