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Showing posts with label Chicago School. Show all posts
Showing posts with label Chicago School. Show all posts
Monday, September 16, 2019

ProMarket — “The World Has Changed”: the New York Times on Luigi Zingales, the “Chicago School,” and the Threat of Tech Monopolies

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A New York Times profile summarizes the work done by Luigi Zingales and the Stigler Center on regulating digital platforms and describes it...
Saturday, July 22, 2017

Brian Davey — Mismodelling human beings – “rational economic men” in love, politics and everyday life

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This chapter explores the assumptions about human nature on which mainstream economics is based. The description of “rational economic man...
4 comments:
Tuesday, January 31, 2017

Bill Mitchell — Another Milton Friedman legacy bites the dust

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Milton Friedman and his gang at Chicago, including the ‘boys’ that went back and put their ‘free market’ wrecking ball through Chile under ...
12 comments:
Sunday, August 21, 2016

Lars P. Syll — De Vroey’s Chicago style History of Macroeconomics

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Preferring theory to reality. Is it science or ideology? Looks like ideology to me, but I'm only a philosopher and logician rather th...
Sunday, May 29, 2016

Lars P. Syll — The tiny little problem with Chicago economics

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John Cochrane and Robert Lucas going off again. Government spending "crowds out" private spending. Bill Vickrey points out the ...
1 comment:
Friday, March 4, 2016

Lars P. Syll — Robert Solow on Chicago economics

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Don't get sucked into debates where the framing is based on erroneous assumptions and inappropriate methodology. Lars P. Syll’s Blog ...
Tuesday, February 2, 2016

Diane Coyle — Capitalism and the law

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Short review of The Great Leveler: Capitalism and Competition in the Court of Law by Brett Christophers.  I greatly admired his previous ...
Friday, January 29, 2016

Yanis Varoufakis — How Do the Economic Elites Get the Idea That They ‘Deserve’ More? Lessons from Game Theory

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The ‘haves’ of the world are always convinced that they deserve their wealth. That their gargantuan income reflects their ingenuity, ‘human...
Tuesday, June 16, 2015

Lars Syll — ‘How I became a Keynesian’ — Richard Posner

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When my information changes, I alter my conclusions. What do you do, sir? — John Maynard Keynes   Reply to a criticism during the Great ...
4 comments:
Thursday, May 28, 2015

Paul Romer — Mathiness and Academic Identity

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Paul Romer clarifies his position on mathiness. I see a marked deterioration in the progress that economics is making as a scientific di...
Thursday, May 21, 2015

Paul Romer — Research without Reading

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The ultimate takedown of Robert Lucas and the Chicago School. ROFLMAO. Romer hits a homer on this one. Bonus:  it is short, too. Paul R...
Sunday, March 15, 2015

Lars P. Syll — David Andolfatto and the Chicago dismissal of ‘involuntary unemployment’

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Roger Farmer schools David Andolfatto on some history of economics.  The dismissal of ‘involuntary unemployment’ from the lexicon of the...
Sunday, December 28, 2014

David F. Ruccio — Bad ideas of mainstream economics

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The following post was contributed by Richard McIntyre, in response to Alan Blinder’s review  of Jeff Madrick’s book, Seven Bad Ideas: How ...
Friday, November 21, 2014

Eric Schliesser — The Technocratic Conception of Politics (The Economists and Rawls redux)

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By a 'technocratic conception of politics,' ( recall ) I mean to capture the following three features of an enduringimage of politi...
Saturday, August 9, 2014

Eric A. Posner and Glen Weyl — Thomas Piketty Is Wrong: America Will Never Look Like a Jane Austen Novel

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Piketty’s conjecture that we will reach the same or worse levels of wealth inequality than in the nineteenth century is implausible. Moreov...
Tuesday, May 6, 2014

Corey Robin — The Calculus of Their Consent

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Remembering Gary Becker (et al) Kathy also mentions this article that Becker wrote in 1997 about the Chicago Boys who worked in or with t...
Thursday, August 29, 2013

Daniel Little — Poverty and economics

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How important should the subject of poverty be within the discipline of economics? Some economists appear to think it is a very small issue...
1 comment:
Tuesday, April 23, 2013

Rowan BosworthDavies — How the legacy of Thatcher and Reagan made the 2008 financial crisis inevitable

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The consequences of Thatcher and Reagan's Friedman and Hayek-inspired free market utopianism and market fundamentalism. Adds more detail...
15 comments: