Showing posts with label growth theory. Show all posts
Showing posts with label growth theory. Show all posts

Sunday, June 21, 2015

Sandwichman — Keynes "hadn't got round to it"


Keynes and growth theory.

Ecological Headstand — The Work Less Institute of Technology: Because Working Less IS a Technology!
Keynes "hadn't got round to it"
Sandwichman
ht Art Shipman at The New Arthurian Economics

Thursday, April 30, 2015

Mark Thoma — Paul Romer on Growth Theory and 'Work That is Scientifically Unjustifiable'

Then we can ask if it is a good idea or a bad idea to have more intellectual property rights or more protection of ownership of ideas. We know that the answer here is mixed. Sometimes some amount of it can be good, but it can also be harmful if the property rights are too strong or are given to the wrong types of ideas. But if you don’t even allow for the possibility of ex post monopoly rents from the discovery of ideas, you can’t even ask the question. 
So it is scientifically unacceptable to have people who say, “We will never, as a matter of principle, consider a model in which there are ever any monopolies. We will dogmatically stick only to models of price-taking competition.” I think this an untenable scientific stance.
Economist’s View
Romer on Growth Theory and 'Work That is Scientifically Unjustifiable'
Mark Thoma | Professor of Economics, University of Oregoon