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Showing posts with label neo-classical economics. Show all posts
Showing posts with label neo-classical economics. Show all posts
Tuesday, December 17, 2013

Merijn Knibbe — The difference a price level makes

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The European Central Bank targets the consumer price level, among other reasons because neoclassical macro-economic models often picture a ...
1 comment:
Sunday, February 3, 2013

Lars P. Syll — Neoclassical “Walt Disney” economics

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Price rigidities of all kinds are common in real economies. The nodal point in the macroeconomics, however, is not their existence, but rat...
3 comments:
Tuesday, September 11, 2012

Lars Syll — There is no trade-off between equality and efficiency

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Neoclassical economists often maintain that there is a trade-off between equality and efficiency. That this is a false contention is shown ...
3 comments:
Tuesday, August 28, 2012

Matias Vernengo — Krugman on the meaning of neoclassical economics

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So what is neoclassical economics? According to Krugman it is basically maximization and equilibrium.... This is clearly incorrect. Naked ...
1 comment:
Thursday, August 23, 2012

Matias Verengo on the Cambridge capital controversy

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Matias Verengo explains the Cambridge capital controversy. Naked Keynesianism Nick Rowe on Reswitching and the Capital Debates Matias ...
6 comments:
Saturday, August 18, 2012

Weekend Reading — More Debunking Neoclassical Economics

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The article is fairly short, but if you don't read anything more, at least read the first section, "Origins of Neoclassical economi...
6 comments:
Thursday, August 2, 2012

Robert Shiller on Behavioral Economics: Interview

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Important interview with Robert Shiller on behavioral economics. Must-read. He cover the high points and shows how the way economics is purs...
7 comments:
Thursday, July 26, 2012

Matias Vernengo — Why is neoclassical economics so resilient?

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Historical overview of economics, the present state and where it is headed in the immediate future. Must-read. Read it at Naked Keynesianism...
Tuesday, July 24, 2012

Simon Wren-Lewis issues a put-up-or-shut-up challenge to heterodoxy

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For heterodox economists Read it at mainly macro Can heterodox economists constructively engage the mainstream? by Simon Wren-Lewis
7 comments:
Thursday, April 19, 2012

Dirk Ehnts on the austerity fallacy

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Historical evidence says that austerity doesn’t work, and to my knowledge there is no theory that supports it either. You can, of course, u...
1 comment: