The dismal science Archives - Page 36 of 137

Defining the Tax Reform Battleground

How tax “reform” policy discussions reinforced destructive economic ideas.

Bill Black: DSGE Dilettantes v. ADM God Devotees

Black shows how DSGE defenses fall apart, even as their backers lash out at critics.

Why Stopping Tax “Reform” Won’t Stop Inequality

Inequality isn’t driven by taxes—it’s driven by the power of capital in relation to workers.

The DSGE Model Quarrel (Again)

Economists duke it out over a new defense of discredited but still widely used DSGE models.

How Hayek’s Evolutionary Theory Disproves His Politics

How critics of Hayek, like those of Marx, fixate on his politics and ignore his important economic insights.

MIT Professor Angrist Publishes Obviously Misleading Analysis of Uber Driver Economics….With Uber Chief Economist as Co-Author

More Uber boosterism masquerading as analysis.

Monetary Mental Illness

Puzzling over why more people don’t embrace Modern Monetary Theory.

How Market Competition Really Works

One of the best models of competitive markets in an economy is an evolutionary one.

The Republican Tax Plan

Economists discuss the Republican tax proposals and for the most part, find a lot not to like.

Nothing Natural About the Natural Rate of Unemployment

Lambert here: “Natural” is indeed one of those words you should watch out for (like “we”). As in, for instance, “natural disaster.” And, of course, the Natural Rate of Unemployment (NAIRU). It’s often amusing to replace “natural” with “artificial”; generally there’s no loss of meaning, and often additional clarity is induced. By Edmund Phelps, the […]