Tag: Economic thought

Economics after the crash

One of the topics I’ve revisited regularly on this blog over the last three years is the nature of economic knowledge and economic analysis. I have brought together nineteen of these blogposts as a collection of essays on the philosophy, ethics and methodology of economics. The essays touch on questions […]

On mainstream economics and neoliberalism

One of the most intriguing questions facing the merry band of wanderers interested in the philosophy and history of economics is how mainstream economic approaches appear to have emerged relatively unscathed from the Global Financial Crisis. Casual observers might well find this a bit of a puzzle. A […]

Dr Smith and the “neoclassicals”

Debates over the demarcation of different schools of economic thought are by no means new. Taxonomic disputes break out sporadically. Whether “mainstream”, “orthodox” and “neoclassical” economics ever have been, are, or could be synonymous is a question that has exercised several authors of a philosophical turn of mind. […]

Is a little economics dangerous?

A few weeks ago I had a brief exchange on Twitter with @unlearningecon about the possibility of introductory economics instruction going beyond teaching the neoclassical model of perfect competition and exploring alternatives. If I remember correctly our exchange didn’t get much beyond me saying that to do so […]

Keen insight into the monetary economy

Lucas Papademos, former vice-president of the European Central Bank, has now been installed as the new Prime Minster of Greece. The imminent arrival of former European Commissioner Mario Monti as Prime Minister of Italy will get the post-Berlusconi era properly under way. This is to be an era […]

On knowing what’s going on

Leading active members of today’s economics profession … have formed themselves into a kind of Politburo for correct economic thinking. As a general rule—as one might generally expect from a gentleman’s club—this has placed them on the wrong side of every important policy issue, and not just recently […]