The Slack Wire

John Cochrane , reporting from the NBER Summer Institute: The use of ancient quotations came up several times. I  complained a bit about ...

Here’s something interesting from Axel Leijonhufvud. It’s a response to Luigi Pasinetti’s book on Keynes, but really it’s an assessment of ...

So I've been reading Homer and Sylla's  History of Interest Rates . One of the many fascinating things I've learned, is that in ...

Part II of Capital begins with a puzzle: In markets, commodities are supposed to trade only for other commodities of equal value, yet someh...

Start with a point on language. People often talk about aggregate demand as if it were a quantity. But this is not exactly right. There...

The second issue of the new  Review of Keynesian Economics  is out, this one focused on growth. [1] There's a bunch of interesting contr...