The Slack Wire

According to Keynes the purpose of economics is "to provide ourselves with an organised and orderly method of thinking out particular p...

Here's the thing about about saltwater, New Keynesian economists: They don't believe their own theory. Via John Cochrane , here is...

I just participated (for the last time, thank god) in the UMass-New School economics graduate student conference , which left me feeling pre...

Roger Farmer has a somewhat puzzling guest post up at Noah Smith's place , arguing that economics is right to limit discussion to equili...

More teaching: We're starting on the open economy now. Exchange rates, trade, international finance, the balance of payments. So one of ...

[Some days it feels like that could be the title for about 40 percent of the posts on here.] Steve Keen takes up the cudgels . ( Via .) T...

From The Economist 's report on this weekend's Institute for New Economic Thinking conference at Bretton Woods: The highlight of th...

... or at least some interesting posts. 1. What Kind of Science Would Economics Be If It Really Were a Science? Peter Dorman is one of those...

Sartre has a wonderful bit in the War Diaries about his childhood discovery of atheism: One day at La Rochelle, while waiting for the Macha...

A typically thoughtful piece by Cosma Shalizi , says Arjun. And it is thoughtful, for sure, and smart, and interesting. But I think it conce...

Old-fashioned economic models (multiplier-accelerator models of the business cycle, for example) operate in historical time: outcomes in one...

David Colender, in Beyond Microfoundations: Post Walrasian Macroeconomics , explains that Post Walrasian macro is based on the idea that com...