Economics

Archive for Economics

Tom Woods Interviews Me About My New Liberty Classroom Course

Interview here. And if you want to order the course, use this link to stick it to The Man. (The Man being Tom.)

A Crypto Puzzle

Developers come up with a new cryptocurrency that doesn’t involve “mining.” Instead, holders of the coins enjoy the creation of more coins, at the rate of 10% per year. (So you can use it to buy things, but if you just hold it, the number of coins you hold grows at 10% per year. The […]

Two Approaches to Criticizing Krugman on Kapital

Nick Rowe and I have both known that something was unsettling in Krugman’s recent posts involving capital theory and the corporate income tax. (BTW this isn’t ideological: I would’ve written the same thing about Steve Landsburg’s diagram except he had too much extra stuff going on, and it would have distracted from my point.) So […]

Saving’s For Suckers

I was trying to find more recent data for the items I dug up in this post, and stumbled across the following fairly ominous FRED chart. There might be something going on with capital gains that arguably distorts things (which a Chicago School person would no doubt argue), but for what it’s worth here is […]

In the Long Run, I Will Always Quibble With Krugman

Although Steve Landsburg is trying to talk me down from the ledge, I think there’s something rotten in economics. (Maybe this is true in every field and I just notice it here because it’s my area; I’m open to the possibility that “humans are disappointing.”) For example, DeLong and Krugman have accused Mankiw of not […]

Murphy’s “History of Economic Thought Part II” Now Available on Liberty Classroom

Hey boys and girls, the second installment of my course on the History of Economic Thought is now available at Tom Woods’ Liberty Classroom. This second installment is a tour of 20th century thought, covering the following topics: As the list indicates, some of these topics can get a bit technical. I’d like to think […]

Confused by the Confusion

I’ve been busy with traveling (including the super duper awesome Contra Cruise II), and so I am just now catching up on all of the controversy surrounding the economics of a corporate income tax cut. As you can imagine, some conservative/libertarian economists said good things about it, and then DeLong and Krugman pointed out that […]

LIVE FROM THE CONTRA CRUISE: Contra Krugman Episode 109

This was a good one. Tom and I really get into the nuts and bolts of different approaches to economics. We springboard from Krugman’s discussion of “rationality” in economics, spurred by the Nobel going to Richard Thaler.