Financial Economics

Archive for Financial Economics

Thoughts on the “Nobel” Prize in Economics

This is that special time of year when MarginalRevolution destroys Free Advice in not only objective but also subjective value. Alex and Tyler have so many posts on the new economics laureates that I would just direct you to MR on October 14, 2013. The most obvious reaction is to ask: Did the committee just […]

Potpourri

==> The WSJ and I are pen pals. ==> Next week on Friday (September 27) I’ll be giving a talk at San Jose State on interventionism in the Austrian tradition. (I’m in California because on Saturday I’m giving the keynote address for a celebration of Mises’ birthday. I still haven’t gotten his present, gah!!) ==> […]

News Flash: The Non-Stupid CBO Proves DeLong Was Wrong

I am traveling all week and have to keep this short and sweet. Here’s a chronicle of what happened in yet another exchange of blogfire with my favorite Keynesians: ==> Brad DeLong said, “There are no signs in the pace of technological progress, in the level of investment…[or in several other factors–RPM]…to suggest that the […]

Von Pepe Is Bearish On China

The brooding von Pepe–who discovered something about himself after the Oprah incident–emails me to bring up the issue of China, which he thinks is classic Austrian business cycle material. I want to be clear that I do not follow China, and I trust their official statistics less than the BLS. But von Pepe sends this […]

It’s Easy to Be Right When You Don’t Admit You Were Wrong

I’m going to be laying into my two favorite bloggers–Paul Krugman and Scott Sumner–for their slippery handling of the recent rise in Treasury yields. As I’ve said several times on this blog, I think Krugman and Scott do this a lot (Krugman is more annoying about it); it’s just that this is a particularly obvious […]

A Nuanced Point in the Outrage Over Cyprus

I meant to remark on this a few days ago, but I’m a busy guy… When the Cyprus bailout-plus-tax-on-depositors was first announced, most people flipped out, saying it was stealing money from the average Joe in order to rectify the bad investment decisions of the fat cats. I myself took this tack in the March […]

Tucker Interviews Murphy on Illusion of Wealth

Laissez-Faire Books has released a new volume with excerpts of Mises talking about the business cycle. (Specifically, we went through Human Action and grabbed what the reader would need to fully understand the Austrian business cycle theory.) Here’s the interview about it. My son video-bombs us around 8:15.

Memories of Armen Alchian

Arman Alchien is one of those economists–like Wicksteed–that I would read a lot more of, if I were on a deserted island. (That’s a compliment to them, and a criticism of myself.) He recently died, as most of you know, and so a lot of people who knew him were giving their appreciations. One of […]