Steven Landsburg: taxing capital
02 Dec 2018 Leave a comment
in applied price theory, applied welfare economics, economic growth, financial economics, fiscal policy, macroeconomics, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour
Spot on
26 Nov 2018 2 Comments
in defence economics, economics of information, economics of media and culture, energy economics, entrepreneurship, financial economics Tags: cranks
Same applies to those who say they predicted the #GFC
24 Nov 2018 Leave a comment
in applied price theory, economics of crime, economics of regulation, entrepreneurship, financial economics, law and economics Tags: securities fraud
Why Should My Boss Get All the Profits?
28 Oct 2018 Leave a comment
in applied welfare economics, Austrian economics, entrepreneurship, financial economics, labour economics, labour supply, poverty and inequality Tags: labour theory of value
@ProfSteveKeen cites Bezemer when claiming he predicted #GFC (by predicting recession in Oz in radio interviews)
27 Oct 2018 Leave a comment
in business cycles, financial economics, macroeconomics, monetary economics Tags: cranks, forecasting, Post-Keynesian macroeconomics
@ProfSteveKeen never predicted GFC
22 Oct 2018 Leave a comment
in financial economics, macroeconomics
Post-Keynesian macroeconomists believe business cycle theory starts and finishes with recurrent private debt bubbles that lead to inevitable financial crashes because private investors repeatedly borrow more than they can pay back and never learn.
Bold, risky science in the finest tradition of Karl Popper. Keen strictly forbids a recession not following a build up of private debt. His theory is too bareboned to have a protective belt of auxiliary hypotheses that save him from refutation.
Post-Keynesians identified a great business opportunity shorting these recurrent debt bubbles but must crowd source further development of the Minsky Software that successfully predicted the GFC.
Top hedge fund managers earn at least $400 million a year so they could easily spare a few million dollars over lunch on the off chance that there is something in Post-Keynesian macroeconomics and the Minsky software.
The Efficient Market Hypothesis, An Update
16 Oct 2018 Leave a comment
in financial economics Tags: efficient markets hypothesis
Deirdre McCloskey explains the origin of consultants
11 Oct 2018 Leave a comment
in applied price theory, economic history, financial economics, law and economics Tags: Deirdre McCloskey
Jonn Cochrane Says Allowing European Defaults `Best’ for Euro
04 Oct 2018 Leave a comment
in budget deficits, business cycles, currency unions, Euro crisis, financial economics, law and economics, macroeconomics, monetary economics, property rights Tags: sovereign defaults
How Did Paul Krugman Get It So Wrong? John Cochrane
02 Oct 2018 Leave a comment
in budget deficits, business cycles, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Paul Krugman
Utopia, you are standing in it! 
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