He who dies with the most hoarded cash does not, in fact, win.
President Trump Stubbornly Clings to Archaic Mercantilist Economics
President Trump Stubbornly Clings to Archaic Mercantilist Economics
22 Sep 2026 Leave a comment
in Adam Smith, applied price theory, economic history, history of economic thought, income redistribution, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tarrifs
Scott Freeman on Endogenous Cycles and Growth with Indivisible Technological Developments
21 Sep 2026 Leave a comment
in applied price theory, business cycles, economic growth, history of economic thought, macroeconomics, monetary economics
The unfair competition argument and the push for a ‘Temu tax’
21 Sep 2026 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics Tags: free trade, tariffs
There are many arguments put forward for why trade should be restricted. In my ECONS102 class last week, as part of our topic on international trade and globalisation we covered five of the most common, each of which has a little story that goes along with it:The jobs argument: Trade with other countries will lower…
The unfair competition argument and the push for a ‘Temu tax’
Scott Freeman on monetarism again
20 Sep 2026 Leave a comment
in business cycles, econometerics, economic growth, economic history, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
News drives business cycles
19 Sep 2026 Leave a comment
in business cycles, economic growth, history of economic thought, macroeconomics, monetary economics
Bruce D. Smith on monetarism
18 Sep 2026 Leave a comment
in applied price theory, budget deficits, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
Money and Output: Correlation or Causality? Scott Freeman again
18 Sep 2026 Leave a comment
in applied price theory, business cycles, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: quantity theory of money
When Keynes Did Not Win the Nobel Peace Prize
17 Sep 2026 Leave a comment
in defence economics, economic history, history of economic thought, war and peace
On rare occasions, the Nobel Peace Prize has been given for work with direct and strong economic implications. For example, I think of the 2006 Prize given to Muhammad Yunus and Grameen Bank for their work on microfinance loans to the poor, or the 1970 prize to Norman Borlaug for his research leading to the Green Revolution…
When Keynes Did Not Win the Nobel Peace Prize
Scott Freeman on monetarism
16 Sep 2026 Leave a comment
in business cycles, econometerics, economic history, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: quantity theory of money
Money and output: correlation or causality
14 Sep 2026 Leave a comment
in applied price theory, business cycles, economic history, financial economics, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: quantity theory of money
Scott Freeman on the Phillips Curve
13 Sep 2026 Leave a comment
in applied price theory, business cycles, economics of information, history of economic thought, labour economics, labour supply, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas, unemployment
Bruce D. Smith refutes the quantity theory
12 Sep 2026 Leave a comment
in applied price theory, budget deficits, economic history, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: quantity theory of money
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
11 Sep 2026 Leave a comment
in applied price theory, economics of information, economics of regulation, history of economic thought, industrial organisation, law and economics, property rights
Economists and lawyers know that almost every contract is incomplete. Contracts routinely omit or leave undefined important terms, and they rarely anticipate every circumstance that might frustrate performance. The reason is simple: It makes little sense to spend $1,000 drafting a provision that has an expected value of only $100. Parties therefore leave lower-value contingencies…
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
Poll: Almost 60 Percent of Democrats Have a Favorable View of Socialism
11 Sep 2026 Leave a comment
in economic history, history of economic thought, liberalism, Marxist economics, politics - USA
Recent polls show steady growth in support for socialism among Democrats. A new CBS poll shows how popular it is,…
Poll: Almost 60 Percent of Democrats Have a Favorable View of Socialism
Did the Sewing Machine Reduce the Workload for Women?
10 Sep 2026 1 Comment
in discrimination, economic growth, economic history, economics of education, gender, history of economic thought, human capital, industrial organisation, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, technological progress Tags: creative destruction, The Great Enrichment
Is new technology that replaces a worker a good thing? We have a tendency, it seems to me, to believe that most previous inventions turned out to have overall net social benefits, but to be worried that all future inventions will instead have overall net social costs. Philipp Ager and Davide Coluccia tackle the question of…
Did the Sewing Machine Reduce the Workload for Women?
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