Professor Lynne Kiesling discusses Joseph Schumpeter's incredible contributions to the field of economics: https://t.co/L70YmZ6DMo
— Mercatus Center (@mercatus) February 9, 2016
Lynne Kiesling discusses Joseph Schumpeter
13 Feb 2016 Leave a comment
in entrepreneurship, history of economic thought, industrial organisation, Joseph Schumpeter
Why Does 1% of History Have 99% of the Wealth? @Oxfam #TPPANoWay
06 Feb 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles, history of economic thought, international economics Tags: capitalism and freedom, free trade, global poverty, globalisation, industrial revolution, international technology diffusion, technology diffusion, The Great Enrichment, The Great Fact, TPPA
George Stigler and the innovator as propagandist
29 Jan 2016 Leave a comment
in history of economic thought Tags: creative destruction, growth of knowledge, innovation
Life expectancy at birth over the last hundred years
22 Jan 2016 Leave a comment
in development economics, economic history, history of economic thought Tags: life expectancies, The Great Escape
Arnold Kling describes “Masonomics”
17 Jan 2016 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, history of economic thought
Adam Smith on entrepreneurial drive
02 Jan 2016 Leave a comment
in Adam Smith, applied price theory, applied welfare economics, entrepreneurship, history of economic thought, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, entrepreneurial alertness, market selection, The meaning of competition
What is fascism?
14 Dec 2015 Leave a comment
in history of economic thought, politics - USA Tags: 2016 presidential election
@Noahpinion did theory dominate the literature until the last decade and empirics take a back seat?
11 Dec 2015 1 Comment
in econometerics, history of economic thought
I will let the data speak for itself on the latest from Noah Smith:
Economics is a theory-centric field. Until the last decade or so, theory dominated the literature and empirics took a back seat. In the world of engineering and practical application, that is a recipe for trouble. Theories that have not been rigorously tested against data may get papers published and may win Nobel prizes, but they will not necessarily work when you try to apply them.
Source: Daniel S. Hamermesh (2012)
What is the only source of profit?
02 Dec 2015 Leave a comment
in applied price theory, Austrian economics, entrepreneurship, history of economic thought, industrial organisation, Ludwig von Mises, survivor principle Tags: competition as a discovery procedure, consumer sovereignty, entrepreneurial alertness, market process, market selection, profit and loss, The meaning of competition
Economic and sociology vocabularies compared
22 Nov 2015 Leave a comment
in economics of media and culture, history of economic thought Tags: economic of sociology, sociology of sociology
The Economics/Sociology Phrase Book www-personal.umich.edu/~econjeff/Pape… http://t.co/OfbYMV2n3R—
Roseann Cima (@rosiecima) February 03, 2015
Lord Nicholas Stern – wrong from the start
19 Nov 2015 2 Comments
in development economics, economic history, history of economic thought, P.T. Bauer
Source: Nicholas Stern “Professor Bauer on development”, Journal of Development Economics (1974).
Source: “A Voice for the Poor”, The Economist (2 May 2002).
Source: Ian Vazquez “Peter Bauer: Blazing the Trail of Development”, Econ Journal Watch (May 2007).
Lord Acton on the risks of political alliances for liberty
10 Nov 2015 Leave a comment
in F.A. Hayek, history of economic thought, liberalism Tags: all Lord Acton
A quote from “The History of Freedom in Antiquity” that Friedrich Hayek used at the start of “Why I Am Not a Conservative,” his famous postscript to The Constitution of Liberty.
Source: In Praise of Lord Acton, David Henderson | EconLog | Library of Economics and Liberty
Utopia, you are standing in it! 
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