Good summary
28 Nov 2018 Leave a comment
in energy economics, environmental economics, global warming
Heterogeneous agent macroeconomics has a long history, and it raises many questions
28 Nov 2018 Leave a comment
A cornerstone of thoughtful and lazy criticisms of mainstream macroeconomics alike is the idea that macroeconomists have spent 40 years just writing infinitely lived representative agent models (in which all agents behave the same way and are eternal), and isn’t it a ridiculous assumption? To which mainstream macroeconomics invariably respond: “heterogeneous agent models are all over the place,” which is in turn invariably met with “yes, but this is a very recent development.” I have myself long considered the development of heterogeneous agent macro as a response to the 2008 crisis. Then I began working on the history of economics at Minnesota, and I realized that by the mid-1980s, heterogeneous agent models were alreadyall over the place. Much of the current discussions on the-state-of-macro are premised on a flawed historical narrative. And acknowledging that representative agent models have long coexisted with heterogeneous agent models of various stripes raises a…
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Discrimination: A mountain of evidence (but analysis stopped with money left on the table – chances to profit from countering discrimination)
28 Nov 2018 Leave a comment
in applied price theory, discrimination, econometerics, gender, labour economics Tags: racial discrimination, sex discrimination
Eugene F. Fama on the government’s role in the subprime mortgage meltdown
28 Nov 2018 Leave a comment
in business cycles, economic history, economics of religion, global financial crisis (GFC), great recession, law and economics, macroeconomics, monetary economics Tags: deposit insurance
Line of Inquiry: John H. Cochrane on how to prevent financial crises
28 Nov 2018 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, David Friedman, economic history, economics of information, economics of regulation, fiscal policy, global financial crisis (GFC), macroeconomics, monetary economics
Some social workers have no soul
28 Nov 2018 Leave a comment
in economics of crime, law and economics Tags: political correctness, regressive left
.@Toby_etc is getting a bit stroppy with Press Council accuracy standards
28 Nov 2018 Leave a comment
in constitutional political economy, economics of crime, economics of information, economics of media and culture, politics - New Zealand Tags: media bias
How Close Are We to Building Force Fields?
28 Nov 2018 Leave a comment
in economics of media and culture, movies, television
The Author of All Quiet on The Western Front – Erich Maria Remarque I WHO DID WHAT IN WW1?
28 Nov 2018 Leave a comment
in defence economics, war and peace Tags: World War I
More for light rail enthusiasts @PhilTwyford @JulieAnneGenter @TaxpayersUnion
28 Nov 2018 Leave a comment
How could veganism change the world? | The Economist (but we live in a fast food world where people enjoy eating tasty animals)
28 Nov 2018 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmism, vaganism
How Atom Bombs Can Uncover Forged Art
28 Nov 2018 Leave a comment
in economic history, economics of crime, law and economics
Even runaway #globalwarming doesn’t reduce GDP greatly @jamespeshaw!
28 Nov 2018 Leave a comment
in applied welfare economics, energy economics, environmental economics, global warming, politics - New Zealand, politics - USA Tags: climate alarmists
The History of Oceania: Every Year
28 Nov 2018 1 Comment
in economic history, International law Tags: economics of borders, maps
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