Category Archives: Political Economy

Acemoglu and Robinson on Piketty

Kevin Bryan posted about a new paper by Daron Acemoglu and James Robinson that is a response to Piketty’s much-ballyhooed book on Capitalism. The post is very well done and I have downloaded the paper from the link supplied there, … Continue reading

Posted in Inequality, Political Economy | Leave a comment

The depressing assessment of experts on the latest “rescue package” for Greece

This depressed me yesterday. Read it and be depressed yourself today. From Ezra Klein’s Wonkblog on

Posted in Political Economy, Relevance | Leave a comment

The US News College Rankings Scam

Henry on Crooked Timber (I just had to repost the whole thing): The US News College Rankings Scam:   Stephen Budiansky, via Cosma Shalizi’s Pinboard feed. Back in ancient times when I worked at esteemed weekly newsmagazine U.S. News & … Continue reading

Posted in Education, Motivation, Political Economy | Leave a comment

Fukuyama on Hayek

Francis Fukuyama has a review of Hayek’s The Constitution of Liberty in the New York Times. He concludes with this insightful observation: In the end, there is a deep contradiction in Hayek’s thought. His great insight is that individual human … Continue reading

Posted in Methodology, Political Economy | 3 Comments

How history created the perverse incentives that hold back the Greek economy

In a recent post in, Aristos Doxiadis presents a thoughtful and detailed look at the historical and structural features of the Greek economy that make Greek society so ineffective and, at least to people like me, one to be … Continue reading

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The degradation of US democracy

Read this post by Daniel Little and weep. If you care about democracy and the public good, that is. This kind of thing is a main reason that standard economics has done a serious disservice to humanity by emphasizing the … Continue reading

Posted in Political Economy, Public Economics | Leave a comment