Browsing All Posts filed under »Economic Growth«

Musings for this Day

June 25, 2014 by

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The economy shrank by 2.9% so far this year, it was announced today.  Recession, what recession?  We were told by the economists that it was over long ago.  So go on with whatever you were doing (or if you were unemployed, with what you aren’t doing) and don’t worry. Advertisements

Piketty’s Predicament

June 24, 2014 by

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For those who don’t want to read the book, there is  nice article by Jonah Goldberg in the June 24, 2014 issue of National Review Online.  If you just woke up from a long, long nap or just returned form an isolated vactaion spot, you will remember that in April of this year, the book […]

A Very Long Review of a Very Intellectually Deficient, but Very Big, Book by Thomas Piketty

June 9, 2014 by

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Before I begin this blog, I beg the reader’s indulgence for such a long book review.  However I considered this book worthy of such a detailed examination, due to its popularity and influence, barely three months after its appearance.  I do hope the length will be justified by the service it may provide.  I promise […]

Warning: Arcane Book Review of Work on the Nineteenth Century Economic Thought of Evangelicals

June 3, 2014 by

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I just finished a very interesting, but somewhat difficult, book on the economic thought of Evangelicals in Great Britain between around 1790 and 1880.  Sounds really boring?  Well, it was a little bit of slogging at times, but it was worth it.  The author is Boyd Hilton, the title is The Age of Atonement:  The […]

Inequality, CEO Compensation and Thomas Piketty

May 27, 2014 by

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What do the three phrases in the title of this blog have in common?  This is not a trick question, although some may be tricked by the rhetoric that has come from these.  OK, you have had enough time to think about it.  The answer is:  Inequality is the “new” social justice term, median CEO […]

Don’t Forget History

May 8, 2014 by

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Amity Shlaes has written a fine piece in National Review Online on one particular aspect of the Great Depression having to do with minimum wages (NRO, May 7, 2014).  As she points out, recent research has changed the way we evaluate that event in economic history.  In case you don’t remember, the dominant narrative had been that […]

Quote for the Day, from Allan Meltzer’s WSJ op-ed today

May 7, 2014 by

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Allan Meltzer is perhaps the greatest living monetary economist; his A History of the Federal Reserve, is the definitive standard on the Fed.  He was a contemporary of Milton Friedman, and a noted monetarist scholar in his own right.  Discussing the Fed today, he ventures slightly off course: Broadly speaking, the Obama administration has pursued […]