Browsing All Posts filed under »How not to do political economy«

Let’s Get Ethical

July 28, 2014 by

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This blog is a supplement to my colleague Jeff Haymond’s very informative blog of July 26 entitled “Turning to the Left….” I wanted to add a further ethical dimension to the discussion of income inequality which Jeff was addressing with regard to recent comments by Thomas Ricks at Politico. Jeff’s comments are worth reproducing in […]

Elizabeth Warren’s 11 Commandments for Progressives–A Berean Response

July 18, 2014 by

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Elizabeth Warren came out with her 11 Commandments today.  For some reason I think 10 Commandments would be better.  But in any case, here they are, with this Berean’s counter following in italics:   “We believe that Wall Street needs stronger rules and tougher enforcement, and we’re willing to fight for it.”  Bereans believe that […]

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 […]