archive

The price is not always right

From PUP, the first chapter from The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas by Steven Medema; and the first chapter from Sufficient Reason: Volitional Pragmatism and the Meaning of Economic Institutions by Daniel Bromley. A review of Economics for Everyone by Jim Stanford. A review of The Economic Naturalist's Field Guide: Commonsense Principles for Troubled Times by Robert H. Frank. A review of Filthy Lucre: Economics for People Who Hate Capitalism by Joseph Heath. A review of Lawrence Mitchell’s The Speculation Economy: How Finance Triumphed over Industry. A review of False Economy: A Surprising Economic History of the World by Alan Beattie (and more). A review of Disenchantment With Market Economics: East Germans and Western Capitalism by Birgit Muller. From FT, Richard Thaler on how markets can be wrong and the price is not always right; and dismal, yes, but economics flies off the shelves. Wild Randomness: Traditional economics has failed to grasp the complexity and dynamism of financial markets. Robert Lucas rebuts criticisms that the financial crisis represents a failure of economics. Here's a readers’ guide to the econ blogosphere, but nobody does a better job of digesting economic commentary than Mark Thoma.