archive

Faith in the dismal science

James M. Buchanan (GMU): Economists Have No Clothes; and Geoffrey Brennan (ANU) and Alan Hamlin (Manchester): Bygones are Bygones. Herbert Gintis (SFI): Towards a Renaissance of Economic Theory. From the Catholic Social Science Review, a symposium on Catholic Social Teaching and economic science. Selling short a humanistic economist: Adam Smith tartly criticized the idea that self-interest is enough. A review of After Adam Smith: A Century of Transformation in Politics and Political Economy by Murray Milgate and Shannon Stimson. Deirdre McCloskey once thought economics and rationality were the key to understanding society, but the explanatory power of rhetoric has dented her faith in the dismal science. Invasion of the European Economists: A generation of free-market exiles has made the US campus its home. From The New Yorker, John Cassidy on a series of interviews with Chicago School economists. Reality be damned: Kenneth Davidson on the legacy of Chicago School economics. All is for the best in the best of all possible worlds: David Roberts on economics as pathology (and part 2). If more than a fraction of Freakonomics or The World is Flat readers are perusing Nash on game theory, Ohlin on international trade, or Samuelson on possibility functions, Ian Crone will eat his economics textbook. The financial crisis has rippled throughout the curriculum of universities, challenging faculty to turn on a dime. May the best theory win: How economists are competing to make sense of our failed financial system. The economist who got it right: It is astonishing how much Arthur Pigou's ideas impact on our lives and debates today. The Galbraith Revival: The aristocratic economist’s big-government ideas are back in vogue. The Santa Fe Reporter profiles Samuel Bowles. An interview with "stand-up economist" Yoram Bauman, co-author of The Cartoon Introduction to Economics. Fear the Boom and Bust: A Hayek vs. Keynes Rap Anthem.