Category Archives: Real World Economics
Greece and “Game Theory”
Game theory—in practice February 17, 2015David F. Ruccio from David Ruccio source* Back when I taught Principles of Microeconomics, I offered a lecture or two on game theory. Given how terrible most textbook presentations are, I used to borrowed heavily … Continue reading
Finding equilibrium
Finding equilibrium February 8, 2015Editor from Lars Syll Finding Equilibrium explores the post–World War II transformation of economics by constructing a history of the proof of its central dogma—that a competitive market economy may possess a set of equilibrium prices. … Continue reading
Outdoing Dr. Goebbels in Nazi Germany: The Propaganda War against RT
Outdoing Dr. Goebbels in Nazi Germany: The Propaganda War against RT Post Categories: Canada Neil Clark | Sunday, January 25, 2015, 16:07 Beijing Anti-war protesters rally in front of the White House … Propaganda. At its best – a wonderful … Continue reading
Greg Mankiw on loanable funds — so wrong, so wrong
Greg Mankiw on loanable funds — so wrong, so wrong February 3, 2015Editor from Lars Syll The loanable funds theory is in many regards nothing but an approach where the ruling rate of interest in society is — pure and simple … Continue reading
Greece Just Blew Up the Death Star of Debt
Greece Just Blew Up the Death Star of Debt Post Categories: Afghanistan The Washington’s Blog | Tuesday, February 3, 2015, 21:20 Beijing The Greek Elites and kleptocrats are terrified of the discipline that leaving the euro will impose, but the … Continue reading
Decomposing the top decile US income share into 3 groups, 1913-2013
Decomposing the top decile US income share into 3 groups, 1913-2013 January 30, 2015David F. Ruccio from David Ruccio The share of total income captured by the top 1 percent actually shrunk in 2013, falling from 21.22 percent to 18.98. But, … Continue reading
Economics curriculum reformulation
Economics curriculum reformulation January 28, 2015 from Lars Syll One of the main ideas underlining the book is that “being an economist” in the XXI century requires a radical change in the training of economists and such change requires a … Continue reading