Browsing articles tagged with " economics"
Feb 13, 2019

Economists for Inclusive Prosperity

From the website of a new group committed to development of policies for inclusive prosperity:

There is considerable ferment in economics that is often not visible to outsiders. At the same time, the sociology of the profession – career incentives, norms, socialization patterns – often mitigates against adequate engagement with the world of policy, especially on the part of younger academic economists…

While prosperity is the traditional concern of economists, the “inclusive” modifier demands both that we consider the interest of all people, not simply the average person, and that we consider prosperity broadly, including non-pecuniary sources of well-being, from health to climate change to political rights.

Read more here and also here.

Dec 19, 2018

The hangover from imbibing Homo economicus

More subtle understandings of human behavior have bounced off the teflon coating of Econ 101 with baleful consequences:

What students are taught in their economics classes can perversely turn models and charts that are meant to approximate reality into aspirational ideals for it. Most economics majors are first introduced to Homo economicus as impressionable college freshmen and internalize its values: Studies show, for instance, that taking economics courses can make people actively more selfish.

Read more here.

Dec 17, 2018

Economics: a diversity deficit

The economics profession lags behind the country:

Half a century ago, the American Economic Association, a prestigious 133-year-old society dedicated to encouraging the careers and research of economists, set up the Committee on the Status of Minority Groups in the Economics Profession in response to concerns that minorities were underrepresented. These concerns are just as relevant today.

Read more here.

Dec 3, 2018

Puppets rap ‘economic man’

Homo economicus? These puppets have a better idea of who we are:

Source: https://www.youtube.com/watch?v=Sx13E8-zUtA.

Nov 8, 2018

Promoting Economic Pluralism

An international initiative seeks to “make space for diversity in economics,” among other ways by creating a new accreditation program for pluralist economics masters programs around the world. Check them out here.

May 4, 2018

State of Resistance

State of Resistance, by Manuel Pastor, draws out lessons from the fall and rise of California’s economy:

Once upon a time, any mention of California triggered unpleasant reminders of Ronald Reagan and right-wing tax revolts, ballot propositions targeting undocumented immigrants, and racist policing that sparked two of the nation’s most devastating riots. California confronted many of the challenges the rest of the country faces now–decades before the rest of us.

Today, California is leading the way on addressing climate change, low-

wage work, immigrant integration, over-incarceration, and more. As white residents became a minority and job loss drove economic uncertainty, California had its own Trump moment twenty-five years ago, but has become increasingly blue over each of the last seven presidential elections.

How did the Golden State manage to emerge from its unsavory past to become a bellwether for the rest of the country?

Read more here.

May 2, 2018

Economics and morality

Economists cannot avoid grappling with moral questions, says … The Economist:

To be useful, economists need to learn to understand and evaluate moral arguments rather than dismiss them.

Many economists will find that a dismal prospect. Calculations of social utility are tidier, and the profession has fallen out of the habit of moral reasoning. But those who wish to say what society should be doing cannot dodge questions of values.

Read more here.

See also The Economist’s Oath by Econ4’s George DeMartino.

Nov 16, 2017

California working

A video from the Labor Center at UC-Berkeley reports on the employment and growth results of progressive state policies in California:

Source: http://laborcenter.berkeley.edu/california-is-working/

Nov 4, 2017

“Five Things They Don’t Tell You About Law & Economics”

A new video from APPEAL – the Association for the Promotion of Political Economy and the Law – challenges the “pro-efficiency” and “anti-regulation” ideology purveyed under the banner of “Law and Economics”:

Source: https://www.youtube.com/watch?v=qoak05emri4&feature=youtu.be

Jul 24, 2017

Astrological economics

Mathematics can help to clarify ideas, but it can also put a scientific veneer on a load of bunk. A philosophy professor looks at the emperor’s clothes:

The success of math-heavy disciplines such as physics and chemistry has granted mathematical formulas with decisive authoritative force. Lord Kelvin, the 19th-century mathematical physicist, expressed this quantitative obsession:

When you can measure what you are speaking about and express it in numbers you know something about it; but when you cannot measure it… in numbers, your knowledge is of a meagre and unsatisfactory kind.

The trouble with Kelvin’s statement is that measurement and mathematics do not guarantee the status of science – they guarantee only the semblance of science. When the presumptions or conclusions of a scientific theory are absurd or simply false, the theory ought to be questioned and, eventually, rejected. The discipline of economics, however, is presently so blinkered by the talismanic authority of mathematics that theories go overvalued and unchecked.

Read the piece here.

Pages:12345678»