Tag: Economics

Arguing with Angus Deaton on aid

Tremendous news that Angus Deaton has won the Nobel prize in economics, particularly because this will further direct attention towards one of the great challenges of the age – rising inequality, on which Deaton is a great thinker, not least in The Great Escape, which deserves an even wider readership. Last year, I had a public […]

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Why is economic orthodoxy so resistant to change? The art of paradigm maintenance.

Ever wondered why it’s so hard to shift big institutions (and the economics profession in general) on economic policy, even when events so graphically show the need for change? I’ve just come across a fascinating 2006 paper by Robin Broad, ‘Research, knowledge and the art of ‘paradigm maintenance’: the World Bank’s Development Economics Vice Presidency […]

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‘Economists know almost nothing about anything’. Yet another reason to love Thomas Piketty

From the intro to ‘Capital in the 21st Century’, a taste of his great approach to learning, the easy discursive style, (but also why the book is 600 pages long – succinct he ain’t. I’ve got to page 164): “To put it bluntly, the discipline of economics has yet to get over its childish passion […]

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Take the survey; plug the paper – what's the impact of blogs?

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More History, less Maths – FP2P flashback

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The Globalization Paradox, a great new book from Dani Rodrik

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Ha-Joon Chang's new book: 23 Things They Don't Tell You About Capitalism

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Why do people vote? Don't ask a micro-economist.

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Why 'Human Capital' is an abomination

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What the IMF will be discussing this weekend

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