December 10, 2009
On my drive to the law school this morning I started listening to John Cassidy's "How Markets Fail: The Logic of Economic Calamities". Cassidy is a staff writer and blogger at the The New Yorker. Early on in the book, Cassidy introduces the term "utopian economics"–which he uses to describe, as I understand it, the [...]
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December 3, 2009
There was an interesting article in the Wall Street Journal recently about the economist Arthur Cecil Pigou (1837-1959). The article describes Mr. Pigou as an economist “whose intellectual legacy is being rediscovered, and, unlike those of Messrs. Keynes and Friedman, it enjoys bipartisan appeal.” This bipartisan appeal may be a reflection of the fact that [...]
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