Tag: economics

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Most every “rule” in economics is half-baked and this whole Vox article about why rising productivity hasn’t led to rising wages is an example of the problem. It notes: This is not the way the economy is supposed to work. Paychecks are supposed to grow faster when productivity rises this fast and unemployment falls this […]
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The Idiot Savants of Our Time

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On December 28, 2016
It’s time to put my humanities hat on for a bit. Obviously there are political scientists and economists who do good work. And we need people studying politics and economics, of course. But the idea that there is anything scientific about these fields compared to what historians or philosophers or literature critics do is completely […]
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Richard Ely Conservatives never include their beloved Economics departments in their denunciations of left-wing academia because what they actually want is the whole of the university to reflect Economics and providing intellectual justifications for greed and the personal predilections of the wealthy. Economics has not always been that way and it’s always had a minority […]
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