David Warsh in his blog, economicprincipals.com, alerts us to a significant development at Harvard. Introductory computer science has replaced economics 101 (actually Ec 10) as the most popular course at Harvard. He goes on to discuss the process of developing computer systems … Continue reading
Author Archives: ws-admin
ECONOMIQUES NOIR
One of my favorite economists is Olivier Blanchard. He is French, has a PhD from MIT where he is also a professor, is the IMF’s Economic Counsellor and head of its Research Department, is movie star handsome and I enjoy … Continue reading
INEQUALITY
The issues of income and wealth inequality continue to reverberate in the press and public discussions. The subject was amped up earlier this year with the publication of Capital in The 20th Century by Thomas Piketty. The book by the … Continue reading
CHASING RETURNS
In Cost of Chasing Returns a Federal Reserve Bank of Saint Louis economist succinctly lays out the cost of chasing returns compared to a buy and hold strategy. TFM
CREATIVE DESTRUCTION REDUX
Famous Austrian-American economist Joseph Schumpeter theorized decades ago that economic growth was primarily the result of entrepreneurial “creative destruction”. Thus was born the cult of the innovator. The concept has been repackaged/rebranded by Professor Clayton Christensen of the Harvard Business School … Continue reading
FUTURE ECONOMIC GROWTH
I have previously reported on the pessimistic view of Robert Gordon from Northwestern University and other analyses of our economic future. Charles Jones of Stanford, another well respected growth guru, has presented his own diminished expectations in Future of US … Continue reading
WHERE IS THE INFLATION
Despite the worries of the inflation hawks we have had very little inflation since the Great Recession. For those of us that think that active markets are good predictors of the future, a way to see what the smart money … Continue reading
FORECASTING IS DIFFICULT
especially about the future. This may or may not be a Chinese proverb but it is more of a truism than most of us know. Jim Surowiecki of The New Yorker had a interesting take on Punditonomics earlier in April. He … Continue reading
GREAT MODERATION REDUX ?
Gavyn Davies has called attention to the belief of some analysts that we may be entering another period of less than historical fluctuations in GDP growth and less than average inflation in his blog Great Moderation 2.0-Davies. Although not necessarily great news … Continue reading
DEFLATION
When the conservative economist John Makin of the even more conservative American Enterprise Institute warns of the dangers of deflation, it is time to pay attention. Read his analysis in Preempt Deflation Now – Makin AEI. TFM
