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Economic

  • Colleges are teaching economics backwards

    …here’s one temporary fix for introductory economics: teach it backwards. Reversing the order in which introductory economic classes are taught today might be the easiest way to respond to the crisis in undergraduate education. Plus, the history of how it… Continue reading

    Colleges are teaching economics backwards

  • The Unsurprising Rarity of Homo Economicus

    “SOVEREIGN in tastes, steely-eyed and point-on in perception of risk, and relentless in maximisation of happiness.” This was Daniel McFadden’s memorable summation, in 2006, of the idea of Everyman held by economists. That this description is unlike any real person… Continue reading

    The Unsurprising Rarity of Homo Economicus

  • Consumer Spending and Inequality Denial – NYTimes.com

    …there’s a much bigger bait and switch here. Remember, the question is what’s happening to the middle class. Nobody questions the fact that America has grown richer over the past several decades. The question is whether that growing wealth has… Continue reading