September 28, 2014
How Darwin and the doctor of King Charles I could turn economics into a science. Executive summary If you are confused by economics, then you should read this book. [...]
March 19, 2012
The subtitle is "Central banks, credit bubbles and the efficient market fallacy". Executive summary This is much too important of a book to remain as obscure as it is. [...]
November 2, 2011
A semantic confusion leads us to use the word market to describe both the process which puts food on our table and the activity of gambling in credit default [...]
October 28, 2011
Last night at the Royal Institution's 14-10 club George Cooper gave a talk based on his book The Origin of Financial Crises. One of the analogies was between James [...]
October 17, 2011
Executive Summary Simple but not simplistic explanations of several big ideas in economics. Surprises Thing 4 The washing machine has changed the world more than the internet has. We [...]
October 11, 2011
Thomas Sargent and Chris Sims won the 2011 Nobel Prize in economics. In a nutshell Sargent won for dynamic learning of economic agents and Sims won for championing vector [...]
August 12, 2011
New Scientist has an editorial that points to "Complexity, Concentration and Contagion" out of the Bank of England. The paper describes some experiments with a network calibrated to look [...]
February 25, 2011
There is a deep connection between political mechanisms and economic mechanisms, at least according to Ajay Shah. Price flexibility Ajay Shah has a post called Jittery regimes fix prices. [...]
January 28, 2011
Instability in the economy seems to be the zeitgeist of the week. Counter-intuitives Science Daily has a story on a mathematical model of extinction. Apparently a key finding is [...]
January 20, 2011
Gambling Falkenblog has a post called: Why Do People Gamble? This includes the often-stated "problem" that the same people both: pay for insurance pay to gamble Maybe I'm being [...]