On Gary Becker: A True Believer

Gary Becker has died. Here’s John Cassidy “postscript.” And here’s the NYT’s obit. Personally, I liked the frankness of his approach … More

Piketty via Milanovic

I have written a few comments on Branko Milanovic’s review of Thomas Piketty’s celebrated new book, Capital in the 21st … More

On moral hazard

I have commented before on contradictory notions of modern economics.  Moral hazard, a favorite one in macroeconomics and financial economics, is … More

Caveat emptor

At first, I thought I’d devote my blog to commentary on politics and economics, mostly driven by news.  At some … More