archive

Economics needs fixing

Victor A. Beker (Belgrano): On the Economic Crisis and the Crisis of Economics. The financial crisis has exposed the weaknesses of many traditional economic models, yet economists still appear reluctant to venture out of their comfort zone. Financial fraud, Ponzi schemes, and legitimate economic policies: Neil Buchanan on misunderstandings of, and overreactions to, the financial crisis and the Great Recession. Faith in the "efficient markets hypothesis" is largely to blame for the massive deregulation of the late 1990s and early 2000s that made the crisis more likely, if not inevitable. From the Mises Institute, what is the current state of economic science? In two words, "not good"; and Art Carden on a message of hope from the dismal science. From Truthonthemarket.com, free to choose? A symposium on behavioral law and economics. Economics needs fixing: Why has billionaire financier George Soros donated $50 million to rethink economics? From MRzine, Michael Perelman on decoding economic ideology. An interview with David J Lynch on books on economic history. A review of Karl Polanyi: The Limits of the Market by Gareth Dale. Do we need Google to measure inflation? Economists are creating new methods for tracking prices. A review of Economic Lives: How Culture Shapes the Economy by Viviana A. Zelizer. An interview with Yana van der Meulen Rodgers on economics books for young children.