Cedarbrook Notes
American religion, at least white Protestant and Catholic religion, is overwhelmingly a self-righteousness multiplier...
Becky Henderson to me: "You need to read moar Stiglitz on environmental degradation and nature capital...
The principal use of “neoliberalism” as a word is to erase the difference between the Mussolini-love of Ludwig von Mises and center-left technocratic economists who want to get the incidence of policies right. Why? So you can then have more freedom to propose policies that do not make technocratic sense......
We Should Not Call It "Populism": "Now is the time for the second hobbyhorse I promised myself I would ride at this conference...
Is there a good biography of George Stigler? Beatrice Cherrier says that Stigler’s autobiography is still the best......
On My Grand Counterfactuals: The most interesting question is not “do you know?” But “does Dora Costa know?”, which is very close to “is it knowable”?...
The late Rudi Dornbusch liked to say that: "German ordoliberalism was something an economist could recognize if there was a benevolent Kindlebergian hegemon stabilizing the global system.” But if not, not...
Keynes, Polanyi, Foucault, Again: Cedarbrook Notes: "... >...As a product of Harvard’s undergraduate Social Studies program, I realized around 30 that I had been perfectly prepared to understand reality and act in western Europe between, say, 1860 and 1950...
Angus Deaton: "Judea Pearl knows a lot that Jim Heckman does not. And vice versa...”
Needed: A Better Karl Polanyi: I wondered coming up here whether this conference would turn into Karl Polanyi bingo. I am now confident that it will. Indeed, it has. As someone who thinks the master social theorists for the mid-21st century are likely to be Foucault, Keynes, Polanyi, this is not unwelcome...
Convergence Weighting by People Divergence Weighting by Nations: Yes, the world as a whole has become more equal over the past generation. This is overwhelmingly because two very large countries—India and China—have harvested a great deal of the low-hanging fruit of development because of better policies...
Big Questions for Left Opposition Social Scientists: Occupy had zero impact on austerity budgets. Mont Pelerin was not important because they gathered by a lake, sang “kumbaya”, and felt a sense of solidarity. We should not pretend defeats were victories. What can we do? I think there are three levels that we ought to be operating on—all, right now, understanding the world rather than trying to change it: understanding policies, understanding mobilizations, and understanding utopia...
I, on Behalf of the Economists Thinking Correct Economic Thought, Plead Not Guilty: We—at least my fraction of economists—plead “not guilty” to the indictment: The Minsky tradition had the financial sector nailed.... Paul Krugman... spearheading the analysis of how great the risks posed by the zero lower bound were.... Economists had been tracking decreasing competition, increasing financialization, and rising income inequality.... The problem, as Simon Wren-Lewis of Oxford likes to say, is not that the economists did not know what was going on in real time, but rather that they were not listened to...
Don't Like My Neoliberal Party Card? I Have Others!: Don't like the others? I have my neoliberal party card...
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