Reviving Economics

So I recently purchased "Civilization 5" the computer game (and popular series) which pits different civilizations in conquest (mi...

Or is it?   NBER announced today that our recession ended in June 2009. NBER panelist and the author of the macro text I use in class had ...

My last post was rather bleak.  It paints a picture of our economy that is structurally problematic.  But that doesn't mean government h...

In my intro macro class, I teach about unemployment and of course I teach using the severely limited tools of AD-AS model and Keynesian cros...

Obama passed his ARRA stimulus at a tune of nearly $800 billion.   Unemployment skyrocketed beyond most predictions to 10% - where it has ro...

Where does the Laffer Curve bend? My answer: Who gives a care. The Laffer curve (or blob as I often call it in my econ class) is a dead ...

We've all gotten them in the mail from various credit card companies -  letters that read something to the effect of: "Hey, you ar...