Jan 8, 2010

Article of the day

I've always had kind of a sneaking suspicion that economics, especially high-finance kind of economics, is saddled with a lot of BS. I took an intro economics course in college (and did very well, I might add), and it seemed like some fairly non-controversial material. When you start talking about hedge funds though, a lot of that stuff seems to go out the window. If you're still reading, you might check out this article from James Galbraith about why so many economists (Paul Krugman and Brad DeLong being the most obvious exceptions) completely missed the latest financial cataclysm.

(h/t Nick Baumann)


  1. Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!

  2. Glad you think so! I've had this blog for a while, so it mainly reflects what I was doing at the time. As you might surmise, I used to play a lot of videogames.