Category Archives: Philosophy Shit

Is Economics a Science? And If Not, Then What Is It?

Posted on December 28, 2011 by

A recent guest post at Naked Capitalism by economics student Jake Romero lists “Ten Principles of Responsible Economics.” What intrigued me was principle #10 (boldface original): 10) In theory, economics is a science. In reality, economics is a science the … Continue reading →

Posted in Economics, Philosophy Shit | 6 Comments

Why Tenured Professors Should Never Be Allowed to Opine About Free Trade or Free Markets

Posted on June 23, 2011 by

The woof and warp of the Chicago school of economics.
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Posted in Conservatives, Economics, Philosophy Shit | 11 Comments

When Economists Misunderstand Biology

Posted on March 21, 2011 by

And why it matters: we need economists to be better economists.
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Posted in Ecology, Economics, Evolution, Philosophy Shit | 44 Comments

Saturday Sermon: Waldmann on the Limits of Deduction

Posted on February 19, 2011 by

One can be really clever and derive how the world could or should work. This might or might not have anything to do with how the world actually works.
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Posted in Economics, Philosophy Shit | 3 Comments

And You Thought I Could Be Brutal About Economics: The Limits of Deduction

Posted on August 2, 2010 by

Deduction alone, without any checks, is a weird way to think, albeit politically convenient.
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Posted in Economics, Philosophy Shit | 15 Comments

Unscientific America and Positive Versus Normative Statements

Posted on August 11, 2009 by

The needed distinction between positive statements–the way things are or will be–and normative statements–the way things ought to be.
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Posted in Philosophy Shit | 7 Comments