krugman.blogs.nytimes.com - 1/3/2009
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Ouch. The WSJ's Real Time Economics blog has a post linking to Raguram Rajan's prophetic 2005 paper on the risks posed by securitization - basically, Rajan said that what did happen, could happen - and to the discussion at the Jackson Hole conference by Fed vice-chairman Kohn and others. The ...
eschatonblog.com - 1/3/2009
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eschatonblog.com —
It is a puzzling thing about my former
profession that after spending many years in graduate school...
and beyond, economists are happy to let the public face of the profession be the first 50 pages of an Econ 101 textbook. It isn't some crazy area of ...
(more)
Economists Behaving Badly
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Economists Behaving Badly
Eschaton —
It is a puzzling thing about my former profession that after spending many years in graduate school and beyond, economists are happy to let the public face of the profession be the first 50 pages of an Econ 101 textbook. It isn't some crazy area of the profession where various forms of market failure are discussed. You can even get it in the 2nd 50 pages of a typical Econ 101 textbook! ...
Nothing is lost, save honor
Corrente —
In the immortal words of Diamond Jim Fisk. Go read Krugman. Ouch!. Atrios links, but does not quote, to Krugman's comment on honor among economists. He should have quoted Krugman: Read more…
Politics and Media Headlines 1/5/09
Corrente —
College of St. Scholastica (yes, I’m aware of the irony)
Economists behaving badly (by Paul Krugman)
Ouch. The WSJ’s Real Time Economics blog has a post linking to Raguram Rajan’s prophetic 2005 paper on the risks posed by securitization — basically, Rajan said that what did happen, could happen — and to the discussion at the Jackson Hole conference by Fed vice-chairman Kohn and others. The economics profession does not come off very well. Read more…
Occam's Razor
Lawyers, Guns and Money —
... that Saint Larry does, in fact, sincerely believe in a lot of nutty conservertarian ideas; he certainly wouldn't be the first talented academic to do so. And in particular, I don't have a great deal of faith in someone who was still saying that everything in financial markets was just fine in 2005 and his ability take the problem seriously enough now. ...
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