Old Economic Thinking in the UK

March 30th, 2015
in Op Ed

by Dirk Ehnts, Econoblog101

There is a rift in the economics profession, and here is a very good example why.

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Soaring Corporate Buy Backs Help a Few … At the Expense of the Broader Economy

March 29th, 2015
in Op Ed

by Washington's Blog, Washington's Blog

Corporations Artificially Make Themselves Look Good By Buying Their Own Stock

Stock buybacks by corporations are one of the main factors driving up stock prices.

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How FCIC Spurned Its One Chance at Greatness

March 29th, 2015
in Op Ed

by William K. Black, New Economic Perspectives

This is the third column in what I intended to be my three-part series (see end of this article) about Citi's most famous whistleblower, Richard M. Bowen, III. In this column I discuss Bowen and Citi's senior (but not controlling) officers' presentations before the Financial Crisis Inquiry Commission (FCIC).

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The Issue of Authenticity in Indian Economics

March 28th, 2015
in Op Ed

by Ajay Shah, ajayshahblog

Editor's note: What part of economics is real and what is fake?  What is valuable and what is counterfeit?  Haven't we all questioned whether a model used to characterize expected trends in the macro economy can be expected to produce any accurate forecasts?  All too often the usefulness of a model is limited by the assumptions of the researcher, sometimes clearly presented and sometimes not (and maybe not even recognized as assumptions by the researcher).  Prof. Shah contemplates one aspect of this question as it specifically relates to the economics of India.

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Aggregate Entrepreneurism

March 28th, 2015
in Op Ed

The Deeper Meaning Of Entrepreneurism

by Roger Erickson

If a collection of cells (you) can act entrepreneurially, why can't a collection of 330 million citizens act as a team? They can? How? How often WILL they? And why not all of the time, or at least more often than we have been cooperating recently?

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