FET (old posts)

New ideas and analysis by Dr Cameron K. Murray

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Monday, April 28, 2014

Post-Crash economics clashes with 'econ tribe'

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Manchester University’s Post-Crash Economics Society (PCES) released a report recently into the way economics is currently taught at Ma...
12 comments:
Tuesday, April 22, 2014

Corrupting Piketty in the 21st century

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The media attention surrounding French economist Thomas Piketty ’s new book Capital in the 21st Century is growing ever more fervent. H...
2 comments:
Tuesday, April 15, 2014

Robinson: An introduction to economic doctrine

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Imagine a modern economics textbook in three parts, the last two being Analysis and Modern Problems. What do you think would the first pa...
5 comments:
Thursday, April 3, 2014

Australian journalists wage war on cycling

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Two recent traffic accidents involving cyclists and cars - one a ‘dooring’ and one a that can only be described as a driver flat-out runnin...
2 comments:
Wednesday, April 2, 2014

Four Corners: No logic on China

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On Monday night Four Corners aired a segment about the post-GFC Chinese stimulus and its massive impact on levels of investment and debt. ...
Sunday, March 30, 2014

Uncertainty is not what you think it is

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One strange claim in the economic debate that followed the financial crisis was the impact of uncertainty on the path of investment and ...
2 comments:
Thursday, March 27, 2014

Intuition in economics can't replace reason

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One thing you will notice early on about economics is the overuse of the term intuition. Typically the term is used like this — “Let me ...
2 comments:
Thursday, March 13, 2014

Spartan Morality

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I want to show how the morality on display in the movie 300 , in which babies are cast into a chasm for minor deformities or other weakne...
1 comment:
Sunday, March 9, 2014

17 million Reasons Rent Control is Efficient

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The case of Herbert Sukenik being paid $17 million in 2005 to leave his rent-controlled NYC apartment has been receiving a great deal ...
10 comments:
Friday, March 7, 2014

Wrong lesson from Adam Smith's pin factory

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We commonly use stories to teach new ideas, but all too often end up taking the wrong lessons from them. My favourite example is the Coa...
6 comments:
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