Thursday, August 25, 2011

Readings for today

Krugman and others deconstructing Barro's anti-Keynesianism (it isn't "regular economics").  But IMO they're all too kind on Barro; though Krugman makes the best case he also defends microeconomics as a useful if limited tool.  Barro is one of the leading freshwater economists of our time.

Psychologists take a look at people who prefer utilitarian solutions and, surprise surpise, they score higher on antisocial personality traits.  But funny, "regular economics" presumes or even preaches that or worse, that we should be out for our own selfish gain (but it's supposed to work out for the best of all, the invisible hand and all, given a whole litany of bad assumptions that Krugman just touches upon).

No comments:

Post a Comment