Economics Roundtable
The Problem - I
Calculated Risk has the clearest picture of the problem we face.
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The Problem - II
Calculated Risk adds the the clearest picture of the housing tailspin.
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Special Topic 8/4/10
This week, the Roundtable will feature a special listing for reaction to the payroll employment figures from ADP on Wednesday and the BLS on Friday.
ADP: +42,000
BLS: -131,000/+71,000
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Special Topics 6/28/10
This week, the Roundtable will feature special listings for reaction to Wednesday's
CBO budget projections and the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +13,000
BLS: -125,000/+83,000
CBO: Take your pick.
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Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Knowledge & the Wealth of Nations
"A Story of Economic Discovery”
Lionel W. McKenzie of the University of Rochester, a significant player in Knowledge and the Wealth of Nations and careful reader of the book, has along sent ”a little paper” untangling the highly-compressed description of turnpike theorems that appears in connection with the series of conferences on growth theory that occurred in the early 1960s. [P. 156: "Exciting new theorems ...
Knowledge and the Wealth of Nations is the beneficiary of an especially perspicacious and kind review in the Economist.
Stanford’s John McMillan enjoyed Knowledge and the Wealth of Nations. He writes, “I found no nits to pick, except one: your use of ‘dismal science’ in a chapter heading. You might check out Carlyle’s article ‘Occasional Discourse on the Negro Question.’ Economic analysis was ‘dismal,’ in his view, because its ...
Asif Dowla, professor of economics at St. Mary’s College of Maryland, points out an error on page four of Knowledge and the Wealth of Nations, where it is asserted that the American Economic Association has never been headed by anyone who was not an American citizen, “the three who were ...
Gavin Kennedy, emeritus professor at Edinburgh’s Heriot-Watt University and blogger at Adam Smith’s Lost Legacy, is upset (May 23 entry) that Knowledge and the Wealth of Nations doesn’t do justice to the subtley of the views of Adam Smith. It most certainly does not. But then that is not what the book is ...
This page was created to make some sort of response to the reception of Knowledge and the Wealth of Nations: A Story of Economic Discovery, enlarging and elaborating mostly, annotating occasionally. To those who formed the expectation that its discourse would be incessant, or even regular, I apologize. I’ve have been traveling, visiting, working in ...
My old friend Reuven Brenner (eight books, including History: the Human Gamble, Betting on Ideas: Wars, Invention Inflation, and, most recently, The Force of Finance: Triumph of the Capital Markets) writes from McGill University, where he holds the Repap Chair of Business on the Faculty of Management,
I believe you make a ...
Knowledge Knowledge and the Wealth of Nations appeared in 2006 without a bibliography,rendering it more suitable to airplane reading than classroom use. That is not such a bad thing for a book about technical economics. (The British Wallpaper guidebook series breveted it ”best long-haul read” last ...
Prof. Gavin Kennedy, of Heriot-Watt University (emeritus) and Adam Smith’s Lost Legacy, has called my attention, indirectly, and Paul Walker, of Anti-dismal, directly, to an error in ...
One of the problems of writing Knowledge and the Wealth of Nations had to do with deciding how to deal with the many realms in which parallel discussions had gone forward about the same time. What to say about the related work in international trade? In industrial organization? In growth ...