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Fall of the mighty: How a student took on Harvard economists and won

Apr 18, 2013

Fall of the mighty: How a student took on Harvard economists and won

In the world of economic luminaries, it doesn't get much bigger than Reinhart and Rogoff, whose work has had enormous influence in one of the biggest economic policy debates of the age. #Debt #ThingsWeLike #Thomas Herndon #University of Massachusetts #Economic Theory

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Fall of the mighty: How a student took on Harvard economists and won

Jul 28, 2014

Time To Put A New Economic Tool In The Box

Below is the July 27th Thoughts from the Frontline, republished in full: conomists are at this moment called upon to say how to extricate the free world from the serious threat of accelerating inflation which, it must be admitted, has been brought ab...
Fall of the mighty: How a student took on Harvard economists and won

Jul 27, 2014

Where Is The Monopsony Power?

You hear it claimed relatively often today that low wage employers have monopsony power. For example, this is a sometimes cited explanation for the claim that there is no disemployment effect of the minimum wage. A monopsony is when an employer has m...
Fall of the mighty: How a student took on Harvard economists and won

Jul 29, 2014

The Dynamics of Poverty

Matt Bruenig raises some issues about poverty that I think are worth discussing. He compares two popular theories of poverty: individual and structural. Contrasting the two, Matt writes: The individual theory predicts that they are the same people (a...
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