Ezra Klein Archive: Economics
Common mistakes made by economists
A list of mistakes that I think economists and people who are heavily influenced by economists tend to make when they look at politics.
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Ezra Klein
| March 10, 2011; 10:25 AM ET |
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Economics
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What do John Taylor and Mark Zandi disagree about?
Mark Zandi says the GOP's proposed spending cuts will cost about 700,000 jobs. John Taylor says they will "increase economic growth and employment." Both are respected economists who immerse themselves in data, research and theory. So how can they disagree...
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Ezra Klein
| March 1, 2011; 5:55 PM ET |
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Economics
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The (political) failure of Keynesianism
Interesting post by Alex Tabarrok arguing that Keynesian politics -- as distinct from Keynesian policies -- has failed pretty much whenever it's been tried, at least in liberal democracies. Keynesianism might be good economics, but persuading people that the right...
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Ezra Klein
| February 16, 2011; 11:13 AM ET |
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Economics
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The history of economics in one sentence
To date, economics has been two parts wonder drug and one part snake oil. That's from Dani Rodrik's new book, "The Globalization Paradox." The hard bit, he says, is telling which parts are the wonder drug and which parts are...
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Ezra Klein
| January 20, 2011; 9:47 AM ET |
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Economics
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An unnecessary, inevitable slump
Alongside Gauti Eggertsson of the New York Fed, Paul Krugman has been spending some time on a longer paper looking at debt, deleveraging, and liquidity traps. Building the model for it, he says, has helped him see the crisis more...
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Ezra Klein
| November 19, 2010; 11:23 AM ET |
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Economics
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The new wisdom of capitalism
In his column today, David Brooks exhorted readers to "doubt the wizardry of the economic surgeons and appreciate the old wisdom of common sense: simple regulations, low debt, high savings, hard work, few distortions." Economist Karl Smith had a useful...
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Ezra Klein
| November 16, 2010; 5:52 PM ET |
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Economics
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