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Economists

Hobbes, Nobel Prize Winners and Inequality

John Weeks | Posted 07.30.2014 | Politics
John Weeks

Anyone with a non-zero pulse rate should know about the ongoing debate over whether income and wealth inequality has risen in United States and Europe, and the implications if they have.

Surprising Study Points Way To Protecting Our Planet

The Huffington Post | Macrina Cooper-White | Posted 06.27.2014 | Science

Albert Einstein once said: “Nothing truly valuable can be achieved except by the unselfish cooperation of many individuals." Alas, when it comes to ...

Piketty Never Actually Read Marx's 'Das Kapital'

The Huffington Post | Kevin Short | Posted 05.06.2014 | Business

French economist Thomas Piketty is distancing himself from Karl Marx, the 19th century economist many compare him to. In an interview with The New Rep...

Weltanschauung -- How We Think of Things Determines How We Look at Them

Soren Petersen | Posted 05.23.2014 | Politics
Soren Petersen

As our economies increasingly move from production and service economies to creative economies, the outdated metrics we use are failing to capture the true value of what is being created. Thus, they do not reflect what a culture truly wants.

Here's How Congress Might Not Screw Up The Economy

AP | By JOSH BOAK | Posted 02.17.2014 | Politics

WASHINGTON (AP) — The U.S. Congress did something Wednesday it hasn't done during three years of partisan warfare: Pass a budget deal that won't lik...

Nobel Winning Economist: Beware Of The Stock Market Bubble

Reuters | Posted 01.31.2014 | Business

BERLIN, Dec 1 (Reuters) - An American who won this year's Nobel Prize for economics believes sharp rises in equity and property prices could lead to...

Ferguson To Krugman: 'Paul, You DERP!'

HuffPost Live | Posted 10.11.2013 | HuffPost Live 321

Harvard professor and author Niall Ferguson took on Paul Krugman in a series of blog posts on The Huffington Post. He joined HuffPost Live host Alyona...

Is Economics a Science?

Jared Bernstein | Posted 10.26.2013 | Business
Jared Bernstein

Because economics both poses as a hard science and fails to generate reliable predictions, establishing economic facts is an elusive exercise. Battling statistical analyses come to opposite conclusions on the impact of fiscal stimulus, changes in tax rates, wage mandates, regulations, and so on. Into this void steps money and power, such that today we find ourselves with think tanks staffed by economists who provide their clients with the answers they seek. And since those with the deepest pockets can buy the results that best serve their goals, it is increasingly difficult to generate the wealth of evidence needed to offset market failures, inequities, and even existential threats.

The Necessity for "Muddling Through" Economics

Ed Crego, George Muñoz and Frank Islam | Posted 08.20.2013 | Business
Ed Crego, George Muñoz and Frank Islam

Surprisingly, it appears that economists may agree with one another much more frequently than is thought. We would be remiss if we did not point out that this is not necessarily a good thing for two reasons.

Worms, Pond Scum, and Economists

Dean Baker | Posted 05.18.2013 | Business
Dean Baker

The failure to see the largest asset bubble in the history of the world, coupled with the failure to prescribe an effective remedy to deal with the damage, should be sufficient to earn the economics profession the contempt of right-thinking people everywhere.

Economy's Rise Sparks Political Battles Over Who Gets Credit

AP | JIM KUHNHENN | Posted 03.09.2013 | Business

WASHINGTON -- Increased hiring, lower unemployment, stock market on the rise. Who gets the credit? It's a hotly debated point in Washington, where po...

Tax Code Must Be Reformed By Congress, 95 Percent Of Economists Say

AP | Posted 03.04.2013 | Business

WASHINGTON -- Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and...

100 Facts About The Economy That Will Blow Your Mind

The Motley Fool | Morgan Housel | Posted 03.03.2013 | Business

The Motley Fool In no particular order... 1. As of January 2013, there are 16 people left in the world who were born in the 1800s, according to...

350 Economists Warn Sequester Cuts Could Kill Recovery

Roger Hickey | Posted 04.28.2013 | Politics
Roger Hickey

How many economists does it take -- to make the Congress and the president and the media pay attention? Paul Krugman has been warning of the dangers of austerity for a long time. But the media treats him as an outlier.

Davos 2013: An Interview With an Economist

Peter Holmes a Court | Posted 03.25.2013 | Business
Peter Holmes a Court

As the Annual Meeting for the World Economic Forum in Davos reaches full speed, I have tried to tackle the philosophical question of what would happen if you interviewed an economist and nobody heard his answers? Did the interview take place? Does it matter?

Mark Gongloff

Fiscal Cliff Deal To Significantly Injure U.S. Economy

HuffingtonPost.com | Mark Gongloff | Posted 01.23.2014 | Business

The U.S. economy may have avoided falling off the fiscal cliff into a new recession, but it is still going to tumble down a rocky fiscal escarpment --...

Predictions Are Killing Your Returns

Dan Solin | Posted 12.18.2012 | Business
Dan Solin

Relying on this advice has very negative consequences. It distracts you from determining your capacity for risk, diversifying your portfolio, low fees and taxes.

Magnificent Trespasser

Robert Kuttner | Posted 02.13.2013 | Politics
Robert Kuttner

Albert Hirschman, an economist who became one of the greatest of the 20th century's moral philosophers, died Tuesday at age 97.

Paul Krugman And 25 Other Economists You Should Follow On Twitter

The Huffington Post | Bonnie Kavoussi | Posted 12.03.2012 | Business

Twitter can be a wonderful place to unearth economic news and analysis. The only problem is knowing who to follow. But fear no longer, because we have...

Zach Carter

Romney Economic Adviser Calls For Raising Taxes On The Rich

HuffingtonPost.com | Zach Carter | Posted 11.14.2012 | Politics

Mitt Romney's former economic adviser Glenn Hubbard published an op-ed in the Financial Times Tuesday calling for higher tax rates on the wealthy and ...

QE-ternity and Beyond

Michael Farr | Posted 09.21.2012 | Business
Michael Farr

Surprise! The Federal Reserve did something pretty much no one thought they would do: they announced dramatic additions to monetary accommodation less than two months before the elections.

Mark Gongloff

How A Nasty Election Could Wreck The Economy

HuffingtonPost.com | Mark Gongloff | Posted 08.24.2012 | Business

Like most Americans, you're probably thoroughly enjoying the nasty 2012 presidential election. We just can't get enough of the rape gaffes and the bir...

Economics: The Psychologically Naïve Science

Ian I. Mitroff | Posted 10.09.2012 | Politics
Ian I. Mitroff

Why do those at the very bottom rungs of society often oppose, again in the most violent terms, government health care? Because, if one accepts such aid, then one finally has to admit that one is indeed at the very bottom. And that is far too painful to do. Irrational? Perhaps.

Crude Awakening

David Crisanti | Posted 10.08.2012 | Business
David Crisanti

This week's headscratcher from the WSJ op-ed pages came Friday, titled "Who Really Gets Rich off High Gas Prices?" Oil companies and countries that ...

I'd Run Barclays for $1 Million!

Laurence J. Kotlikoff | Posted 09.11.2012 | Business
Laurence J. Kotlikoff

Dear Remaining Members of the Barclays Board, I heard you're having some senior personnel problems.