Economics Debates of Note

There is a lot of confusion over the Fed's use of core inflation as part of its policy making process. One reason for confusion is that...

Many people may not care whether our current situation meets the formal definition of a recession, but as I've explained previously, you...

Here is a discussion among 4 economists of the teaching/research trade-off .... more>>

It is the nature of journalism, even pieces written by top economists, for the pithy remark to take the place of accuracy or meaning. Here a...

Thomas Palley says "if the union price - wage spiral story of inflation is correct (which it is), Friedman's natural rate theory i...

The Stolper-Samuelson theorem is a remarkable theorem: it says that in a world with two goods and two factors of production, where specializ...

Brad DeLong is a fine economic historian, but he is also an exceptionally partisan blogger, and today it shows with a fury. DeLong attacks ...

Awhile back, I posted a summary of a paper by Golosov and Lucas. The paper is important because it raises questions about the ability of ...