What\u2019s the use of economics? | vox<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"This column by Alan Kirman highlights the problem with macroeconomics today: The simple question that was raised during a recent conference organised by Diane Coyle at the Bank of England was to what extent has – or should – the teaching of economics be modified in the light of the current economic crisis? The simple … <\/p>\n
Continue reading “What\u2019s the use of economics? | Alan Kirman | vox”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[1184,2187,2332],"class_list":["post-5923","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economics-profession","tag-macroeconomics","tag-models"],"yoast_head":"\nWhat\u2019s the use of economics? | Alan Kirman | vox - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s the use of economics? | Alan Kirman | vox - the patient investor\" \/>\n<meta property=\"og:description\" content=\"This column by Alan Kirman highlights the problem with macroeconomics today: The simple question that was raised during a recent conference organised by Diane Coyle at the Bank of England was to what extent has – or should – the teaching of economics be modified in the light of the current economic crisis? 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If there's surplus wheat, the price of wheat will fall to clear the market. If there's surplus labor, similarly, the wage will fall to eliminate unemployment. What\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/12\/08\/economics-is-just-politics-masquerading-as-science-pragmatic-capitalism\/","url_meta":{"origin":5923,"position":1},"title":"Economics is just politics masquerading as science | Pragmatic Capitalism","author":"ColinTwiggs","date":"December 8, 2014","format":false,"excerpt":"From Cullen Roche: ....much of economics is just politics masquerading as science In an earlier blog, Roche discusses the reasons for this (emphasis added): Most of economics involves conforming a political bias with a world view. \u00a0For instance, most Keynesians start with government spending and taxing, how those government policies\u2026","rel":"","context":"In "Economic Theory"","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3194,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/22\/white-houses-krueger-lack-of-demand-holding-back-economy-real-time-economics-wsj\/","url_meta":{"origin":5923,"position":2},"title":"White House\u2019s Krueger: Lack of Demand Holding Back Economy – Real Time Economics – WSJ","author":"ColinTwiggs","date":"December 22, 2011","format":false,"excerpt":"A lack of demand is causing the weak economy rather than uncertainty over taxes, regulation and economic policies, according to Alan Krueger, the chairman of President Barack Obama's Council of Economic Advisers. via White House\u2019s Krueger: Lack of Demand Holding Back Economy - Real Time Economics - WSJ.","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6157,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/australia-not-fiscal-cliff-fiscal-flab\/","url_meta":{"origin":5923,"position":3},"title":"Australia: Not fiscal cliff — fiscal flab","author":"Colin Twiggs","date":"November 13, 2012","format":false,"excerpt":"Jessica Irvine writes that Australia is faced with an aging population and spiraling health costs, but a free-spending government will leave us unprepared. Two veteran Budget forecasting groups, Deloitte Access Economics and Macroeconomics, have in recent days delivered their verdict on Mr Swan's mid-year Budget update: It's codswallop. 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Johnson,\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5923"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5923\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}