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In light of Justice Alito’s opinion today in the consolidated cases Mullin v.
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Here is a slightly edited text of the conversation I had this afternoon on Gemini that began with a question about comparing how Hayek and Dworkin understand the legal meaning of discretion. 3:54 PM Gemini: F.A.
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Yesterday on Twitter, I commented on a Tweet referencing a comment by White House Press Secretary Karoline Leavitt about the meeting yesterday between Presidents Trump and Zelensky along with the other European leaders accompanying Zelensky.
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J.
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The Fiscal Theory of the Price Level has been percolating among monetary theorists for over three decades: Eric Leeper being the first to offer a formalization of the idea, with Chris Sims and Michael Woodford soon contributed to its further development.
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The published version of the article is now available on the Economic Afairs website https://onlinelibrary.wiley.com/toc/14680270/2024/44/2.
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Last fall and early winter I posted a series of four blogposts (here, here, here, and here) about or related to Ralph Hawtrey as I was trying to gather my thoughts about an essay I wanted to write about Hawtrey as a largely forgotten pioneer of macroecono…
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Nobel Laureate T.
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Clara Mattei, associate professor of economics at the New School for Social Research, recently published a book, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism, (University of Chicago Press) in which she argues that the…
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In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understood it, as a guide for individual fractional-reserve banks.