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What happened to the global economy and what we can do about it
07 марта, 18:28

Soak the Poor, Feed the Rich

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By James Kwak After the dangerous clown show that has been the Trump White House, it’s comforting to return to some good, old-fashioned conservative policymaking: bashing the poor to cut taxes on the rich. I’m talking, of course, about the … Continue reading →

06 марта, 04:47

Review Copies of Economism

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By James Kwak If you teach introductory economics or introductory micro, at either the high school or university level, and you’re interested in possibly using Economism in your class, let me know and I’ll send you a (free) review copy. Just email … Continue reading →

30 января, 15:43

Why Is Connecticut Giving Its Employees’ Money to the Asset Management Industry?

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By James Kwak In general, the State of Connecticut offers pretty good defined contribution retirement plans to its employees. Most importantly, it offers several low-cost index funds in institutional share classes. For example, you can invest in the Vanguard Institutional … Continue reading →

27 января, 23:39

The Right to Have Rights

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By James Kwak There’s a story you hear often these days. The story is that America has too many lawsuits: too many lawyers, too many people filing frivolous suits, too many excessive damages awards by juries, and so on. This story is the … Continue reading →

24 января, 20:12

Economism and Economics

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By James Kwak One point I try to be clear about in my new book is that economism—the assumption that simple Economics 101 models accurately describe the real world—is not the same as economics. There are people who think that … Continue reading →

23 января, 23:06

Economism and the Law

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By James Kwak Economism—the simplistic, unreflecting application of Economics 101 models to complex, real-world issues—is particularly influential in the law, including both legal academia and actual court opinions that decide important questions. The "economism" that @jamesykwak talks about is at its worst in … Continue reading →

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20 января, 19:49

Economism and Health Care

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By James Kwak A core feature of competitive markets, according to the basic model, is that they allocate goods to the people or companies that are willing to pay the most for them. In theory, and in many situations, this … Continue reading →

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12 января, 19:28

Conflicts and Corruption

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By James Kwak To be clear, the idea that Donald Trump will be president while he or his children effectively own a company that does business all over the world is preposterous. (Quick primer on trust law: A trust is … Continue reading →

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10 января, 15:56

Economism Typo Contest

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By James Kwak Today, you may be getting your copy of Economism: Bad Economics and the Rise of Inequality in the mail. Or you may even be able to buy it in a bookstore. But before you crack it open, … Continue reading →

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10 января, 01:33

Economism and the Future of the Democratic Party

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By James Kwak I haven’t written much about the election itself (except to point out that the same data can be interpreted in diametrically opposing ways). That’s because the election was so close that the fact that Clinton lost can be explained … Continue reading →

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30 декабря 2016, 23:35

A Change Is in the Air

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By James Kwak There was one moment, when I was finishing up the manuscript of Economism, that I thought someone had already said what I was trying to say in the book. This is what I read: “The beauty and the … Continue reading →

26 декабря 2016, 15:30

The Curse of Credentialism

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By James Kwak I just finished reading J. D. Vance’s memoir, Hillbilly Elegy. I don’t feel like adding to the torrent of instanalysis of the “white working class,” however, so I’ll just comment on the description of Yale Law School—which, in the … Continue reading →