A review of James Kwak’s Economism

I just finished reading James Kwak’s Economism: Bad Economics and the Rise of Inequality. Here is a quick review of the book.[1] Imagine a first-year economics student. After attending six lectures in introductory economics, and carefully studying the first six chapters of his economics textbook, s/he gets comfortable with the basic supply-demand model. Bedazzled byContinue reading “A review of James Kwak’s Economism”

Using and Abusing Models in Economics: A Review of Rodrik’s Economics Rules

“There is much to criticize in economics, but there is also much to appreciate” Dani Rodrik (in Economics Rules, p. ix) Dani Rodrik’s new book Economics Rules: The Rights and Wrongs of the Dismal Science will be available soon. Here is an early quick review of the book. If you do not have much time, hereContinue reading “Using and Abusing Models in Economics: A Review of Rodrik’s Economics Rules”