Month: October 2013

Understanding economics in the news

There are three kinds of economics: curve-shifting, pop-art, and media. Formal theorizing favored by academic economists usually involves shifting curves on diagrams, so it is called curve-shifting economics. Its technical character makes it suitable mainly for those seeking degrees in economics. Pop-art economics is found in economic best-sellers. Although fun, it is too often harebrained. …

Understanding economics in the news Read More »