The Underhanded Economist

Economics is not rocket science. It's not even science.

Friday, October 14, 2016

Der stille Abschied der Ökonomie von der Angebotspolitik

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Die Angebotspolitik -- supply-side economics  im O-Ton -- hat seit nunmehr 30 Jahren die ökonomische Realität in der Welt bestimmt. Ökonomen...
Thursday, March 3, 2016

The Fallacy of Perfect Competition

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I've written extensively about perfect competition and the fact, that the claims made by economists cannot be reproduced in a computer s...
Monday, December 14, 2015

How economists work

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The model was amazing. It was neat and slick and smooth all around, had no edges. It looked just perfect. "Does it float?" I ask...
Friday, December 11, 2015

The Dog Leash Model of Economics

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We're in unchartered territory. Billions of QE funds that don't appear to reach main street and don't appreciatively stimulate t...
Monday, May 11, 2015

Open Letter to Leftist Parties of the World (plus Switzerland)

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When (or if , depending on your point of view) Global Warming begins to hit us all, there's one thing nobody is able to ask: Why weren...

News From The Bookshelf

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I'm just reading Economics: The User's Guide by Ha-Joon Chang , Professor of Economics at the University of Cambridge . It is a ver...
Sunday, January 4, 2015

Die Tragödie des Merkels

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Im Blog Never Mind The Markets des Schweizer Newsnets (Tages-Anzeiger, Finanz und Wirtschaft, Berner Zeitung und andere) diskutieren die Au...
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Ralph Sommerer
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