The moral hazard of Birks

I was sitting in a conference in the basement of the Birks building, staring through the floor as the TA mumbled something about critical thinking… and I suddenly noticed that one of my classmates was still wearing his boots. As a rule-following person in general, I’ve followed the Birks rule[Read More…]

You say, we hear—words and why they matter

In 1967, economist Milton Friedman gave an address to the members of the American Economic Review. It laid the foundations for the resurgence of monetarism and the rise of neoliberalism, which would eventually replace Keynesianism, revolutionize macroeconomics, and win Friedman a Nobel Prize. At that time, nearly every macroeconomist in[Read More…]

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