A Little Pigou Is A Dangerous Thing, Part 1

by Mario Rizzo   A little Learning is a dang’rous Thing; Drink deep, or taste not the Pierian Spring: There shallow Draughts intoxicate the Brain, And drinking largely sobers us again.   Alexander Pope  Sometimes in the course of scientific development an idea gets introduced with various qualifications and limitations that are “forgotten” in an effort to … Continue reading A Little Pigou Is A Dangerous Thing, Part 1

Pigou is the new Keynes

by Sandy Ikeda A full-page article in today's Wall Street Jounal begins: At the Heavenly Models home for deceased economists, an award is being presented to the resident whose work best explains financial crises, global warming, and other pressing issues of today. The winner, according to author John Cassidy, is A.C. Pigou, the new flavor … Continue reading Pigou is the new Keynes