Monthly Archives: August 2015

Canada’s Unhealthy Obsession with a Balanced Budget

Canada is in the middle of both an election, and a recession. Why Canada is in a recession is obvious, and clear. What is not as clear is why Canada remains obsessed with having a “balanced” budget when it’s obvious … Continue reading

Posted in Economics, Political Economy, Politics, Public Policy, Socioeconomics | Leave a comment

The Econosphere & The Sociology of Derp

I define the Econosphere sociologically. My definition of the Econoshere is simple: The Econosphere is an exclusive society made up of finance and economics people who believe that their society is the only society that exists, and are oblivious to … Continue reading

Posted in Economic Theory, Economics, Markets, Sociological Theory, Sociology | Leave a comment

Interest Rate Obsessions & Social Costs

There’s been a lot of talk, speculation and sheer obsessional madness in the econosphere about the possibility of interest rate increases from the Fed. Yes it’s bad for markets, it’s bad for the economy, it’ll cause a recession, and all … Continue reading

Posted in Economic Theory, Economics, Labor, Macroeconomics, Poverty, Public Policy, Socioeconomics | Leave a comment

Sociology’s Internal Conflict: Obstacles and the Publics

In my last post, I discussed some of the problems facing the field of economics, and their contrast to the field of quasi-economic sociology. I also took a swipe at Sociology. I came upon this question: Why aren’t there Sociologists … Continue reading

Posted in Economic Theory, Political Economy, Politics, Public Policy, Sociological Theory, Sociology | Leave a comment

Economics & Sociology: Skinning the Same Cat

There’s a lot of chatter among academics in the econosphere about Paul Romer’s paper on “Mathiness” as an almost illness in the economics discipline. Mathiness, according to Romer, is the use of mathematics in such a way as to support … Continue reading

Posted in Economic Theory, Economics, Political Economy, Sociological Theory, Sociology | 1 Comment

The Statistical Significance of Statistics

There’s been a lot sparking between some sociologists and economists about the value of the “p-value” in econometric/regression analysis. Noah Smith points out that even the field of Psychology has declared open season on statistical p-values. One missing thing from … Continue reading

Posted in Econometrics, Economics, Public Policy, Socioeconomics, Sociological Theory, Statistics | Leave a comment

How Minimum Wage Has Nothing To Do With Economics

Noah Smith thinks that a $15 per hour minimum wage is a bad idea economically. Admittedly, he makes a compelling argument that regions could suffer, and that any minimum wage should be made on a more local level. However, the … Continue reading

Posted in Economic Theory, Economics, Labor, Macroeconomics, Political Economy, Public Policy, Socioeconomics, Sociological Theory, Sociology, Wages | Leave a comment