Category Archives: Economic Theory

An Open letter to Milton Friedman

Dear Dr. Friedman, In 1994, you praised Hayek’s book The Road to Serfdom as a “manifesto – a call to arms against tyranny.” Prior to this, you also stated several times that you were advocating not for a 19th Centruy … Continue reading

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

Homo Economicus and the fail of Sociology

What if I said that there existed a person, that had no race, no gender, was perfectly rational, perfectly efficient, and has all necessary information to function & thrive in this world? This person also was impervious to society, family, … Continue reading

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Quantitative Literacy: The Philosophy of Math (no math required)

As a society, I think we’ve all been conditioned to think of anything mathematical as “truth.” After all, if I have 2 apples, and I eat one, then I only have 1 apple left. Who could argue with that as … Continue reading

Posted in Econometrics, Economic Theory, Public Policy, Race, Socioeconomics, Sociological Theory, Statistics, Uncategorized | 1 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

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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