korrents

economists

The economists themselves and the schools they founded -- Smith, Mill, Keynes, Hayek, Friedman -- rather than any one economic question.

What people on korrents have said about economists, newest first — 16 positions from 4 people.

FilterEveryone, all time
Who Everyone TCTyler Cowen 13 BSBalaji Srinivasan 1 MAMarc Andreessen 1 OBOlivier Blanchard 1
When All time Past 1 yearPast 3 yearsPast 5 years
  1. BS

    Balaji Srinivasan quoted

    Our readingTwo-sided marketplaces show that not all economically relevant knowledge is local, contrary to Hayek's calculation argument.

    Their wordsIf you run a two-sided marketplace, you’ll find contra Hayek that not all knowledge is local.

    ↗The Network Statethenetworkstate.com 19th of 25 in this piece

    Interesting
  2. 3 years earlier
  3. OB

    Olivier Blanchard quoted

    Our readingThe sharp steepening of the long end of the yield curve in 2023 was not predicted by economists, including forecasters who had modelled persistently low safe rates.

    Their wordsIt is fair to say that, while economists expected the short end of the yield curve to reflect the higher rates needed to win the fight against inflation, the sharply steeper long end of the yield curve in the last few months has come as a surprise. I shall freely admit that I did not predict it.

    ↗If markets are right about long real rates, public debt ratios will increase for some timepiie.com

    inflation

    Interesting
  4. 3 weeks earlier
  5. MA

    Marc Andreessen quoted

    Our readingTechnology is a lever on the world -- the way to make more with less -- and productivity growth is the main driver of wages, industries and jobs.

    Their wordsWe believe technology is a lever on the world – the way to make more with less. Economists measure technological progress as productivity growth: How much more we can produce each year with fewer inputs, fewer raw materials. Productivity growth, powered by technology, is the main driver of economic growth, wage growth, and the creation of new industries and new jobs, as people and capital are continuously freed to do more important, valuable things than in the past.

    ↗The Techno-Optimist Manifestoa16z.com

    Interesting
  6. 2 weeks earlier
  7. TC

    Tyler Cowen quoted

    Our readingMilton Friedman's chief intellectual flaw was wanting to make economics too simple.

    Their wordsAnd indeed overall that interaction fits with my more general reservation about Friedman: he wanted to make economics just a little bit too simple.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 1st of 25 in this piece

    Interesting
  9. TC

    Tyler Cowen quoted

    Our readingJohn Maynard Keynes is best understood as a British aesthete rationalist who did economics in his spare time, not primarily as an economist.

    Their wordsI don’t view Keynes primarily as an economist, rather I see him as a British aesthete rationalist who did economics in his spare time, and fortunately he had lots of spare time.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 2nd of 25 in this piece

    Interesting
  11. TC

    Tyler Cowen quoted

    Our readingKeynes's bisexuality and strong interest in gay sex were a significant cause of his ability to grasp different and outside perspectives.

    Their wordsI view Keynes’s bisexuality and his strong interest in gay sex as a significant cause of what made him interesting and which gave him so strong an ability to grasp different and outside perspectives.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 4th of 25 in this piece

    Interesting
  13. TC

    Tyler Cowen quoted

    Our readingThe General Theory is a brilliant work despite numerous flaws in reasoning, exposition, and microeconomics.

    Their wordsMy current view is that the General Theory is a brilliant work, marred by numerous mistakes in reasoning, exposition, and microeconomics.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 6th of 25 in this piece

    Interesting
  15. TC

    Tyler Cowen quoted

    Our readingHayek's three best economics articles surpass the three best articles from any other economist.

    Their wordsHayek’s three best articles are better than any three articles from any other economist.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 7th of 25 in this piece

    Interesting
  17. TC

    Tyler Cowen quoted

    Our readingAn inability to see the viewpoints of people unlike oneself is a genuine weakness in a social scientist, not merely a separate moral failing.

    Their wordsIt is a sign that Hayek was not so great at seeing the viewpoints of other people, and that (political moralizing aside) also should count as a weakness of him as an economist and social scientist.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 11th of 25 in this piece

    Interesting
  19. TC

    Tyler Cowen quoted

    Our readingNeither monetarist money-supply-focused models nor Keynesian macro models have outperformed simple random-walk models at forecasting the macroeconomy.

    Their wordsFriedman’s focus on the money supply has not held up, as Samuelson suggested, but the alternative Keynesian macro models recommended by Samuelson in the same interview have not done better and they were not outperforming simple random walk models of predicting the macroeconomic future.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 12th of 25 in this piece

    Interesting
  21. TC

    Tyler Cowen quoted

    Our readingJohn Stuart Mill's The Subjection of Women is one of the best, most important, and most original books of the nineteenth century.

    Their wordsNot only did Mill consider the topic of women, but virtually everything he claimed turned out to be true, and insightful, even though it was highly controversial at the time. It is one of the best and most important and most original books of the nineteenth century.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 16th of 25 in this piece

    Interesting
  23. TC

    Tyler Cowen quoted

    Our readingJohn Stuart Mill developed a deeper and more enduring defense of liberty than Hayek or Friedman did, despite writing decades earlier.

    Their wordsIt is striking that Mill, although writing many decades before Hayek and Friedman, fleshed out a deeper and more enduring defense of liberty than they did.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 17th of 25 in this piece

    Interesting
  25. TC

    Tyler Cowen quoted

    Our readingModern prosperity does not refute Malthus: the Malthusian dilemma was faced, and one of Malthus’s own options was taken.

    Their wordsYou thus can see that the prosperity of the modern world does not refute Malthus. We faced the Malthusian dilemma and opted for one of his options, namely vice.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 19th of 25 in this piece

    Interesting
  27. TC

    Tyler Cowen quoted

    Our readingMilton Friedman was the best economist among the plausible candidates for greatest economist of all time.

    Their wordsFriedman has one big factor in his favor, namely that he is clearly the best economist on the list of contending names.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 22nd of 25 in this piece

    Interesting
  29. TC

    Tyler Cowen quoted

    Our readingMilton Friedman's best-known policy prescription, targeting the money supply, is no longer regarded as correct.

    Their wordsFriedman’s best-known policy idea – targeting the money supply – no longer is regarded as correct.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 23rd of 25 in this piece

    Interesting
  31. TC

    Tyler Cowen quoted

    Our readingAmong the leading candidates for greatest economist of all time, Adam Smith was analytically the weakest, save perhaps Malthus.

    Their wordsOf all the contenders for GOAT, Smith seems to be clearly the worst economist, with the possible exception of Malthus.

    ↗GOAT: Who is the Greatest Economist of all Time and Why Does it Matter?tylercowen.com 24th of 25 in this piece

    Interesting