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EAL: Economics as an Alien Language

This year’s exam papers are a true mix of the good, the bad and the utterly confusing. Looking at the papers with a wide-angle lens, coverage/depth was excellent and there were no egregious examples of peripheral and non-core issues aimed at with the questions. And, once again, as in every exam since 2013, theory of […] Find out more

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Shibumi

The heading refers to my favourite author, Trevanian (Rodney Whitaker) a writer and university professor. Although he had written several novels under this pseudonym and other books under other pseudonyms. (He took great pains to remain anonymous, something I increasingly understand in today’s Twitterati-infested instant-information world of knee-jerk outrage and faux indignation.) It was with […] Find out more

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Is anyone else alarmed?

The ‘tag line’ in my sent emails reads “There is nothing more economically damaging that a set of beliefs lacking any underpinning in data, empiricism or common sense – any opinion asserted without evidence can be summarily dismissed without evidence. Matt McGee, Christopher Hitchens ” My wife saw this on a recent trip to Ukraine. […] Find out more

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“They’re rioting in Africa….”

I grew up in what might be termed an ‘old fashioned household’ – another way of saying that much of what I call my personal tastes are in fact hand-me-downs from my parents. One example is my taste in music, which ranges from Ramstein and Metallica to Judy Henske and The Kingston Trio – the […] Find out more

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Did I miss a memo? Let’s keep the ‘F-word’.

FAIL (intransitive verb); to fall short, to be unsuccessful Most of the people who know me have long since realised I don’t do transitional material. I’m also not great at light conversation. I’ve been told of my tendency to go of on a (ranting) tangent on whatever subject has prodded me with a stick. So, […] Find out more

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In the long run, we’re all spread

President Harry Truman famously exclaimed, after dealing with a number of economists and economic predictions, that he needed a one-handed economist. Yes, we do have a tendency to opine back and forth, often cushioning our vagaries with “…on the one hand…on the other hand…” which so irritated the former US president. One of Keynes’ friends […] Find out more

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