James Kwak is the latest to take up the point that Economics 101 isn't all that good as a basis for designing public policy. To which the answer is, well, yes, of course. Why is anyone in the least ...

Editor’s Note: This article previously appeared in a different format as part of The Atlantic’s Notes section, retired in 2021. In January, James Kwak wrote about how basic economic principles can be ...

Chris House has a somewhat odd post in which he argues that unlike in most other academic disciplines, in economics the facts have a conservative bias: I suspect that the relatively high proportion of ...