We’re sad to inform you that our WPRK radio shows are canceled :'(

Posted: 2013/09/18 by Punkonomics (@dearbalak) in Announcements
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Thanks for all the support from the local community but we were forced to cancel both Secrets of the Fairies and Punkonomics live radio shows as of last week.

We WILL however continue both blogs and will be resuming soon with brand new exciting audio and video products online!

We have many diverse ideas in development so stay tuned on WordPress (SotF and Punk), on Facebook (SotF and Punk), and Twitter (SotF and Punk).

Please stay with us online and be a little patient–we promise you will not be disappointed!

We’re deeply sorry to lose our local radio audience and tried very hard to avoid this outcome but to no avail. We do not want to blame anybody in particular but feel obliged to at least explain that this is due to the inability of WPRK to make any adjustments to our schedules so that they do not conflict with our day jobs as professors. We attempted to resolve this since May but no luck.

Please accept our sincerest apologies and we hope to keep yapping at you online in diverse new formats where we can REALLY go crazy… in a good way ;-)

Cheers,

Charlotte, Beni, and Jesse

What Is Economics Good For? NYT

Posted: 2013/09/17 by Punkonomics (@dearbalak) in Links/Articles/Video
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What Is Economics Good For? – NYTimes.com.

to paraphrase Gertrude Stein: a war criminal is a war criminal is a war criminal

Posted: 2013/09/17 by Punkonomics (@dearbalak) in Links/Articles/Video
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It’s systemic stupid: An Obama is a Bush is an Emperor.

a little rant about the lessons learned from the most recent economic crisis

Posted: 2013/09/16 by Punkonomics (@dearbalak) in Links/Articles/Video
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I wanted to chime in very briefly with a little rant about the lessons learned from the most recent crisis:
(1) A good number of economists from the left and the right DID predict this would happen and have also discussed in details the chronic problems the US economy has developed over the past few decades. This large minority of economists are often referred to as heterodox (as opposed to the orthodox/mainstream) views heard on the media and in traditional textbooks). So the notion that this crisis was a “surprise” or that “nobody could have predicted” it is BS spewed by leading mainstream economists who are defending their intellectually bankrupt views that have brought them their success and fortunes.
(2) Mainstream economics seems to have learned shockingly little from the crisis even though it confirmed many of the theories of the heterodox/radical economists while decisively falsifying most of the mainstream theories. In this sense the economics profession has shown itself to be thoroughly unscientific (from a methodological perspective) and the majority of its celebrated leaders to be little more than idiot-savants justifying the practices of the elites who feed them.
This is truly a low point in the history of economic thought but let’s not forget the minority of economists who are screaming blue murder for decades and have taken very significant hits to their careers by refusing to be seduced by the simplistic views and generous rewards of the mainstream.

 

A short guide to the Middle East

Posted: 2013/09/12 by Punkonomics (@dearbalak) in Links/Articles/Video
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(letter published in last Thursday’s Financial Times)

From Mr KN Al-Sabah,

Sir, Iran is backing Assad. Gulf states are against Assad!

Assad is against Muslim Brotherhood. Muslim Brotherhood and Obama are against General Sisi.

But Gulf states are pro-Sisi! Which means they are against Muslim Brotherhood!

Iran is pro-Hamas, but Hamas is backing Muslim Brotherhood!

Obama is backing Muslim Brotherhood, yet Hamas is against the US!

Gulf states are pro-US. But Turkey is with Gulf states against Assad; yet Turkey is pro-Muslim Brotherhood against General Sisi. And General Sisi is being backed by the Gulf states!

welcome to the Middle East and have a nice day.

KN Al-Sabah,

London EC4, UK

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