Democracy and minority rule Eric Lonergan 9th July 2017 Theory & Other Problems Democracy is an attempt to provide legitimacy for law-making and government. Legitimacy resides in obtaining the consent...
Secular stability Eric Lonergan 22nd June 2017 Economic History, Theory & Other Problems 1 The defining characteristic of US economic data since the financial crisis is not stagnation, but stability. We all look...
When big data is worse than a sample of none Eric Lonergan 10th June 2017 Finance & Asset Pricing, Theory & Other Problems 4 Michael Mauboussin uses a very simple exercise to illustrate how difficult it is to statistically distinguish skill from...
The economics of partying too hard Eric Lonergan 10th June 2017 Theory & Other Problems What is the difference between work and leisure? A distinction based on paid and unpaid activities is incomplete. A bett...
Why do asset prices move? Eric Lonergan 25th April 2017 Finance & Asset Pricing 6 Discussions of volatility tend to reveal eccentric views of asset price determination. 'Uncertainty' is deemed to increa...
The case for a new economics Eric Lonergan 26th February 2017 Economic History, Helicopter Money, Monetary Policy, Theory & Other Problems 3 What’s really wrong with NAIRU Earlier this year, Matthew Klein at FT’s Alphaville, made a typically punchy and well-...
