Bruce Caldwell is an economist, historian of economics, Hayek scholar, and Director of the Center for the History of Political Economy (“CHOPE”) at Duke University. I recently came across his 2012 Southern Economic Association presidential address, “Of Positivism and the History of Economic Thought” (VI), in which he links the decline of positivism with the hope … Continue reading Two Cheers for Positivism: On the Methodology of Economics
On average, over the last 145 years, the economy of the United States, measured by GDP per capita, has grown 2% per year. Over the last 45 years, however, US per capita growth has been markedly slower, averaging 1.62% for the period 1970-2014. In the wake of the 2008 financial crisis and the slow recovery … Continue reading Against the Winds: Can Innovation Overcome the Negative Trends in the American Economy?
"Individual fates are blown around like leaves in a storm once history strikes" --Stanley Hoffman (1928-2015) The obituary of Stanley Hoffman, an esteemed, humane and quotable international relations scholar, appeared in today's New York times. Once himself an individual displaced by war and prejudice, his counsel - at a time when discrimination and displacement are … Continue reading Stanley Hoffman (1928-2015)
What’s the relevance of archeology to today’s financial and political disputes? Before you answer “None”, take a look at “The V.C.s of B.C.”, a New York Times Magazine report by Adam Davidson, who also does the Planet Money show for NPR. The feature concerns recent archaeological findings, forthcoming in “Ancient Kanesh: a Merchant Colony in … Continue reading Defying Gravity: Is There Any Point to Opposing Trade Agreements?
I set up Winter Tomato to reflect my growing interests in economics, economic history, and historical theory, but for this first post, let’s put beauty over truth. Two museum shows in the US this summer and fall are bringing rare treasures within the average art lover’s reach: “Andrea del Sarto; the Renaissance Workshop in Action” … Continue reading Del Sarto and Caillebotte: New Light on Two Neglected Masters