Category Archives: History of Economics

Niall Ferguson and Econ 101

Found in Grasping Reality with Both Invisible Hands:

One would think–after such a catastrophic intellectual failure–that Ferguson would be a little bit quieter in stridently putting forward opinions on issues where he has not done his homework. One would imagine that he would be busily marking his beliefs to market, figuring out where he went so completely and catastrophically wrong and how he needs to change his views of how the world economy works. One would think that there would be some apologies from him to all the people whom he misinformed… But playing for Team Republican means never having to say that you are sorry.