The lackluster U.S. economic recovery has fueled an unusually public argument between two of the most prominent economists in the country: Nobel prize-winning New York Times columnist Paul Krugman has accused Fed Chairman Ben Bernanke of not doing enough to help spur the economy. Bernanke has responded by pointing out that the Fed has already acted [...]
| Peter Klein | Here is another of those head-scratchers, this one from Amartya Sen, about how neoclassical economics is partly responsible for the financial crisis because neoclassical economists believe that markets work “perfectly”: Since the crisis broke out the economics profession in general and mainstream economics in particular have been severely criticised. Do you [...]
| Lasse Lien | I both challenge and reify this: Contributing to a Foucauldian perspective on ‘discursive resistance’, this paper theorizes how part-time workers struggle to construct a valid position in the rhetorical interplay between norm-strengthening arguments and norm-contesting counter-arguments. It is thereby suggested that both the reproductive and the subversive forces of resistance may [...]
| Peter Klein | I’ve always liked the actor John Lithgow, not only because of his smarmy yet likeable weirdness (keep your comments to yourselves, please), but also because he’s married to an economist, the UCLA economic historian Mary Yeager. (The late Fred Bateman told me that when he and Yeager were just starting out, [...]
| Lasse Lien | An important selling point for the consulting industry is that consultants can presumably help a firm identify and implement “best practice.” Surely the consulting industry is an important channel for disseminating knowledge of better ways of doing things, but identifying what constitutes best practice for a given firm in a given [...]
| Peter Lewin | After a most enjoyable and productive tour as a guest blogger on this site (at least for me), the time has come to say goodbye. I do so at an auspicious moment, having just received my copy of Organizing Entrepreneurial Judgment. This book brings together important work by two of the hosts of this site [...]
| Peter Klein | Did you know this year is the semicentennial of Kuhn’s Structure of Scientific Revolutions? David Kaiser offers some reflections at Nature. At the heart of Kuhn’s account stood the tricky notion of the paradigm. British philosopher Margaret Masterman famously isolated 21 distinct ways in which Kuhn used the slippery term throughout [...]
| Peter Klein | The boys from orgtheory.net were parking in our maintenance lot, so we had to put up signs. (Spotted in Champaign, IL.) Filed under: - Klein -, Ephemera
| Lasse Lien | O&M is nonpartisan, but this description of Mitt Romney as the first quantum politician is IMHO so funny that it would be downright irresponsible to ignore it. After describing how other candidates operate under Newtonian principles, where a candidate’s position on an issue remains constant until acted upon by some outside [...]