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Fiscal theory of the price level

Reading Brad DeLong’s Slouching Towards Utopia, I was surprised to see that he explains events using the fiscal theory of the price level (FTPL). The FTPL is not my area of expertise. I’ve known about it for 25 years or so, as one of my grad schoo...

Sometimes life gets in the way

I wish I was writing more. Unfortunately, as “they” say, sometimes life gets in the way. There was the extended COVID sickness. Then not that long after I had that behind me, but before I had any chance to catch up, I got a different virus. That ...

In praise of mediocrity

It’s okay to be mediocre if you’re consistent. What I mean by that is that you generally can’t judge the quality of your work by looking at a single day.

The beauty of functional programming

Life is finally returning to normal after my battle with Covid. Not anything too serious, just sickness that lasted for more than five weeks. That was the longest it has ever taken me to recover from an illness by a long shot. My productivity was ...

Covid, it's still here

Repeat after me: Covid is not the flu. For some of us, at least, it’s hard to get rid of Covid.

Teaching intro econ courses

An article about teaching intro econ courses was posted on Hacker News. Rather than put a comment there - where the other commenters typically have no familiarity with and strong opinions on these topics - I felt it would be better to post my comm...

Back at it

One of the obvious disadvantages of getting sick (Covid in my case) is that your work piles up. That’s not the case for, say, a delivery driver, where they’d find a substitute driver rather than let all the packages build up. Nothing goes away whe...

Covid

After 2.5 years, I finally tested positive for Covid. I have a few thoughts:

Handling Many Projects

In my post yesterday I went into some of the issues associated with the scale of information I have to manage.

The difficulty of scaling

Something I dislike about being a full professor is the amount of administrative work you have to do - and that you agree to do, even if you don’t have to, simply because you want to do your share. A professor will not normally have any training t...

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