The Occasional Observer

please check out the outstanding blog Bounded Irrationality, which is written by Starving Econ Grad, a/k/a Econ Grad Student as he is known over at Race 4 2008. Despite being a proud Protestant (hey, nobody's perfect), his blog is everything that's right about blogs. It is economics with all the hard facts you would expect from a practitioner, but with the heart and humanity of a Christian. Kudos, EGS, and keep up the good work.

Here's a bit of a recent post, if you'd like to get a flavor for the blog:

The Schools of Economic Thought for the Layman

I've noticed most people assume Economists are like Physicists. They assume we agree on the basics and just disagree on few points. In reality the very basic assumptions of economic theory are disputed by Economists.

Over the next few weeks I'll single out a single school of Economic thought and describe what they believe and how they're each different in layman's terms.

I plan on covering the following Schools of Economic Thought:

1) Classical- This is where it all starts. Principles of Economics

2) Keynesian- Reaction to the Death of Classical Economics during the Great Depression.

3) Classical-Keynesian Synthesis- Reaction to the problems of Keynesianism.

4) Marxist- Socially/historically important but empirically weak.

5) Austrian- Classical Economics on steroids.

6) Monetarist- Close relative of Austrian Economics.

and for fun the Institutionalists (Thorstein Veblen).

His follow up posts on the Classical and Keynesian schools have already gone up, as have some other good posts, like this one.