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Steven Medema

@spydermed.bsky.social
1.2K followers 234 following 458 posts

Economist and historian of economics @ Duke. Unhealthy fascination with the Coase theorem.

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Steven Medema @spydermed.bsky.social · 13/10/2026
Excellent discussion of the history of economics behind this year’s Econ Nobel by the great @undercoverhist.bsky.social
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Steven Medema @spydermed.bsky.social · 13/09/2026
Even if I bake it in this? 😉
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Steven Medema @spydermed.bsky.social · 09/09/2026
static.klipy.com
Dahliabunni's Popcorn Reaction
ALT: Dahliabunni's Popcorn Reaction
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Reposted by Steven Medema
undercoverhist.bsky.social @undercoverhist.bsky.social · 02/09/2026
1/n We've just put a new (long) paper online: osf.io/preprints/so... It's a new history of macroeconomics, and it's been one very, very important for me to write It summarizes what historians of macro have been up to in the 10 years, but more importantly...
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Steven Medema @spydermed.bsky.social · 17/08/2026
Likely not. His personal aversion to the use of mathematics in economics was quite absolute. But some grad student at Chicago probably would have had one in the JPE within a year!
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Steven Medema @spydermed.bsky.social · 15/08/2026
😍
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Steven Medema @spydermed.bsky.social · 08/08/2026
I have thoughts …
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Steven Medema @spydermed.bsky.social · 06/05/2026
Good stuff on offer here. Then again, I may be slightly biased. But if you are interested in Manne’s entrepreneurial trajectory in spreading the law and economics gospel, this paper provides a window into an important early effort.
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Steven Medema @spydermed.bsky.social · 09/02/2026
There is no truth to the rumor that there is bbq sauce stain on this flier. That said, there will be good ‘q on offer at the SI, as always. Y’all come join us!
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Steven Medema @spydermed.bsky.social · 16/01/2026
There is an article out there that attempts to bring order to the chaos.
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Steven Medema @spydermed.bsky.social · 16/01/2026
Absolutely—essential when you start pulling the strings on the theorem’s assumptions and this thinking about those bargaining processes in the real world.
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Steven Medema @spydermed.bsky.social · 16/01/2026
I’ll give you monop comp within price theory, as there are moments when it actually matters. (May the blessed Milton and George forgive me.) But game theory is irrelevant in a Coase theorem world thanks to the full and complete information that comes with the zero transaction costs assumption.
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Steven Medema @spydermed.bsky.social · 16/01/2026
Geez. Now I can see why I don’t check this site very often!
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Steven Medema @spydermed.bsky.social · 01/01/2026
Um …😉
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Steven Medema @spydermed.bsky.social · 16/12/2025
For full consideration, applicants should have their completed applications in by January 2, 2026.
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Steven Medema @spydermed.bsky.social · 16/12/2025
The Center for the History of Political Economy at Duke University is now accepting applications for the 2026-27 Visiting Scholars program. For a complete description of the program and how to apply, please visit the Center website: hope.econ.duke.edu Come join us!
hope.econ.duke.edu
Front Page | Center for the History of Political Economy
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Steven Medema @spydermed.bsky.social · 07/12/2025
Thanks. It really is a great read. I still have the audio tapes (a box or cassettes). Need to digitize them one of these days.
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Steven Medema @spydermed.bsky.social · 07/12/2025
I read that story to my students every time I teach my history of economic thought course. The looks on their faces are priceless.
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Steven Medema @spydermed.bsky.social · 18/07/2025
You rang?
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Steven Medema @spydermed.bsky.social · 21/06/2025
At the risk of stating the obvious, I have no doubt that Harro would be happy to engage with you on this if you were to contact him via email. (He is not a social media guy.) And yes, it is a terrific book.
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Steven Medema @spydermed.bsky.social · 13/05/2025
That’s one of my best things!
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Steven Medema @spydermed.bsky.social · 13/05/2025
Who is Hasan Piker?
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Steven Medema @spydermed.bsky.social · 11/05/2025
No, way better. He just wrote my price controls lecture for Econ 101 next spring. Always nice to get a head start on teaching.
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Steven Medema @spydermed.bsky.social · 11/05/2025
Go easy on yourself. I threw you off your game by posting something that wasn’t about the Coase theorem.
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Steven Medema @spydermed.bsky.social · 11/05/2025
You have a gift for identifying a humorous turn of phrase.
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Steven Medema @spydermed.bsky.social · 11/05/2025
If he doesn’t, the court will provide a Heckman correction.
media.tenor.com
a man in a suit and tie says " thank you thank you "
ALT: a man in a suit and tie says " thank you thank you "
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Steven Medema @spydermed.bsky.social · 08/05/2025
I am sui generic!
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Steven Medema @spydermed.bsky.social · 08/05/2025
Who says history of economics research isn’t relevant? Humbled and honored …
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Steven Medema @spydermed.bsky.social · 03/05/2025
Smoke and the Bandit. #WatchTheClassics
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Steven Medema @spydermed.bsky.social · 07/04/2025
You need to switch to Wegmans and register for their “insider” program. You get free shit. My trade deficit with them is now down to $600 per month.
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Steven Medema @spydermed.bsky.social · 07/04/2025
Priorities FTW.
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Steven Medema @spydermed.bsky.social · 23/03/2025
Shot, chaser.
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Steven Medema @spydermed.bsky.social · 17/03/2025
If I disappear after my Econ 101 lecture on international economics in a couple of weeks, at least y’all will know what happened to me. (Upside: I avoid the three weeks of macro lectures.)
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Steven Medema @spydermed.bsky.social · 13/03/2025
Amen. Though mine is the 16th-century choral music version. Pure.
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Steven Medema @spydermed.bsky.social · 11/03/2025
The Lions sucked until Biden became President. Casual inference FTW!
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Steven Medema @spydermed.bsky.social · 11/03/2025
Another day, and more winning! Reminds me of the good ol’ days when my Detroit Lions went 0-16. Former glory is being restored!
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Steven Medema @spydermed.bsky.social · 10/03/2025
So much winning.
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Steven Medema @spydermed.bsky.social · 10/03/2025
Invest half here and the other half in crypto.
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Steven Medema @spydermed.bsky.social · 07/03/2025
🍌
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Steven Medema @spydermed.bsky.social · 04/03/2025
Fortunately, I can count on you and Andrew to represent me in court.
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Steven Medema @spydermed.bsky.social · 04/03/2025
Do exam questions that end up having students show that tariffs are 💩 count as “illegal protests”? Asking for a friend …
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Steven Medema @spydermed.bsky.social · 03/03/2025
You are just mad because you wanted them to call it “Stigler Strip” and “Friedman Fries.” (“Official Meal of the UChicago Econ Seminar Room.”)
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Reposted by Steven Medema
Morgan J Freeman @mjfree.bsky.social · 28/02/2025
I stand with Ukraine 🇺🇦 ❤️ if you do, too.
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Steven Medema @spydermed.bsky.social · 27/02/2025
Guriev: Another guy who knows stuff.
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Steven Medema @spydermed.bsky.social · 22/02/2025
Congrats, Paul! But what’s that first word in the subtitle? 😁
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Steven Medema @spydermed.bsky.social · 22/02/2025
Posted for no particular reason. 🤡
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Steven Medema @spydermed.bsky.social · 22/02/2025
I suppose it is a bad time to apply for a federal grant to support the work we are trying to stimulate on the history of blacks in American economics, eh?
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Steven Medema @spydermed.bsky.social · 22/02/2025
I mean really, Jonah. Can you think of a better reason to deny a grant application than, say, “Hey, this dude taught in the AEA Summer Program!”
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Steven Medema @spydermed.bsky.social · 22/02/2025
It’s okay. Michigan is still up 3 over MSU. Pace yourself for the second half. 🏀
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Steven Medema @spydermed.bsky.social · 19/02/2025
@gelbach.bsky.social is a fine scholar and a wonderful person. However, I simply will not stand for him insulting young ferrets in this way. Free speech rights should not extend to this sort of monstrous, slanderous sort of talk.
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