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Category Archive for 'Economics Problems'

Note that Krugman here is talking about the “textbook Eco 101” approach and not, of course, the “better” Eco 108 non text-book approach we take! In any case, he is making a point that I try to make, endlessly so – that the world is a bit more complex than Eco 101-ism suggests it is. […]

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All of these accept the premise that future damages from anthropogenic warming will be serious, i find this to be a useful discussion strategy: Climate change will cause massive heat and drought and leave people in need of food. OK, compare then, the most effective and optimistic scenarios for reducing CO2 emissions and preventing warming […]

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The reason we are talking about inequality is because we are talking about inequality. I suppose the SJW can take credit for “raising awareness:” Misperceiving Inequality by Vladimir Gimpelson, Daniel Treisman  –  #21174 (POL) Since Aristotle, a vast literature has suggested that economic inequality has important political consequences.  Higher inequality is thought to increase demand for government […]

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1. My default view of economic policy, even very effective policy, is that at best policy changes move us only a little bit of the way toward our stated goals as compared to an array of far larger and more important forces. These forces are often beyond our control, including biological ones, and include cultural […]

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Ask almost anyone to define “capitalism” to you and you will inevitably get a blank stare. If you try and push the question I suspect you’ll get people answering something like the way people are asked to identify “porn” … they can’t, but they know it when they see it. Except, of course, with capitalism, […]

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There is a non-negligible cadre of students who think that when economists teach the economics of price controls or how the problem of knowledge makes central planning doomed to fail, that it’s all just at best an interesting opinion or at worst brute political bias. I’m not here going to comment on that. I’m sure, […]

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The most regular question I get from students who actually care about their education is why we tend to see so much bad policy, particularly if it is widely understood that messing with (nonexternality) prices is such a bad idea and industrial planning is such a bad idea. I typically stumble saying something to the […]

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If the income and wealth of every single American were to double over the next decade in REAL terms, then in a decade, the amount of measured poverty would remain unchanged. You’d also very likely see no change in inequality according to the way most people talk about it, i.e. “the income share of the […]

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In my inbox this morning is this working paper: Should Hospitals Keep Their Patients Longer? The Role ofInpatient and Outpatient Care in Reducing Readmissionsby Ann P. Bartel, Carri W. Chan, Song-Hee (Hailey) Kim  –  #20499 (HC HE PE)Twenty percent of Medicare patients are readmitted to the hospital within 30 days of discharge, resulting in substantial costs […]

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In reading various papers and books that talk about biodiversity and the need to both measure and promote it (agreed!), you will encounter an idea of a thing called an “Indicator Species.” These would be species to examine, in part, to understand how healthy or threatened an ecosystem is. In various books on oceans I […]

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