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. […]
Category Archive for 'Economists'
Here is a very nice interview with Nobel Laureate Ken Arrow. Note that despite his famous position on the impossibility of having a true free-market in health care, he does not in any way demagogue the issue. Indeed, his humility is refreshing. Here is one clip: The truth is it’s very easy to rail against […]
In a most delightful lunch conversation with one of my most cherished colleagues today, he commented: I’m really looking forward to seeing someone write a paper about how the evolution of womens’ rights has led to the rise in obesity. That wasn’t nearly his most interesting observation.
Here is required reading for all of my Intro econ students, from my great colleague Stan Engerman: The Spread of Pro- and Anti-Capitalist Beliefs
“They” said it, not me. I have a somewhat more nuanced take, but I’m here to report the news, that’s all: Carroll, Thomas, Djeto Assane, and Jared Busker. “Why it Pays to Major in Economics.” The Journal of Economic Education 45, no. 3 (2014): 251-261. Abstract: In this article, the authors use a large, recent, and […]
Since 2006, my nominal wage has fallen by a total of 6.5% or about 0.8% per year compounded. I would note that my compensation has probably remained flat. The average price level has increased by about 18% over this time period. Therefore, my real wage today is about 25% lower than it was in 2006. Without my commentary on […]
As usual, my colleague Steve Landsburg provides spot on and clear-headed analysis of the Gruber-Gate “scandal” … here is a bit: If the voters favor a law that says all drivers must be licensed, but oppose a law that says nobody without a license is allowed to drive, then I don’t think it’s immoral to […]
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 […]
Here, without my comments.
It’s good to find evidence that you are wrong about something. As I was driving into work today, I had the experience of getting nastily cut off by a guy in a car with a Connecticut license plate. I know I was right … I was in the right lane on the I-490 just before […]