Tyler over at Marginal Revolution finds that about 20 states require some teaching of economics in high school. Implicit in the post is that requiring economics is a good thing. And why not? After all, the state of economic literacy in America is strikingly low, even among people who have taken some economics, and teaching […]
Category Archive for 'Economists'
You want to get depressed? (1) See how the “Food Babe” is abusing the FOIA to smear, antagonize and intimidate Dr. Kevin Folta of the University of Florida’s Horticulture Department. (2) See the latest in the Krugman Chronicles. Classy world we live in. Did anyone ever learn manners?
As with all of Bob Frank’s books, I highly recommend you read his Success and Luck: Good Fortune and the Myth of Meritocracy. Bob taught me in grad school. I model some of my teaching after his. Nonetheless I part ways with him from time to time. But even though there are indeed bridges to nowhere and […]
I cannot recommend more highly George Stigler’s old autobiography, Memoirs of an Unregulated Economist. You will find him to be far more thoughtful, humble, generous and circumspect than any crude caricature you will ever see of him. Reading these sorts of books makes me sad for what has happened to education on two levels. First, he […]
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. […]
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 […]