- Venezuela Is Living a Hyperinflation Nightmare By Noah Smith, Bloomberg View, December 19, 2017
- Heretics welcome! Economics needs a new Reformation By Larry Elliott, The Guardian, December 17, 2017.
- Steve Keen, who has always been good at making the conventional wisdom about the weaknesses of academic economics sound contrarian, has organized a nice stunt: Recalling Martin Luther's protest in Wittenberg 500 years ago, Keen has nailed his "33 Theses" about the parlous state of current academic economics onto a door in the London School of Economics. His "33 Theses" are here: http://www.newweather.org/wp-content/uploads/2017/12/33-Theses-for-an-Economics-Reformation.pdf.
- Interview with Anne Case By DOUGLAS CLEMENT, The Region, December 12, 2017 [Princeton economist on the cost of AIDS in South Africa, “deaths of despair” in the U.S. and women in economics.]
- The toll on I-66 hit a high of $44 this morning By Dana Hedgpeth, The Washington Post, December 14, 2017
- Stronger Labor Unions Could Do a Lot of Good By Noah Smith, BloombergView, December 6, 2017
- The Elusive Benefits of Flexible Exchange Rates By Gita Gopinath, Project Syndicate, December 4, 2017
Saturday, December 09, 2017
Notable: December 2017
Thursday, November 02, 2017
Notable: November 2017
- The Economics Data Revolution Has Growing Pains By Noah Smith, BloombergView, November 27, 2017
- ‘Only Morons Pay the Estate Tax’ By THE EDITORIAL BOARD, The New York Times, NOV. 20, 2017
- Free-Market Failure Has Been Greatly Exaggerated By Noah Smith, BloombergView, November 15, 2017
- Considering the Cost of Lower Taxes By Eduardo Porter, The New York Times, November 14, 2017
- THE DISMAL SCIENCE REMAINS DISMAL, SAY SCIENTISTS By Adam Rogers, Wired, November 14, 2017
- How to Win the Battle of the Sexes Over Pay (Hint: It Isn’t Simple.) By Claudia Goldin, The New York Times, November 10, 2017
- Traffic Is Piling Up—and So Are Its Costs By Jo Craven McGinty, The Wall Street Journal, Nov. 10, 2017
- How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) By Gabriel Zucman, The New York Times, November 10, 2017
- Don’t Nudge Me: The Limits of Behavioral Economics in Medicine By Aaron E. Carroll, The New York Times, November 6, 2017
- Eighteenth Jacques Polak Annual Research Conference The Global Financial Cycle, November 2-3, 2017 International Monetary Fund
- Six Myths About Choosing a College Major By JEFFREY J. SELINGO, The New York Times, NOV. 3, 2017
- Why 'Statistical Significance' Is Often Insignificant By Noah Smith, BloombergView, November 2, 2017
- Behavioural economics is also useful in macroeconomics By Paul De Grauwe and Yuemei Ji, VoxEU, 01 November 2017
Tuesday, October 03, 2017
Notable: October 2017
- Small farmers in Indian agriculture By Daniel Little, Understanding Society (blog), October 29, 2017
- Nudges Made British Life Better By Cass Sunstein, BloombergView, October 26, 2017
- Online schooling: Who is harmed and who is helped? By Susan M. Dynarski, Brookings: Evidence Speaks, Thursday, October 26, 2017
- THE MORNINGSTAR MIRAGE By Kirsten Grind, Tom McGinty and Sarah Krouse, The Wall Street Journal, October 26, 2017
- Doing Business in India: Myths and Realities By Matthew Lillehaugen and Milan Vaishnav, Ideas for India, October 25, 2017
- The Cookie Crumbles: A Retracted Study Points to a Larger Truth By Aaron E. Carroll, The New York Times, OCT. 23, 2017
- One last time on who benefits from corporate tax cuts By Lawrence H. Summers, The Washington Post, October 22, 2017
- Single-payer would drastically change health care in America. Here’s how it works. By Kim Soffen, The Washington Post, Oct. 17, 2017
- GST Explainer: Value Added Tax 2.0 By Aprajit Mahajan and Shekhar Mittal, Ideas for India (blog), October 18, 2017
- GST Explainer: A legal scholar’s view By Arvind P. Datar, Ideas for India (blog), October 17, 2017
- GST Explainer: A public finance expert’s view By Kavita Rao, Ideas for India (blog), October 16, 2017
- GST Explainer: Introduction By Ashok Kotwal, Ideas for India (blog), October 16, 2017
- Taylor Rule Utility Federal Reserve Bank of Atlanta, updated on October 13, 2017
- The Fed Claims to Be Independent. That’s Mostly a Myth. By SARAH BINDER and MARK SPINDEL, The New York Times, OCT. 19, 2017
- A Stock Market Panic Like 1987 Could Happen Again By Robert J. Shiller, The New York Times, October 19, 2017
- When the Revolution Came for Amy Cuddy By SUSAN DOMINUS, The New York Times Magazine, OCT. 18, 2017
- Beyond “power pose”: Using replication failures and a better understanding of data collection and analysis to do better science By Andrew Gelman,
Statistical Modeling, Causal Inference, and Social Science (blog), October 18, 2017 - Why Big Cities Thrive, and Smaller Ones Are Being Left Behind By Eduardo Porter, The New York Times, October 10, 2017
- Growth Without Industrialization? By Dani Rodrik, Project Syndicate, October 10, 2017
- Promising ideas for future research on the employment effects of minimum wages By David Neumark, VoxEU, 09 October 2017
- Thaler Changed My Life (and Everybody Else's) By Cass Sunstein, BloombergView, October 9, 2017
- THE 2017 NOBEL: RICHARD THALER By Kevin Bryan, A Fine Theorem (blog), October 9, 2017
- Richard Thaler: The 2017 Nobel Prize in Economics By Timothy Taylor, Conversable Economist (blog), October 9, 2017
- Richard Thaler, Nobel winner from Chicago, fought to get heretical economic theories published By Gregory Karp, The Chicago Tribune, April 30, 2012 [Reprinted on October 9, 2017]
- How We Think About the Deficit Is Mostly Wrong by Stephanie Kelton, The New York Times, October 5, 2017
- Interview with Ricardo Hausmann: Venezuela's Economy By Timothy Taylor, Conversable Economist (blog), October 6, 2017
- Foreign Direct Investment in the US: Size and Effects By Timothy Taylor, Conversable Economist (blog), October 5, 2017
- The Gherkin Story: For Explaining Exchange Rate Risk By Timothy Taylor, Conversable Economist (blog), October 4, 2017
- How the New Math of Gerrymandering Works By NATE COHN and QUOCTRUNG BUI, The New York Times, OCT. 3, 2017
- Some Economics of Immigration By Timothy Taylor, Conversable Economist, October 3, 2017
- Why don't tax cuts boost growth? By Dietrich Vollrath, Growth Economics (blog), October 3, 2017
- Tax Cuts, Sold as Fuel for Growth, Widen Gap Between Rich and Poor By Eduardo Porter, The New York Times, October 3, 2017
Saturday, September 02, 2017
Notable: September 2017
- Sizing Up QE Now That It's Ended By Noah Smith, BloombergView, September 25, 2017
- Review: The Scandalous Friendship That Shaped Adam Smith By JONATHAN A. KNEE, The New York Times, SEPT. 21, 2017
- Kahneman on AI versus Humans By Joshua Gans, Digitopoly, September 22, 2017
- The Coming Bear Market? By ROBERT J. SHILLER, Project Syndicate, Sep 21, 2017
- Why Workers Are Losing to Capitalists By Noah Smith, BloombergView, September 20, 2017
- Bump in U.S. Incomes Doesn’t Erase 50 Years of Pain By PATRICIA COHEN, The New York Times, SEPT. 16, 2017
- The midlife low in human beings By David Blanchflower and Andrew Oswald, VoxEU, 16 September 2017
- In a Great Recession, the case for flexible exchange rates is alive and well By Giancarlo Corsetti, Gernot Müller, and Keith Kuester, VoxEU, 16 September 2017
- Intellectual Property Laws: Wolves in Sheep’s Clothing by Brink Lindsey and Steven M. Teles, Pro-Market (blog), September 15, 2017
- China Isn’t the Only Reason to Question Free Trade By Noah Smith, BloombergView, September 13, 2017
- The Collapse of Northern Rock BBC Witness, September 12, 2017
- a16z podcast on trade By Noah Smith, Noahpinion (blog), September 10, 2017
- New Rule: Fee F**king By Real Time with Bill Maher (HBO), YouTube, September 8, 2017 [Talkin' 'bout phishing.]
- A stunning new study shows that Fox News is more powerful than we ever imagined by Dylan Matthews, Vox, September 8, 2017
- Causal Friday: The Most Depressing Instrument Ever, Fox News Edition… By Jody Beggs, Economists Do It With Models (blog), September 8, 2017
- Umbrageousness By Ferdinand Mount, London Review of Books, Vol. 39 No. 17, 7 September 2017
- Free Trade With Korea Is Great for the U.S. By Noah Smith, BloombergView, September 7, 2017
- Helping people make better financial decisions: From insight to empowerment By Romesh Vaitilingam, VoxEU, 06 September 2017
- A new paradigm for the introductory course in economics By Samuel Bowles and Wendy Carlin, VoxEU, 07 September 2017
- The Limited Exposure of the US Economy to Trade By Timothy Taylor, Conversable Economist, September 7, 2017
- To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now By Neil Irwin, The New York Times, September 3, 2017
- As Workers Expect Less, Job Satisfaction Rises By Lauren Weber, The Wall Street Journal, September 1, 2017
- Then and Now: The Big Shift at Work By Lauren Weber and Stephanie Stamm, The Wall Street Journal, September 2, 2017
Sunday, August 06, 2017
Notable: August 2017
- Partition: Borders of Blood By Steve Chao, Al Jazeera, August 17, 2017
- Gains from trade: evidence from nineteenth century Japan By Daniel M. Bernhofen and John C. Brown, Microeconomic Insights (blog), August 30, 2017
- The Fed's Foray Into Forex By Tim Sablik, Econ Focus, federal Reserve Bank of Richmond, Second Quarter, 2017
- Workers Save More for Retirement When Employers Tell Them to, Study Says The Wall Street Journal, August 29, 2017
- The financial crisis, ten years on By Stephen Cecchetti and Kim Schoenholtz, VoxEU, 29 August 2017
- How Wall Street Gets Rich Off Savers By Noah Smith, BloombergView, August 24, 2017
- The long-term benefits of quality early childcare for disadvantaged mothers and their children By Jorge Luis García, James Heckman, Duncan Ermini Leaf, and María Prados, VoxEU, 25 August 2017
- Learning from Thirty Years of Experience with Cap-and-Trade Systems By Robert Stavins, An Economic View of the Environment, August 25, 2017
- How Colleges Are Strangling Liberalism By Mark Lilla, The Chronicle of Higher Education, AUGUST 20, 2017
- What are economists for? By Christopher Snyder, LSE Business Review, August 18, 2017
- The Scotsmen Who Invented Modernity By Jacob Heilbrunn, The National Interest, August 17, 2017
- The Endowment Effect By Alex Tabarrok, Marginal Revolution (blog), August 24, 2017
- Reflections on Galbraith’s New Industrial State, 50 years later By Joshua Gans, Digitopoly (blog), August 22, 2017
- Bloomberg QuickTake: Universal Basic Income By Paula Dwyer, Bloomberg View, August 22, 2017
- Blockchain: New Frontiers By Timothy Taylor, Conversable Economist (blog), August 18, 2017
- Neoliberalism: the idea that swallowed the world By Stephen Metcalf, The Guardian, August 18, 2017
- "Theory vs. Data" in statistics too By Noah Smith, Noahpinion (blog), August 17, 2017
- The 2008 Financial Crisis: How It All Began The Wall Street Journal, August 17, 2017. [A video explaining how developments at an obscure French bank in August 2007 sowed the seeds of the 2008 financial crisis.]
- The Jobs Most Segregated by Gender and Race By Justin Fox, BloombergView, August 16, 2017
- Old Ideas About Foreign Trade Are Being Retired By Noah Smith, BloombergView (blog), August 15, 2017
- THE BEHAVIOURAL ECONOMICS PARADOX Stumbling and Mumbling (blog), August 15, 2017
- The global financial cycle: Closer to an anticlimax than a juggernaut By Andrew Rose, VoxEU, 14 August 2017
- What economists study: A guide for the curious By Christopher Snyder, VoxEU, 12 August 2017
- The whys of increasing inequality: A graphical portrait By Jared Bernstein and Ben Spielberg, The Washington Post, August 14, 2017
- Straw men in the debate on basic income versus targeting By Martin Ravallion, Ideas for India (blog), August 11, 2017
- Governance and public service delivery in India By Farzana Afridi and Nalini Gulati, Ideas for India (blog), August 7, 2017
- Trilemma redux: New evidence from emerging market economies By Maurice Obstfeld, Jonathan D. Ostry, and Mahvash S. Qureshi, VoxEU, 11 August 2017
- The transmission of global financial shocks to domestic financial and macro-economic conditions, as well as to capital flows, is magnified under fixed exchange rate regimes relative to more flexible regimes.
- Healthier Workers Are More Productive, Study Finds By Lauren Weber, The Wall Street Journal, Aug. 8, 2017
- What Econ 101 Can Teach Us About Artificial Intelligence By Greg Ip, The Wall Street Journal, Aug. 9, 2017
- Who Ultimately Pays for Corporate Taxes? The Answer May Color the Republican Overhaul By Richard Rubin, The Wall Street Journal, Aug. 8, 2017
- Looking Back: The Financial Crisis Began 10 Years Ago This Week By Stephen Cecchetti and Kermit Schoenholtz, Money and Banking (blog), August 7, 2017
- Google Fires Engineer Who Wrote Memo Questioning Women in Tech By DAISUKE WAKABAYASHI, The New York Times, AUG. 7, 2017 [The memo is available at https://assets.documentcloud.org/documents/3914586/Googles-Ideological-Echo-Chamber.pdf]
- Six big ideas: Gary Becker’s concept of human capital The Economist, August 3, 2017
Monday, July 03, 2017
Notable: July 2017
- From Soviets to Oligarchs: Inequality and Property in Russia 1905-2016 By Filip Novokmet, Thomas Piketty, and Gabriel Zucman, Working Paper, July 29, 2017
- Did This Game Theory Expert Plot the Perfect Murder? By Steve Volk, Philadelphia Magazine, July 29, 2017
- Is the world really better than ever? By Oliver Burkeman, The Guardian, July 28, 2017
- Coase’s theory of the firm By The Economist, July 27, 2017
- Slaves of Isis: the long walk of the Yazidi women By Cathy Oten, The Guardian, July 25, 2017
- How does the US healthcare system compare with other countries? By Josh Holder, Paul Torpey and Feilding Cage, The Guardian, July 25, 2017
- Minimum Wage and Job Loss: One Alarming Seattle Study Is Not the Last Word By Arindrajit Dube, The New York Times, JULY 20, 2017
- A despot in disguise: one man’s mission to rip up democracy By George Monbiot, The Guardian, July 19, 2017
- A New History of the Right Has Become an Intellectual Flashpoint By Marc Parry, The Chronicle of Higher Education, JULY 19, 2017 [On "Democracy in Chains" by Nancy MacLean.]
- HOW TO THINK LIKE AN ECONOMIST (IF, THAT IS, YOU WISH TO...) By J. Bradford DeLong, Grasping Reality with All Tentacles: bradford-delong.com (blog), July 15, 2017
- The Pricing Answer to Traffic Congestion By Timothy Taylor, The Conversable Economist, July 17, 2017
- Mirror, Mirror 2017: International Comparison Reflects Flaws and Opportunities for Better U.S. Health Care The Commonwealth Fund, July 14, 2017
- IF BORDERS WERE OPEN: THE $78 TRILLION FREE LUNCH, The Economist, July 6, 2017
- How the middle class hoards wealth and opportunity for itself By Richard Reeves, The Guardian, July 15, 2017
- Making it count: Incentives, effort, and performance in higher education By Arnaud Chevalier, Peter Dolton, and Melanie Lührmann, VoxEU, 15 July 2017
- So Many Critics of Economics Miss What It Gets Right By Noah Smith, BloombergView, July 14, 2017
- Globalisation: the rise and fall of an idea that swept the world By Nikil Saval, The Guardian, July 14, 2017
- How economics became a religion By John Rapley, The Guardian, July 11, 2017
- Formerly True Theories By Paul Krugman, The Conscience of a Liberal (blog), The New York Times, July 10, 2017
- Why doesn’t anybody know if Swachh Bharat Mission is succeeding? By Diane Coffey and Dean Spears, Ideas for India, July 10, 2017
- Why Single-Payer Health Care Saves Money By ROBERT H. FRANK, The New York Times, JULY 7, 2017
- Assessing the riskiness of capital inflows based on lender and currency By Glenn Hoggarth, Carsten Jung, and Dennis Reinhardt, VoxEU, 7 July 2017
- A review of labor market conditions The FRED Blog, July 6, 2017
- Institutions and culture co-evolve: Why the quest for the origin of prosperity is so elusive By Alberto Bisin and Thierry Verdier, VoxEU, 4 July 2017
- Masters of Money: Karl Marx, By Stephanie Flanders, BBC, January 30, 2016. [Stephanie Flanders examines one of the most revolutionary and controversial thinkers of all. Karl Marx's ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right.]
- Masters Of Money: Friedrich Hayek, By Stephanie Flanders, BBC, Aug 29, 2016. [Friedrich Hayek CH (8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. A. Hayek, was an Austrian and British economist and philosopher best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena.]
- Masters Of Money: John Maynard Keynes, By Stephanie Flanders, BBC, Mar 4, 2015. [John Maynard Keynes (John Maynard Keynes, 1883-1946), one of the most influential modern Western economics economist, founded macroeconomics and Freud's psychoanalysis, created by law and love Einstein discovered the theory of relativity, together known as the three revolutions of the twentieth.]
Friday, June 02, 2017
Notable: June 2017
- “THE DEVELOPMENT EFFECTS OF THE EXTRACTIVE COLONIAL ECONOMY,” M. DELL & B. OLKEN (2017) By Kevin Bryan, A Fine Theorem (blog), June 22, 2017
- W. Arthur Lewis and the tradeoffs of economics and economists By Ravi Kanbur, VoxEU, June 25, 2017
- Why I left physics for economics By Arthur Turrell, The Guardian, 22 June 2017
- Unions in Decline: Some International Comparisons By Timothy Taylor, The Conversable Economist (blog), June 20, 2017
- “The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy” By David Yermack, Pro Market (blog), June 19, 2017
- The border adjustment tax By Mary Amiti, Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki, VoxEU, 19 June 2017
- An Update on Foreign Direct Investment By Timothy Taylor, The Conversable Economist (blog), June 16, 2017
- When Currencies Fall, Export Growth Is Supposed to Follow—Until Now By Christopher Whittall and Mike Bird, The Wall Street Journal, June 11, 2017
- The Amazing Arab Scholar Who Beat Adam Smith by Half a Millennium By Dániel Oláh, Evonomics (blog), June 11, 2017
- A manifesto for economic research in Europe By Marc Ivaldi, VoxEU, June 8, 2017
- A primer on Dodd-Frank’s Orderly Liquidation Authority By Aaron Klein, Up Front (blog), Brookings Institution, June 5, 2017
- Labor's Declining Share: A Primer By Stephen Cecchetti and Kermit Schoenholtz, Money and Banking (blog), June 5, 2017
- A Tax Cut Might Be Nice. But Remember the Deficit. By N. Gregory Mankiw, The New York Times, June 2, 2017
- Interview with Hilary Hoynes By DOUGLAS CLEMENT, The Region, June 1, 2017
- Most of India’s state-owned firms are ripe for sale or closure, The Economist, June 1, 2017
Thursday, May 04, 2017
Notable: May 2017
- Estimates of Fundamental Equilibrium Exchange Rates, May 2017 By William R. Cline (PIIE), Policy Brief 17-19, May 2017
- Economist Tyler Cowen says Americans have lost their drive, By Christopher Booker and Connie Kargbo, PBS NewsHour, May 27, 2017
- An investigation of the root causes of the Greek crisis By Paul-Adrien Hyppolite, VoxEU, 28 May 2017
- Economic ideas you should forget By Bruno Frey and David Iselin, VoxEU, May 27, 2017
- The Phillips Curve: A Primer By Stephen Cecchetti and Kermit Scoenholtz, Money and Banking (blog), May 29, 2017
- Air rage: why does flying make us so angry? Science says it's about class By Maia Szalavitz, The Guardian, May 25, 2017
- Behavioural economics: What we know and how it could be mainstreamed By Beryl Chang and Fabrizio Ghisellini, VoxEU, 21 May 2017
- Behavioural economics has identified phenomena that standard models could not explain. But its critics warn that it is becoming little more than a ‘pile of quirks’. This column argues that the future development of behavioural economics should focus on a streamlining process that will clarify core issues, fill conceptual gaps, and create tractable models. Behavioural models will only become a coherent alternative to homo economicus if this process occurs.
- The Supreme Court’s big ruling on ‘patent trolls’ will rock businesses everywhere By Brian Fung, The Washington Post, May 23, 2017
- Economists See Little Magic in Tax Cuts to Promote Growth By PATRICIA COHEN and NELSON D. SCHWARTZ, The New York Times, MAY 23, 2017
- Adding a piece to the productivity puzzle: Management practices By Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta Eksten, and John Van Reenen, VoxEU, 17 May 2017
- Management practices are just as important for productivity as a number of other factors associated with successful businesses, such as technology adoption.
- A Smarter Way to Clean Your Home By Jolie Kerr, The New York Times, May 19, 2017
- Medicaid Works, in 5 Charts By Hannah Katch, Off the Charts (blog), Cebter for Budget and Policy Priorities, May 12, 2017
- THE PAINFUL TRUTH ABOUT TEETH By Mary Jordan and Kevin Sullivan, The Washington Post, May 13, 2017
- Behind China’s $1 Trillion Plan to Shake Up the Economic Order By JANE PERLEZ and YUFAN HUANG, The New York Times, MAY 13, 2017
- How Homeownership Became the Engine of American Inequality By Matthew Desmond, The New York Times Magazine, May 9, 2017 [An enormous entitlement in the tax code props
up home prices — and overwhelmingly benefits the wealthy and the upper middle class.] - Outclassed: how your neighbor’s income might affect your happiness By Alissa Quart, The Guardian, May 11, 2017
- Ivory Tower Wonks Help Traders Make a Quick Buck By Noah Smith, BloombergView, May 11, 2017 [Profit opportunities exist until researchers publish findings on market inefficiencies. Then they disappear.]
- Making everyone count: A clock to track world poverty in real time By Homi Kharas and Wolfgang Fengler, Future Development (blog), Brookings, Wednesday, May 10, 2017
- Where will your degree take you? Career paths after college By Anna Rotrosen, Diane Whitmore Schanzenbach, Ryan Nunn, and Greg Nantz, Up Front (blog), Brookings, Thursday, May 11, 2017
- Study of the Week: Rebutting Academically Adrift with Its Own Mechanism By Fredrik deBoer, the ANOVA (blog), May 11, 2017
- Countries with Higher Tariffs Have Larger Trade Deficits By Caroline Freund (PIIE) and Melina Kolb (PIIE), PIIE Charts, May 8, 2017
- Special Report: Ten Years On By Patrick Lane, The Economist, May 6, 2017
- A decade after the crisis, how are the world’s banks doing? [Though the effects of the financial crisis in 2007-08 are still reverberating, banks are learning to live with their new environment. But are they really safer now?]
- How the 2007-08 crisis unfolded [A brief history.]
- American banks have recovered well; many European ones much less so [Most European banks were slow off the mark after the crisis]
- American banks think they are over-regulated [Time to loosen the reins, say America’s banks. Not so fast, say regulators]
- Basel 3, an international capital-adequacy standard, is unloved but much needed [International bank regulation is grinding towards completion—or possibly to a halt]
- Financial technology is proving less of a battleground than feared [The relationship between banks and technology companies is becoming increasingly collaborative]
- Banks are finding it harder to attract young recruits [Millennials are getting pickier]
- Another crisis one day cannot be ruled out [But recent changes have have it less likely]
- The fading American Dream: Trends in absolute income mobility since 1940 By Raj Chetty, David Grusky, Maximilian Hell, Nathaniel Hendren, Robert Manduca, Jimmy Narang, VoxEU, May 5, 2017
- Straw men in the debate on basic income versus targeting By Martin Ravallion, VoxEU, May 5, 2017 [A universal basic income as a poverty-reduction policy is often contrasted unfavourably with targeted transfers. This column argues that five of the common arguments employed against basic income are really straw men that overstate the relative effectiveness of targeted transfers. While a universal basic income is not yet feasible in many countries, more universality and less fine targeting would create better social policies.]
- WILLIAM BAUMOL: TRULY PRODUCTIVE ENTREPRENEURSHIP By Kevin Bryan, A Fine Theorem (blog), May 5, 2017
- William Baumol, economist who found logic in rising health-care prices, dies at 95 By Emily Langer, The Washington Post, May 5, 2017
- William Baumol, whose famous economic theory explains the modern world, has died by Timothy B. Lee, Vox, May 4, 2017
- China Wants Fish, So Africa Goes Hungry By The Editorial Board, The New York Times, May 3, 2017
- Companies Compete but Won’t Let Their Workers Do the Same, By Orly Lobel, The New York Times, May 4, 2017
Sunday, April 02, 2017
Notable: April 2017
- February’s Book Club Pick: ‘Killers of the Flower Moon,’ by David Grann By Dave Eggers, The New York Times, April 28, 2017
- A progressive VAT By John Cochrane, The Grumpy Economist (blog), April 26, 2017
- Some Myths About Interest on Reserves By Josh Hendrickson, The Everyday Economist (blog), April 25, 2017
- We Know What Causes Trade Deficits By Joseph E. Gagnon, Trade and Investment Policy Watch, Peterson Institute for International Economics, April 7, 2017
- Theory and evidence for the last two decades of tariff reductions By Lorenzo Caliendo, Robert Feenstra, John Romalis, Alan Taylor, VoxEU, 26 April 2017
- Minimum wages and the distribution of family incomes in the United States By Arindrajit Dube, Washington Center for Equitable Growth, April 26, 2017
- How Best to Tax Business By N. GREGORY MANKIW, The New York Times, APRIL 21, 2017
- The impact of immigration barriers on native workers: Evidence from the US exclusion of Mexican braceros By Michael Clemens, Ethan Lewis, Hannah Postel, VoxEU, 19 April 2017
- Ricardo and comparative advantage at 200 By Douglas Irwin, VoxEU, 19 April 2017
- Toward a New Economy: Introduction By Mark Levinson and Timothy Shenk, Dissent, Spring 2017
- “The Sense That the System Is Rigged Relates to Governments’ Failure to Address Inequality and Concentration” ProMarket (blog), April 15, 2017 [Interview of Anat Admati]
- A Twisted Tale of Rent Control in the Maximum City By Alex Tabarrok, Marginal Revolution (blog), April 17, 2017
- Supply-Side Economics, but for Liberals By NEIL IRWIN, The New York Times, APRIL 15, 2017
- Understanding inflation in India By Laurence Ball, Anusha Chari, Prachi Mishra, VoxEU, 14 April 2017
- Economists are arguing over how their profession messed up during the Great Recession. This is what happened. By Henry Farrell, The Washington Post, April 12, 2017
- How Behavioral Economics Can Produce Better Health Care By Dhruv Khullar, The New York Times, APRIL 13, 2017
- Why flying in America keeps getting more miserable, explained by Matthew Yglesias, Vox, April 12, 2017
- Austerity in the aftermath of the Great Recession By Christopher House, Christian Proebsting, Linda Tesar, VoxEU, 11 April 2017
- How big a problem is the zero lower bound on interest rates? By Ben Bernanke, April 12, 2017
- Keynesian Economics Is Hot Again By Noah Smith, BloombergView, April 10, 2017
- A Quick Theory of the Industrial Revolution (or, at least, an answer to 'Why Europe?') By Douglas L. Campbell, April 11, 2017
- Financial Crises and the Desirability of Macroprudential Policy By Ozge Akinci and Albert Queralto, Liberty Street Economics (blog), April 10, 2017
- Why India Is Ready for a Universal Basic Income By Shamika Ravi, Foreign Affairs, April 6, 2017
- The everyday economics we rarely hear about could have a hugely positive impact on society By Hamish McRae, The Independent, April 8, 2017
- On the Need for (At Least) Five Classes of Macro Models By Olivier Blanchard, Realtime Economic Issues Watch (blog), April 10, 2017
- Interview with Angus Deaton on Death Rates, Inequality, and More By Timothy Taylor, The Conversable Economist, April 8, 2017
- Principles for Financial Regulatory Reform By William C. Dudley, President and Chief Executive Officer, New York Fed, April 7, 2017
- Six Patterns Behind the US Productivity Slowdown By Timothy Taylor, The Conversable Economist, April 7, 2017
- Kenneth Arrow and the golden age of economic theory By Steven Durlauf, VoxEU, 8 April 2017
- Why an Open Market Won’t Repair American Health Care By JACOB S. HACKER, The New York Times Book Review, APRIL 4, 2017 [Review of AN AMERICAN SICKNESS: How Healthcare Became Big Business and How You Can Take It Back By Elisabeth Rosenthal]
- The Utter Uselessness of Job Interviews By JASON DANA, The New York Times, APRIL 8, 2017
- The Professor and the Jihadi By ROBERT F. WORTH, The New York Times Magazine, APRIL 5, 2017 [When a terrorist made a death threat against Gilles Kepel, France’s most famous scholar of Islam, it deepened his embroilment in a national debate over Muslim assimilation and extremism.]
- The Economy May Be Stuck in a Near-Zero World By JUSTIN WOLFERS, The New York Times, APRIL 7, 2017
- Ayaan Hirsi Ali, Islam’s Most Eloquent Apostate By TUNKU VARADARAJAN, The Wall Street Journal, April 7, 2017
- Offshore Money, Bane of Democracy By OLIVER BULLOUGH, The New York Times, APRIL 7, 2017
- Do Tax Cuts Really Spur Growth? It Depends on the Details. By NEIL IRWIN, The New York Times, APRIL 5, 2017
- Wisdom gleaned from data and behavioral economics By Dylan Walsh, MIT News, April 3, 2017
- How Uber Uses Psychological Tricks to Push Its Drivers’ Buttons By NOAM SCHEIBER and graphics by JON HUANG, The New York Times, APRIL 2, 2017 [The company has undertaken an extraordinary experiment in behavioral science to subtly entice an independent work force to maximize its growth.]
Wednesday, March 01, 2017
Notable: March 2017
- Why Does India Have So Few Tourists? By Alex Tabarrok, Marginal Revolution (blog), March 30, 2017
- Those Indecipherable Medical Bills? They’re One Reason Health Care Costs So Much BY ELISABETH ROSENTHAL, The New York Times Magazine, MARCH 29, 2017
- A Visit to the Lasalgaon Onion Market By Alex Tabarrok, Marginal Revolution (blog), March 29, 2017
- How the Federal Reserve controls interest rates By James Hamilton, Econbrowser (blog), March 27, 2017
- Economic shocks are more likely to be lethal in America The Economist, March 25, 2017
- Capitalism Will Shrink Inequality. In Fact, It's Happening. By Noah Smith, Bloomberg View, March 23, 2017
- Hey, Look! Federal Bureaucrats Are Backing Off By Noah Smith, Bloomberg View, March 22, 2017 [On a relaxation of IRB rules for social scientists who do experiments.]
- Has intergenerational mobility finally been shown to have declined? By Tyler Cowen, Marginal Revolution, March 23, 2017
- India: What's Needed for Sustained Growth? By Timothy Taylor, The Conversable Economist, March 22, 2017
- The natural rate of interest: estimates for the euro area By Adrian Penalver, Eco Notepad, March 23, 2017
- The US Civil War, Globalization and the City of Bombay By Alex Tabarrok, Marginal Revolution (blog), March 20, 2017
- How to Give a Cool Appraisal to Hot Economics Studies By Noah Smith, Bloomberg View, March 21, 2017
- The art of the deal: what can Nobel-winning contract theory teach us about regulating banks? By Caterina Lepore, Caspar Siegert, Quynh-Anh Vo, Bank Underground (blog), March 22, 2017
- The Fake Freedom of American Health Care By ANU PARTANEN, The New York Times, MARCH 18, 2017
- The Lessons of Obamacare by Sarah Kliff and Ezra Klein, Vox, March 15, 2017
- The CBO's other bombshell: the Affordable Care Act isn't imploding by Matthew Yglesias, Vox, March 14, 2017
- India is a much more Entrepreneurial Society than the United States (and that’s a problem) By Alex Tabarrok, Marginal Revolution (blog), March 9, 2017
- Who Pays for Border Adjustment? Sooner or Later, Americans Do By Olivier Blanchard and Jason Furman, TRADE & INVESTMENT POLICY WATCH (blog), March 8, 2017
March 8, 2017 - Why economists can’t forecast By Robert J. Samuelson, The Washington Post, March 8, 2017
- ‘Superstar Firms’ May Have Shrunk Workers’ Share of Income By PATRICIA COHEN, The New York Times, MARCH 8, 2017
- The Case for a Border-Adjusted Tax By ALAN AUERBACH and MICHAEL DEVEREUX, The New York Times, MARCH 6, 2017
- Why are so many American men not working? By Alison Burke, Brookings Now (blog), March 6, 2017
- GDP-linked bonds: A primer By Stephen Cecchetti, Kim Schoenholtz, VoxEU, 01 March 2017
Thursday, February 02, 2017
Notable: February 2017
- Akshardham Temple by Alex Tabarrok, Marginal revolution (blog), February 28, 2017
- Inequality and economics: Tony Atkinson’s enduring lessons By Andrea Brandolini, VoxEU, 27 February 2017
- The Immigration Debate We Need By GEORGE BORJAS, The New York Times, FEB. 27, 2017
- KENNETH ARROW PART II: THE THEORY OF GENERAL EQUILIBRIUM By Kevin Bryan, A Fine Theorem (blog), February 27, 2017
- Dealing with Sovereign Debt—The IMF Perspective By Sean Hagan, Maurice Obstfeld, and Poul M. Thomsen, IMFdirect (blog), February 23, 2017
- The IMF’s Work on Inequality: Bridging Research and Reality By Prakash Loungani and Jonathan D. Ostry, IMFdirect (blog), February 22, 2017
- Kenneth Arrow, Nobel-Winning Economist Whose Influence Spanned Decades, Dies at 95 By MICHAEL M. WEINSTEIN, The New York Times, FEB. 21, 2017
- MISSING MARKETS By Chris Dillow, Stumbling and Mumbling (blog), February 22, 2017
- THE GREATEST LIVING ECONOMIST HAS PASSED AWAY: NOTES ON KENNETH ARROW PART I By Kevin Bryan, A Fine Theorem (blog), February 22, 2017
- HOWARD SCHAFFER REMEMBERS JOHN KENNETH GALBRAITH By Howard B. Schaffer, South Asia Hand, February 16, 2017
- Greeks Turn to the Black Market as Another Bailout Showdown Looms By LIZ ALDERMAN, The New York Times, FEB. 18, 2017
- The Economy Is Free in Hong Kong. Running a Food Truck Isn’t (See Annex C). By MICHAEL FORSYTHE, The New York Times, FEB. 18, 2017
- Hong Kong has an exalted place as an exemplar of a free-market economy in the minds of libertarians. This entertaining report shows that behind the scenes there is a great deal of "socialist" micro-planning going on.
- A Push for Diesel Leaves London Gasping Amid Record Pollution By KIMIKO de FREYTAS-TAMURA, The New York Times, FEB. 17, 2017
- Market Failure Looks Like the Culprit in Rising Costs By Noah Smith, BloombergView, February 16, 2017
- Monopolies Are Worse Than We Thought By Noah Smith, BloombergView, February 15, 2017
- Make Big Banks Put 20% Down—Just Like Home Buyers Do By NEEL KASHKARI, The Wall Street Journal, Feb. 14, 2017
- Low real interest rates: depression economics, not secular trends By Gene Kindberg-Hanlon, Bank Underground (blog), February 16, 2017
- Can Immigration Hurt the Economy? An Old Prejudice Returns By Eduardo Porter, The New York Times, FEB. 14, 2017
- Barriers to the spread of prosperity By Enrico Spolaore and Romain Wacziarg, VoxEU,
10 February 2017 - Feeling ‘Pressure All the Time’ on Europe’s Treadmill of Temporary Work By LIZ ALDERMAN, The New York Times, FEB. 9, 2017
- Very good illustration of the consequences of Europe's job protection regulations. "Under European labor laws, permanent workers are usually more difficult to lay off and require more costly benefit packages, making temporary contracts appealing for all manner of industries, from low-wage warehouse workers to professional white-collar jobs." These laws protect workers from mistreatment by their employers. But they also make employers reluctant to hire workers on a permanent basis. This ends up creating a class divide within the working class between a pampered class of permanent workers and a harried class of temporary workers. This inequity is quantitatively significant: "more than half of all new jobs created in the European Union since 2010 have been through temporary contracts".
- A Tax Overhaul Would Be Great in Theory. Here’s Why It’s So Hard in Practice. By NEIL IRWIN, The New York Times, FEB. 10, 2017
- Why Falling Home Prices Could Be a Good Thing By Conor Dougherty, The New York Times, FEB. 10, 2017
- The Major Blind Spots in Macroeconomics By JOHN LANCHESTER, The New York Times Magazine, FEB. 7, 2017
- Why the falling cost of light matters By By Tim Harford, BBC World Service, 50 Things That Made the Modern Economy, 6 February 2017
- The European origins of economic development By William Easterly and Ross Levine, VoxEu, February 3, 2017
- Innovation and inventors during the rise of American ingenuity By Ufuk Akcigit, John Grigsby, Tom Nicholas, VoxEu, February 2, 2017
- The persistence of technological creativity and the Great Enrichment: Reflections on the 'Rise of Europe' By Joel Mokyr, VoxEu, February 2, 2017
- Environmental economic history By James Fenske and Namrata Kala, VoxEu, February 1, 2017
Monday, January 02, 2017
Notable: January 2017
- A Bitter Ending Daniel Kahneman, Amos Tversky, and the limits of collaboration By Michael Lewis, Chronicle of Higher Education, January 29, 2017
- Keynesian Economics Without the Consumption Function By Roger Farmer,
ROGER FARMER'S ECONOMIC WINDOW (blog), January 28, 2017 - A Better Approach to Violent Crime By JOHN PFAFF, The Wall Street Journal, Jan. 27, 2017
- Why Succeeding Against the Odds Can Make You Sick By JAMES HAMBLIN, The New York Times, JAN. 27, 2017
- Decoding universal basic income for India By Jean Drèze, Ideas for India, January 20, 2017
- Rural electrification in India: Focus on service quality By Karthik Ganesan , Abhishek Jain , Johannes Urpelainen, Ideas for India, January 18, 2017
- Historian’s Latest Book on Mao Turns Acclaim in China to Censure By CHRIS BUCKLEY, The New York Times, JAN. 21, 2017
- The American Debt Trap By Noah Smith, BloombergView, January 20, 2017
- Speaking Truth to Trump on Immigration By Nicholas Kristof, The New York Times, JAN. 18, 2017
- Cracks in the anti-behavioral dam? by Noah Smith, Noahpinion (blog), January 15, 2017
- Jhumpa Lahiri on writing, translation, and crossing between cultures, Conversations with Tyler (podcast), interview by Tyler Cowen, January 11, 2017
- WID.world: new data series on inequality and the collapse of bottom incomes By Thomas Piketty, Le Blog de Thomas Piketty, Le Monde, January 11, 2017
- An Economist’s Case for Open Borders By Atossa Araxia Abrahamian, Dissent, Winter 2017
- Milton Friedman's Cherished Theory Is Laid to Rest By Noah Smith, BloombergView, January 12, 2017
- The Fed and fiscal policy By Ben Bernanke, Brookings, January 13, 2017
- Robots Will Take Jobs, but Not as Fast as Some Fear, New Report Says By STEVE LOHR, The New York Times, JAN. 12, 2017
- Why Trump’s Obamacare Promise Will Be So Hard to Keep By Margot Sanger-Katz, The New York Times, JAN. 11, 2017
- Higher Minimum Wage May Have Losers By NOAM SCHEIBER, The New York Times, JAN. 10, 2017
- The Hutchins Center Explains: Public investment By Anna Malinovskaya and David Wessel, Up Front (blog), January 3, 2017
- Harvard’s George J. Borjas By ROBERT VERBRUGGEN, The American Conservative, January 2, 2017
- The whole philosophy community is mourning Derek Parfit. Here's why he mattered. by Dylan Matthews, Vox, Jan 3, 2017
- Anthony B. Atkinson, Economist Who Pioneered Study of Inequality, Dies at 72 By SEWELL CHAN, The New York Times, JAN. 3, 2017
- The Rules of the Game: A New Electoral System By Eric Maskin and Amartya Sen, The New York Review of Books, JANUARY 19, 2017
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