by Joseph Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs and maintains his blog at Capital Ebbs and Flows) China’s Place in the Global Economy Last week’s announcement that China’s GDP grew at an annualized rate of 7.4% in the first […]

David Zetland at Aguanomics mentions a very local proposition by yours truly as part of a question posed on UN world water day March 22. Purely anecdotal and personal, but I found people willing to chart water use but not to go downstairs and turn off the water as a thought experiment. It was an […]

by Joseph Joyce (is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs) Capital Liberalization and Inequality Inequality, which has drawn a great deal of comment and analysis following the publication of Thomas Piketty’s Capital in the Twenty-First Century, has sometimes been seen as […]

Andrew Ross Sullivan in Dealbook points to some benefits Looking at some corporate tax loopholes ordinary citizens may envy to acknowledge tax day…not very comprehensive, but a quick read. Two are listed here: U.S. PIRG highlighted a study conducted by the Government Accountability Office in 2005 that found that of 34 settlements worth more than […]

Paul Krugman references a paper by NYU Stern School of Business Associate Professor Thomas Philippon that “puts it at several hundred billion dollars per year.”   Three Expensive MillisecondsPaul KriugmanNew York Times Op-EdApril 13, 2014 (April 14th, 2014 Edition) …Mr. Philippon starts with the familiar observation that finance has grown much faster than the economy […]

Reader Jan sends notice on the approval of the IPCC WGAR5 summary for policymakers pdf. (link fixed) Lifted from his e-mail, he muses: As for all IPCC reports, this one is a little thick, but can be parsed by the economically inclined. It is, on the one hand, lousy if unsurprising news. On the other […]