I don’t have my notes all together from yesterday, but Lance Mannion hits most of the second half of the day with this, this, this, and this post. Especially check out the last one. One panelist’s description yesterday of putting glasses on a child yesterday was as if it were directly out of the opening […]
Ken Houghton notes that Stanford Professor and “Taylor Rule” founder John Taylor is blogging. (No RSS or Atom feed yet.) His charts are better than this one looks, though his data is clearly GIGO. (See the link at his post.) This blog was included as one of the 100 Best Blogs for Econ Students by […]
This one’s going to be long because a lot of general themes get presented. Those looking for the shorter version may want to just go to the website and watch the videos.* William Jefferson Clinton (WJC) introduces the proceedings by giving a background on the Clinton Global Initiative (CGI). CGI began in 2005, and required […]
The one thing that got both daughters excited last night was “You’re going to see the President!” Didn’t have the heart to tell them it would probably be from a separate room. And, indeed, space upstairs maxed one. It’s 3:40; Barack H. Obama is scheduled to speak in about twenty minutes, though I might bet […]
It’s true that I have been a bit nastier than usual with some posts (especially this one and this one—though the latter was rather justified by preceding events, as Tom detailed.) The sight of economists who should know better saying “Ewww, tariffs” in the manner of second grade boys who think girls have “cooties” is […]
Via Brad DeLong, Eric Falkenstein praises Macroeconomics with faint damns: Macroeconomics is the triumph of hope over experience, and has been no more successful than sociology. Insulting our betters will not put economists in good stead. As Paul Krugman frequently notes, “Economics is…not quite as hard as sociology.”* But Falkenstein makes up for this lapse, […]
Brad DeLong finds the quote that tells you everything you need to know about the origins of the Neoconservative Movement: Among the core social scientists around The Public Interest there were no economists….The task…was to create a new majority, which evidently would mean a conservative majority, which came to mean, in turn, a Republican majority… […]
Via the must-read Susan of Texas, Ezra Klein finally comes to some of his senses: couldn’t get an answer to a very simple question: What level of spending on health care was optimal for innovation? Should we double spending? Triple it? Cut it by 10 percent? Simply give a larger portion of it to drug […]
Health Affairs tells the truth and shames…well… Unlike for-profit firms, a public plan has no incentive to cut corners and prevent providers from giving their patients quality evidence-based care, because its ultimate goal is public health, not private profit. Nor does it have any interest in sideswiping regulations and shortchanging consumers. Free market proponents argue […]
John Quiggin finally makes explicit What Everyone Knows: that the clusterfuck that has been made of Macroeconomics is due largely to an attempt to leverage (insufficiently robust) Microeconomic Theory: the search for a macroeconomic theory founded on (roughly) neoclassical micro, which has been the main direction of macro research for 40 years or so, was […]