Relevant and even prescient commentary on news, politics and the economy.

Scott Sumner Goes Marxist, Proposes Targeting Labor’s Share of Income

I’m joking of course. He’s still grinding the supply-side axe (though judiciously here, IMO). But you gotta admire a fellow when he follows the logic of the data where his own logic requires him to go. He’s just done three posts about Germany’s growth and unemployment rates through the great recession: Annualized change, Q1 2006 […]

Trans-Pacific Partnership and US European Union free trade

Via Naked Capitalism comes more comment on two major global trade agreements also discussed here at Angry Bear. I keep wondering when our national conversation will get around to acknowledging ‘pro-business’ as having a second question to answer: which businesses mostly benefit and which lose out? And a third: what are the rules of free […]

The Lessons of the North Atlantic Crisis for Economic Theory and Policy

Re-thinking macro policy: Joseph Stiglits, Davis Romer, Oliver Blanchard at  Columbia University, New York, and co-host of the Conference on Rethinking Macro Policy II: First Steps and Early Lessons. The Lessons of the North Atlantic Crisis for Economic Theory and Policy Posted on May 3, 2013 by iMFdirect   http://blog-imfdirect.imf.org/ post by: Joseph E. Stiglitz In analyzing […]

The Villain of Building Energy Efficiency: Triple-Net Leases. Not Picking the Low-Hanging Fruit

An old friend dropped by recently and we had a few beers on the back deck. He runs his family’s commercial real-estate business; they own and operate half a dozen or so pretty large properties (and just bought another) — a mall, office buildings, mixed use. I was really curious to talk to him about […]

Key phrase to remember

Lifted from an article in the NYT. In the heat of media debates certain fundamental narratives get lost regarding the tools we use to evaluate policies. Pre-occupation with unemplayment is one of them. While familiar to readers of Angry Bear, it bears reminding ourselves that while ‘economics’ attempts to figure out how the economy works, […]