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

Your inefficient grandmother was onto something

This is the third post of  a series of posts highlighting parts of the paper by David Zetland Wageningen UR – Environmental Economics and Natural Resources Group; PERC – Property and Environment Research Center Economists Owe Ecology an Apology March 9, 2013 Part 2 from the series Economists owe ecology an apology Part 3 below: […]

Demand for skills falling?

Re-posted from Economist’s View, Mark Thoma points to Arnold Kling ‘Is the Demand for Skill Falling?’ who points to this this NBER paper: Is the Demand for Skill Falling?, by Arnold Kling: Paul Beaudry, David A. Green, and Benjamin M. Sand have a paper with an intriguing abstract, which says in part, Many researchers have […]

Tuition remission…okay, now what?

Tuition is only $1747 a year.  But then comes the other part…austerity budgets and as state support dwindles, one aspect is that creative cost shifting flourishes.  The tripling of student debt since 2004 are discussed here. And graduation rates remain flat. From the chart provided at Umass Amherst bursar’s office per semester costs are shown, excluding room and […]

Big Business believes in taxpayer subsidies, not "free markets"

by Linda Beale Big Business believes in taxpayer subsidies, not “free markets” David Cay Johnston, former NY Times reporter and now Syracuse professor, writes about the thing that most journalists don’t bother to (or are told not to) write about–the way that Big Business successfully lobbies legislators and regulatory agencies to write the rules to […]

The Freedom to Diminish Other Peoples’ Freedom

by Mike Kimel The Freedom to Diminish Other Peoples’ Freedom You’ve probably heard about this study by the Mercatus Institute looking at Freedom in the 50 States. I always find these measures look at the wrong things, and that’s usually because they pick one side of an equation and ignore the rest. See, I support […]

Can you imagine Pakistan as…?

Just listen to this and while you do, knowing this was recorded in a studio in Pakistan, by Pakistani’s try to jive that with “they hate us because…” and all that comment suggests.    Dave Brubeck’s Take Five Here is the video about the orchestra. They actually work with Abbey Road Studio. 1500 concerts, 17 […]

Let’s put a sales tax on Wall Street

I learned of a petition at the presidents site, that one where anyone can start a petition and have it addressed if you reach 100,000 signatures. We the People it’s called. The petition is sponsored by United Front Against Austerity which also goes by the name Against Austerity.org  I know nothing about this organization, though […]

Sunday afternoon reading…blast from the past

I saw this as a proposal for cutting gasoline consumption: One of the easiest and most benign ways to cut energy waste and reduce the nation’s emissions of greenhouse gases is very simple, relatively painless and would actually save consumers money immediately, with no upfront costs – restore a lower national freeway speed limit of […]

The IMF and the Return of Structural Conditionality in Europe

The IMF has increased in importance over the last few years, especially in Europe.  Prof. Joyce writes on the background of its evolution. by Joseph P. Joyce  is a Professor of Economics at Wellesley College and the Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs. The IMF and the Return of Structural Conditionality […]