I’m going to have to do a little clean-up work here (i.e., run the data in Excel instead of Stata), so I’ll ask forgiveness for the double-labels and all that.Graphic…

Reality (h/t Dr. Black): In certain ZIP codes in places like Homestead and Florida City, around 25 percent of the homes are in one stage of foreclosure or another. Countless…

Robert Waldmann My effort immediately below to explain some general equilibrium theory in English didn’t work out so well. Here I will attempt to give simple examples which show how…

Robert Waldmann I’m not kidding. Someone in some thread said that he or she thought it would be great if I could give a simple intuitive explanation of Geanakoplos and…

“Countable Infinity“ The extension of this is that I can have infinite resources, and still sleep under a bridge….

Via Mark Thoma, Uwe Reinhardt* hits one out of the park on economist’s research abilities: Evidently, in the mind of economists, Lone Ranger C.E.O.’s can make truly astronomical contributions to…

…course of action when the economic downturn appears like it will be unusually severe is to bring planned capital projects forward in time. Doing so allows them to be done…

…recent study by the Peterson Institute for International Economics that “Buy American” could cost, not save, thousands of U.S. jobs. “The American people are with us and with you on…

I was pontificating earlier today about how many of the now-unemployed Financial Services workers were, in a previous life, engineers of one stripe or another, and if we’re going to…

Robert Waldmann Wow an argument in favor of protection from Paul Krugman. I never expected to read that. Now he’s against protection all the same, but he does admit that…