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Actually, "The Field" is Odds-on

…Easterlin on the list, while my pick*—William Baumol—rates as ones of the longest betting shots at Ladbrokes. *I’ve been wrong every year, so selling Baumol at 40:1 is probably a…

Remembering Black Monday

…of a market crash. I note that this basic sort of setup had been modeled in the 1950s by people like William Baumol in long forgotten papers without any fancy…

Liberalism and Growth

…the emergence of capitalism. In a recent book, The Free-Market Innovation Machine, widely respected (i.e., neither known as left nor right, just a really smart guy) economist William Baumol makes…

Piling On William Keller

William Keller who until recently was executive editor of The New York Times asserts that Venezuela is a neighbor of Peru. A screenshot and a geography lesson are after the…

Fannie and Freddie and William Black

William Black writes this post Fannie and Freddie’s Managers bought Nonprime Paper for the same Reason Merrill Did: (hat tip Rebecca) This subdivides into four arguments: the Community Reinvestment Act…

William Vickrey and Those Forecasts of a Clinton Recession

AB reader Homer Simpson recently suggested we check out We Need a Bigger Budget Deficit by William Vickrey (1914-1996). Vickrey’s writings included Agenda for Progressive Taxation (his dissertation) and Public…