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

The Brute Economics of Slavery

Preramble: I posted this on my blog exactly a year ago today, in slightly different form.  Dan linked to it once, from here, just a few weeks before I started writing for Angry Bear.  Recent comments got me thinking about it again.   In thinking about the economics of slavery, I’m considering slavery and serfdom to […]

Brad DeLong on Economists (and non-economists)

by Linda Beale Brad DeLong on Economists (and non-economists)crossposted with Ataxingmatter In Economists (and Non-Economists) Behaving Very Badly Indeed Watch, Brad DeLong accosts the austerity bandwagon that objects to any more federal stimulus, whether from Congress or from the Fed. At the moment our flow of nominal spending at $14.7 trillion per year is some […]

From "You’ll Work for Us" to Only Short-Listed: Underappreciating Harvard

While several good people—including several of my wife’s relatives and one of our bloggers—graduated from Pravda-on-the-Chuck, I am saddened to note that their faculty’s efforts in creating the Global Financial Crisis (GFC) has been muted. Such, at least, can be fairly concluded by the nominees and final ballot for The Dynamite Prize in Economics, being […]

In Honor of the Super Bowl

Favorite papers from the 2008 AEA in New Orleans (all PDF, ungated): Emily Haisley on lottery tickets and perception. I heard about this paper before reading it. Such a simple idea, such a direct experiment. Michele Tertilt: Women’s Liberation: What’s in it for Men (with M. Doepke). The next step is to figure out why […]

In Good News, the Race to the Bottom Got Harder

Remember the argument that we shouldn’t tax people because they’ll just move elsewhere? The British government appears not to believe it. Will the Geithner/Summers axis continue lying that “we can’t do that”? Since it really is a Windfall Profit, taxing it seems a reasonable idea. And now we won’t even be able to pretend that […]

Cross-post: A human economy for the twenty-first century

Professor Keith Hart, author of the book The Memory Bank and proprietor of the blog of the same name, has graciously allowed AB to cross-post his 6,000+ word essay, A Human Economy for the Twenty-First Century. Enjoy. Our moment in history Magellan’s crew completed the first circumnavigation of the planet some thirty years after Columbus […]

Inflation and Expectations

Ken Houghton follows up on his previous post. One of the few honest statements that came out of the Reagan Administration was in late 1982, when the Volcker policies were working but the market was still spooked. “People expect that inflation will be higher than it will be.” The above compares the University of Michigan’s […]

China’s Industrial Policy vs. US Random Behavior…Firedoglake

Rdan Firedoglake presents a well written piece on US and Chinese trade policy: China’s Industrial Policy vs. US Random Behavior The U.S. China Economic and Security Review Commission has issued its annual report {giant .pdf}. Robert Borosage of the Campaign for America’s Future hosted a conference call for the Co-Chair of the Commission, Carolyn Bartholomew, […]

What it means to be a Conservative Economist Today

Bruce Bartlett posts a note that could have come from me (but, for reasons that will become obvious, did not: During the 8 Reagan years, when marginal [tax] rates were sharply cut (but deficits were substantial), equities on the NYSE and the S & P 500 about doubled. During the 4 Bush 41 years, when […]