Russ Roberts could at least pretend that Amity Shlaes (B.A., English Literature) had written a book related to economics, no matter how badly contrived and poorly researched it was. But what’s his excuse for this (B.A., English Literature, Penn; MBA Chicago)? Sadly, it appears he has stopped even pretending to be interested in economics, and […]
AIG is bankrupt, but Manchester United still wears their logo. However, when Dutch bank DSB Bank NV filed bankruptcy, Stephen Colbert had to step in to sponsor U.S. Speedskating? Maybe the Dutch understand Sports Economics and the Americans don’t?* *J.C. Bradbury, Dennis Coates, Skip Sauer, to name just three, would dissent from the last statement. […]
I recently mentioned D-Squared’s four-part review (evisceration?) of Freakonomics. I had forgotten he wasn’t finished. Part Five is now posted. And the conceit of the pieces—”that there is something terribly, horribly wrong with the state of modern economics”—that dates back to 2003(!) is all the more validated. John Quiggin should include all five parts as […]
The first item on Charlie Stross’s World Science Fiction Convention schedule: Thursday August 6th, 5pm (Location: P-511CF)Title: In Conversation: Paul Krugman and Charles StrossDescription: 90 minutes of Charles Stross discussing SF, economics, and other topics with Paul Krugman. [link in original] Those who might wonder why Krugman would be an appropriate guest at Anticipation (this […]
In the matter of externalities, accusing political enemies of being terrorists even after they are cleared of all wrongdoing is a feature of having economic power.* Good thing it’s not being done by a country G-Mu dislikes, or we’d hear about this at Marginal Revolution. But they’re too busy arguing that the Greenspan Commission were […]
I believe this is also how the Laffer Curve was created on Dick Cheney’s napkin: I thought about calling this “Why Tom Toles will never be hiring by the current mismanagement at Time magazine,” but that would be cruel.
Ken Houghton lowers the level of discourse at AB by discussing the career of a porn star other than Adam West. One of the primary tenets of economic theory is that corporations believe in nothing other than profits. Well, it’s not quite that stark—we use phrases such as “utility maximization,” “cost minimization,” and the like—but […]
The idea that they aren’t inviting Yves, CR, and Roubini onto the calls either led me to wonder for a moment if there was another factor in the invitations. But skipping Felix, even if he is a short-timer, means that they weren’t judging by the blog in the first place.
My Loyal Reader notes that the economic survival of Zimbabwe’s current government is now largely dependent on sin taxes: As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government […]
In Conversations with Economists (h/t Kevin Quinn at Econospeak), James Tobin refers to LBJ having made “a mistake” in “raising taxes to pay for the Viet Nam War.” Google Desktop can’t find the line of reasoning behind that in any of Tobin’s papers that have survived my migrating possibly-non-OCR PDFs over about six computers. Anyone […]