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

Harvard surveyed their Alumni and guess what they found?

So some econ out of Harvard is shocked about what he found regarding our economy.  It’s a government problem.  The government is just not responding (read that: not doing anything). Americans no longer trust their political leaders, and political polarization has increased dramatically. Americans are increasingly frustrated with the U.S. political system. The political system […]

When I Steal A Blog Post, I Leave A Link

I wanted to look at the WSJ job database, suspecting what I might find, but currently lack the bandwidth in a major way. Fortunately, Noah took some (more) time from his thesis (“distraction from productive activity”) and did the dirty work. Apparently, being a STEM undergraduate isn’t the path to Nirvana:* I went through the […]

Dave Dayen Is Wrong

And not in a good way, when he says: I understand that Republicans are just playing the culture war game here, trying to link Warren and the loony left. I don’t know how that will play in, er, Massachusetts. And the world has moved on from the Hard Hat riots and the 1972 campaign. The […]

The Cost of Labor

The standard model of Economic Development is Romer’s (1989, JPE 1990) adaptation* of Solow’s (1956, 1957) Model.  Basically, became Y = AKα(HL)(1-α) where the H stands for “human capital,” which multiplies the ability of labor. (Think high-skills labor—construction work, plumbing, teaching—where the worker continually “learns by doing” [op cit., Arrow, 1962]. The additional “human capital” […]

A Caesura in Canadian Opposition

[Expletive Deleted]. It will be interesting to see whether the Libya of Brad DeLong and Juan Cole’s beliefs produces a respectable opposition leader—one of the surer signs of rule by the people—before Canada does.* UPDATE: Via Amy Wilkins Twitter feed, Layton’s final words. Can anyone imagine the 2011 Obama** being able to say this: You […]

It’s Not that the White House Lies Even to Itself…

It’s that they are so bad at it. At least they made clear that Glenn Greenwald was correct when he said the deal is exactly what Obama wanted: Fact: President Obama laid out key priorities that had to be part of any deal. Those priorities are reflected in this compromise.…the initial down payment on deficit […]

It Takes a Village: Scarcity, the NCAAs, and the Decline of U.S. Manufacturing

I don’t remember seeing any of this type of story last year. But this year, Socialism stories abound from the Midwest. My ex-roommate* sends this link to a story about Butler Bulldogs’s Senior Matt Howard’s family being able to attend the NCAA Finals tonight in Houston (video link here).Luke Winn of Sports Illustrated covered the […]

The Economics of History, Douthat-Style

I try not to pay attention—and not provide a direct link—to the NYT’s Stupidest Conservative. It’s one of the greatest advantages of having Susan of Texas around: you can go there and see anything I might write, done better, and (in this case) with cute graphics. But when Brad DeLong falls down on the job—dealing […]