|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2373|
|Posts / Week:||7|
|Archived Since:||June 7, 2008|
By Cliff Asness et al. Very cogent, in my view. The bottom line: In summary, we don't believe HFT profits are excessive or excessively consistent. We censure illegal front running as strongly as anyone, but it has near nothing to do with HFT per se. Show More Summary
A comment that questions the historical trends in the capital-income ratio. A comment that questions the proposed tax on wealth.
One of the best reviews of the book I have seen.
I will be talking at a public event, along with Jared Bernstein, at Dartmouth on Monday. If you are in the area and want to attend, information is available here.
The Princeton Alumni Weekly profiles the former CEA chair.
Here, via Project Syndicate. let us not forget that when it comes to reducing global inequality, the capitalist system has had an impressive three decades. Read more at http://www.project-syndicate.org/commentary/kenneth-rogoff-says-that-thomas-piketty-is-right-about-rich-countries--but-wrong-about-the-world#eEXMIjkHdF3Ixym5.99...Show More Summary
Words of wisdom from the NYU macroeconomist.
A friend at the University of Chicago reports to me that Gary Becker died last night. He was 83.Gary was one of the greatest economists of the past half century. You can read about his contributions here. I did not know him well, but based on every interaction I had with him, it seems that he was a truly nice man as well as a path-breaking scholar. He will be missed.
Click here to read my column in Sunday's NY Times.
Advocates of government-run healthcare often point to the veterans health system as a prototype. For example, Paul Krugman wrote a while back: that brings me to Mitt Romney’s latest really bad idea, unveiled on Veterans Day: to partially privatize the Veterans Health Administration (V.H.A.). Show More Summary
Steve Cecchetti and Kim Schoenholtz are blogging, mainly on issues related to money and banking. The blog seems meant to complement and promote their textbook. Who would ever think to use a blog for such a purpose?
"In Britain, even though they're already paying for the National Health Service, six million Brits—two-thirds of citizens earning more than $78,700—now buy private health insurance. Meanwhile, more than 50,000 travel out of the U.K. annually, spending more than $250 million, to receive treatment more readily than they can at home." Source.
On NPR...and I chime in as well.
Yes, finds a new experimental study, but the authors interpret the effects as modest in size. One group of students in introductory microeconomics got a lecture twice a week (what the authors call the "traditional" format), and the other group of students got a lecture only once a week. Show More Summary
I have been reading Thomas Piketty's "Capital in the 21st Century." It is truly an impressive work, and I am much enjoying it. I have recently organized a session at the upcoming AEA meeting (January in Boston), where David Weil, Alan...Show More Summary
Readers of this blog may have noticed that I have not been as active here over the past two years as I was previously. One of the reasons is that, about two years ago, I was appointed chairman of the Harvard economics department. That has been keeping me busy. Show More Summary
Allen Sanderson sees them multiplying.
A review in the New Republic.
From today's NY Times: Thomas A. Hirschl of Cornell and I [Mark Rank of Wash U] looked at 44 years of longitudinal data regarding individuals from ages 25 to 60 to see what percentage of the American population would experience these different levels of affluence during their lives. Show More Summary
This story about the Census Bureau is amazing to me: The Census is changing its annual survey about health insurance. As a result, the new data will not be comparable to the old, making it much harder to gauge the effects of the Affordable...Show More Summary