|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2114|
|Posts / Week:||8.2|
|Archived Since:||June 7, 2008|
Here is a good topic for class discussion.Background: The Congress allocates free tickets to the presidential inauguration, often by lottery. Some winners of the lottery try to sell them for thousands of dollars. Senator Schumer objects to the resale.Question 1: When David, a lottery winner, sells his ticket to Ann, both David and Ann are better off. Show More Summary
A story of how a model employee outsourced his own job.
A friend recommends this comic as a way to motivate a class discussion of GDP.
My older son and I saw Zero Dark Thirty over the weekend. Great movie. On par with Argo. Much better than Lincoln, which seems to be the Oscar favorite.By the way, I have heard that the revival of Pippin I saw and loved is moving to New York after its Boston run is over. Highly recommended.
And also about the Pigou Club, from the NY Times.
The Tax Policy Center has a calculator to answer that question.
Many of the world's professional economists are spending the next few days in San Diego for the annual ASSA meeting, where economists network, get some publicity for themselves, and learn what other economists are up to. I am skipping this year's meeting to spend more time with family. Show More Summary
Last October, Amazon introduced a new feature: a list of bestselling authors, aggregating across all books an author has written. Here is the list of the top 100 authors.For an economist, perusing the list is a humbling experience. As far as I can tell, not a single member of our profession made the list. Show More Summary
Here are the effective federal tax rates (total taxes as a percentage of income) for 2013 under the new tax law, as estimated by the Tax Policy Center:Bottom fifth: 1.9Second fifth: 9.5Middle fifth: 15.6Four fifth: 19.0Top fifth: 28.180-90 percentile: 21.590-95 percentile: 23.495-99 percentile: 26.3Top 1 percent: 36.9Top 0.1 percent: 39.6
All ec 10 students know David Johnson, the course's charismatic head teaching fellow. What they likely do not know is that David's lovely wife, Anne Pringle, is also on the Harvard faculty. Today's NY Times has an article about Anne and her research.
The fiscal deal struck last night makes one thing clear: President Obama must have really hated the recommendations of the bipartisan Bowles-Simpson commission that he appointed. The commission said that we needed to reform entitlement...Show More Summary
I just listened to President Obama's latest remarks on fiscal policy. This passage caught my attention: I want to make clear that any agreement we have to deal with these automatic spending cuts that are being threatened for next month,...Show More Summary
Click here to read my column in Sunday's NY Times.
For those in the Boston area: Yesterday, my family and I enjoyed one of our Christmas presents from Santa and went to the new production of the musical Pippin at the American Repertory Theater in Cambridge. I recall seeing the original Broadway production in the 1970s when I was in high school and liking the play then. Show More Summary
Ed considers what might be behind this fact: Thirty years ago, there was a 40-to-1 ratio between the total labor force and those workers receiving Social Security disability payments. Today that ratio is less than 18-to-1.
My favorite Christmas-themed economics article is this one by Steve Landsburg. From 2004, but truly timeless.
I often disagree with Paul Krugman, but I usually understand him. Lately, however, I have been puzzled about his view of the bond market. In a recent post, he takes President Obama to task for believing that the failure to deal withShow More Summary
Previous installments are here.