Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:4701
Posts / Week:12.2
Archived Since:March 2, 2008

Blog Post Archive

An even greater stagnation

(July 30, 2015 09:50 AM, by Scott Sumner) The government just announced revised real GDP figures for the past few years, showing even lower growth than previously estimated. I am traveling now so I'm going to estimate these growth rates w/o a calculator. Please correct me if I... (15 COMMENTS)

Biography of Edmund Phelps

(July 29, 2015 03:21 AM, by David Henderson) In The Concise Encyclopedia of Economics, I have bios of all of the winners of the Nobel Prize in economics through 2004, technically the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. But there have been a... (0 COMMENTS)

Nuclear Iran Bet Update

(July 28, 2015 05:02 PM, by Bryan Caplan) John Podhoretz engaged my proposed nuclear Iran bet on Twitter. Highlights of the exchange:@bryan_caplan I'll bet you but why such long odds?-- John Podhoretz (@jpodhoretz) July 28, 2015.@jpodhoretz I propose long odds because you claim very high confidence ("effectively... (0 COMMENTS)

Predicting failure

(July 28, 2015 02:14 PM, by Scott Sumner) Lars Svensson has argued that the Fed should "target the forecast", which means they should adjust policy so that their predicted outcome is also their targeted outcome. Information accidentally leaked by the Fed indicates that they are not doing this,... (2 COMMENTS)

Nuclear Iran Bet

(July 28, 2015 09:58 AM, by Bryan Caplan) John Podhoretz:The United States and its allies have struck a deal with Iran that effectively ensures that it will be a nuclear state with ballistic missiles in 10 years, assuming Iran adheres to the deal's terms, which is a very... (10 COMMENTS)

McArdle (and the Pope) on air conditioning

(July 28, 2015 09:52 AM, by Alberto Mingardi) Megan McArdle has a most enjoyable piece on air conditioning. It is true that when we Europeans are traveling, sometimes it is more difficult to "adjust" to air conditioning than to the time zone. We have the impression that Americans... (11 COMMENTS)

Party in the Street: A Tale of Three Movements

(July 28, 2015 12:27 AM, by Bryan Caplan) Heaney and Rojas close Party in the Street by comparing the antiwar movement to the Tea Party and Occupy Wall Street. This naturally required even more original data collection. What they found:[T]he antiwar-Democratic relationship is an intermediate case among these... (1 COMMENTS)

Race and progressivism

(July 27, 2015 04:18 PM, by Scott Sumner) Pat Buchanan used to complain about imports from Asian and Hispanic economies, but was strangely silent about our large trade deficits with mostly white northern Europe. Donald Trump makes similar complaints. Now Kevin Williamson says that Bernie Sanders likes to... (0 COMMENTS)

Finishing an Econ Ph.D.: The Basic Facts

(July 27, 2015 09:40 AM, by Bryan Caplan) If aspiring econ Ph.D.s are going to read one article about their prospects for academic success, Stock, Siegfried, and Finegan's "Completion Rates and Time-to-Degree in Economics PhD Programs" (American Economic Review, 2011) is probably the single best piece to read.... (0 COMMENTS)

Krugman on Greece

(July 27, 2015 01:58 AM, by David Henderson) Athens, we have a problem. I missed seeing Paul Krugman on Fareed Zakaria's show on CNN on July 19. The transcript is worth looking at, not because it's that informative about Greece but because it's informative about how--and how carefully--Krugman... (0 COMMENTS)

Good for Jared Bernstein

(July 26, 2015 03:55 PM, by David Henderson) Those who know me well know how much I like civility in debate. And, beyond civility, I like even more when people on one side of an issue will grant a point made by someone on another side of an... (0 COMMENTS)

What You Mean "We", Scott Alexander?

(July 25, 2015 07:18 PM, by David Henderson) My co-blogger Bryan Caplan, as well as many other bloggers and friends, have recommended Scott Alexander's (that's not his real name) blog, slatestarcodex. I have had it on my feed for a number of months now and, like them, find... (0 COMMENTS)

Re-regulation in the UK

(July 25, 2015 07:32 AM, by Alberto Mingardi) For quite a while, the British electricity market (in itself, an interesting case of successful liberalisation) has been the object of a campaign aiming at its re-regulation. Now it is the turn of the British Competition & Markets Authority (the... (0 COMMENTS)

Friday Night Video: Why Libertarianism is So Dangerous

(July 24, 2015 05:29 PM, by David Henderson) I highly recommend this. Warning: some language.... (0 COMMENTS)

Abigail Hall's Case Against Supporting Politicians

(July 24, 2015 03:12 AM, by David Henderson) In a blog post yesterday, "Standing with Rand? Maybe Take a Seat," Independent Institute Research Fellow and recent George Mason University Ph.D. Abigail Hall makes a case against supporting Rand Paul, but then generalizes and makes it a case against... (0 COMMENTS)

Law School: No News Is Bad News

(July 24, 2015 12:18 AM, by Bryan Caplan) Common sense from Campos' Don't Go to Law School (Unless):You can find a version of each school's employment statistics on the ABA's website. In addition, a school should have even more detailed employment and salary numbers for its most recent... (0 COMMENTS)

Some Practical Advice

(July 23, 2015 02:31 PM, by David Henderson) Play the Hand You're Dealt One of the things I do around the margins with my students--it's not part of the curriculum--is give them my "words of wisdom" about dealing in the world. A lot of it has to do... (0 COMMENTS)

Sadie Hawkins Rant

(July 23, 2015 10:06 AM, by Bryan Caplan) Wikipedia:[T]he practical basis of Sadie Hawkins Day is one of simple gender role-reversal. Women and girls take the bold initiative by inviting the man or boy of their choice out on a date--almost unheard of before 1937--typically to a dance... (0 COMMENTS)

Paul Krugman on the minimum wage

(July 23, 2015 09:12 AM, by Scott Sumner) Paul Krugman recently had this to say on the minimum wage: Until the Card-Krueger study, most economists, myself included, assumed that raising the minimum wage would have a clear negative effect on employment. But they found, if anything, a positive... (0 COMMENTS)

Econlib in Top Three!

(July 22, 2015 05:19 PM, by David Henderson) We have just learned that has listed Econlib as one of the top three sites for Economic Education in 2015. I agree. :-) The announcement is here. An excerpt: We are delighted to publish the award winners for 2015.... (0 COMMENTS)

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