Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:4895
Posts / Week:12.4
Archived Since:March 2, 2008

Blog Post Archive

Slaying the Myths about Plastic Bags

(September 3, 2015 12:39 PM, by David Henderson) Though it was meant as irony, there was an essential (if accidental) truth behind the speech [in the movie American Beauty]. The technology behind plastic grocery bags is so useful it won a Nobel Prize. Employing an unimaginably small amount... (0 COMMENTS)

Is the economy becoming less interest sensitive? And does it matter?

(September 3, 2015 09:12 AM, by Scott Sumner) Answers: Maybe, and no. Tyler Cowen linked to a recent paper by Jonathan L. Willis and Guangye Cao, out of the Federal Reserve of Kansas City. Here's the opening paragraph: Over the past three decades, the U.S. economy seems to... (0 COMMENTS)

A Bet with Rick Moran

(September 2, 2015 08:19 PM, by David Henderson) Over at PJ Media, Rich Moran writes: Since there is a pretty good possibility that Prime Minister Benjamin Netanyahu and Israel are likely to "take" a nuclear bomb down the gullet thanks to the ignorant naivete of the president and... (0 COMMENTS)

Markets are self-aware

(September 2, 2015 10:00 AM, by Scott Sumner) Markets are just amazingly wise. But that shouldn't be surprisingly, because they must be smarter than us in order to make it tough to get rich. And that's because if it were easy to get rich we'd quickly run out... (1 COMMENTS)

Scott Alexander on Labor Economics: Point-by-Point Reply

(September 2, 2015 12:09 AM, by Bryan Caplan) To recap my last post, Scott Alexander's critique of libertarian labor economics amounts to a critique of mainstream labor economics itself. If Scott were in my labor economics course, I could spend hours of classtime responding to his thought-provoking critique.... (0 COMMENTS)

Questions for Luigi Zingales

(September 1, 2015 05:49 PM, by David Henderson) Over at Marginal Revolution, Tyler Cowen has asked people to propose questions for him to ask Luigi Zingales next week. I'm a big fan of Zingales's book A Capitalism for the People: Recapturing the Lost Genius of American Prosperity. I... (0 COMMENTS)

Pseudo-recessions and actual recessions

(September 1, 2015 01:08 PM, by Scott Sumner) Last year I did a number of blog posts criticizing the consensus view that Japan had fallen into a recession. Many people assumed that two consecutive declines in real GDP meant that Japan was in recession. I argued that the... (0 COMMENTS)

A Counterexample for Scott Alexander

(September 1, 2015 12:57 PM, by David Henderson) I enjoyed Bryan Caplan's post early this morning. In my view, the best comments so far are by Daniel Fountain and by Thomas B, although Mike Hammock and Hasdrubal make good points also. I look forward to reading Bryan's responses... (0 COMMENTS)

Scott Alexander on Labor Economics

(September 1, 2015 12:08 AM, by Bryan Caplan) Whenever a new semester begins, I thank the universe for good students. Good students have four key traits:First, good students genuinely want to learn. They don't study material merely because they see it on the syllabus or expect it on... (0 COMMENTS)

Tight money leads to lower interest rates

(August 31, 2015 06:31 PM, by Scott Sumner) Tyler Cowen has a new blog post that has 13 observations on the Fed's upcoming policy decisions. Most are reasonable, especially the first comment. But I strongly disagree with point 6: 6. Now the risks look fairly symmetric. The first... (0 COMMENTS)

WSJ Highlights

(August 31, 2015 02:18 AM, by David Henderson) I spent part of Sunday catching up on Wall Street Journals that had piled up when I was at my cottage in Canada. Some highlights, in chronological order. 1. "ObamaCare Undercover," August 1-2, 2015 (July 31 on-line). Highlight: Last year... (0 COMMENTS)

The Monopoly Motive

(August 31, 2015 12:00 AM, by Bryan Caplan) Today's the first day of GMU's fall semester, and for some reason I'm thinking about a class I haven't taught in years: Industrial Organization. I wrote the notes when I was much younger and more enamored of theory. Much of... (0 COMMENTS)

Asian immigration will make America more unequal, and that's a good thing

(August 30, 2015 09:07 PM, by Scott Sumner) It seems that Asia has overtaken Latin America as the largest source of immigration to the US. Here's a recent example of that trend: Mexicans still dominate the overall composition of immigrants in the U.S., accounting for more than a... (0 COMMENTS)

Buying Puts for Years?

(August 30, 2015 04:50 PM, by David Henderson) In a response to, I think, me, although he doesn't make it clear whether he's responding to me, Robert P. Murphy writes: I realized from Levi's comment that people are genuinely misunderstanding what I was trying to say in that... (0 COMMENTS)

A nice summary on secession

(August 30, 2015 07:18 AM, by Alberto Mingardi) Tim Sablik has an interesting literature review on secession on the Richmond Fed's "EconFocus." Sablik presents research relevant to the issue, including Alesina and Spolaore and Buchanan and Faith. He also deals with contemporary secessionist communities - like Catalonia and... (0 COMMENTS)

Recessions often begin before the thing that caused them occurs

(August 29, 2015 10:12 AM, by Scott Sumner) I hope the title of this post has caught your attention---if not please reread it. In the previous few recessions, the consensus of economists did not even forecast a recession until it was already underway. That is, not only can... (0 COMMENTS)

Bio of Eugene Fama

(August 28, 2015 08:39 PM, by David Henderson) His major early contribution was to show that stock markets are efficient (See efficient capital markets). The term "efficient" here does not mean what it normally means in economics--namely, that benefits minus costs are maximized. Instead, it means that prices... (0 COMMENTS)

Scott on Victimology

(August 28, 2015 09:53 AM, by Bryan Caplan) Scott against me on victimhood:Or let's take another case; you decide to violate the law by jaywalking, crossing the street in the middle of the block. You are struck and killed by a car. (This happened to a Bentley student... (0 COMMENTS)

Beyond victims and villains

(August 28, 2015 09:43 AM, by Scott Sumner) I've always had a visceral distaste for dividing people up into victims and villains. Thus I wasn't happy to see this analogy by Bryan Caplan (when talking about the Ashley Madison affair.) Constructing hypotheticals with blameworthy pseudo-victims is easy enough.... (0 COMMENTS)

Question-Begging and Victim-Blaming

(August 28, 2015 12:05 AM, by Bryan Caplan) Jonathan Ichikawa joins Jason Brennan in the philosophical symposium on the Ashley Madison hack. He begins innocuously:Here is a sadly familiar story: a teenage girl sneaks out of her parents' house, goes to a party, and gets drunk. A man... (0 COMMENTS)

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