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What Can Hong Kong And Cuba Teach Us About Economic Policy?

Submitted by Daniel Mitchell, Early this year, I shared an amusing but accurate image that showed an important difference between capitalism and socialism. And in 2012, I posted a comparison of Detroit and Hiroshima to illustrate the damage of big government. Show More Summary

Liveblogging the Great Depression: November 28, 1933

Thirty-Eight Columbia University Economics Professors Demonstrating Their Utter Cluelessness About the Macroeconomic Situation: New York Times: [COLUMBIA EXPERTS OPPOSE GOLD PLAN - 38 of Faculty, in Statement, Urge Cessation of Buying to Avert Economic Warfare. Show More Summary

The 5 Best Eyeglass Shops In NYC

Copping a cheap pair of frames from your local Lenscrafters might seem like the most economical plan when it comes to shopping for a new pair. But in a city this stylish and ever-moving, you're better off finding a shop with well-crafted spectacles that won't crack after fifteen minutes at Baby's All Right. Show More Summary

Shop With a Clear Conscience

A study for the National Bureau of Economic Research concludes “Large, Modern Retailers Pay Comparatively High Wages.”

5 Things to Watch on the Economic Calendar

November’s jobs reading is the main course on next week’s economic menu but there will be plenty of data to digest before Friday.

Positiongraphy: “I Known What You Did Last Term”

In 2001, during the economic and political crisis in Argentina, people shouted in the streets “To hell everybody (rulers!)” More than a decade after these events, this popular cry was transformed into a digital tool that allows voters get informed about the political background of their candidates. On Infoactivismo there...

Corporation Tax and Northern Ireland’s (Economic) Walking Dead

5 hours agoNews : Slugger O'Toole

Northern Ireland is a funny, self-obsessed place. And the arguments in favour or against the idea of a reduced corporation tax rate tend to be somewhat navel-gazing. Today people were picking fights with me on twitter because I’d suggested that reduced corporation tax here would make Northern Ireland more attractive for business. But, as some more...

Assorted links

1. Dulles airport is becoming less popular (i.e., markets work). 2. The proliferation of drones. 3. New Cornell blog on development economics. 4. The science of hate in college football, and runners do better when they have rivalries (WSJ, google “science of hate in college football” if need be). 5. Is American household deleveraging over? […]

The new brooms

5 hours agoNews : America's View

SHE finally did it. Nearly a week after her intentions were trailed in the Brazilian press President Dilma Rousseff, who narrowly won re-election in October, named her new economic team yesterday. Joaquim Levy (pictured above, in focus) will be the new finance minister and Nelson Barbosa (right) the minister of planning. Show More Summary

Climate Change Geoengineering Is No Quick Fix

In a world where the renewable energy solution to climate change is a problem bogged down in politics and economics, geoengineering can sometimes look like the perfect solution. As the University of Leeds puts it, “deliberate, large-scale...Show More Summary

Is Every Day Black Friday? How Climate Inaction And Hypermaterialism Betray Our Children.

Black Friday has become an orgiastic celebration of unbridled consumerism. It's a good time to look at how the global economic system is a Ponzi scheme, an utterly unsustainable system that takes wealth from our children and future generations to prop up our carbon-intensive lifestyles. Show More Summary

Can QE Prop Up Asset Prices Forever?

Submitted by Chris Hunter via Acting man blog, Popular Myths and a Shrinking Work Force It’s not just voters who buy into popular myths. Many investors do too. Few have wider appeal than the myth that central banks can create economic growth via the printing press. Show More Summary

Israel FM supports paying Arabs to leave

Avigdor Lieberman says he favours providing economic incentives for Arab-Israelis to leave the country.

Friday Thread: What makes for a reliable economic/political superpredictor?

8 hours agoNews : Slugger O'Toole

To quote the blurb… You don’t have to be a mystic to tell the future. Or at least that’s what political scientists would have you believe. But actually they’re not very good at it, as Tim Harford, the FT’s undercover economist, explains. This is relevant how? Well, we know broadly that we cannot predict the more...

Oil and Currency Markets Reflect Expectations for Lower Global Economic Growth

Since August, both crude oil and currency markets have been influenced by lower economic growth expectations in countries outside the United States. Prices in both markets recently broke out of established trading ranges, driven by concerns about weaker future global demand. read more

10 Black Friday Reads

My Black Friday reads: • When Should You Shop? Right After Black Friday (Upshot) see also 11 Economic Lessons to Make You a Smarter Shopper For Black Friday (Atlantic) • ‘Le Black Friday’ Goes Global With Deals Just a Click Away (Bloomberg) • Jobs: Visualizing Recovery, State By State (Real Time Economics) see also Five Economic...Read More

The economics of Uber

We were talking about this at lunch the other day, and now Josh Barro steps forward with the numbers: The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. Previous […]

Japan data paints glooomy picture

Japan released a lacklustre string of economic data including a slowing inflation rate that dealt another blow to Tokyo's bid to conquer years of falling prices and tepid growth. ||| Tokyo - Japan released a lacklustre string of economic...Show More Summary

The Rise and Fall of Part-Time Employment

At MoneyWatch: Why the Job Market is Better Than it Looks: True or false: Most of the jobs created during the sluggish economic recovery consist of part-time, not full-time, employment?...

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