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The Surprising Restaurant Economics of Valentine’s Day

Caviar and truffles aren't as profitable as you'd think. Common wisdom among seasoned diners is that there are two times each year when you really don't want to find yourself in a restaurant: New Year's Eve, and Valentine's Day. Amateur...Show More Summary

News Roundup & Open Thread for Tuesday, Feb. 10, 2015

Jerseynomics The guy who lives HERE doesn't think NJ needs affordable housing. NJ headed for 'economic suicide without new road funds, labor leader says. Newark has Valentine's Day presents to offer: the city will make 100 vacant parcels of land available to people in a relationship, who want to build a house and live there. Show More Summary

More Evidence That "Centrist" Solutions Can't Save Us

We have become a profoundly unequal society. That reality is explored in new detail in a recent study from the Institute for New Economic Thinking (INET). Even more importantly, the INET study shows that it will take a dramatic shift in policy to restore the equilibrium. Show More Summary

What Thomas Piketty and Larry Summers Don't Tell You About Income Inequality

In a new paper for the Institute For New Economic Thinking’s Working Group on the Political Economy of Distribution, economist Lance Taylor and his colleagues examine income inequality using new tools and models that give us a more nuanced — and frightening —picture than we’ve had before. Show More Summary

What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality

In a new paper for the Institute For New Economic Thinking’s Working Group on the Political Economy of Distribution, economist Lance Taylor and his colleagues examine income inequality using new tools and models that give us a more nuanced...Show More Summary

On Wednesday’s Radio Show…

• Former MTV VJ Kennedy will talk about her new show on Fox Business Network. • Evangelical pastor Dr. Tony Evans explains why he thinks all of America’s economic, cultural and political problems can be solved by turning to God. • The latest on the fight over whether or not parents should have a choice [...]

Tim O’Reilly Explains the Internet of Things

3 weeks agoTechnology : Bits

The publisher and web guru says the Internet is about to cause its greatest changes, augmenting people with sensors and ever-present computing to create entirely new economic systems, and new ways of thinking about politics.

HIGHER EDUCATION BUBBLE UPDATE: Washington Post: Why college isn’t always worth it: A new study…

HIGHER EDUCATION BUBBLE UPDATE: Washington Post: Why college isn’t always worth it: A new study suggests the economic return on a college degree may be a lot more modest than you think. “‘Ticket’ implies a college degree is something you can just cash in,” said Alan Benson, assistant business professor at the University of Minnesota. […]

Assorted links

1. The new Bloomberg business and economics site.  What do you all think?  And The Guardian will sell ads based on time. 2. Janos Kornai reflects on post-reform Hungary (pdf), important to note that history can run backwards. 3. WaPo on my hypothesis that northern Virginia is becoming two different places.  I liked this piece, […]

New Greek Govt.: Debt Repayment Isn't Realistic

As Greece's newly elected Syriza party takes office, its top economics spokesman is making the party's views on debt clear. It's "unrealistic" to think that Greece will be able to pay back the $270 billion bailout it received from the eurozone and other lenders, Euclid Tsakalotos tells the BBC. "I...

Economics Daily Digest: State of the Union, Actual Policy Goals, Responses

By Rachel Goldfarb, originally published on Next New Deal Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest. The Problem With Obama's Bold SOTU (MoJo) David Corn thinks President Obama needs...Show More Summary

Paging Mr. Romney 2016: New study shows the poor pay MORE in state/local taxes than the rich

Forty-seven percent of people think I'm a liar. The other 53 percent know it. Read it and weep (really). Here's what a new report from the Institute on Taxation and Economic Policy found: According to the study, in 2015 the poorest fifth...Show More Summary

Russia's Economic Crisis Is Affecting The Future Of The New Jersey Nets

Russia's tanking economy and currency might have something to do with the possible sale of the Brooklyn Nets. For months there have been rumors that the owner of the Brooklyn Nets Mikhail Prokhorov is thinking about selling the team and on Tuesday, Bloomberg's Scott Shoshnick reported that the team is for sale. Show More Summary

MRU New Course: Principles of Microeconomics!

Our newest MRUniversity online course in economics is now starting, Principles of Microeconomics! Tyler and I have created what we think is our most engaging course yet — featuring high production quality videos filled with great examples to illustrate key concepts. Show More Summary

Paul Krugman Actually Thinks His Readers Can’t Tell Which Party He Favors

2 months agoNews : Mediaite

As a random coincidence, the New York Times has endorsed all of those Democratic candidates as well during that time. No issue there...the paper is liberal as are many of its columnists, with Nobel winner and Princeton Economics Professor Paul Krugman being its most hard-left op-ed columnist. Show More Summary

Happy New Year: A Time to Celebrate Human Progress

David Boaz The media are full of headlines about war, sexual assault, inequality, obesity, cancer risk, environmental destruction, economic crisis, and other disasters. It’s enough to make people think that the world of their children...Show More Summary

And Now For Some Dour Predictions For the New Year

Tyler Cowen offers some economic guesses for the coming year. In a nutshell, he thinks Russia is doomed; American wage growth will remain stagnant; a resource crash will throw Canada and Australia into a downturn; Abenomics will fail...Show More Summary

What went wrong in Brazil?

Back in 2012, Paul Krugman did a post praising the “New Economic Policy” in Latin America, which focused on reducing inequality.  A few weeks later he singled out Argentina and Brazil for special praise: Just to be clear, I think Brazil is going pretty well, and has had good leadership. But why exactly is Brazil […]

The Economic Benefits of Common Sense

A new economic report reveals that the self-styled “land of the free” is not as free as it once was -- or as we in the United States think of ourselves.

The key to understanding Environmental Economics is understanding unintended consequences

While uncomfortable, sometimes it pays to think beyond the obvious: People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either. "It's kind of...

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