Lynne Kiesling I have my ideas, but instead you should read this outstanding and clear post from Jim Hamilton at Econbrowser. He does a superb job of analyzing the macroeconomic factors that intersect with other commodity market drivers.
Lynne Kiesling OK, I’ve changed the color scheme a bit and cleaned up a few things that had hindered, for example, trackbacks from registering. We’ll see if I’ve managed to fix it. I think the permalink and archive pages are also now a little more readable, although if anyone out there has some quick MT …
Lynne Kiesling This past weekend in his Dear economist column in the Financial Times, Tim Harford takes on the question of how to minimize free riding among roommates who share a refrigerator. Seven students share a house, but only three buy milk; the other four free ride on the others, with no repurcussions: Free riding …
Lynne Kiesling Steven Postrel is guest-blogging at Organizations and Markets. Steve teaches at the Cox School of Business at Southern Methodist University (and also happens to be Mr. Virginia Postrel). I look forward to his contributions to O&M! Steve’s first guest post tackles the question of “physics envy” in economics and the use of mathematical …
Lynne Kiesling I apologize in advance for tooting my own horn twice in a row; first Beckham and now this … Over dinner Friday night with the KP Spouse and a couple of old economist friends, one friend asked me what I would do in Iraq. I told him I would pay efficiency wages to …
Will the New Iraq Strategy Revive the Iraq Oil Trust Idea? Read More »
Lynne Kiesling He is going to the LA Galaxy, just like I said yesterday. I knew it!
Lynne Kiesling The big story in Chicago for the past few days has been the FBI storming of Alderman Arenda Troutman’s office to arrest her on bribery charges. Chicago politics always has some aspect of theater to it, and this instance is no exception. But what is exceptional is her frank honesty: Troutman, 49, was …
Lynne Kiesling BBC Sport reports that David Beckham will not renew his contract at Real Madrid. What probability do you assign to his playing in the MLS next season? I assign a very high probability. Several European stars have ended their careers in the MLS (I think of it as a combination of level of …
Lynne Kiesling Monday’s front-page article on electricity metering and pricing by David Cay Johnston highlights two important developments in modernizing electricity policy. One overarching theme in the article is that markets cannot function up to their potential when buyers and sellers face systematic asymmetric information. In the case of electricity, retail customers do not see …
NYT on Electricity: Metering and Asymmetric Information in Retail Markets Read More »
Lynne Kiesling Woman does not live by economics alone (although sometimes I come pretty close!). I made this sweater: This is the popular Rogue hoodie, which lots of folks have been knitting over the past two years. I started this in October, and finished it on New Year’s Day. Yes, it was a lot of …
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