This week Newsweek has an intelligent article on experimental economics and its value in application to real-world problems. It starts with a profile of Vernon Smith and the work he pioneered that won him the Nobel last year, and illustrates the origins of experimental research: Smith did not set out to bring down the establishment. …
I spent the weekend at a beach house in Michigan with my husband and six close friends, one of whom is a die-hard Cubs fan. She couldn’t even listen to the second game in the same room with the rest of us on Saturday, but instead sat outside and watched the lake. Thankfully we had …
As with almost everything that Jonathan Rauch writes, including this recent Atlantic Monthly article on genetically modified food, this National Journal article on dos and do-nots instead of haves and have-nots is utterly insicisive and insightful. He does a nice job of summarizing research on poverty that has moved beyond the convictions of the early …
We were sitting here last night, watching the USA-Nigeria game in the Women’s World Cup, in which Mia Hamm played brilliantly: Mia Hamm?s team mates have come to expect big games from her. But Thursday night?s performance in the USA?s 5-0 win over Nigeria was out of the ordinary even for the world?s all-time leader …
Both Halves Of A Power Sports Couple Excelled Last Night Read More »
Hal Varian’s Economic Scene column today is a very clear and succinct analysis of the dynamics underlying the current state of politics in California. His summary of the electricity crisis is pretty sound (although he does persist in calling what they did deregulation, which it was not). A highly recommended read.
With five games to go in the season, the Cubs are in first place in the NL Central. Who’d a thunk it? Back in June, when we didn’t fall prey to our usual “June swoon”, people started saying things like “if we can just stay in the running until September, then we have an easier …
For economics commentary from a British perspective, check out the new Adam Smith Institute blog (with thanks to William Sjostrom for the pointer).
Rick Mattoon of the Chicago Fed and I are the author’s of the Chicago Fed Letter, October issue, and the topic is natural gas policy and implications for the Upper Midwest region. Regular readers of TKP and Tech Central Station are familar with my analyses of natural gas policy, and this letter reiterates some of …
This BBC article describes a Shell oilfiled in Gabon where more wildlife congregates than in neighboring wildlife parks.
Kudos to Kevin Brancato at Truck and Barter for his terse explanation of the broken window fallacy. I remember after the Mississippi River flooding in 1993, Bruce Babbitt saying something like “well at least the silver lining is that the destruction will create lots of work.” I think I yelled loudly enough and long enough …
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