Posted by Unknown | 2:31 PM

Try this: Think of an animal that isn't an elephant. What was the first animal you thought of? For a hefty fraction of you, it was proba...

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Posted by Unknown | 2:03 PM

(Note: This post is a break from "serious" econ blogging...) OK, Don't go and make any financial trades based on this (or anyt...

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Posted by Unknown | 4:11 PM

Have you ever heard people say that "money is just little green pieces of paper"? Well, that is exactly what Steve Williamson clai...

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Posted by Unknown | 4:26 PM

If you follow econ blogs at all, you'll have been reading lots about the dustup between Carmen Reinhart & Kenneth Rogoff, whose rese...

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Posted by Unknown | 3:49 PM

In my last post, I pointed out that the Nobel Prize-winning work of Lloyd Shapley and Al Roth, makes heavy use of mathematics, and indeed wo...

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Posted by Unknown | 9:32 PM

Out here in the blogosphere, it is common to hear things like the following: 1. "Economics doesn't work; it has no practical applic...

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Posted by Unknown | 2:33 PM

I don't want to bore people, but once again this question has come up (see here , here , here ,  here , here ,  here , and here  for th...

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Posted by Unknown | 11:57 AM

Many people ask me this. Short answer: It's impossible to know. Reason 1: The number of bloggers is small, and blogging is new. In terms...

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Posted by Unknown | 2:50 PM

Daron Acemoglu and James Robinson have a paper out (with Thierry Verdier) about different "flavors" of capitalism and how these  ...

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Posted by Unknown | 1:03 PM

Reading the econ blogosphere and talking to macroeconomists, you would think that the monetarists have triumphed. With the coming of QE3 , t...

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Posted by Unknown | 6:05 PM

There is a huge divide between economists and the rest of the populace when it comes to inflation. Economists generally focus purely on the ...

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