Technology in the gaps

Posted by | 11:33 AM
It must have been strange to be an ancient Greek. Storms happened because Zeus woke up in a bad mood. Seas were calm because Poseidon was of...

Government bonds aren't net wealth...or are they?

Posted by | 9:41 AM
In 1974, economist Robert Barro published a very famous paper entitled "Are government bonds net wealth?" You can read it here . T...

Why conservatives hate trains

Posted by | 1:24 PM
Via Paul Krugman , I come across this George Will column purporting to expose the "real" reason why many liberals support rail tr...

Countries compete for the gains from trade.

Posted by | 1:51 PM
As a follow-up to my last post, I think there is yet another big problem with Greg Mankiw's column on trade and competition . His argum...

Is trade really always efficient?

Posted by | 4:26 PM
  I'm a bit late to the party on Greg Mankiw's column about trade . But better late than never, right? Mankiw's case for trade i...

All ethical systems are both deontological and consequentialist

Posted by | 8:57 AM
I don't spend a lot of time slicing and dicing political ideologies. As I see it, ideology as it exists in the world is different for ea...

Why don't Americans value social insurance?

Posted by | 11:59 AM
Why don't people seem to realize the amount of government services they receive? I think Mark Thoma absolutely nails it : People believ...

Two examples of good informal economic analysis

Posted by | 8:42 PM
 I've spent the last couple of posts scoffing at the big ideas of a couple of big names in the econ blogosphere. But this isn't beca...

"Act of God" Economics

Posted by | 1:54 PM
"Experts have their expert fun / ex cathedra, telling one / just how nothing can be done."  - Piet Hein First, a disclaimer: I hav...

The Wrongness of Raghuram Rajan

Posted by | 3:12 PM
Since the crisis, Raghuram Rajan has emerged as the "reasonable conservative" voice of the econ blogosphere. Although many of his ...