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Technology in the gaps

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

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