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Stats

I hate giving a number

posted to SCSUScholars on Wed 28th Jul 10

In a comment on a post Monday, Brad asks:Sort of on topic, King what are your thoughts on why the last few recoveries have been relatively light in job creation? My sense has always been that it is a combination of Productivity Gains via things like IT in conjunction
How much VAT to close off the deficit

posted to SCSUScholars on Wed 28th Jul 10

Because a Value Added Tax (VAT) has been floated as a solution to the government's budget problems, we did a back of the envelope estimate of the VAT rates that would be needed to raise enough money to cut Obama's deficits to zero. Assuming a VAT base of 41
Here's a great principles of micro test question

posted to SCSUScholars on Wed 28th Jul 10

Essay: The government announces that it will provide a tax credit of $7500 to purchasers of electric-powered automobiles. Describe the effect of the tax credit on the supply and demand for these vehicles. What happens to the price of electric

Bernanke a victim of Brown-mania?

posted to SCSUScholars on Fri 22nd Jan 10

(Sorry for late posting, but Friday is catch-up day and there was more than the usual amount to catch up.)Hard to believe, but the Bernanke reconfirmation may be in serious trouble. Ed Morrissey fleshes out the story. The stock market sags partly in response.
Because it worked so well last time

posted to SCSUScholars on Fri 27th Nov 09

Did you like Cash for Clunkers? The government is planning an encore.On the heels of its ballyhooed "Cash for Clunkers" program for cars, the federal government is expected to finalize details in the coming weeks of another tax-supported shopping extravaganza,
What's the objective function?

posted to SCSUScholars on Wed 17th Jun 09

When you teach a graduate course in price theory, you typically are teaching solutions to a "constrained optimization" problem. Thus the calculus along with Lagrangean multipliers and all that. Those who think there's too much math in economics don't deny that

Cell phones, optimism, health care systems, and latin america

posted to A Texan Economist on Mon 7th Jun 10

SCSU also talks about the cell phone industry. Phone-carrier exclusive contracts are frustrating! I wonder when we'll move on from that.Professor Emerson at Oregon State tells us that we have reason to be optimistic about the economy. I wonder what he thinks
HFT, educaiton, pedigree, and health care

posted to A Texan Economist on Mon 24th May 10

An interview about high frequency trading. Recently, I've been more and more interested in similar topics.Does education hurt your real income or help it? Data can be tricky.Tyler Cowen thinks about pedigree bias in economics. Economics professors in top schools
de Soto on Property Rights & the Crash

posted to Taking Hayek Seriously on Thu 20th May 10

here.My ancestors recorded property right claims with a central registrar in the no-mans land of Oregon when the region had no legitimately recognized government. The people of the region followed customs of law and governance share among the English and Americans,