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Armen Alchian is cool
Found on Anti-Dismal on Thu 9th Sep 10
There is no such thing as macroeconomics.Or so William Allen reports Armen Alchian as saying. The quote comes from a new article in Econ Journal Watch untitled A Life among the Econ, Particularly at UCLA by William R. Allen. Jerry O'Driscoll argues that Alchian
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BIS Releases Quarterly Review, September 2010
Found on PrefBlog on Thu 9th Sep 10
The Bank for International Settlements has released its BIS Quarterly Review, September 2010 with sections on: Overview: growth concerns take centre stage Highlights of international banking and financial market activity Debt reduction after crises The collapse
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In praise of Econ 101
Found on Free exchange on Thu 9th Sep 10
JAMES KWAK describes a scenario presented to a class of college students"A hardware store has been selling snow shovels for $15. The morning after a large snowstorm, the store raises the price to $20.And he writes:In 1986, 82 percent of respondents thought
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BP's Deepwater Oil Spill - What will the Relief Well Find? - and Open Thread
Found on TreeHugger on Thu 9th Sep 10
Update: Link to new BP report on results of internal investigation into the causes of the accident.With Labor Day weekend, and the recovery of the blowout preventer from the Deepwater Horizon well in the Gulf of Mexico, the remaining parts of the operation
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Goldman Banker Named Glaxo C.F.O.
Found on DealBook on Thu 9th Sep 10
GlaxoSmithKline, the British pharmaceutical giant, said that Simon Dingemans, head of the European M.&A. business at Goldman Sachs, would become its new chief financial officer.
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Should the Bush tax cuts be extended?
Found on Democracy in America on Thu 9th Sep 10
EARLIER in the year, as debt worries wracked European financial markets, one might have thought that the expiration of most of the Bush tax cuts was a foregone conclusion. As recently as July, Barack Obama was planning on allowing the cuts for top tax brackets
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Bureaucrats are people
Found on Anti-Dismal on Thu 9th Sep 10
In the comments to a previous post BK Drinkwater said:1) People are often stupid 2) Bureaucrats are the same stupid people, with bad incentives.Now Gareth Morgan writes in the New Zealand Herald on problems in the Reserve Bank to do with banking supervision,But
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Does It Pay to Be Optimistic?
Found on Freakonomics on Thu 9th Sep 10
According to a new working paper by Ron Kaniel, Cade Massey, and David T. Robinson (abstract here; PDF here), the answer is yes, at least if you're an MBA student looking for a job.
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Very good sentences
Found on Marginal Revolution on Thu 9th Sep 10
Im all for reducing the number of public-sector employees, an I.M.F. investigator had said to me. But how do you do that if you dont know how many there are to start with? That is from the new Michael Lewis article on Greece, entertaining throughout.
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Comment on No Really, We Did Have A Huge House Price Boom by Con
Found on Comments for The Irish Economy on Thu 9th Sep 10
Oops. That second table should be: IRELAND 197% DENMARK 154% NORWAY 137% GB 133% SPAIN 108% FRANCE 107% SWEDEN 104% AUSTRALIA 92% FINLAND 84% USA 70% CANADA 58% ITALY 53%
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