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Now The Real Work Begins
Found on Economic Principals on Tue 7th Sep 10
So much for summer vacation. Its back to work for Economic Principals. Doing what? Plowing through the torrent of literature of the 2007-09 crash, among other things. The experts deciphering of the crisis is nearly complete. Now the real work begins.The best
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Department of "Huh?!": Obama Election Season Edition
Found on Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Tue 7th Sep 10
Outsourced to Jackie Calmes, who wonders whether the Democratic establishment is insane:On Economy, Democrats Face a Lack of Unity: Mr. Obama spoke Thursday with the House speaker, Nancy Pelosi, and the Senate majority leader, Harry Reid, to coordinate on proposals....
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Bill Black: Control Fraud Crushes Kabul, And the New York Times Needs to Correct its Correction
Found on naked capitalism on Tue 7th Sep 10
By William C. Black, Associate Professor of Economics and Law, University of Missouri-Kansas City, the author of The Best Way to Rob a Bank is to Own One, who also posts at New Economic Perspectives. The New York Times, in a story entitled Afghanistan Tries
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Fiscal Space
Found on Economics Blog on Tue 7th Sep 10
Definition of Fiscal Space – The difference between the current level of public debt and the level of debt that is sustainable and manageable.A key issue for many advanced economies is being aware of the level of government borrowing that is sustainable
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Who said economics is about forecasting the future?
Found on Dani Rodrik's weblog on Tue 7th Sep 10
Gideon Rachman of the FT wants to dethrone economists. I am all for it, but what grates in his article is the view that economics as a science is defined by its ability to forecast the future. No, it is not, and whoever said that is not very knowledgeable about
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Infrastructure Spending Is Not A Boondoggle
Found on The Bonddad Blog on Tue 7th Sep 10
One of the biggest problems in talking about the importance of and the need for infrastructure spending is that people who argue against it almost never look at maps. Let's paint a hypothetical picture. There are two cities, A and B. Both cities have complementary
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The Economic Way of Thinking: Blog Edition Once More
Found on The Austrian Economists on Tue 7th Sep 10
|Peter Boettke|I nominally blog at The Economic Way of Thinking, but for the past year the dominant blogger there has been Scott Beaulier. Scott has done an amazing job applying the economic way of thinking to an amazing array of topics and keeping his
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On the sources of Canada's recession and recovery
Found on Worthwhile Canadian Initiative on Tue 7th Sep 10
The good news from the latest National Accounts release is that real GDP has recovered its pre-recession peak. In this post, I'm going to review how the Canadian fell into recession, and how it recovered.As downturns go, this latest episode wasn't all that
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The Global Economy - Old Maids Who Won't Play Anymore
Found on Alpha.Sources blog on Tue 7th Sep 10
(with apologies to Frederick Goodall)The financial and economic discourse is a funny beast really; it can, if harnessed properly, shed light on future investor and market performance, it can give a diversified and detailed picture of any given economic or financial
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Liability and excessive risk taking: Historical evidence from Britains banks
Found on VoxEU.org: Recent Articles on Tue 7th Sep 10
Richard S. Grossman, Masami Imai, 7 September 2010One of the striking features in the buildup to the global crisis was the extent of risk taken on by highly leveraged financial institutions. This column blames such behaviour on the limited liability status
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