EconoSpeak
Thursday, January 30, 2014

Basic Econometrics: Tiptoe through the Type II Tulips

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An ancient bit of American folk wit asks, "If you call a tail a leg, how many legs does a cow (dog, horse, pig) have?" The answe...

The Death of Communist Idealism

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The deaths within a short time of two highly respected men in their mid-90s, who both were members of the Communist Parties of their nations...
6 comments:
Wednesday, January 29, 2014

Inaugural Issue of Review of Behavioral Economics (ROBE)

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A post discussing in some detail some of the papers in the recently released inaugural issue of the Review of Behavioral Economics (ROBE), o...

Basic Econometrics: Robots Demand Shorter Hours!

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"You don't need a weatherman to know which way the wind blows." There are some facts that no amount of regression analysis...
Tuesday, January 28, 2014

The Mystery of Economic Identities

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Dean Baker has a takedown of Robert Z. Lawrence on his website today.  RZL said that reduced US fossil fuel exports can’t have an effect on...
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Robert Samuelson Dumps On Bernanake

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Well, this title is a bit strong.  Robert J. Samuelson in a column yesterday in the Washington Post, "Why Bernanke fell short," do...
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Saturday, January 25, 2014

Arithmetic and Heritage Foundation’s Chief Economist

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Heritage Foundation has a new “chief economist”? That's why Heritage's most recent hire could mark a potential return to normalcy ...
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Friday, January 24, 2014

The Wisdom of Robert Waldman

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 At Angry Bear: "The assumption of a unique exogenous long run growth path absolutely does not follow from the D, S, G or E parts of ...
Wednesday, January 22, 2014

Fallacy vs. Fallacy

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"It may be reading too much into recent experience, but one could also argue that under certain constraints the lump of labour falla...

Labour Markets: "A crazy explanation for what is happening to workers"

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Ryan Avent at the Economist : "It may be reading too much into recent experience, but one could also argue that under certain constr...
Friday, January 17, 2014

Origin of the Term "Econoblogosphere": An Egomaniacal Post

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Oh, I cannot resist.  I am going to claim to be the original neologizer of the now widely used term, "econoblogosphere."  Miles Ki...
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"The long-debunked fallacy known as Say’s Law..." -- a perplexing guide to the perplexed

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"With this I buy bread?" "You want bread? Bang a baker!" Paul Krugman wonders why don't da bunk stay debunked ?...
Thursday, January 16, 2014

Penny Wise and Pound Foolish Cuts to the IRS Budget

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Multinationals of the world rejoice: The Senate, by a vote of 72–26 on Jan. 16, passed the omnibus appropriations bill (H.R. 3547) to fun...

Say against Say: lower wages won't clear labor markets (It's the law!)

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L'offre crée sa propre demande (supply creates its own demand) does not mean the same thing as un produit terminé offre, dès cet instan...
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Will The US Congress Choose To Go To War With Iran?

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Unfortunately this looks like a serious possibility.  I know that the entire rest of the world, with the exception of the Israeli leadership...
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