http://www.cbo.gov/ftpdocs/124xx/doc12485/10-25-HouseholdIncome.pdf
Very clear.
It is only an opinion
Tuesday, January 10, 2012
Sunday, January 8, 2012
Nice discussion on the economics of a fancy restaurant
http://andrewgelman.com/2012/01/econ-debate-about-prices-at-a-fancy-restaurant/
http://www.bloomberg.com/news/ 2012-01-06/the-economics-of- celebrity-chef-grant-achatz- the-ticker.html
http://www.bloomberg.com/news/
I agree with them, but probably the restaurant doesnt care about the issue of overpricing that much...with a first naive approach they are happy. It saves face.
Tuesday, January 3, 2012
Mankiw's arguments on taxation
So far, I do not see the real content of this proposal.
http://www.economics.harvard.edu/files/faculty/40_Spreading%20the%20Wealth%20Around.pdf
How is it suppose to be determined the social valuation of people's contribution?
In case of a disagreement, how is it to be settled?
The way it is formulated, it seems to me that it is a rationalization of the outcome of a market economy, adorned with the recognition of the typical market failures.
It seems to be that the emphasizes is put on individual's freedom (I know this seems out of context, but I don't really think it is ; notice the context in which it is introduced, for instance, the references to the competitive equilibrium as the core - if you don't like it, you can walk away) above any sense of ethical criteria leading to compensation.
Monday, January 2, 2012
Equality as the route to excellence in education?
Saturday, December 31, 2011
I had never thought about debt in this way...
Again, shame on me
Thursday, December 29, 2011
Wednesday, December 28, 2011
Does unemployment mean people want to work less?
http://economix.blogs.nytimes.com/2008/12/24/are-employers-unwilling-to-hire-or-are-workers-unwilling-to-work/
I am not convinced at all. I would say that the burden of proof is on the side of those arguing that unemployment in the current recession is coming from the supply side (workers not wanting to work). Given the importance of the issue, the evidence presented by Casey Mulligan is, in my opinion, circumstancial.
Further evidence:
http://www.nber.org/papers/w17584
Thoughts?
I am not convinced at all. I would say that the burden of proof is on the side of those arguing that unemployment in the current recession is coming from the supply side (workers not wanting to work). Given the importance of the issue, the evidence presented by Casey Mulligan is, in my opinion, circumstancial.
Further evidence:
http://www.nber.org/papers/w17584
Thoughts?
Tuesday, December 27, 2011
Nice article on the effect of politician's background on their political stand
Sunday, December 25, 2011
Merry Christmas
...may Ron Paul be wrong
Wednesday, December 21, 2011
Bribes
Some good practices seem to be catching...
http://evanlieberman.org/2011/12/21/i-paid-a-bribe-kenyan-website/
http://evanlieberman.org/2011/12/21/i-paid-a-bribe-kenyan-website/
Tuesday, December 20, 2011
Sunday, December 18, 2011
Rogoff on Capitalism
As expected, but note the conclusion, different from what I have ever heard from "mainstream" economists...
http://www.project-syndicate.org/commentary/rogoff87/English
http://www.project-syndicate.org/commentary/rogoff87/English
Saturday, December 17, 2011
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