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The growing case for a jobless recovery
The growing case for a jobless recovery
macroblog.typepad.com — The Wall Street Journal repeats the unhappy news : "Companies across the economy are holding off on hiring even as the profit outlook improves, amid economic uncertainty and their own success at raising productivity in rough waters. "Hiring ... (more) The growing case for a jobless recovery
Elinor Ostrom and the well-governed commons
marginalrevolution.com — Elinor Ostrom may arguable be considered the mother of field work in development economics.  She has worked closely investigating water associations in Los Angeles, police departments in Indiana, and irrigation systems in Nepal.  In each ... (more) Elinor Ostrom and the well-governed commons
Global Warming in SuperFreakonomics: The Anatomy of a Smear
freakonomics.blogs.nytimes.com — Our critics accuse us of manipulation and cherry-picking and misrepresenting a variety of arguments about climate change and energy production. If everything they said was actually true, it would indeed be a damning indictment. But it's not. (more) Global Warming in SuperFreakonomics: The Anatomy of a Smear
Meriwether in new hedge fund
ft.com — Published: October 22 2009 00:03 | Last updated: October 22 2009 00:03 John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund – his third. The move comes barely ... (more) Meriwether in new hedge fund
Crisis Compels Economists To Reach for New Paradigm
Crisis Compels Economists To Reach for New Paradigm
online.wsj.com — Jesse Neider for the Wall Street Journal Yale economist John Geanakoplos has seen his previously obscure theory about collateral's role in the credit bubble gain currency after it burst. (more) Crisis Compels Economists To Reach for New Paradigm
Sympathy for the Treasury
interfluidity.com — It worked! Officials pointed to a lot of good news in terms of visible cash flows associated with TARP and the various assistance programs. They claimed that since the Obama administration has taken office, more money has come back than has been put ... (more) Sympathy for the Treasury
Oliver Williamson and the pin factory
marginalrevolution.com — In Adam Smith there is the pin factory and the market and from that beginning we trace the long literature in economics focused on the twin questions, What price to set?  How much to produce?  Following Coase, Williamson asks different ... (more) Oliver Williamson and the pin factory
What This Year's Nobel Prize in Economics Says About the Nobel Prize in Economics
freakonomics.blogs.nytimes.com — The reaction of the economics community to Elinor Ostrom's prize will likely be quite different. The reason? If you had done a poll of academic economists yesterday and asked who Elinor Ostrom was, or what she worked on, I doubt that more than one in ... (more) What This Year's Nobel Prize in Economics Says About the ...
Wall Street Smarts
Wall Street Smarts
nytimes.com — “IF you really want to know why the financial system nearly collapsed in the fall of 2008, I can tell you in one simple sentence.” The statement came from a man sitting three or four stools away from me in a sparsely populated Midtown bar, where I was ... (more) Wall Street Smarts
How Moody's sold its ratings -- and sold out investors
How Moody's sold its ratings -- and sold out investors
mcclatchydc.com — WASHINGTON -- As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge ... (more) How Moody's sold its ratings -- and sold out investors
November 4, 2009
federalreserve.gov — Release Date: November 4, 2009 For immediate release Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on ... (more) November 4, 2009
Uncle Sam Adds 5% to Prices of Homes, Goldman Says
blogs.wsj.com — Uncle Sam’s interventions in the housing market have pushed home prices 5% higher on a national average than they would have been otherwise, Goldman Sachs estimates in a report released late Friday. The government over the past year has slowed the ... (more) Uncle Sam Adds 5% to Prices of Homes, Goldman Says
Midnight Candles Gross November
pimco.com — Midnight Candles Gross November (more) Midnight Candles Gross November
Curious Meeting at Treasury Department
nakedcapitalism.com — The Treasury invited a small group of bloggers for a “discussion” with senior officials on Monday. Initially, the meeting was to be background, which is a sort of journalistic “FYI but you can’t use it” but we were told ... (more) Curious Meeting at Treasury Department
Nobel Odds
gregmankiw.blogspot.com — Here are the odds offered at Ladbrokes , the UK-based gambling company, for some candidates for this year's Nobel prize in economics: Eugene Fama 2/1 Paul Romer 4/1 Ernst Fehr 6/1 Kenneth R. French 6/1 William Nordhaus 6/1 Robert Barro 7/1 Matthew J ... (more) Nobel Odds
Bill Moyers Journal . Watch & Listen
Bill Moyers Journal . Watch & Listen
pbs.org — Choose Video Kaptur and Johnson Kaptur and Johnson Lobbyists Essay: The Health Care Lobby Charles Houston Remembering Charles Houston Update Required Sorry in order to watch this video clip you need the latest version of the free flash plug in. ... (more) Bill Moyers Journal . Watch & Listen
What happened to global warming?
What happened to global warming?
news.bbc.co.uk — This headline may come as a bit of a surprise, so too might that fact that the warmest year recorded globally was not in 2008 or 2007, but in 1998. But it is true. For the last 11 years we have not observed any increase in global temperatures. And our ... (more) What happened to global warming?
Economic governance: the organization of cooperation
Economic governance: the organization of cooperation
nobelprize.org — 12 October 2009 The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2009 to Elinor Ostrom Indiana University, Bloomington, IN, USA,"for her analysis of economic ... (more) Economic governance: the organization of cooperation
Dollar Reaches Breaking Point as Banks Shift Reserves (Update3)
Dollar Reaches Breaking Point as Banks Shift Reserves (Update3)
bloomberg.com — Oct. 12 (Bloomberg) -- Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign ... (more) Dollar Reaches Breaking Point as Banks Shift Reserves ...
David R. Henderson: A Nobel for Practical Economics
online.wsj.com — DAVID R. HENDERSON Yesterday's award of the Nobel Prize in economics to Elinor Ostrom and Oliver Williamson at first struck me as a good choice. Now I think it's a great choice. The reason is that mainstream economics has become highly mathematical ... (more) David R. Henderson: A Nobel for Practical Economics