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links for 2009-06-27
Economist's View —
... Bernanke Grilling May Weaken Case for Fed as Risk Regulator - Bloomberg
Wartime China - Daniel Little
Interview with Kevin Murphy - Federal Reserve Bank of Minneapolis
Why we shouldn’t subsidise clean-energy technologies - voxeu.org ...
Interview with Kevin Murphy
Marginal Revolution —
Via Mark Thoma, here is an interview with the ever-impressive Kevin Murphy. One excerpt, on the topic of medical R&D: What really does matter is the cost of treatment. If treatment costs
are $10 trillion, the project has a negative net present value even if
the research is free. With $2 trillion in treatment costs, the net gain
from success is $3 trillion, so that we would get a good return even if
the probability of success was one in 30. So when you think about
research, it’s not the dollars you spend that matter—what matters is
the cost of implementing the ...
Kevin Murphy Interviewed
EconLog: Library of Economics and Liberty —
Definitely worth reading , with a variety of topics covered. On one topic, he says It's difficult to look at, for example, the very low unemployment rates we saw in the early 2000s and say that represented an economy in which everyone was working. Unemployment rates were at roughly the same level that they were in the late 1960s, but if you look at prime-age males, the fraction actually working who were, say, 30 to 40 years old was quite a bit lower in 2001 because there was a big increase in the number who were out of the labor force in that age category. See also ...
Smartest man at Chicago
winterspeak.com —
Great interview of Kevin Murphy, the smartest person I met at Chicago (and that's saying something). Every time I listen to him, I learn something new. Latest learning (re: healthcare): ...
Monday's Daily News
Club for Growth —
... Wash Post
The Lawmakers Who Pushed Climate Bill to Passage - Bob Cusack, The Hill
Axelrod Waffles on Obama No-Tax-Hike Vow - Josh Gerstein, Politico
Carbongate - IBD Editorial
Obama to Colombia: Military Base Now, Free Trade Later - WSJ Editorial
The Government's Customers Deserve Better - Frank Ryan, CentralPennBusiness
The Pitfalls of the Public Option - Greg Mankiw, New York Times
Interview with Economist Kevin Murphy - Douglas Clement, Minneapolis Fed ...
Interview with Kevin Murphy
Greg Mankiw's Blog —
... Click here.
