https://www.youtube.com/watch?v=0CVLVaBECuc#t=27
Where are the world’s tallest building?
21 Jan 2015 Leave a comment
in development economics, economic history, growth miracles Tags: Tallest buildings
R&D tax incentives: New evidence on trends and effectiveness | VOX, CEPR’s Policy Portal
21 Jan 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, entrepreneurship, survivor principle Tags: corporate welfare, Euroland, Eurosclerosis, R&D, R&D tax credits
Figure 1: No relation between a country’s innovativeness and R&D tax credits
Figure 2. Proliferation of R&D tax credits in Europe
via R&D tax incentives: New evidence on trends and effectiveness | VOX, CEPR’s Policy Portal.
How many times will Keynesian Economics reincarnate?
21 Jan 2015 Leave a comment
in economics
In this speech St Louis Fed President James Bullard says this crisis leads to 3 funerals and 1 wedding. 3 funerals are
- Great Moderation (also suggested by Acemoglu; though Bullard adds it is not a complete funeral as we still need more volatile data for more times ahead),
- financial markets (also suggested by Acemoglu though in different fashion – he says free markets are not the same as unregulated markets)
- monetary policy via nominal interest rate targeting as rates move towards zero. (I should add Bullard also in this list as St Louis/ Bullard are alternate members this time in 2009).
The wedding – the idea on the rise – is fiscal policy defined as more direct intervention in certain parts of the economy. I am actually seeing a lot of speeches/papers which suggest the same thing- rise of Keynesian policy. For instance see this recent comment by FRBSF…
View original post 217 more words
Bjorn Lomborg: Climate Change Is Real, But We Have Time
21 Jan 2015 Leave a comment
in environmental economics, global warming Tags: Bjørn Lomborg
Yet our climate conversation has been dominated by end-of-the-world thinking that bears no relation to the measured language of the IPCC.
While panic is a great way to raise awareness and win votes, it is a terrible starting point for making smart policies.
The best known scare story is Al Gore’s film An Inconvenient Truth, which was all the rage seven years ago.
Remember where he showed us how a sea-level rise of almost seven metres would inundate Holland, Bangladesh and Florida? Yes, it was terrifying. Yes, it had a huge impact. No, it had no basis in reality.
HT: Bjorn Lomborg: Climate Change Is Real, But We Have Time | The Global Warming Policy Forum (GWPF) and Bjørn Lomborg on realism in the latest IPCC climate report. – Project Syndicate.
HT:
Book Review: Children of Light ..How electricity changed Britain forever
21 Jan 2015 Leave a comment
in economics
People forget how recent electricity was in the early 20th century.
The Philippines used to suffer from intermittent power supply which greatly retarded its development. A stable electricity grid is a major factor declined behind the pinoy economic boom in the last 20 years.
Where I live there’s maybe a power outage once every second year maybe for 30 minutes because of the grid overload in the winter. It’s like stepping back into the dark ages for a couple of hours
This is an amazing historical account by Gavin Weightman. We take so many things for granted and forget how certain individuals and their struggles gave us things like electricity, automobile etc.
View original post 160 more words
Utopia, you are standing in it! 
Recent Comments