The importance of not having dumb policy regimes
06 Nov 2021 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, international economic law, international economics, labour economics, Public Choice, rentseeking, survivor principle Tags: The Great Enrichment
Falcon 9: SpaceX’s Reusable Rocket
05 Nov 2021 Leave a comment
in entrepreneurship, transport economics Tags: space
Bouncing Back: The Role of Social Safety Nets
03 Nov 2021 Leave a comment
in applied price theory, economics of education, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice Tags: poverty traps
I usually stop reading at the first mention of the @UN
02 Nov 2021 Leave a comment
in applied price theory, development economics, economic growth, economics of bureaucracy, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, international economics, macroeconomics, Marxist economics, Public Choice, public economics, rentseeking Tags: capitalism and freedom, The Great Enrichment, top 1%
A Million Mutinies: The key to economic development |Robert Lucas 2001
02 Nov 2021 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of education, entrepreneurship, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, macroeconomics, occupational choice, poverty and inequality, property rights, Public Choice, public economics, rentseeking, Robert E. Lucas, unemployment Tags: economics of immigration, The Great Enrichment
Compensating differences in wages and work intensity
01 Nov 2021 Leave a comment
in Adam Smith, Alfred Marshall, applied price theory, economic history, entrepreneurship, history of economic thought, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, survivor principle Tags: compensating differences
Edward Glaeser on Survival of the City
01 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, economics of bureaucracy, economics of crime, economics of education, economics of regulation, entrepreneurship, human capital, income redistribution, industrial organisation, international economics, labour economics, labour supply, law and economics, occupational choice, poverty and inequality, property rights, Public Choice, public economics, rentseeking, survivor principle, transport economics, urban economics
The High Cost of Good Intentions with John F. Cogan: Perspectives on Policy
31 Oct 2021 Leave a comment
in economic history, entrepreneurship, financial economics, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, occupational regulation, poverty and inequality, Public Choice, survivor principle, unemployment, welfare reform Tags: taxation and labour supply
What was the industrial revolution?
28 Oct 2021 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of education, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, human capital, industrial organisation, international economics, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Robert E. Lucas Tags: economics of fertility, industrial revolution, The Great Enrichment
Finn E. Kydland’s (Nobel Laureate) Speech at the WHU – New Year’s Conference 17
27 Oct 2021 Leave a comment
in budget deficits, business cycles, development economics, econometerics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Robert E. Lucas Tags: real business cycles
Lecture 5: Firm-level misallocation: benchmark model and early results
27 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic growth, economic history, entrepreneurship, growth disasters, growth miracles, human capital, industrial organisation, labour economics, labour supply, macroeconomics, occupational choice, survivor principle
How intangible capital may explain rising labour productivity during recessions
26 Oct 2021 Leave a comment
in applied price theory, business cycles, economic growth, economic history, Edward Prescott, entrepreneurship, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics
“The sharp drop in intangible investment contributes to a decline in actual economic output greater than that measured by official government GDP accounts. This implies that in the actual U.S. economy, true labor productivity declined significantly during the recent recession—a finding consistent with established aggregate theory based on the neoclassical model of economic growth. Thus, McGrattan and Prescott’s experiment solves the labor productivity puzzle by reconciling the apparent mismatch between theory and economic data that show labor productivity bucking the GDP trend. “The addition of intangible capital and non- neutral technology to the model was crucial in accounting for high productivity and low GDP during the period,” they write.”
From https://www.minneapolisfed.org/article/2012/unmeasured-investment
How the Labor Market Adjusts to Technological Shocks (Lessons from Hoover Boot Camp) | Ch 3
26 Oct 2021 Leave a comment
in applied price theory, economic growth, economic history, economics of education, economics of regulation, entrepreneurship, health and safety, history of economic thought, human capital, industrial organisation, labour economics, labour supply, market efficiency, minimum wage, occupational choice, occupational regulation, personnel economics, poverty and inequality, survivor principle, unemployment
Daron Acemoglu on How Inequality Weakens Nations
26 Oct 2021 Leave a comment
in applied price theory, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, economics of education, economics of regulation, entrepreneurship, financial economics, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, macroeconomics, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle
Utopia, you are standing in it! 
Recent Comments