I think this can be framed more effectively as , thinking of outcomes. S regulation is closer/more correlated (I think) to the outcome compared with that of L regulation, and that is why I think it is better!
I tend to agree with Tyler Cowen that individual moral propensities are less important than overall social context. [...]
ouch
The number of welfare claims unambiguously decreased, but at what cost? More education increases the value of your human capital which leads to higher wages and more self-sufficiency. The authors wonder if discouraging education might ultimately leave the women more dependent on state benefits than they would if education were encouraged. The trade-off is a [...]
More than any other recent Nobelist, Krugman is no stranger to the general public. I’m sure that his other role as a New York Times columnist and an outspoken critic of the Bush administration will be the lede in discussions of this prize. But the prize is given for scientific research, and economists of all [...]
One of the people whom I deeply respect, and his blog probably is a close third to (Brad Delong’s blog and Marginal Revolutions Blog) that I frequently link to, (the post that this follows was a link from his NYT blog).
I’d be lying if I said that I understood beyond the general principles his work [...]
These are the things that one needs to bring front and center to get people off their asses and start pressuring whoever they can pressure (congressmen etc). These are also the kind of stories that one needs to help people understand that in our world there is only THE STREET no main street and wall [...]
thanks to henry abott of truehoop for the pointer.
As prof Brad Delong say if you ask people from high school if its okay to tax rich people more they would be fine by that because back in high school nobody knew who was going to be rich. It seems the people who make money and [...]
I’ve always felt that the volume of businesses that get started is lower than it should be. It seems just nont as optimal, especially in my country where there is are no social safety nets. Lower the bar for starting and then gradually phasing them out I think is a push in the right direction.
October [...]
This surprised me, It seems that I’m swinging between feelings of how easy and hard achieving the MDGs is.
01 October 2008
What could a development economist buy for $700 billion?
Duncan Green puts the bailout in an international perspective:
To put the proposed Wall Street bailout into perspective. $700bn:
* Would clear the accumulated debt of the 49 poorest [...]
Let’s see. Is this part of the 5B deal with warren buffet, do some lobbying for the bailout.
Adding to the pressure on Congress to act were some of the nation’s biggest corporations, including Verizon Communications Inc., Microsoft Corp., and General Electric Co. GE Chief Executive Jeffrey Immelt is actively lobbying politicians and finance officials in [...]
History Repeating itself watch!
A petition was signed by 1028 economists in the United States asking President Hoover to veto the legislation, organized by Paul Douglas, Irving Fisher, James TFG Wood, Frank Graham, Ernest Patterson, Henry Seager, Frank Taussig, and Clair Wilcox.[5] Automobile executive Henry Ford spent an evening at the White House trying to convince [...]
Onthe8spot feed