Monday , February 27 2017
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The author Mark Thoma
Mark Thoma
Mark Allen Thoma (born December 15, 1956) is a macroeconomist and econometrician and a Professor of Economics at the Department of Economics of the University of Oregon. Thoma is best known as a regular columnist for The Fiscal Times through his blog "Economist's View", which Paul Krugman called "the best place by far to keep up with the latest in economic discourse", and as an analyst at CBS MoneyWatch. He is also a regular contributor to EconoMonitor.

Mark Thoma

Arrow, Edgeworth, and Millicent Garrett Fawcett

Rajiv Sethi: Arrow, Edgeworth, and Millicent Garrett Fawcett: There's not much one can say about Kenneth Arrow that hasn't already been said, but there's one personal story that I can add to all the tributes and remembrances.  I met Arrow just once, at a Stanford conference in April 2008 that he and Matt Jackson jointly organized. While everyone else was seated around the outside of a large ring of tables, Arrow was on the inside, directly in front of the speaker. He was...

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Farewell to Kenneth Arrow, a Gentle Genius of Economics

In case you couldn't get to the WSJ article by Larry Summers, written in tribute to Kenneth Arrow, here's an open link: Farewell to Kenneth Arrow, a Gentle Genius of Economics: My mother’s brother, the Nobel economist Kenneth Arrow, died this week at the age of 95. He was a dear man and a hero to me and many others. No one else I have ever known so embodied the scholarly life well lived. I remember like yesterday the moment when Kenneth won the Nobel Prize in...

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Links for 02-25-17

Maid In America - Paul Krugman The NAIRU: a response to critics - mainly macro Farewell to Kenneth Arrow, a Gentle Genius of Economics - Larry Summers Economists Have Been Demoted in Washington. That’s a Bad Idea. - NY Times Manufacturing Exports—Excluding NAFTA—Are Surprisingly Small - Brad Setser The Future of Not Working - The New York Times How organizations adapt - Understanding Society Trumponomics and the S&P 500 - VoxEU Roger Farmer’s Prosperity for All - Uneasy Money The...

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Paul Krugman: Death and Tax Cuts

"So why do Republicans hate Obamacare so much?": Death and Tax Cuts, by Paul Krugman, NY Times: Across the country, Republicans have been facing crowds demanding to know how they will protect the 20 million Americans who gained health insurance thanks to the Affordable Care Act... And after all that inveighing against the evils of Obamacare, it turns out that they’ve got nothing. ... After years to prepare, Mr. Ryan finally unveiled what was supposedly the outline of a health...

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Have Blog, Will Travel

I am here today: NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. EF&G Research Meeting Laura Veldkamp and Jon Steinsson, Organizers February 24, 2017 Federal Reserve Bank of New York 33 Liberty Street New York, NY PROGRAM  Friday, February 24: 9:00 am Matthias Kehrig, Duke University Nicolas Vincent, HEC Montreal Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data Discussant: Virgiliu Midrigan, New York University and NBER 10:15 am Daniel Garcia-Macia,...

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Links for 02-24-17

The Jobs Americans Do - The New York Times Three Questions on R-star - John Williams On the fickleness of capital flows - VoxEU Divided ... - Understanding Society Ignoring people - Stumbling and Mumbling Wasteful Health Care Spending - Tim Taylor The global dimension of banking crises - VoxEU Bastiat anticipates climate science denialism - Crooked Timber What’s the problem a U.S. corporate tax cut will solve? - Equitable Growth “Banks Will Have Even More Ability to Write...

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Whom to Listen to in the Fed Minutes

Tim Duy: Whom to Listen to in the Fed Minutes: When it comes to the meetings of the Federal Open Market Committee, not all central bank policy makers are created equally. There are “participants” -- all the policy makers in the room -- and there are “members,” those who have a vote. It is important to keep this distinction in mind when reading the minutes of the FOMC meetings -- especially because many of the more hawkish members of the Fed are participants, not members....

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Justifying Health Insurance

Jonathan Baron at RegBlog: Justifying Health Insurance: Recent discussions about revising or replacing the Affordable Care Act (ACA) raise philosophical questions about the rationale for having a health insurance system. Among these philosophical questions are the extent to which such insurance should be compulsory, and, relatedly, the extent to which the cost of compulsory insurance should depend on risk and ability to pay. As lawmakers continue to debate the path forward for health...

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Links for 02-23-17

The Greatest Living Economist Has Passed Away - A Fine Theorem Major Malinvestments Do Not Have to Produce Large Depressions - Brad DeLong The IMF’s Work on Inequality: Bridging Research and Reality - iMFdirect Some Fed Members Back Quicker Move on Rates - The New York Times China’s Estimated Intervention in January - Brad Setser Agriculture in Sub-Saharan Africa - Tim Taylor Missing markets - Stumbling and Mumbling Money Shouldn't Choose the Next Fed Chair - Narayana Kocherlakota...

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