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Tag Archives: Economics

‘Analyzing Environmental Benefits from Driving Electric Vehicles’

On the environmental benefits of electric cars: Analyzing environmental benefits from driving electric vehicles, by Stephen P. Holland, Erin T. Mansur, Nicholas Z. Muller, and Andrew J. Yates, Vox EU: After remaining relatively quiet for more than a century, the market for electric vehicles is undergoing a remarkable worldwide renaissance. This is most apparent in Norway, where the market share of electric vehicles has exceeded 15% of sales every month this year. Market shares are much...

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Links for 08-09-15

What Went Wrong in Macro – Overview - Paul Romer What Went Wrong in Macro – Historical Details - Paul Romer Mornings in America - Paul Krugman Why Krugman Should Not be Surprised - Dean Baker The backlash to the backlash against p-values - Noahpinion Follow-up: 'Cap and trade began as a Republican idea- John Whitehead Greek economy: How terrible? (Part 3) - Mean Squared Errors Problems with the Fraser Institute inequality study - WCI What Is Nature Worth to You? - The New York Times

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A simple theory of Singaporean complaints

Despite having one of the highest per capita incomes in the world, Singaporeans, believe it or not, have a few complaints.  Some of these are political, but others are economic, and many intertwine the two factors. Here’s a simple model which helps explain at least a few of these complaints.  The nicer a place Singapore becomes, the more it is flooded with outside capital and migration.  That raises the cost of land and thus rents and home prices.  Imagine if I didn’t own a home...

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Links for 08-08-15

Roots of Reaganolatry - Paul Krugman The Hole in the Middle of the Jobs Report - The New York Times Building the Living Wage Calculator - MIT News The Sharing Economy - Leisure of the Theory Class Historical Echoes: The Woman Who Would Be Bank - Liberty Street The Monetary Superpower Strikes Again - David Beckworth The H-P Filter and Unit Roots - Dave Giles “Global warming is a total, and very expensive, hoax!” - Capitalists, Arise: We Need to Deal With Income Inequality - NYT...

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China fact of the day

The scale and scope of the troubles are now pretty close to public information: Chinese exports fell far more than expected in July, along with imports, reinforcing expectations that the government will roll out more stimulus to support the world’s second-largest economy. Exports slumped 8.3 percent from a year earlier, weaker than expectations for a 1 percent decline in a Reuters poll, and reversing a 2.8 percent gain in June. Imports fell 8.1 percent, in line with expectations of an 8...

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Paul Krugman: From Trump on Down, the Republicans Can’t Be Serious

They're all nuts: From Trump on Down, the Republicans Can’t Be Serious, by Paul Krugman, Commentary, NY Times: This was, according to many commentators, going to be the election cycle Republicans got to show off their “deep bench.” The race for the nomination would include experienced governors like Jeb Bush and Scott Walker, fresh thinkers like Rand Paul, and attractive new players like Marco Rubio. Instead, however, Donald Trump leads the field by a wide margin. What happened? The...

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‘Inventing Prizes: A Historical Perspective on Innovation Awards and Technology Policy’

Kevin Bryan: “Inventing Prizes: A Historical Perspective on Innovation Awards and Technology Policy,” B. Z. Khan (2015): B. Zorina Khan is an excellent and underrated historian of innovation policy. In her new working paper, she questions the shift toward prizes as an innovation inducement mechanism. The basic problem ... is that patents are costly in terms of litigation, largely due to their uncertainty, that patents impose deadweight loss by granting inventors market power... (as...

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Will marriages for economic reasons become more or less common?

At the top of the income scale, perhaps they will become more common.  The more markets take on a superstar structure, with high returns at the very top, the more important it is to have an effective team of two.  That can mean hiring a good “coach,” or support spouse, rather than another high earner. On the other hand, if you are earning the subsistence wage no matter what, you might as well marry the person you want.

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Links for 08-07-15

America is on the wrong side of history - Joe Stiglitz Estimating Elasticities, All Over Again - Dave Giles Exchange rate appreciations and growth - Vox EU Historical Perspective on Innovation Awards... - A Fine Theorem The Bank, helicopter money and fiscal conservatism - mainly macro A Closer Look at the Decline in Government Expenditures - David Beckworth Chateaubriand and inequality: two centuries later - globalinequality Currency changes and contracts: Lessons for Greece - Vox EU...

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*The Almost Nearly Perfect People*

The author is Michael Booth and the subtitle is Behind the Myth of the Scandinavian Utopia; please note the book is (at times) as much tribute as critique.  I found it interesting and informative throughout, here a few passages: Right now, the Danes are especially preoccupied with role playing — dressing up like Gandalf or elves and acting out violent narratives deep in the woods with their foam “boffers” (the name given to role-play weapons).  There are also 219 folk...

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