Quotation of the Day…
… is from pages 8-9 of Mark Pennington’s 2011 book Robust Political Economy: Moreover, insofar as market failure theorists are right to focus on ‘incentive compatibility’, they fail to appy this analysis to their favoured instLike X
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Regulate choices not outcomes
Deep insight from Eugene White in this paper (HT: Scott Sumner) The fantastically costly failures of banks and other financial intermediaries are a consequence of appallingly bad choices made by managers. To gain unseemly executive compensation, manaLike X
Deep insight from Eugene White in this paper (HT: Scott Sumner) The fantastically costly failures of banks and other financial intermediaries are a consequence of appallingly bad choices made by managers. To gain unseemly executive compensation, manaLike X
Eugene White on banking: regulation or incentives?
At a recent economics conference I came across a fascinating paper by Eugene White, which discussed how incentives built into banking during the National Banking Era helped reduce risk taking. The paper changed my views more than anything else ILike X
At a recent economics conference I came across a fascinating paper by Eugene White, which discussed how incentives built into banking during the National Banking Era helped reduce risk taking. The paper changed my views more than anything else ILike X
About the GDP numbers
Our GDP numbers are notoriously unreliable, so keep that in mind as you read the following. There are two ways of estimating GDP; income and expenditure. The income numbers are considered more reliable, so naturally the press ignores them and repLike X
Our GDP numbers are notoriously unreliable, so keep that in mind as you read the following. There are two ways of estimating GDP; income and expenditure. The income numbers are considered more reliable, so naturally the press ignores them and repLike X
A Friday flash
Lynne Kiesling I found a lot of interesting and insightful thoughts in my morning reading today; here’s a synopsis: Election year linguistics 1: The New York Times has an analysis of the language used by Obama and the four presidential candidatLike X
Lynne Kiesling I found a lot of interesting and insightful thoughts in my morning reading today; here’s a synopsis: Election year linguistics 1: The New York Times has an analysis of the language used by Obama and the four presidential candidatLike X
For 'Black Nerds Everywhere,' Two Comedy Heroes
Keegan-Michael Key and Jordan Peele, longtime friends and comedy-show colleagues, are about to launch a new show on Comedy Central. They say their shared experiences as the biracial kids of single moms have often been a comedy gold mine.Like X
Keegan-Michael Key and Jordan Peele, longtime friends and comedy-show colleagues, are about to launch a new show on Comedy Central. They say their shared experiences as the biracial kids of single moms have often been a comedy gold mine.Like X
After Son's Sudden Death, Shock, Grief And Coping
Dennis and Buelah Apple came to StoryCorps to talk about their son Denny. Nearly 21 years ago, Denny came down with mononucleosis. Before going to bed one night, he took some medicine and talked about where he wanted to sleep.Like X
Dennis and Buelah Apple came to StoryCorps to talk about their son Denny. Nearly 21 years ago, Denny came down with mononucleosis. Before going to bed one night, he took some medicine and talked about where he wanted to sleep.Like X
Live By Debate, Die By Debate: Gingrich Challenge To Romney Stalls Where It Began
From his assault on food stamps to his eviscerating of the news media, Newt Gingrich literally brought crowds to their feet during last week's debates in South Carolina. For a moment, you could almost hear the rebel yell. But Florida has been a diffeLike X
From his assault on food stamps to his eviscerating of the news media, Newt Gingrich literally brought crowds to their feet during last week's debates in South Carolina. For a moment, you could almost hear the rebel yell. But Florida has been a diffeLike X
Foreign Policy: Don't Ask If The U.S. Is In Decline
Obama's remarks at the State of the Union Address have led to vigourous discussion on America's role in the world. Stephen M. Walt of Foreign Policy argues that the danger of assurances that America is on top will encourage policymakers to cLike X
Obama's remarks at the State of the Union Address have led to vigourous discussion on America's role in the world. Stephen M. Walt of Foreign Policy argues that the danger of assurances that America is on top will encourage policymakers to cLike X
New Republic: The Myth Of American Decline
At the State of the Union Address President Obama argued, "Anyone who tells you that America is in decline or that our influence has waned, doesn't know what they're talking about." Robert Kagan of The New Republic agrees with this assessmenLike X
At the State of the Union Address President Obama argued, "Anyone who tells you that America is in decline or that our influence has waned, doesn't know what they're talking about." Robert Kagan of The New Republic agrees with this assessmenLike X