- Larry Summers on the state of the US economy, a 19th of Dec speech (PDF, 8 pages). The gist is that he recommends fast and aggresive monetary and fiscal stimulus (the latter, mainly through tax cuts), just like (but more detailed than) Martin Feldstein, see my previous post on that.
Category: books
Econlinks for 13-12-’07
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An article by James Surowiecki on the subprime crisis and the “band-aid” Paulson (partial), J.P. Morgan-like, solution. This while Greenspan thinks the bubble should first break on its own (and certainly differs here from Martin Feldstein, who advocates for a fast, two-act intervention, see my previous post on that)
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Here’s a very interesting post of Andrew Gelman (based on this co-authored article of his) on whether the Democrats should move, as an electoral strategy, more to the left on the economic policy axis.
Econlinks for 06-12-’07
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very sad for this country’s people, but otherwise a very concrete first level econ lesson for everybody. One can only hope that any other government passes ‘introductory economics’ before experimenting with policies (samples of which, for the same country, were featuring on my blog a while ago as well)…
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female leaders and what comes and what doesn’t, with that (with further links to very interesting recent PDF articles within the text)
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from the ‘exotic entreneurship’ stories cycle, another example mentioned in Tyler Cowen’s very well written book, Discover Your Inner Economist (see also my previous example from there).
Econlinks for 27-11-’07
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Becker and respectively Posner, on tax evasion. Why is tax compliance higher than one would expect (with a reservation here: it also follows from Posner’s argument than in fact tax evasion isn’t necessarily lower than rationally expected…) and is that mainly due to the rational fear of punishment or to the taxpayers’ feeling of moral duty/ fairness etc?
Quote for the week 18th to 24th of Nov ’07
During America’s experiment with Prohibition, it was common to see the following label on grape juice: Caution: May Ferment into Alcohol. The harvesting of grapes rose dramatically.
Tyler Cowen, “Discover your inner economist”
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