→ Read moreWHEN you leave Szamos Ujvár, the road passes straight over a plain, with little or nothing to relieve the monotony. A Hungarian village or two, a nobleman’s mansion with the surrounding farm-buildings,-that is all, until the tall spire and the various towers of Klausenburg rise before you.
Category: quote
Econlinks
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Always wise thoughts from the one and only Kevin Murphy . If for some reason you haven’t heard of him yet, all you need to know is that Murphy holds comparative advantage in all forms of production.
(Many) Econlinks for the Weekend
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A nice, brief VoxEU note of Willem Buiter on negative nominal interest rates (and their potential desirability). Greg Mankiw also tackled the topic earlier.
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If you’re at all into arithmetics (and not only) you might like this concise exposé on very big numbers (think Ackerman series, Busy Beavers and the like if you are dubious about what “very big” stands for in this context…).
My first (and last) public karaoke performance
…represents the validation of my long held opinion that I have no comparative advantage whatsoever in this area. My team partner for this impromptu exercise, Ian Walker, among other things the current editor-in-chief of Labour Economics, performed rather reasonably, but there was no chance to ultimately rank decently among the brave competitors– my colleague economists from the Aarhus School of Business, some of them natural born karaoke stars– precisely because of teaming up with yours truly.
→ Read more Sunday night econlinks
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Cheaptalk post on the theory and history of open source software (with link in their text to the very interesting new NBER paper by Schwarz and Takhteyev)
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“A neat project would be to infer the extent of school spirit from the estimate of the price elasticity implied by the prices that different university cemeteries charge“– very much so, indeed– though looks only applicable/relevant for a few places in the USA (most likely unrepresentative even of the USA entire university universe, not to even mention Europe or others).