Month: October 2007

Econlinks for 04 Oct ’07

  • Rules vs. discretion: Posner continues Becker‘s entry on rules versus discretion in the context of central banks’ decisions, but by doing so he also provides an excellent general discussion on the law and economics of the subject.
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On Cluj, property prices and (local) ambitions

I’d have many problems with some of the ideas put forward in there (eg. Emil Boc’s role in Cluj’s development for instance is highly overrated– a cost-benefit analysis would most likely arrive at the opposite conclusion; the whole idea of the article is to convince people to invest in advertised property on that site, hence the general upward bias in the assessment; there is then the entirely ignored idea of spurious rises in property price, aka a possible bubble on everybody’s language etc.–
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