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NYU Stern business school economists on the crisis, pinning down the real causes much to the same factors as Caballero did (1st bullet point). The book they advertise will certainly be widely read.
Author: Sebi Buhai
Broccoli, pornography, and Kant
Very interesting and well done Hoover Institute review by Mary Eberstadt, “Is Food the New Sex?“, though my feeling is that Economics would have way better tools to address the questions raised here than Philosophy, Kantian categorical imperative notwithstanding…
Thanks to Fred for the link!
→ Read more Unza Unza Time!
No matter what fans of the old Zabranjeno Pušenje think of their rather recent facelift, i.e. the Kusturica & No Smoking Orchestra, I simply love their music (inter alia, they created the soundtrack for “Crna macka, beli macor”, one of my all time favourite movies). → Read more
Sunday evening econlinks
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A WSJ article by Reinhart and Rogoff, on what past crises around the world might teach us for the current crisis. It really ain’t lookin’ that good… I have obviously attended Ken Rogoff’s presentation of this research at the recent ASSA in San Francisco.
A Blog Stimulus
And since everybody’s concerned about the fiscal stimulus & co…, here’s the likely-to-be-best proposal in that realm (via MR). And here’s an absolutely great quote from it, to memorize over the weekend and save for future reference:
With sufficient momentum we can make sure the stimulus is not wasted on filling in freshly dug holes, fixing the environment or building bridges to nowhere – all things that the market is perfectly capable of doing by itself.
→ Read more