I say “Ernst Fehr, Matthew Rabin, and Richard Thaler for their contributions to behavioral economics“ (I even bet 3$ on this, but for some yet unclear reason that pool has closed, with my money returned).
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Blog birthday. Senses. And jazz.
Born in the anonymity of the blogosphere 5 years ago, this weblog grew up a curious, motivated, and responsible toddler: its (no longer) secret ambition remained no less than saving the world– despite repeated trials of dissuasion by its author, who once foolishly pledged allegiance to the infusion of blogs about nothing.
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Acemoglu on how nations can get rich: “Fix incentives and you will fix poverty. And if you wish to fix institutions, you have to fix governments“
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Blogossary. With some definitions completely redundant.
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.
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Greg Mankiw’s memo to the President-Elect; there is a chance Obama might actually listen, given how fast Mankiw’s comment changed things here :-).
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The secret pleasures of Dr. Doom: and you still wonder why Roubini has so many fans among the young economists?!