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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.
Category: economics
My whereabouts
After a full week in very beautiful (and very hot) Seville, where inter alia I presented a paper at this year’s ESPE conference (I will dedicate of course a separate post to my Seville experience a.s.a.p,
→ Read more (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…).
And there was Alicante
… and with that also my very first time in Spain (though, with Seville and Barcelona to follow within the next few months, this will definitely be my ‘Spanish year’). The ‘city of lights’ was ultimately a pleasant surprise, although, to start with the lows, I thought it was already too hot for this time of the year–however, evenings were perfect–, the architecture of the city is really not my very favourite (I recall here an earlier post of Andy on Alacant–he was way more negative on the city looks— while I think there are also some nice spots), and if you happen to stay in one of the fancy hotels next to the Casino, the music/noise will not stop until 4:30 AM, only to restart at 7:30 AM with the hyperactive hotel housekeeping ladies… :-).
→ 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).