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an excellent (wide-audience targeted) article on the upside of income inequality, by Gary Becker and Kevin Murphy. Greg Mankiw also writes about it (and singles out exactly the fragment I wanted to single out).
Category: economics
Fun with Rogoff and Wolfowitz. And hedging against a (Presidential) change, in general
Amid all the scandal around the World Bank boss, Paul Wolfowitz and his (required/demanded/expected, by most) would or would not-be resignation, here’s a very recent leaked memo from him to his staff (Ken Rogoff has been rather careless and leaked it to the press :-)).
→ Read more New Blog Contest: Best Blog Entry on Inter-Ethnical Matters in Transylvania
As announced, I restate below the second part of the my previous post. Looking forward for a big number of enthusiastic participants!
Sebi Buhai (in collaboration with Dan, Lolka and Tihi, my colleagues from PhoenixTransylvania, who do not yet know about this, but I am sure will have nothing against it 🙂 ) is launching a new (smaller scale) blog contest.
→ Read more This blog is more popular than I thought. And a new blog contest!
Popularity is not at all something I am after (though I could start considering my running for the Romanian Presidency in the future- after all, so far, all you need for that is to be very popular:-)), as I immediately made clear when I was nominated to this “Clujblogfest”, a blog “competition” in my native city, Cluj-Napoca, Romania.
→ Read more On why you need Maths for Economics and in general
Some young but very ambitious students (yeah, yeah, some of you are reading this post on my blog right now :-)) have been asking me why would they need to know Maths if they want to become economists (in industry or academia) and what Maths courses are most suitable for them and how much Maths would they actually use in practice anyway…
These are very interesting and very pertinent questions and obviously they were asked and answered before.
→ Read more