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Joe Stiglitz comes forward with a set of sound arguments for the fact that prizes are much better than patents in medical research (and not only). Greg Mankiw wonders (and he’s got a big point there…) how to support those prizes other than via higher tax rates (I don’t think the competence of the prize committee is a problem…).
Category: economics
Economic debate on the role of democracy for economic growth and on the role of human capital for democracy
… hosted by the Wall Street Journal. The two debaters are established stars of the Economics academe, despite being relatively young still, Daron Acemoglu and respectively, Edward Glaeser (by the way, I bet on Ed Glaeser winning this edition’s (2007) John Bates Clark Medal– it is also his last chance, given the rules regarding the age of the recipient; Daron Acemoglu was the latest winner, two years ago).
→ Read more Econlinks for 15-03-’07
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Quite an interesting article in last week’s print edition of The Economist about divorce as a business. Essence: it really matters where the divorce is pronounced (tip: don’t choose England if you’re the rich(er) spouse…).
Econlinks for 08-03-07
- Bernard Salanié on general financial (il)literacy. Vraiment incroyable!
- Hal Varian on the future of leisure…that never arrived. I pretty much agree with every single line Varian writes in there.
Sometimes learning is costly…but always worthwhile!
This is about a nice interview with Economics Nobel Laureate Myron Scholes, in the WSJ Editorial Page. I think the way the interviewer introduces Scholes is just great:
You know him better as a winner of the Nobel Prize in economics.
→ Read more