Quite a long essay of Paul Krugman on Milton Friedman, in the New York Review of Books. I must say I would only call “fascinating”, as Greg Mankiw does (with a shadow of irony, I’d like to hope; he couldn’t have read the entire article, otherwise), its first part, up to the 3rd section (part which is also well written and informative, I’d say, also for persons who did not have formal training in Economics).
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Prescott, Card and Mankiw on income and substitution effects (applied to USA vs. EU)
Without holding either a Nobel, a John Bates Clark, a chair in Economics or even a PhD in Economics for that matter (yet!- working hard to finish my thesis soon), I will adventure to state that I am inclined to agree with the argument put forward in a recent post by Greg Mankiw (which is also Ed Prescotts’s position, but not so much David Card’s).
→ Read more How rich are you?
If you ever wondered where do you fit in the global income distribution, here’s your chance to find out with only one click.
This and other very interesting “random observations” for all of us – life-time students of economics- are on the excellent blog of Greg Mankiw. → Read more
New, old and (always) exciting in science
Shortly back to blogging after quite a while… Today I’ll drop a few lines about some interesting science pieces, both new and old, but anytime exciting. Of course the selection is mine.
→ Read more An interview with Gregory Mankiw, back to Harvard after 2 years of being Chief Economic Adviser to Mr. Bush
What I find most interesting in this interview– next to the glimpse inside the White House having as guide a former Chief of the Council of Economic Advisers- is the part that characterizes Bush’s “economic thinking”.
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