Din cand in cand mai auzim si vesti excelente legate de Romania si- chiar- de politica ei (citit astazi pe site-ul Ad-Astra). Cel putin la o prima vedere. Raman sceptic referitor la intentiile si abilitatile domnului Basescu (un scepticism diferit de cel al lui Octavian Paler insa, ar trebui sa se subinteleaga…), dar cu asemenea initiative creste mult in ochii mei.
→ Read more Economics and bikini waxing
I somehow overlooked last time (and so did Financial Times, apparently…) pointing out this excellent piece of advice from Tim Harford on… bikini waxing. Yet another proof that economics can also deal very well with more e(x,r)otic topics.
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Costi Rogozanu are un articol excelent, scurt si concis, despre ziaristii eroi si ziaristii…ziaristi. Vezi si cateva posturi din ultima perioada (si nu numai) ale lui Sorin pe pagini.com , despre ce e si ce nu e jurnalismul in Romania.
Deep Fritz is doing great…
…helped by luck.
Thanks to an incredible blunder of Wladimir Kramnik in the second game, Deep Fritz is leading after three games. Three more chances for Kramnik to take home the second half of the million $
→ Read more On raising the federal minimum wage in the USA
I largely agree with Gary Becker and Richard Posner with reference to the Democrat proposal for raising the minimum wage in the USA. Despite the fact that the proposal is also supported (and to some extent, ignited to start with) by many remarkable economists, I do not think there is any undisputed, clear, evidence that the benefits would outweigh the costs, and moreover there are better alternatives that can be used towards the same (declared) goals (as, for instance, the Earned Income Tax Credit, first championed as the “negative income tax” by the late Milton Friedman; as Posner discusses in his post mentioned above, why not work towards making that more generous, since the EITC is probably a less inefficient tax than the minimum wage).
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