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Sunday, December 30, 2007

Types of Government Intervention into Private Markets

There are three types of government intervention in private markets: 1) to make sure the market works correctly (ie weights and measures rules: 2) to fix market failures after they have occurred; 3) to address injustices or inequalities of perfectly functioning markets.
Economist's View: Increased Calls for Government Intervention into Private Markets

Thursday, December 27, 2007

Math Magic

Math Magic - What Jamie Found

'nough said.

The World is not Flat

Charles Kenny looks at the differences between states and shows there is still a lot left to explain why development happens at different paces in different places. Buffalo County South Dakota has a per capita income of $5,213 and Marin County California has one of $44,962.




A One-Size-Fits-All Solution - New York Times

"A clean way to regulate mortgages going forward: the "opt out" solution for simple mortgages: A One-Size-Fits-All Solution - New York Times

Sunday, December 23, 2007

Exporting Pollution

One of the reason Europe and the US can feel good about reduced carbon usage is that they have exported polluting industries to China. It is hardly fair that Europe now turns around and blames China for increased use of coal.


Stocking coal | Free exchange | Economist.com

Thursday, December 13, 2007

The best excuse ever written

The root of the crisis.. was the fall of the Berlin Wall....

OpinionJournal - Featured Article

Greg Mankiw's Blog: How do the right and left differ?

Economics is not a hard science. Why do rational people look at the same facts in different ways? Economics cannot provide one answer. There are important normative questions.


Greg Mankiw's Blog: How do the right and left differ?

Mark Thoma responds.

Wednesday, December 05, 2007