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Tuesday, November 30, 2010

Finding a Post-Crash Economic Model - WSJ.com


The limits to economic forecasting should be self evident after the events of the last three years. Now even non behavioral economists accept this fact.

Monday, November 29, 2010

Tuesday, November 23, 2010

Fake Taliban

"And the end of the fight is a tombstone white, with the name of the late deceased, And the epitaph drear: 'A fool lies here who tried to hustle the East.'

-Kipling"

Cogitamus: We Negotiated With Fake Taliban Leader in Afghanistan, and Gave Him Piles Of Money. Can We Go Home Now?:


Monday, November 22, 2010

What Good is Wall Street?

Wall Street, investment bankers, and social good : The New Yorker

Lobbying Explained

The Politics of the Mortgage Interest Deduction, Arnold Kling | EconLog | Library of Economics and Liberty: "What looks like a small, sensible reform to someone not involved in lobbying takes on enormous significance to the lobbying group. Thus, seemingly sensible reforms that both parties might support can be as difficult to enact as more comprehensive measures. Again, this is also true for trying to trim public sector employee compensation or for trying to reform entitlements. The lobbyists fight small reforms just as vigorously as they fight larger changes."

Monday, November 15, 2010

Wandering Mind Is a Sign of Unhappiness

There's an app for that...
The happiness app.

Wandering Mind Is a Sign of Unhappiness - NYTimes.com

Where Obama went wrong

EconoSpeak: The Finance Perspective: "My guess is that Summers, like the others who cashed in during the boom (and may be re-cashing today), really, truly believes that the people who have made him rich are doing the Lord’s work. Finance, for him, remains the command center of economic life, and it is necessary that smart people operate these controls and are given the latitude to get the job done. As is usually the case with ideology, it isn’t possible to disentangle the intellectual sources of belief from those of expediency."

The Science of Success

Good news for lazy parents.

The Science of Success, Bryan Caplan | EconLog | Library of Economics and Liberty