Monthly Archives: November 2013

Wesley Mouch Outcome

Detroit News reports, Fisker Automotive Inc. filed for Chapter 11 bankruptcy on Friday and the Energy Department sold its green-energy loan for $25 million to investor group Hybrid Tech LLC. Taxpayers will lose $139 million on the $192 million loan … Continue reading

Posted in public choice | Comments Off

Clever Policies, Hard to Execute

Timothy Taylor writes, But the EITC is a program that involves complex rules for eligibility and size of payments, much more complex than Social Security. The EITC is aimed at low-income people, many of whom have economic and personal lives … Continue reading

Posted in institutional economics, Timothy Taylor is my Favorite Blogger | 9 Comments

Vaclav Smil

Interviewed here. He comes across as the opposite of George Gilder, in that he is very much a materialist. we consume so many more products that there’s been no absolute dematerialization of anything. We still consume more steel, more aluminum, … Continue reading

Posted in Growth Causes and Consequences, Tyler Cowen is my Favorite Blogger | Comments Off

Hydraulic Modeling

[Irving] Fisher designed a hydrostatic machine to illustrate the economic “‘exchanges’ of a great city” that revealed the ways that the values of individual goods were related to one another. When Fisher adjusted one of the levers, water flowed to … Continue reading

Posted in books and book reviews, Economic History, statistical methods | Comments Off

Macro Wars: They’re Ba-a-a-ack!

Two pointers from Mark Thoma. 1. Simon Wren-Lewis writes, An alternative and I now think better, vision would give more emphasis to how economics developed. Economic history would play a central role. Economic theory would be seen as responding to … Continue reading

Posted in Mark Thoma is Indispensable, PSST and Macro | 1 Comment

Mc has soared

John C. Williams writes, since the start of the recession in December 2007 and throughout the recovery, the value of U. S. currency in circulation has risen dramatically. It is now fully 42% higher than it was five years ago … Continue reading

Posted in Monetary Economics, Timothy Taylor is my Favorite Blogger | 2 Comments

Competitive Government

We know that Balaji Srinivasan is an advocate. He links to a story in May that makes Google’s Larry Page sound like a fan. He also links to an October 3 interview with Marc Andreessen. “I think there is going … Continue reading

Posted in Libertarian Thought | 6 Comments

Failure is the Most Likely Option

Clay Shirky writes, Failure is always an option. Engineers work as hard as they do because they understand the risk of failure. And for anything it might have meant in its screenplay version, here that sentiment means the opposite; the … Continue reading

Posted in business economics | 7 Comments

Joel Mokyr on Economic Growth.

He talks with Russ Roberts. And so people were asking, could the Chinese have built a steam engine? And the basic answer, is: No, unless they had discovered what the Europeans discovered in the 17th century, which is the existence … Continue reading

Posted in Uncategorized | 3 Comments

Skeptics on Pre-School

Grover J. “Russ” Whitehurst writes, Unfortunately, supporters of Preschool for All, including some academics who are way out in front of what the evidence says and know it, have turned a blind eye to the mixed and conflicting nature of … Continue reading

Posted in Economics of Education, Tyler Cowen is my Favorite Blogger | 7 Comments