Monthly Archives: April 2016

Health Insurance Clientele Effects

In a comment, Spencer wrote, You just can not resist claiming that firms were required to provide health insurance. It may not matter whether you think of firms as obligated to provide health insurance or as incentivized to provide it. … Continue reading

Posted in Economics of Health Care | 12 Comments

Robert Solow on the Casualization of Labor

He writes, The proportion of part-time workers has been rising: both those who prefer it that way and those who would rather have a full-time job. So is the number of temporary workers, whether employed through agencies or on their … Continue reading

Posted in labor market | 21 Comments

Axel Leijonhufvud vs. MIT Economics

He writes, For concreteness, think of a controlled experiment in a natural science as an example of a closed system. The conditions of an experiment controlled in this sense are never met or approximated in macroeconomics. (Adding more variables to … Continue reading

Posted in Economic education and methods, Mark Thoma is Indispensable | 3 Comments

From Genes to Institutions?

According to Jason Collins, Oded Galor and Quamrul Ashraf will soon write, there is little evidence to support the claim that the variation in institutions across societies is driven by differences in their endowment of specific genetic traits that might … Continue reading

Posted in books and book reviews, Jason Collins is Indispensable | 7 Comments

Racism Everywhere

Carlos Lozada writes, “So many prominent Americans, many of whom we celebrate for their progressive ideas and activism, many of whom had very good intentions, subscribed to assimilationist thinking that has also served up racist beliefs about Black inferiority,” Kendi … Continue reading

Posted in books and book reviews | 12 Comments

Why Fewer Publicly Traded Firms?

Alex Tabarrok writes, The total number of firms has dropped far less than the number of publicly traded firms, so in part this is probably due to laws affecting publicly traded firms in particular such as Sarbanes-Oxley. But there has … Continue reading

Posted in Four Forces Watch | 9 Comments

PSST: the idea is spreading

Mark Muro writes, Adjustment happens, but it’s a far more painful process than the models and textbooks have imagined. Policy, and the economists, should take it seriously. Pointer from Mark Thoma. Difficulty with adjustment is the essence of the PSST … Continue reading

Posted in Mark Thoma is Indispensable, PSST and Macro | 14 Comments

The Rise of Mortgage Credit

Describing on a paper by Oscar Jorda and others, John Hamilton writes, This “hockey stick” in mortgage lending was accompanied by a similar pattern in real house prices. These too had been largely stable for nearly a century. Since 1950, … Continue reading

Posted in Housing and housing finance | 3 Comments

Earth Day Thoughts

Environmentalists and economists share a common interest in the use of scarce resources. However, environmentalism all too often lapses into primitivism, which is the instinct that humans should revert to prehistoric lifestyles. For example, consider an ethic of leaving nature … Continue reading

Posted in energy and the environment | 14 Comments

American Economic Geography

In the NYT, Parag Khanna writes, The Northeastern megalopolis, stretching from Boston to Washington, contains more than 50 million people and represents 20 percent of America’s gross domestic product. Greater Los Angeles accounts for more than 10 percent of G.D.P. … Continue reading

Posted in Tyler Cowen is my Favorite Blogger | 23 Comments