Regular readers of the blog will understand why I instantly thought of Matt Nolan when I read this quote:) Economics cannot answer questions of how much poverty is acceptable and fair, but it can help design more effective programs to increase the incomes of the poor
This article made my day. I am also picking Spain to win the world cup, but I am heavily biased since my mother is Spanish. It is good to know that my profression has my back on this one though:) So if the economists are right on this one we should expect to see Torres […]
Hot off the press from NBER, I was particularily interested in one of the main conclusions from the abstract: Results from a rudimentary instrumental variables strategy and accounting for whether sex is immediately preceded by alcohol use suggest that binge drinking directly leads to risky sex. Some binge drinking-induced promiscuity seems to occur among students, […]
….that is the justification offered by a Chinese journalist in this article related to the Google vs China row (blow by blow at Ars technica here). This quote is shocking: The Chinese society has generally less information bearing capacity than developed countries such as the U.S., which is an objective reality that no one can […]
In my wanderings I found this neat little example using dinner parties to explain two sided markets (source): The task facing a certain kind of entrepreneur these days is no more unfamiliar than the engineering of a successful dinner party. The French ambassador would never so much as respond to an invitation — unless you […]
Back in November (I need to post more often, lol) I posted about how retarded it was that the Fonterra auction was being blamed for low milk prices. Reading in the news today that prices on the acution are up 24%, I wonder if the auction will also be “blamed” for this change in prices? […]