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So I’ve started reading the moral philosophy and economics book I was discussing, and on the eighth page I found this quote: The idea that studying ethics could help people do economics or policy analysis may seem far-fetched. Why not consult tarot cards instead? Now I do not agree with the first part of the […]
I just watched the Jim Cramer vs Jon Stewart showdown on The Daily Show and I’m just not as impressed as some others. Stewart’s real problem with Cramer seems to be that he should have known that the meltdown was coming and told his viewers. By advising them to buy stock that he should have […]
Topic: Seeing the future: Prediction markets and the wisdom of crowds Speaker: Matt Burgess, Chief Executive, iPredict Date: Monday 23 March 2009 Venue: Level 17, Chapman Tripp, 10 Customhouse Quay, Wellington (please note that there is no access to the building after 6pm) Time: Refreshments from 5:30pm, seminar at 6pm RSVP: to: angela.bamford@bellgully.com (please note […]
Macroeconomics may have incentive problems, and there may be a lot of room for improvement or refocus, but I think saying that “contemporary macroeconomic theory has failed” is going too far. Now, I’ve shown myself to be no fan of some of the economics that has, and will, be performed – I quoted approvingly when […]
There’s an interesting post at the NYT’s economics blog about the environmental cost of living in a city: In almost every metropolitan area, we found the central city residents emitted less carbon than the suburban counterparts. … cars represent … one-third of the gap in carbon emissions between New Yorkers and their suburbanites. The gap […]
Roger J Kerr at the Rates Blog uses the following graph to state that GDP growth will recover sharply over the coming year. Source (Rates Blog) Although it is a pretty picture – it only tells us part of the story. And it does not imply that we will see a sharp rise in economic […]