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Monday, January 9, 2017

Narrative Economics and the Laffer Curve

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Robert Shiller delivered the Presidential Address for the American Economic Association on the subject of "Narrative Economics" in...
Friday, January 6, 2017

Bias Against Those From Less Wealthy Families: The Example of Mutual Fund Managers

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When you are thinking about investing in a mutual fund , here's an impolite but seemingly relevant question to ask: How wealthy were the...
Wednesday, January 4, 2017

What If US Importers and Exporters are Largely the Same?

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A lot of the US discussion about international trade seems to assume that we can simultaneously discourage the importers and encourage the e...
Monday, January 2, 2017

Engels Rebuts Malthus

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Thomas Malthus is best-known today for his classic 1789 work, "An Essay on the Principle of Population,"   where he predicted tha...
Sunday, January 1, 2017

Honest Abe Warns about Accuracy: Bulletin Board Material

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Every now and again, I'll post a cartoon suitable for tacking up on a bulletin board, or blending into an economics lecture. Here's ...
Friday, December 30, 2016

Improving How Job Markets Function: Active Labor Market Policies

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A more fluid labor market is socially valuable, because it helps unemployment rates stay lower and offers broader opportunity. Also, employe...
Thursday, December 29, 2016

The Diocletian Edict: Price-Fixing in History

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In the year 301, Diocletian, who was Emperor of the Roman Empire, enacted widespread price ceilings for many good. How did that work out One...