An Entirely Hilarious Letter To The Guardian On Angus Deaton’s Inequality Inquiry For The...
I am not all that hopeful about Angus Deaton's plan to research inequality for the IFS. I've said so, elsewhere:
If our starting point,...
So, Who Pays Trump’s Tariffs On China? Americans, Obviously And Of Course
One of the greatest failures of understanding in trade economics is who is it that actually carries the burden of tariffs. Who is it...
No, Really, State Control Doesn’t Make An Economy – Nor People – Richer
It's entirely true that China - and here Vietnam - have become richer while still having substantial state ownership of firms and involvement in...
If Only Ed Conway Knew His Economics
Ed Conway is correct in that there is no great inequality crisis - of either income or wealth. But that doesn't excuse these two...
It’s True, People Have Fewer Children About The Time They Stop Being Farmers And...
This is something we all generally knew - or at least those who had any interest did. It's the move off the land and...
How Big? The Stimulus I Mean – No, The Economic Stimulus
So, as and when we get our next recession how big should the stimulus be to get us out of the recession? And what...
Producer Price Inflation Isn’t There – Thus No Change In Federal Reserve Policy
Whether and or when the Federal Reserve is going to change its monetary stance is one of those questions we'd like an answer to....
Finally, Someone Gets Tulipmania Right – Saving The Tulp Book For Holland
A standard critique of markets is that they're prone to wold miscalculations of "real" value.A prime example being Tulipmania when, as The Observer tells...
The World Uncertainty Index Is Rising – Thank EU Donald Trump
An interesting addition to the possible economic statistics e can monitor is the World Uncertainty Index. This measures the use of the word "uncertain"...
Men And Women Differ About Competition – A Cause Of The Gender Pay Gap
Than men and women have different - on average of course - appetites for risk is well known. That this extends to different attitudes...