Where’s the value in university education?

September 12, 2014

We’ve been thinking a lot about education here, about where the value is to our students. (Python anyone?) In a similar vein, Steven Pinker writes (lightly edited):

Read the rest of this entry »

The education business

September 12, 2014

Joe Foudy passes on this wonderful piece by Aswath Damodaran. One of the highlights (lightly edited):  Read the rest of this entry »

Why Argentina should not pay

September 6, 2014

Here’s an interesting take on the continuing saga from Juan Pablo Nicolini. I’ve taken some liberty with the translation, but believe this captures the spirit of his remarks:  Read the rest of this entry »

Graph of the day

August 25, 2014

Kim Ruhl passes on this graph of how many people woke up during the earthquake. One reason you want to learn to code: so you can do cool things like this.

Krugman compliments Cecchetti and Schoenholtz

August 25, 2014

Or does he?  

A new post by Cecchetti and Schoenholtz on core inflation reminds me that this concept, too, has been a huge success. Actually, I don’t think C&S get the argument for using some kind of core measure quite right.  

In my world, that’s as close as you want to come. Better yet, read the original.  

Selling kidneys

August 17, 2014

The Times has an interesting piece today about selling kidneys, which is always good for an argument. Let’s set it up with a poll: Should kidney sales be legal? Circle one of the following:  Read the rest of this entry »

Ghana discovers oil, trouble ensues

August 3, 2014

One of the curious facts about country performance is the so-called resource curse: countries that have lots of natural resources grow more slowly, on average, than those that do not. How can that be?   Read the rest of this entry »


August 2, 2014

If you’ve taken Global Economy, you’ve run across FRED: Federal Reserve Economic Data. It may be the best thing the Federal Reserve has ever done. If you want to know the latest employment number, the Brazilian exchange rate, or GDP per capita in Ghana — go to FRED, where you’ll get not only the data, but a nice graph. Add a phone app and an Excel add-in and you have the tool of choice for resolving economic debates instantly.

What you may not know is that it’s run, and run very well, by six people at the St Louis Fed. Yes, six people. Here’s the story.

Old Soviet joke

August 1, 2014

From Tim Taylor:

One can’t help but be reminded of the old Soviet joke about the collective farm director and his chickens. The chickens are dying at an alarming rate, so much so that Moscow sends in its top expert. “I have an idea,” the expert says. “Switch out the rectangular troughs for triangular ones.” He promises to come back in two weeks to monitor the progress. “So?” he asks on his return. “It didn’t work,” the director replies. “The chickens kept dying.” “I have a better idea,” the expert says. “Paint the coops green.” Two weeks pass, and he’s back. “The chickens kept dying,” the director says. Again, a new idea. Again he returns to hear that the chickens keep dying. One day, the expert comes back, and the director announces, “All the chickens are dead.” “What a shame,” the expert says. “I had so many more great ideas.”

Lots of good stuff at the link about the Russian economy, too.

Mike Spence on Bloomberg

August 1, 2014

Here’s the link, chopped into convenient pieces. Start with this one on the skills we’ll need in the future.


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