Economics
Recommended economics writing
Labour day link exchange
Sep 6th 2010, 18:44 by R.A. | WASHINGTON
TODAY'S recommended economics writing:
• Wage inequality and exports (Vox)
• Retiring Fed official considers more bank action (New York Times)
• A monkey economy as irrational as ours (TED)
• Snapshots of the employment situation, August 2010 (Econbrowser)
• The sad absurdity of our economic debate (New Republic)
• China in the driver's seat (Nation)
• The cost of Bernanke's failure-aversion (Felix Salmon)
In this blog, our correspondents consider the fluctuations in the world economy and the policies intended to produce more booms than busts. Adam Smith argued that in a free exchange both parties benefit, and this blog's aim is to encourage a free exchange of views on economic matters.
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- Americas view | The Americas
- Babbage | Science and technology
- Bagehot's notebook | British politics
- Banyan | Asia
- Baobab | Africa
- Blighty | Britain
- Buttonwood's notebook | Financial markets
- Cassandra | The World in 2012
- Charlemagne's notebook | European politics
- Clausewitz | Defence, security and diplomacy
- Democracy in America | American politics
- Eastern approaches | Ex-communist Europe
- Free exchange | Economics
- Game theory | Sports
- Graphic detail | Charts, maps and infographics
- Gulliver | Business travel
- Johnson | Language
- Leviathan | Public policy
- Lexington's notebook | American politics
- Multimedia | Audio, video and videographics
- Newsbook | News analysis
- Prospero | Books, arts and culture
- Schumpeter | Business and management
Most commented
- Tibetans and the Chinese state: No power to pacify
- Birtherism 2012: To the nation born
- Syria: Moscow rules
- Hong Kong and the mainland: Dogs and locusts
- Israel and Iran: Closer to take-off
- Barack Obama, Catholics and contraceptives: The accommodation
- The Republican nomination: The Santorum surge
- Will the euro survive 2012 intact?
- Islam and homosexuality: Straight but narrow
- Catholics and contraceptives: Relishing the culture wars
Over the past five days
Most recommended
- America, Syria and the UN: This is what foreign-policy success looks like
- Scientific publishing: The price of information
- JAS's cartoon: The week ahead
- Quick Study: Daniel Kahneman on economic decision-making: Can we ever trust instinct?
- Syria: Moscow rules
- Syria's crisis: The UN stands divided
- JAS's cartoon: Auditions for the Elysée
- Etymology: Etymology man!
- Protests in Cairo: The beautiful game turns ugly
- Competition in Chile: The shine comes off
Over the past seven days
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Readers' comments
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So the president has decided to create more jobs for illegals and build rural airports to aid drug smugglers?
Regarding the $50 billion infrastructure investment plan:
I just saw a snippet about this, and it said "six year, $50 billion plan." Anyone else feel like a conscious effort was made to avoid a five year plan?
Re: The sad absurdity of our economic debate (9/3/10)
"Does yesterday’s rhetorical contortions suggest the White House needs to do a better job with its message? Yeah, probably."
What a difference Obama's Labor Day speech will make. I really wish R.A. had asked for a $50 billion infrastructure investment package sooner.
Well, that was fast. Happy labor day, folks.
Re: Snapshots
Cute charts. I can get them at the St. Louis Fed.
How about a chart of the number of employees that are employed full-time?
The number of full-time employees dropped by 254,000 in August.
Regards
Re: Bernanke's cost
I believe that nobody wanted Lehman, even with a loan from the Fed.
Fuld had the time from the Bear Stearns takeover until his firm's demise to sell his company.
"Paulson did the same, exhorting Fuld to cash out while he could...
...Having seen Jamie Dimon snatch Bear Stearns for a song, no one else on the Street wanted to pay retail... ...During the month of June the stock fell from 37 to 20."
p139 "The End of Wall Street" - John Lowenstein
"Paulson spent Wednesday fielding call from politicians hostile to even the suggestion of a bailout; the presidential contenders, Barak Obama and John McCain; Nancy Pelosi; Chuck Schumer; Republicans; Democrats. Sentiment against helping Lehman had coalesced in a form rately seen on Capitol Hill: fervent and bipartisan."
p169 - ibid.
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Seems people with thier own agenda - Mr. Cassidy and Mr. Salmon - have forgotten the history and the mood of the time.
Regards