Anti-Dismal

A blog on all things to do with economics and related subjects

Tuesday, 31 January 2017

How old is behavioural economics?

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I came across an interesting paper the other day that suggests behavioural economics is older than most people think. The paper "The Re...
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Wednesday, 25 January 2017

The populist parallels of Sanders and Trump

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From the Cato Institute  comes this Cato Daily Podcast in which Caleb O. Brown talks to John Samples about the parallels between Sanders an...

32% off the greatest book ever written

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Right now the Book Depository has 32% off The Theory of the Firm: An overview of the economic mainstream with their price being NZ$159. Ac...
Tuesday, 24 January 2017

Protection and job losses

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At the Cafe Hayek blog Don Boudreaux makes the point that protection does not stop job losses . You are correct that under a regime of fr...
Sunday, 22 January 2017

Interesting graph on the relationship between US growth and the trade balance.

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This graph is from the Econofact website: You have to be very careful about causation. Does a trade deficient affect growth or does...
Saturday, 21 January 2017

A two minute video in which Nobel Laureates give advice to President Donald J. Trump

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Wednesday, 18 January 2017

Patents, prizes and innovation

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The use of patents versus prizes to stimulate innovation is a long debated subject. Jean Tirole has written, "Consider the patent sys...

The Marshalls (Alfred and Mary) on farming

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In the past I have discussed the theory of the farm explaining why farming is one of the few areas left in the economy still dominated by f...
Wednesday, 11 January 2017

Trump and trade: threatening Toyota via twitter

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More on the wacky world that is Donald Trump and trade. From the  Cato Institute  comes this  Cato Daily Podcast  in which Caleb O. Brown ta...

Now this is just wacky

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In the UK the Labour Party Leader Jeremy Corbyn has suggested setting a maximum earning limit or, effectively, a marginal tax rate of 100%. ...
Tuesday, 10 January 2017

Trump and trade: the protectionist triumvirate

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From the Cato Institute comes this Cato Daily Podcast  in which Caleb O. Brown talks to Daniel J. Ikenson and Daniel J. Mitchell about Trum...
Monday, 9 January 2017

Let the data speak?

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From twitter comes these tweets from Modeled Behavior (Adam Ozimek) @ModeledBehavior People who think that data never "speaks" ...
Thursday, 5 January 2017

Managing political risk

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At the, oddly named,  Pro-Market blog Roy Shapira posts about a recent working paper that suggests that firms react to political risk, both...

Interview with Jon Elster

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An interesting, if too short, interview with Jon Elster (2016 Johan Skytte Prize Winner). Interview with Jon Elster (2016 Johan Skytte Pr...
Monday, 2 January 2017

Liquor control and homicide

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Howard Bodenhorn, of Clemson University, has a new NBER working paper out on Blind Tigers and Red-Tape Cocktails: Liquor Control and Homicid...

The legacy of Frank Ramsey

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A short video from the Royal Economic Society about the legacy of the mathematician Frank Ramsey. A man few have heard of but who has had a...
Sunday, 1 January 2017

Trump's 100-Day Plan

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Donald Trump has a 100 day plan  (pdf) which includes "Seven actions to protect American workers" (see below). With regard to ...
Saturday, 31 December 2016

Why you don’t have to worry about the trade deficit

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From the Marketplace website comes this audio in which Doug Irwin, Jeff Frankel and Margaret McMillan explain why you don't have worry...

Nobel Prize-winning thoughts on incentives and the importance of contracts

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On  NPR 's Morning Edition Steve Inskeep talked to Bengt Holmstrom of MIT, who was one of the winners of the 2016 Nobel Prize in econo...
Friday, 30 December 2016

Perhaps a fitting piece of research to end the year on

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A new NBER working paper on Depression for Economists by Jonathan de Quidt and Johannes Haushofer, NBER Working Paper No. 22973, issued in...
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Paul Walker
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