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So the deposit insurance schemes being introduced around the world have the explicit aim of “saving the world economy from Armageddon”. Even so, when I spent a couple of weeks in the US I got the distinct impression that this scheme will lead to more (even more substantive) issues down the track. Here is a […]
Frog has again attacked economics – however, this time the attack has been painted out in a more substantive manner, a manner that will allow us to actually discuss the methodology of economics and see where this critique fits in. Frog’s claim is that: The neoclassical economic model is failing us. It is based on […]
One thing that does upset me about the constant delays to the emissions trading scheme is the impact it has on the poor old forestry industry. Forestry has struggled from high shipping costs, strong competition from places like Russia which has driven down prices, a large decrease in demand as building activity collapsed (especially in […]
At Typealyzer they have they have a tool that finds out the personality type of a blog (ht Greg Mankiw). Given that this is a mainstream economics blog the result was unsurprising – INTJ – The Scientists. Here is the description: The long-range thinking and individualistic type. They are especially good at looking at almost […]
I was amazed to see a recent article by Chris Trotter where he has an “epiphany“. Chris Trotter has always had a strong set of value judgments about what was right policy and the way the world worked – but suddenly he has shown a willingness to evaluate those value-judgments. And for that I have […]
It sounds like the possibility of a “carbon tax” is back on the table. We have written on the topic before – but it does not appear that we have laid out what I see as the primary costs and benefits of the different options. As a result, I will do that now. In the […]