"Nightmare on Main Street" (2)
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Mark Thoma (14)
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Economist's View (14)
2 weeks, 2 days
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Nicholas Bloom says things could get bad if we forget the "major lesson from the Great Depression of the 1930s": 2009 will be the nightmare on Main Street, by Nicholas Bloom, VoxEU.org: Every horror movie fan knows the scene before the attack. Creepy electronic music plays. The victim is shown from behind. The camera scans around the bushes, in the dark, to the sound of heavy breathing. You know something evil is going to happen, ...
Fill more forms (1)
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Crossroads Cultural Center (0)
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PAPER CLIPPINGS by Crossroads (0)
2 weeks, 4 days
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This column has an interest beyond the specific story (the murder of a baby in Britain) because it discusses a trend: So much effort goes into the procedure that no time, energy or inclination is left over to secure the alleged purpose of the procedure.The triumph of procedure over content is indeed all around us, for instance in education.
The New York Times & Log In (3)
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NYT > Most E-Mailed (24)
2 weeks, 4 days
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The post-election Republican soul searching has featured a convenient amnesia about the party’s race-based “Southern strategy.”
Import Export Price Indexes - October 2008 (1)
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Economic Indicator Reviewer (16)
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EconoIndicators (16)
2 weeks, 5 days
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Import Export Prices At a Glance Import Prices: Down 4.7% Non-petroleum Import Prices: Down 0.9% Export Prices: Down 1.9% Non-agricultural Export Prices: Down 1.2% Agricultural Export Prices: Down 8.7% Yearly Import Price Change: Up 6.7% Yearly Export Price Change: Up 4.2% Technorati Tags: export, import, price, index, inflation, international trade U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2008 - The U.S. Import Price Index fell for the third consecutive month, the Bureau of Labor ...
"The Case for Forward-Looking Protectionism" (2)
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Mark Thoma (14)
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Economist's View (14)
2 weeks, 6 days
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When people have asked me about bailing out automakers, my answer has been something like "if I thought the problems automakers are experiencing were mostly due to the problems in financial markets, and that once the trouble passes automakers would be healthy and vibrant again - and hence able to pay off any loans they are given to them now - then I might be inclined to bail them out. But as it stands, I ...
Foreign Trade - September 2008 (1)
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EconoIndicators (16)
3 weeks
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International Trade At a Glance Exports: $155.4 billion Monthly Change: Down $9.9 billion Imports: $211.9 billion Monthly Change: Down $12.5 billion Trade Deficit: $56.5 billion Monthly Change: Down $2.6 billion Technorati Tags: trade, deficit, international, foreign, trade U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES September 2008 Goods and Services The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $155.4 billion and ...
More on Autos, by David Henderson (1)
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EconLog (7)
3 weeks, 5 days
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My co-blogger Arnold has an excellent blog on the auto industry. There's more to say, though. Notice his first quote from Obama: The auto industry is the backbone of American manufacturing and a critical part of our attempt to reduce our dependence on foreign oil. Whether or not the auto industry is the "backbone" of American manufacturing--I think it's not--the second part of his sentence is simply incorrect. Even if one accepts as given that ...
Financial crisis hits DPRK (1)
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North Korean Economy Watch (0)
1 month
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Although many would assume that North Korea’s economic isolation would insulate it from recent global financial instability, this does not appear to be the case. According to the Wall Street Journal: North Korea does little trade with the rest of the world — about $2 billion annually — and now it’s being hurt by lower prices paid by its biggest trading partner, China, according to report from a South Korean institute that specializes in North ...
New Trade Theory and New Economic Geography (1)
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Mark Thoma (14)
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Economist's View (14)
1 month, 2 weeks
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In his own words: About the work, by Paul Krugman: ...I have had a number of requests for an informal explanation of what I got you-know-what for. So here’s an attempt. It’s really about two related things: the “new trade theory” and the “new economic geography.” OK, so what was the “old” trade theory? It’s what you probably learned if you took intro economics. Countries are different – they have different levels of productivity in ...
Ed Glaeser on Paul Krugman (1)
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1 month, 3 weeks
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Ed Glaeser on Paul Krugman's contributions to economics: Honoring Paul Krugman, by Edward L. Glaeser: ...Paul ... Krugman’s fame as a public intellectual should not lead anyone to think that they understand his contributions to economic research just because they regularly read his columns. The Nobel Prize citation highlights two distinct but connected contributions: Mr. Krugman’s development of the “new trade theory” and his work on the “new economic geography.” International trade has a long ...
Congratulations, Paul Krugman, by Arnold Kling (1)
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EconLog (7)
1 month, 3 weeks
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He wins this year's Nobel in economics. Tyler Cowen has an excellent commentary and links. Before Krugman, the only explanatory variable in international trade was factor endowments. You produced stuff because you happened to have the right type of land, or the right type of labor, or what have you. Moreover, there were diminishing returns, which meant that once location A had a large capacity to produce something, at the margin the next increase in ...
The New Wave of Globalisation: This Time, It’s Really Different (1)
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3 months
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The "Great Unbundling" is more unpredictable, sudden, and individual than in the past: Globalisation as the great unbundling(s): What should governments do?, by Richard Baldwin, Vox EU: The Kiel Institute’s Global Economic Symposium – something like a New Century Davos – is being held in a Northern German castle... Globalisation is on the agenda. Alan Blinder has contributed his thoughts on “Offshoring, Workforce Skills, and the Educational System.” Here are my comments on the subject. ...
