2 days ago by Mark Thoma

James Surowiecki looks at the latest price war: Priced to Go, by James Surowiecki: In the spring of 1992, the airline industry ... found itself in the middle of a full-fledged price war. In a matter of months, the airlines collectively lost four billion dollars. ...[A]t bottom it was just like other ...

Economist's View - economistsview.typepad.com/economistsview · Rank: 1,010 · 1029 references

2 days ago by Mark Thoma

One more time, is CEO pay justified?: Banker Bonus Rain, by Nancy Folbre, Economix: ...Wall Street firms have always been famous for their generous bonuses to managers and traders — their so-called “rainmakers.” The graph ... shows that employee bonuses have actually exceeded the estimated pre-tax p ...

Economist's View - economistsview.typepad.com/economistsview · Rank: 1,010 · 1029 references

6 days ago by Blogger Bryn

An interesting clip from the BBC showing changing consumer behaviour in the recession http://news.bbc.co.uk/1/hi/uk/8335214.stm a) What form does government intervention take in the car tyre market? b) Why does the government do this? In what way would a free market in tyres fail? c) To what extent ...

Bryn's AS Economics Blog - brynsaseconomicsblog.blogspot.com · 1 reference

7 days ago by unfrozencaveman

Myspace alerted me to a new blog post today, but I discovered that I can’t read it because I’m no longer friends with the author. Fuck. Third time in the last six months. I don’t blame her. I owe her this, if that’s what she wants, but I’m not fucking happy with that. This is cheesy, but it popped i ...

Unfrozen Caveman - unfrozencaveman.wordpress.com · 2 references

13 days ago by unfrozencaveman

Yesterday, at the behest of my son’s grandparents, I went to the Desert Botanical Garden at Papago Park in Phoenix. We went for the annual Great Pumpkin Festival. It wasn’t horrible, but I don’t really see the point. It’s all so very white. First, we went and saw the butterflies. You go in this cage ...

Unfrozen Caveman - unfrozencaveman.wordpress.com · 2 references

13 days ago by Benjamin Seghers

A little while ago, I wrote about the “the globe is currently cooling” myth, which, unfortunately, was propagated in Steven Levitt and Stephen Dubner’s new book, SuperFreakonomics. As I explained earlier, I was big fan of their earlier book, Freakonomics, which is why I was disappointed to learn of ...

SCSU Intellectuals - scsuintellectuals.wordpress.com

15 days ago by Mark Thoma

Ben Bernanke does not want to lose "the economic benefit of multi-function, international (financial) firms," so he is hesitant to break large banks into smaller sized institutions. I don't have much problem with the economics, if there are efficiencies that come with bank size we should exploit the ...

Economist's View - economistsview.typepad.com/economistsview · Rank: 1,010 · 1029 references

19 days ago by Mark Thoma

Robert Waldmann says "This McClatchy article by Kevin G Hall seems important to me." It does seem like there was "market failure in everything" when it comes to mortgage markets, from the incentives faced by the homeowner (non-recourse loans) and real estate agent ( maximize commission income) at th ...

Economist's View - economistsview.typepad.com/economistsview · Rank: 1,010 · 1029 references

20 days ago by Benjamin Seghers

The story of anthropogenic global warming is a story of “the greatest market failure the world has seen.” That’s from Sir Nicholas Stern, a British economists at the London School of Economics and the Chief Economist of the World Bank from 2000 to 2003, who authored the Stern Review. The Stern Revie ...

SCSU Intellectuals - scsuintellectuals.wordpress.com

20 days ago by parker62

The advocates of ‘more markets’ and ‘minimal government’ would like us to think they know the secret to efficient and effective regulation of human behaviour. But can we really apply such neoliberal thinking to the climate change crisis? Can the application of more markets possibly fix what Nicholas ...

well sharp - wellsharp.wordpress.com · 6 references