Tuesday, July 24, 2012

Should we raise the minimum wage?

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Mark Perry has a nice piece on proposals to raise the minimum wage from $7.50 to $10 , a 38% increase.  He begins with research that finds ...
1 comment:
Friday, July 20, 2012

How did Chile become the richest nation in South America

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Three decades ago, it was a basket case.  Since then, it has been the fastest-growing economy in the region . How did they do it? Pensio...
1 comment:

New discounting rules from GASB should affect Nashville

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Its not often that I get excited when a Government Accounting Standards Board acts , but this time they have done something really extraord...

Hyperbolic discounting and Nashville's growing pension problem

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The city of Nashville uses discounting to decide how much to save for its future pension obligations. For a pension that pays out $100,00...
3 comments:

WIll someone please tell the president that outsourcing is only trade

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...and that trade makes both parties better off. To see this ask why we outsource banana production to Costa Rica.  We could grow bananas...
Thursday, July 19, 2012

What happened to frozen corn prices in 1995?

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I have been playing around with the new version of Mathematica, and you can access all kinds of data through the WolframAlpha command.  I s...
1 comment:

Corn prices spike due to drought

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Drought reduces supply, which increases price, as reflected in the above futures contract prices. 
1 comment:
Monday, July 16, 2012

Vandy grad uses economics to uncover massive fraud

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Brian Fox, distinguished Vandy alum, remembered one of the lessons from Chapter 1,  that those who fail to anticipate self-interested behav...
Tuesday, July 10, 2012

Moral case for markets

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A little over-stated, and too preachy for my taste, but fast paced. 
4 comments:
Monday, July 9, 2012

Auto Learning-by-Doing is Embodied in the Managers

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While on my European excursion to multiple conferences (read junket), I was able to see Chad Syverson present his research coauthored with S...