Thursday, November 29, 2007

Sherwin Rosen

http://www.nap.edu/readingroom/books/biomems/srosen.html

"SHERWIN ROSEN WAS ONE of the great applied microeconomic theorists of recent decades. His life was devoted to understanding how diverse people, products, and technologies could be brought together and allocated appropriately. As an example of the kind of analyses that Rosen pioneered, consider the many varieties of automobiles that are produced. Some are higher quality than others, some are small, some are large, some fast, some slow, some are beautiful, and others are comfortable. People have different preferences with respect to these attributes. A larger person might prefer a larger car. A daredevil might like a faster one. How does the right car get to the right person? The obvious answer is that the market ensures that cars are available and consumers, through free choice, purchase the car they want. But at what price? How are the prices of the various attributes set so as to equate supply with demand, not just for some homogeneous commodity like wheat but also for some complex good like an automobile?"

Wednesday, November 28, 2007

The Economic Naturalist by R. H. Frank

http://www.robert-h-frank.com/book.html

http://www.robert-h-frank.com/ENIntroduction.pdf

[from the Introduction]

In short, the human brain’s specialty seems to be absorbing
information in narrative form. My economic naturalist writing
assignment plays directly to this strength. It calls for the title of
each student’s paper to be a question. For three reasons, I have
found it useful to insist that students pose the most interesting
questions they can. First, to come up with an interesting question,
they must usually consider numerous preliminary questions, and
this itself is a useful exercise. Second, students who come up with
interesting questions have more fun with the assignment and
devote more energy to it. And third, the student who poses an
interesting question is more likely to tell others about it. If you
can’t actually take an idea outside the classroom and use it, you
don’t really get it. But once you use it on your own, it is yours
forever.

Econtalk.org

http://www.econtalk.org

Economics podcasts for daily life. Hosted by Russ Roberts.

Globalisation Institute

http://www.globalisation.eu

"The Globalisation Institute is a Brussels-headquartered think tank that promotes ideas to help Europe thrive in the global economy"

Monday, November 26, 2007

Tim Harford-Blog

The Undercover Economist

http://timharford.com

Saturday, November 24, 2007

Biofuels : Is the cure worse than the disease ?

http://www.oecd.org/dataoecd/15/46/39348696.pdf

The 20th meeting of the Round Table on Sustainable Development on 11-12 September 2007 considered the sustainable potential of biofuels and government policies to support them. Ministers from OECD member and non members countries, senior representatives of international organisations, academia, civil society, and senior private sector executives discussed the technical potential of biofuels production and national and international policies to promote their development.

Biofuels could boost global warming

http://www.rsc.org/chemistryworld/News/2007/September/21090701.asp

PJ Crutzen et al, Atmos. Chem. Phys. Discuss., 2007, 7, 11191

"Growing and burning many biofuels may actually raise rather than lower greenhouse gas emissions, a new study led by Nobel prize-winning chemist Paul Crutzen has shown. The findings come in the wake of a recent OECD report, which warned nations not to rush headlong into growing energy crops because they cause food shortages and damage biodiversity...

But other experts are critical of Crutzen's approach. Simon Donner, a nitrogen researcher based at Princeton University, US, says the method is elegant but there is little evidence to show the N2O yield from fertilized plants is really as high as 3-5 per cent. Crutzen's basic assumption, that pre-industrial N2O emissions are the same as natural N2O emissions, is 'probably wrong', says Donner."

Mancur Olson

http://www.iris.umd.edu/StaticReader.aspx/About_IRIS/History/Mancur_Olson.htm


“Rather than being a luxury that only rich countries can afford, individual rights are essential to obtaining the bounteous harvests that property-intensive and contract-intensive production can yield.” Mancur Olson, Power and Prosperity

Thursday, November 15, 2007

Carbon Monitoring For Action

http://carma.org/

"CARMA reveals the carbon emissions of more than 50,000 power plants and 4,000 power companies in every country on Earth."

Monday, November 12, 2007

Inside the Economist's Mind

http://www.blackwellpublishing.com/book.asp?ref=9781405157155

Interviews:
1. An Interview with Wassily Leontief (Interviewed by Duncan K. Foley).
2. An Interview with David Cass (Interviewed jointly by Stephen E. Spear and Randall Wright).
3. An Interview with Robert E. Lucas, Jr. (Interviewed by Bennett T. McCallum).
4. An Interview with János Kornai (Interviewed by Olivier Blanchard).
5. An Interview with Franco Modigliani (Interviewed by William A. Barnett and Robert Solow).
6. An Interview with Milton Friedman (Interviewed by John B. Taylor).
7. An Interview with Paul A. Samuelson (Interviewed by William A. Barnett).
8. An Interview with Paul A. Volcker (Interviewed by Perry Mehrling).
9. An Interview with Martin Feldstein (Interviewed by James M. Poterba).
10. An Interview with Christopher A. Sims (Interviewed by Lars Peter Hansen).
11. An Interview with Robert J. Shiller (Interviewed by John Y. Campbell).
12. An Interview with Stanley Fischer (Interviewed by Olivier Blanchard).
13. An Interview with Jacques Drèze (Interviewed by Pierre Dehez and Omar Licandro).
14. An Interview with Thomas J. Sargent (Interviewed by George W. Evans and Seppo Honkapohja).
15. An Interview with Robert Auman (Interviewed by Sergiu Hart).
16. Conversations with James Tobin and Robert Shiller on the "Yale Tradition" in Macroeconomics (Conducted by David Colander).

Tuesday, November 6, 2007

A.J. Oswald: An Examination of the Reliability of Prestigious Journals

http://austrianeconomists.typepad.com/weblog/files/Prestigeous_Scholarly_Journals.pdf

"Scientific-funding bodies are increasingly under pressure to use journal rankings to measure research quality. Hiring and promotion committees routinely hear an equivalent argument: ‘this is important work because it is to be published in prestigious journal X’. But how persuasive is such an argument? This paper examines data on citations to articles published 25 years ago. It finds that it is better to write the best article published in an issue of a medium quality journal such as the OBES than all four of the worst four articles published in an issue of an elite journal like the AER. Decision-makers need to understand this."

Friday, November 2, 2007

Global Warming Map Animation

NASA has produced an animated map that illustrates changes in global temperatures between meteorological years 1891 and 2006. This animated map is an .mp4 file that can be viewed using a QuickTime player. Each frame in the animation represents a one year increment of the ten year mean temperature anomaly. This animation begins with a historic ten year (1891-1900) mean meteorological year temperature anomaly map and ends with a recent (1997-2006) ten year mean meteorological year temperature anomaly map. The animation clearly illustrates a global warming trend over the time interval.

http://geology.com/news/images/a10_1891_1997_6fps_800kbps_sor3.mov

Colleges and Universities that Offer Free Courses Online

"A handful of world-class universities and colleges have decided to offer free courses, assignments, and lectures via the World Wide Web, using a variety of means that include streaming video, podcasts, and downloadable lecture notes. "

http://education-portal.com/articles/Colleges_and_Universities_that_Offer_Free_Courses_Online.html