http://nobelprize.org/nobel_prizes/economics/articles/akerlof/index.html
Tuesday, December 18, 2007
Thursday, December 13, 2007
C. Blattman: How to get a PhD *and* save the world
http://chrisblattman.blogspot.com/2007/12/how-to-get-phd-and-save-world.html
'Tis the season for graduate school applications and associated angst. Several aspiring political scientists and economists have asked me for my thoughts and advice, and I've generally started by pointing them to Greg Mankiw's excellent Advice for Aspiring Economists and Advice for Grad Students.
Mankiw's advice does not quite cater, however, to those of us that are young, idealistic, and want to pursue PhD research that makes life better for those less fortunate. For those so inclined, I offer the following addenda.
Tuesday, December 11, 2007
Sunday, December 9, 2007
The Economist: The End of Cheap Food
Rising food prices are a threat to many; they also present the world with an enormous opportunity
http://www.economist.com/opinion/displaystory.cfm?story_id=10252015
http://www.economist.com/opinion/displaystory.cfm?story_id=10250420
Labels: Agriculture, ECONOMICS, ENVIRONMENT
Tuesday, December 4, 2007
S. Johnson-Food and Biofuels: The Price of Success
"In a column in the December 2007 edition of Finance & Development magazine, IMF Chief Economist Simon Johnson looks at how the adoption of biofuels is driving up world food prices. He suggests that rich countries could help limit the rise, which is hurting the poor in low-income countries the most, by removing ethanol subsidies and cutting high tariffs."
http://www.imf.org/external/pubs/ft/survey/so/2007/RES123A.htm
Labels: Agriculture, ECONOMICS, ENVIRONMENT
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?"
Labels: ECONOMICS
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.
Labels: ECONOMICS
Econtalk.org
http://www.econtalk.org
Economics podcasts for daily life. Hosted by Russ Roberts.
Labels: ECONOMICS
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"
Labels: ECONOMICS
Monday, November 26, 2007
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.
Labels: Agriculture, ECONOMICS, ENVIRONMENT
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."
Labels: Agriculture, ECONOMICS, ENVIRONMENT
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
Labels: ECONOMICS
Thursday, November 22, 2007
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."
Labels: ENVIRONMENT
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).
Labels: ECONOMICS
Thursday, November 8, 2007
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."
Labels: ECONOMICS, PUBLISHING
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
Labels: ENVIRONMENT
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
Labels: LEARNING
Tuesday, October 30, 2007
Norman Borlaug
http://www.normanborlaug.org/
"For over a half century, the scientific and humanitarian achievements of Dr. Norman Borlaug (Nobel Peace Prize winner, Congressional Gold Medal Winner, and recipient of over 50 honorary Doctorate Degrees) has kept starvation at bay for millions of people in third world countries. Dr. Borlaug, "Father of the Green Revolution" continues his battle against starvation in Africa."
Labels: Agriculture, ECONOMICS, OTHER
G. Hardin Society:
http://www.garretthardinsociety.org/index.html
"The Garrett Hardin Society is dedicated to the preservation of the writings and ideas of Garrett James Hardin. A common thread throughout his work is an interest in bioethics. Trained as an ecologist and microbiologist and a Professor of Human Ecology at the University of California for more than thirty years, he is best known for his 1968 essay, The Tragedy of the Commons. "
Labels: OTHER
Thursday, October 25, 2007
P. L. Bernstein: Against The Gods: The Remarkable Story Of Risk
http://www.businessweek.com/1996/43/b349881.htm
Labels: OTHER
Tuesday, October 23, 2007
Monday, October 22, 2007
S. Martin: Economics Quotes
http://www.mgmt.purdue.edu/faculty/smartin/equotes/equote.htm
Einstein, Albert
If we knew what it was we were doing, it would not be called research, would it?
Solow, Robert M.
But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.
Bresnahan, Timothy F.
Economists ought to know about the economy.
Caves, Richard
Constrained-maximization problems are mother's milk to the well-trained economist.
Davis, Richard M.
It is commonplace that economists spend a discouraging proportion of their working time in controversy over definition.
Keynes, John Maynard
Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.
Labels: ECONOMICS
Sunday, October 21, 2007
R. Felder: Learning Styles
"Students preferentially take in and process information in different ways: by seeing and hearing, reflecting and acting, reasoning logically and intuitively, analyzing and visualizing, steadily and in fits and starts. Teaching methods also vary. Some instructors lecture, others demonstrate or lead students to self-discovery; some focus on principles and others on applications; some emphasize memory and others understanding...This site contains resources for a model of learning styles generally referred to as the Felder-Silverman model. The model was originally formulated by Dr. Felder in collaboration with Dr. Linda K. Silverman, an educational psychologist, for use by college instructors and students in engineering and the sciences, although it has subsequently been applied in a broad range of disciplines. "
Labels: LEARNING
The Apple-Cinnamon Cheerios War
J. Hausman's objection to T. Bresnahan:
http://www.stanford.edu/~tbres/research/reply%20to%20bresnahan.pdf
T. Bresnahan's response to J. Hausman
http://www.stanford.edu/~tbres/research/hausman%20recomment.pdf
Labels: ECONOMICS
Saturday, October 20, 2007
Friday, October 19, 2007
Jokes about economists and economics
http://netec.wustl.edu/JokEc.html
JokEc is a collection of professional humor for the benefit of economists as well as non-economists.
Labels: ECONOMICS
PBS: The Proof
http://www.pbs.org/wgbh/nova/proof/
For over 350 years, some of the greatest minds of science struggled to prove what was known as Fermat's Last Theorem -- the idea that a certain simple equation had no solutions. Now hear from the man who spent seven years of his life cracking the problem, read the intriguing story of an 18th century woman mathematician who hid her identity in order to work on Fermat's Last Theorem, and demonstrate that a related equation, the Pythagorean Theorem, is true.
Labels: OTHER
PBS: Trillion Dollar Bet
http://www.pbs.org/wgbh/nova/stockmarket/formula.html
MERTON MILLER: When I saw the formula I knew enough about it to know that this is the answer. This solved the ancient problem of risk and return in the stock market. It was recognized by the profession for what it was as a real tour de force.
Labels: OTHER
Thursday, October 18, 2007
D. J. Pannell: Prose, psychopaths and persistence
Prose, psychopaths and persistence: Personal perspectives on publishing
http://www.general.uwa.edu.au/u/dpannell/prose.htm
Labels: PUBLISHING