"Words ought to be a little wild, for they are the assault of thoughts on the unthinking" - JMK
- Bob Murphy finds an awkward footnote. The EPA is really up a creek on this one. As Bob lays out, it's hard to know what else they could have done short of redoing the administration Working Group's work for them. And this comes up in empirical work. Sometimes things just can't be nicely squared off and you're up-front about it and try to finesse it and move on as quickly as you can. Still - very awkward and very funny.
- I am reading David Card's 2011 article "Origins of the Unemployment Rate" for a chapter I'm writing and I'm really enjoying it. If you're like me and you enjoy (1.) labor economics, (2.) empirical puzzles, (3.) American economic history, and (4.) history of economic thought then I think you'll enjoy it too - it's got all of that.
- LK addresses the problem with Steve Horwitz's take on WWII and the immediate post-war period here and here. He makes a point that I very much sympathize with and have made here before: if you try to spin fighting the advance of fascism across the globe as wasteful spending then you need to stop, take a deep breath, and think a little harder about what you are claiming.
- Grant McDermott discusses the empirical ABCT paper I linked to recently on here, and provides some thoughts on the reaction of one of his Austrian sparring partners.
- If you are interested in the economics of Africa, a classmate of mine has recently started blogging on Zambia.