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Blogs - Sep 2011

We Are All Rawlsians Now
Mon, 2011-09-05 12:49
Very roughly: leftwingers tend to be Keynesians, libertarians believe in laissez-faire, conservatives like ordo-liberalism. The technical-economic debate suffers though when participants fear that conceding a technical argument would force them to give up their general world views too.

The Great Recession and Government Failure
Tue, 2011-09-06 13:16
When comparing the performance of markets to government, markets look pretty darn good.

Put America back to work with investments, taxes
Thu, 2011-09-08 14:39
There is plenty the U.S. can do to create jobs and promote growth.

A Second Stimulus Package?
Mon, 2011-09-12 10:25
How successful will (Obama's) proposed American Jobs Act be in getting the economy moving forward at a much faster clip? asks Gary Becker.

The Crisis of Fiscal Imagination
Tue, 2011-09-13 15:37
When future generations place our leaders in historical perspective, they will most likely reproach them, above all, for their lack of institutional imagination.

Market Failure Compared to Government Failure
Mon, 2011-09-19 06:54
Government actions sometimes not only fail to overcome market failure but rather worsen the failure.

The 2008-09 Global Financial Crisis: Lessons for Country Vulnerability
Mon, 2011-09-19 06:59
Out of dozens of potential early warning indicators, foreign exchange reserves are the indicator that had been most often identified as significant by eighty pre-2008 studies conducted on earlier data.

Who Will Eclipse America?
Tue, 2011-09-20 06:03
A few years ago, some regarded Japan as having overtaken the US, and Europe, too, was supposedly vying for global economic dominance. Now it's China's turn – and it suffers from the same vulnerabilities that have stymied Europe and Japan.

Can We Determine the Optimal Size of Government?
Tue, 2011-09-20 06:09
Measures of economic freedom more closely relate to per capita GDP than do simple measures of government spending.

Changing behavior of crude oil futures prices
Fri, 2011-09-23 18:03
In a new working paper, James Hamilton and Cyntia Wu, study how increased purchases of crude oil futures contracts by financial investors may have affected the prices on those contracts.

The Unexamined Crisis
Fri, 2011-09-23 18:15
Three years have now passed since the collapse of Lehman Brothers, which triggered the start of the most acute phase of the 2007-2008 financial crisis. But the financial world is no safer today, because the data needed to identify what caused the crisis have been withheld.

Transatlantic relations and globalization in time of crisis?
Thu, 2011-09-29 04:19
The (current) Crisis is often referred to as the first crisis of Globalization. If that were the case it would be without historical precedent.


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