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Blogs - Apr 2014

Marx and the Mechanical Turk by J. Bradford DeLong
Fri, 2014-04-04 13:39
Karl Marx’s belief that capital and labor were substitutes, not complements, was a mistake in his own age and for more than a century to follow. But it may not be a mistake today.

Conditionally yours: An analysis of the policy conditions attached to IMF loans by Jesse Griffiths
Fri, 2014-04-04 15:22
the worrying findings of this research suggest that the IMF is going backwards – increasing the number of structural conditions that mandate policy changes per loan, and remaining heavily engaged in highly sensitive and political policy areas.

Economic liberty in the long run: Evidence from OECD countries by Leandro Prados de la Escosura
Tue, 2014-04-15 16:26
Measures of economic freedom provide useful cross-country comparisons, but lack the time dimension to track intertemporal progress. This column presents a new measure and extends it back in time to tell a history of economic freedom over the course of the twentieth century.

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