Tagged: General

The exchange rate is just a price - The Dismal Science

Paul Walker Apr 17, 2015

How often must this be said?Oliver Hartwich writes in the latest New Zealand Initiative Insights (Insights 12: 10 April 2015 ),The Reserve Bank of Australia’s surprise decision not to cut interest rates only postponed the expected “parity party” between the Kiwi and the Aussie dollars. The way things are going, it is a matter of time until both currencies are … Read More

Academic freedom at the University of Chicago and Princeton - The Dismal Science

Paul Walker Apr 13, 2015

The following comes from the website of The National Association of Scholars (NAS) who in turn got it from the Facebook page of NAS board of advisors member Robert P. George (McCormick Professor of Jurisprudence at Princeton University).Every now and then sanity still manages to prevail. The worrying thing is that academics at these universities find it … Read More

A strange view of economics - The Dismal Science

Paul Walker Apr 10, 2015

From Gavin Kennedy at the Adam Smith's Lost Legacy blog comes this bit of information:jundalisay has authored an interesting new Blog HERE:“This is the public site of the new proposed science of socio-economics or ‘Smithonomics’ or ‘Political Economy version 2.0′ which is meant as an alternative to economics.”“Economic science was created in the 19th … Read More

Wage inequality and firm growth - The Dismal Science

Paul Walker Mar 27, 2015

At VoxEU.org Holger Mueller, Paige Ouimet and Elena Simintzi look at the relationship between Wage inequality and firm growth. Rising wage inequality has received much attention recently and this column describes new evidence on the determinants of the 'skill premium'.There are two basic findings:1) larger firms have grown substantially and 2) skill premia are larger at … Read More

Some proper economics research for a change: LBW decisions and bias by umpires. - The Dismal Science

Paul Walker Jan 06, 2015

One of the most important questions in economics has to do with whether pressure from home crowds affects decision making of sports officials. A new column at VoxEU.org investigates this problem using new data from cricket matches. The authors find that neutral umpires decrease the bias against away teams, making neutral officials very important for a … Read More