Economics

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Category archives for Economics

Gleanings from the past week

from The Everett Collection, via Vanity Fair Notables I didn’t get to. Blog posts, MSM stories, and tweets living together. Fron the genomics front NOVA | Ghost in Your Genes | PBS streams some of the Skip Gates program I mentioned in my post last week on the Genomes, Environments, and Traits conference. What can…

An article from the Standard ponders why, despite widespread recognition that the country needs health care reform, we may not get it. The relatively new field of behavioral economics–a blending of psychology and economics–helps makes sense of these clashing views. One major tenets of this sub-discipline is that people value a “loss” about twice as…

Nate Silver makes George Will clear: Will’s argument is apparently this: The government does not need to make a profit and will have greater leverage with providers; therefore it will deliver the same service for less money. That’s unfair! Is this really the best argument that one of the most prominent intellectual conservatives can mount…

What we know, Bill speaks: I already knew, from my own modest experience installing and paying for installation of insulation and other energy-saving upgrades in my house, that such work is highly labor-intensive — and so employs a lot of people per dollar spent. When we had our basement insulated, the material cost was perhaps…

via Ezra Klein comes this bottom-line chart from the Center for Economic and Policy Research: That orange line headed heaven-ward? That’s our deficit. All those other lines dipping down? That’s our deficit if we had the same health care spending per person as France, Germany, Canada, and the UK (all countries, incidentally, with higher life…

As I’ve noted before, the U.S.’s health-care and education systems share some fundamental flaws: In both medical care and schooling we spend far more than other countries and get substandard results; in both cases, the overspending and poor results occur partly because our decentralized “systems” mean everyone does and measures everything differently, so you can’t…

Reading the Mindreading Studies – Science Progress seeks a handle on fMRI hype, hope, and horizons The evolving Swine Flu story [Effect Measure] The skinny on a scary run of deadly swine flu, from people who’ve been doing this a while. Green Issues Fade Is green losing its lustre? Eli Lilly Tops List of Drug-Company…

Via Tyler Cohen’s Marginal Revolution comes this amusing anecdote — and, perhaps, helpful example — from the life of Peter Orszag, Obama’s very brainy budget director. To motivate himself to train for a marathon, he somehow set up a penalty if he didn’t hit his training targets: His credit card would make a contribution to…

From Andrew Sullivan: I watched the Daily Show with growing shock last night. Did you expect that? I expected a jolly and ultimately congenial discussion, after some banter. What Cramer walked into was an ambush of anger. He crumbled from the beginning. From then on, with the almost cruel broadcasting of his earlier glorifying of…

“How We Decide” author Jonah Lehrer, fresh from a book tour of the UK, offers what he calls a “spluttering answer” (it’s really quite lucid) to a question he says he’s getting a lot these days: What decision-making errors were involved in our current financial meltdown?? The short version of his answer — well worth…