Real-World Economics Review

from C. P. Chandrasekhar and Jayati Ghosh While everyone was busy looking at the Covid-19 numbers across the world, other “stuff was happening” in international trade: the US-China trade war, which started as far back July 2018, just got significantly worse. This on-again-off-again war has been a feature of the Trump Presidency, with the man who became president of the US in January 2017 vowing to prevent the US from being “exploited” by other countries, notably China, that had benefited...

?WELCOME to the SCHOOL OF EDUCATION'S ?✏️GRAD SPOTLIGHT DAY! Stick with our social media all day to celebrate SOED! Kicking it all off with a message from Interim Dean Baker to SOED grads! ?? #MasonCEHD #Mason2020

?WELCOME to the SCHOOL OF EDUCATION'S ?✏️GRAD SPOTLIGHT DAY! Stick with our social media all day to celebrate SOED! Kicking it all off with a message from Interim Dean Baker to SOED grads! ?? #MasonCEHD #Mason2020

CEHD Interim Dean, Dr. Bob Baker welcomes you to our Spotlight Day celebrating College of Education and Human Development 2020 Graduates from the School of Kinesiology.

CEHD Interim Dean, Dr. Bob Baker welcomes you to our Spotlight Day celebrating College of Education and Human Development 2020 Graduates from the School of Kinesiology.

from Jamie Morgan Part 4 of Pandemic aware economies, public health business models and (im)possible futures One optimistic point of view hopes our economies bounce back (a deep sharp ‘v’ shape). But this seems increasingly unlikely and is now a minority position. This is partly because of a path-dependency governments are not well-equipped to quickly or easily shift. No  effective treatments are available yet for Covid-19 and even as some become available we will still be living in more...

from Lars Syll In The World in the Model Mary Morgan gives a historical account of how the model became the message in economics. On the question of how the models provide a method of enquiry where they can function both as “objects to enquire into” and as “objects to enquire with”, Morgan argues that model reasoning involves a kind of experiment. She writes: It may help to clarify my account of modelling as a double method of enquiry in economics if we compare it with two of the other...

It's SRTM graduate Spotlight Day! View a message from College of Education and Human Development Interim Dean, Bob Baker.

It's SRTM graduate Spotlight Day! View a message from College of Education and Human Development Interim Dean, Bob Baker.

from Dean Baker Neil Irwin had an interesting New York Times piece on how concerns about moral hazard in the bailout may damage the recovery. The gist of the article is that the fear that bad actors will be wrongly rewarded will prevent us from spending enough money to get the economy back on its feet. Irwin’s point is very important, but it does require some further examination. We might agree for example, that it is silly to oppose an airline bailout because it will help shareholders if...