Tag Archives: Economics

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Petronia (above), an online course and game from the National Resource Governance Institute, lets users run a fictional country where oil is discovered to see if they can avoid the resource curse. (h/t David Batcheck) From the Stata journal– A new command, baselinetable, creates handy summary stats tables for your baseline reports to make sharing your findings much easier. It exports to Stata, Excel, CSV, etc to make it really...

[unable to retrieve full-text content]Experimental Pitfalls Are Generally Dumber Than We Imagine, Now With More Dogs: hopefully the story is interesting in itself, but honestly it’s mainly an excuse for the dog video at the end.

[unable to retrieve full-text content]Experimental Pitfalls Are Generally Dumber Than We Imagine, Now With More Dogs: hopefully the story is interesting in itself, but honestly it’s mainly an excuse for the dog video at the end.

[unable to retrieve full-text content]How Monopsonies Work, Now With More Numbers…: Apparently a graph is worth…*checks post stats* 1176 words, but I’m guessing this makes more sense to most normal people.

[unable to retrieve full-text content]How Monopsonies Work, Now With More Numbers…: Apparently a graph is worth…*checks post stats* 1176 words, but I’m guessing this makes more sense to most normal people.

What are axiomatizations good for? Axiomatic decision theory was pioneered in the early 20th century by Ramsey (1926) and de Finetti (1931,1937), and achieved remarkable success in shaping economic theory … A remarkable amount of economic research is now centered around axiomatic models of decision … What have these axiomatizations done for us lately? What have we gained from them? Are they leading to advances in economic analysis, or are they perhaps...

Whereas the Great Depression of the 1930s produced Keynesian economics, and the stagflation of the 1970s produced Milton Friedman’s monetarism, the Great Recession has produced no similar intellectual shift. This is deeply depressing to young students of economics, who hoped for a suitably challenging response from the profession. Why has there been none? Krugman’s answer is typically ingenious: the old macroeconomics was, as the saying goes, “good enough for government work”...

[unable to retrieve full-text content]Economist Beverages Just Got A Major Upgrade…: Happy Friday! You will probably not find it surprising that I am into basically anything that combines economics, bad puns, and booze.

[unable to retrieve full-text content]Economist Beverages Just Got A Major Upgrade…: Happy Friday! You will probably not find it surprising that I am into basically anything that combines economics, bad puns, and booze.

[unable to retrieve full-text content]July 4th May Be Over, But The Fireworks Discussions Continue…: you: yay a day off let’s do some fireworks me, economist: OMG YOU’RE DOING FIREWORKS TOTALLY INEFFICIENTLY LET ME EXPLAIN