Is More Work Better? Think Again? The freedom of free time, branded as unproductive “leisure,” gets no respect. Originally published at Wealth Economics This post is prompted by a recent tweet from the excellent Joey Politano, but it’s not singling out Joey in particular. “We could be working so much more.” It’s hard to come away with any other message. This tweet’s just one example of a lurking, largely unspoken, and quite likely...

20 Best Econometrics Blogs and Websites in 2024 Yours truly, of course, feels truly honoured to find himself on the list of the world’s 20 Best Econometrics Blogs and Websites. 1. The Stata Blog 3. Cambridge Econometrics Blog 9. How the (Econometric) Sausage is Made 14. Lars P Syll Pålsson Syll received a PhD in economic history in 1991 and a PhD in economics in 1997, both at Lund University. He became an associate professor in economic history in 1995 and...

Econometrics — a second-best explanatory practice While appeal to R squared is a common rhetorical device, it is a very tenuous connection to any plausible explanatory virtues for many reasons. Either it is meant to be merely a measure of predictability in a given data set or it is a measure of causal influence. In either case it does not tell us much about explanatory power. Taken as a measure of predictive power, it is limited in that it predicts...

My latest in The Guardian Just two weeks after Prof Allan Fels reported on the extent of monopoly power and resultant price gouging, Australia’s supreme body on competition law has delivered its answer. The Australian competition tribunal has determined that the banking industry has all the competition we need and that no harm will be done by allowing ANZ to swallow one of the few competitors to the Big Four by acquiring the banking operations of Suncorp. This was the latest in a...

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

Finding the Money is now debuting in Australia. Murray is an Australian economist that writes chiefly about housing. Fresh Economic ThinkingFinding the Money: Can a film about modern monetary theory change our economic debates?Cameron Murray

How To Avoid Financial Ponzi Schemes

Economist's Role in Capitalism's Collapse

I know the first article is readily accessible to read if you have no membership. I believe the other two articles are open reading also. If not let me know. I can access them. Ukraine is waiting for US aid. Prof. Heather looks at how we find ourselves at this point. A point of abandoning of a country willing to fight. February 23, 2024 – Letters from an American– Heather Cox Richardson; Two years ago today, Ukraine president Volodymyr...

“U.S. officials say they believe Hamas has been constrained by the Israeli operations, but that Israel will not be able to achieve, in the foreseeable future, its goal of eliminating the group’s military capability.” also “An Israeli military intelligence official, who spoke on condition of anonymity under military protocol, said that Israel was engaged in a comprehensive mission to unravel Hamas’s military capabilities. “Is it possible...