Monday, October 31, 2016

Wrap Up for October 2016

Both James Pethokoukis and David Beckworth interviewed Ryan Avent recently, re his new book, "The Wealth of Humans".

In response to Nick Rowe's patient efforts - Brad Delong asks, "How seriously should we take the New Keynesian model?"

The real problem is that healthcare costs are still rising as a share of income (Timothy Taylor):

Scott Sumner responds to a recent report from Carola Binder and Alex Rodrigue, re monetary rules and targets.

"To end the affordable housing crisis, Washington needs to legalize Main Street."

David Sloan Wilson has a particularly good opinion of Elinor Ostrom: "The Woman Who Saved Economics From Disaster"

The blog "A Fine Theorem" provides informative background on the 2016 economics Nobel winners, in two posts.

Mark Thoma (for Moneywatch) also explains why this year's Nobel was so well deserved.

A global restoration of nature could be underway in America:

Cass Sunstein comes up with a nice list:

Some classics from R.H. Coase, "The Nature of the Firm"
also, "The Problem of Social Cost",

If only we knew, how many people would choose a walkable community over one with auto transportation, if they had the option to do so. "Put people, not cars, first in transport systems."

Howard Husock reviews "Eyes on the Street: The Life of Jane Jacobs" by Robert Kanigel

Five wars, at one time.

Some Econlog posts from Scott Sumner: on macroeconomics, with an apt quote from Einstein: "If you can't explain it simply, you don't understand it well enough."
The case for easy money today, is not as strong as before.
"Is the Fed a firefighter or an arsonist?"
Japan as a refutation of old Keynesian ideas.

No one does furniture quite like Ikea:

What happened to adolescence?

From David Beckworth and Joshua Hendrickson:

"Do recessions accelerate routine-biased technological change?" Of this study, Brookings write "The Great Recession has hastened the polarization of the labor market."

Jonathan Haidt, "The Ethics of globalism, nationalism and patriotism"

James Pethokoukis considers the services factor:

From Apollo magazine: "Post-fire London was a magnificent, beautiful compromise."

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