January 26, 2010
Hit and Run
A few things--other than the cool Keynes/Hayek rap--that have caught my eye over the past few days:
William Shughart on Haiti and the broken window fallacy.
Robert Higgs on disappearing private sector jobs.
Peter Schiff on the minimum wage hike in American Samoa.
Federal Subsidy Programs Top 2,000
Two NBER WP on labor supply elasticities (here and here): The second one has an important finding vis-a-vis supply side economics:
[W]e find that standard microeconometric methods underestimate structural labor supply elasticities by an order of magnitude.
UPDATE: Some interesting papers in the current REStat: Ugly Criminals, war is bad, trade is good, and institutions matter.
"Marketplace" has a piece on corruption in China.
"Marketplace's" Scott Jagow isn't impressed with the Obama spending freeze (a question for Obama and Jared Bernstein: If it's possible to cut $250B of wasteful spending from the budget then why did you sign the bill(s) that included said wasteful spending?).
UPDATE2: Casey Mulligan on the minimum wage.
The regressivity of carbon taxes.
Posted by E. Frank Stephenson at 06:24 PM in
Economics