2012 Economics Nobel

On Monday the 2012 Nobel Memorial Prize in Economic Science was awarded to Lloyd Shapley and Al Roth, for their work on market design and matching theory, which relate to how individuals and firms find and select one another in areas from school choice to jobs to...

Your (Not Quite) Private Panel of Economic Experts

Ever wish you could commission a quick poll of economic experts to opine on issues of current interest? Well,  you can’t, but we have the next best thing:  The University of Chicago’s Booth School of Business’s   Initiative on Global...

Two Books

Today we’re talking about books. Specifically, Robert Frank’s The Darwin Economy and David Rose’s The Moral Foundation of Economic Behavior.  I believe the first–far better known–is a failure and the second–while too drily...

The 2011 Nobel Prize in Economics

The annual award of the Nobel Prize in Economics (technically, since it’s not one of the original Nobel’s, the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”) is always an occasion for a toast here at Adam Smith, Esq.,...

Scary Chart

Here’s a depressing chart, courtesy of the enthralling and overwhelming All Things Data site Calculated Risk.  This shows the percent of job losses relative to the peak employment month for every post-WWII US recession (there have been 11). You can see...

Lexicographers’ Time-Out

Slate is covering the announcement by Merriam-Webster of the top ten words of the year for 2010: Say what you will about its appeal (or lack thereof) as fiscal policy, but the Top Word of 2010, according to Merriam-Webster, is austerity. The distinction is based on...
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