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 that: In...

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...