“The column is titled “Three Trends and a Train Wreck.” I attempt to explain the financial crisis in as simple and general terms as possible. Here is one paragraph: Over all, then, the three fundamental factors behind the crisis have…”
via Marginal Revolution
Archive for the ‘Marginal Revolution’ Category
What caused the financial crisis?
Monday, October 20th, 2008The Playmate Indicator
Sunday, October 19th, 2008“The Environmental Security Hypothesis says that in tough times men will prefer women who are good at production, generally older, taller, heavier, less curvaceous women with less body fat. In good times, they will prefer women who are good at…”
via Marginal Revolution
What do you do to stay sane?
Sunday, October 19th, 2008“Here’s a project asking people to list five things they do to stay sane. I’m going to arbitrage and ask only for one thing you do to stay sane. Please leave your answer in the comments. I try to listen…”
via Marginal Revolution
Best Sentence I Read Today
Sunday, October 19th, 2008“The Bush administration, having entered office as social conservatives, leaves office as conservative socialists, proprietors of the most sudden large expansion of the state’s role in the US economy since mobilisation for the second world war. Brad DeLong here.”
via Marginal Revolution
Jokes about the financial crisis
Sunday, October 19th, 2008“The most popular game for Icelandic families in 2009? Go Fish! What’s the capital of Iceland? About $20 Iceland was a currency posing as a bank. I went to an ATM today, and it asked to borrow a twenty till…”
via Marginal Revolution
Manipulation of Prediction Markets
Sunday, October 19th, 2008“As many people suspected someone was manipulating Intrade to boost John McCain’s stock price: An internal investigation by the popular online market Intrade has revealed that an investor’s purchases prompted “unusual” price swings that boosted the prediction that Sen. John…”
via Marginal Revolution
What are economics blogs good for?
Thursday, October 16th, 2008“But the Harvard economist [Dani Rodrik] finds the blog — short for Web log — useful because it serves as a reference catalog for his ideas. “I now constantly Google my own blog for ideas that I knew I had…”
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The Deal
Wednesday, October 15th, 2008“Citigroup and JPMorgan Chase were told they would each get $25 billion; Bank of America and Wells Fargo, $20 billion; Goldman Sachs and Morgan Stanley, $10 billion each, with Bank of New York and State Street each receiving $2 to…”
via Marginal Revolution
What is New Trade Theory?
Monday, October 13th, 2008“Congratulations to Paul Krugman on his Nobel. Here is a primer on one of Krugman’s key contributions, New Trade Theory. Tyler has more links below. Ricardo showed that every country (and every person) has a comparative advantage, a good or…”
via Marginal Revolution
Paul Krugman wins the Nobel Prize
Monday, October 13th, 2008“He is cited for trade theory and, appropriately, location theory and economic geography. He could have been cited for his work on currency crises as well. Here are the most basic links on Paul, it is hard to know where…”
via Marginal Revolution