Sunday, April 26, 2015

On the blogs

Roland Fryer wins the John Bates Clark medal -- Tyler Cowen shares the info, with a link to the AEA official announcement. The prize is a freakonomics prize. Fryer, for example, suggests that paying minority kids for grades might be a solution for inequality. He is also in favor of charter schools (my personal experience in SLC was terrible I should add). For a methodological critique of the freakonomics project see this book by Ben Fine.

Economists Actually Agree on This: The Wisdom of Free Trade -- Greg Mankiw repeats this inanity. Het tells you that: "Among economists, the issue is a no-brainer." No brain is right. Based on the Heckscher-Ohlin model. Turns out that the HO model falls with the capital debates. See here. And lots of reasonable economists going back to Hamilton and List, to Chang and Samuelson have noted that Free Trade does not always hold.

A New Deal for Greece -- Yannis Varoufakis, because not all economists sold out, or are just stupid.

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