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Monthly Archives: October 2009
The pundits’ dilemma
Mark Liberman says this in the Language Log today, among other good points: Overall, the promotion of interesting stories in preference to accurate ones is always in the immediate economic self-interest of the promoter. It’s interesting stories, not accurate ones, … Continue reading
Posted in Mechanism Design, Public Economics, microeconomics
Tagged behavioral economics, open question, pundits
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Clairaut’s Theorem
For some reason that I do not fully understand, the equality of cross partial derivatives gets all munged up, in naming at least, when taught in the typical math econ class, including the one when I was an undergraduate student. … Continue reading
Posted in Mathematics
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Paul Romer on Elinor Ostrom’s Nobel prize
My old teacher Paul Romer has a fantastic post on Ostrom’s prize award. A long quote follows, but I do strongly recommend the whole thing: Most economists think that they are building cranes that suspend important theoretical structures from a … Continue reading
Glaeser on the “Nobel” prize in economics
Ed Glaeser has a nice essay explaining the work of the awardees of this year’s prize in the New York Times.
Posted in Mechanism Design, Public Economics
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Levitt on the “Nobel” prize in economics 2009
Here is Steven Levitt admitting that he should have known about Ostrom. Nice to see an admission that over-narrowness is not very productive in science.
Posted in Mechanism Design, Public Economics
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Swedish National Bank’s Prize in memory of Alfred Nobel, 2009
Congratulations to Elinor Ostrom and Oliver Williamson for the honor they received. I wish I had time to discuss this properly right now, but class prep is calling. Meanwhile, here is a post by Alex Tabarrok on Wiliamson and one … Continue reading
Posted in Mechanism Design, Public Economics
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