RSS feedeconomists
’… for their analysis of markets with search frictions
It’s another unexpected and slightly left-of-field decision from the Royal Swedish Academy of Sciences for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (phew).
The 2010 prize has just been awarded jointly to Peter A.
Missing the Housing Bubble 101
Here’s an, erm, brave discussion paper out from the Boston Fed.
In it, authors Kristopher S. Gerardi, Christopher L. Foote, and Paul S. Willen examine “optimism” and “pessimism” about the US housing market before the recent crash.
The Great (Economist) Mortification
Will Philip Mirowski be getting an invite to the next economist shindig?
Perhaps not.
The Carl Koch Professor of Economics and the History and Philosophy of Science at the University of Notre Dame has taken a flame-thrower to the post-crisis explanatory powers of his colleagues,
Paul Krugman wants to reach out and punch someone
Remember that time we said economists were fractious creatures? Forgive us, we misspoke. They’re *really* fractious creatures.
Exhibit A – Paul Krugman’s blog post of July 2 at 7:47am, and headlined:
Bloggers can’t do economics. Discuss.
A new-ish letter (H/T Greg Mankiw) from a Fed economist opens with the below:
In this essay, I argue that neither non-economist bloggers, nor economists who portray economics —especially macroeconomic policy— as a simple enterprise with clear conclusions,
Econo-spats, Stephen Roach v Paul Krugman edition
It’s become increasingly clear that economists are fractious creatures.
Recent spats include Niall Ferguson v Martin Wolf via Paul Krugman and the legendary dispute between Joseph Stiglitz and Kenneth Rogoff.
‘There is literally no-one who has completely covered themselves in glory throughout the crisis’
Timothy Ash, head of emerging markets research at RBS, issued both a mea culpa and a call to arms in a note on Friday.
First, the mea culpa:
The global credit crunch has been a learning experience
Quote du jour, economist dining edition
From a Newsweek article titled “Prisoners of the White House“:
In fact, Paul Krugman seems a little bit testy about the contents of his dinner (conversation).
Economist quote du jour
There’s a bit of irony surrounding the dinner-party guests of the moment (HT Alea).
Related link:
As economy sours, it’s sweet to be an economist – STL Today