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Economics of World War I
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"You Cannot Convict Your Opponent of Error; You Can Only Convince Him Of It"
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8 Downside Risks to Indian Economy in 2018
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A Bee Industry Update: Colony Collapse Disorder and Almond Pollination
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A Classic Question: Does Government Empower or Stifle?
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A Currency War Will Only Weaken Growth And Strengthen Gold
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A Global Human Capital Index
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A Meditation with George Orwell on Judging the Choices Made by the Poor
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A Nobel for the Experimental Approach to Global Poverty for Banerjee, Duflo, and Kremer
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More in Global Economy
Interview with Maureen Cropper: Environmental Economics
Catherine L. Kling and Fran Sussman have "A Conversation with Maureen Cropper" in the Annual Review of Resource Economics (October 2019, 11, pp. 1-18). As they write in the introduction: Maureen has made important contributions to several areas of environmental economics, including non-market valuation and the evaluation of environmental programs. She has also conducted pioneering studies on household transportation use and associated externalities." There also is a short (~ a dozen paragraphs) overview of some of Cropper's best-known work, I had not know that Cropper identified as a monetary economist when she was headed for graduate school. Here is her description of her early path to environmental economics:
- 1
The Hearing Aid Example: Why Technology Doesn't Reduce Trade
Will the new technologies of 3D printing and robotics lead to a reduction in international trade? After all, if countries can use 3D printing and robotics to make goods at home, why import from abroad?
- 5
Remembering the Cadillac Tax
When employers pay the health insurance premiums for their employees, these payments are exempt from income tax. If health insurance payments by employers were taxed as income, the government would collect about $200 billion in additional income taxes, and another $130 billion in payroll taxes for supporting Social Security and Medicare (according to the Analytical Perspectives volume of the US budget for 2020, Table 16-1).
- 4
A US-China Trade Deal Will Likely Be A Zero-Sum Game
As I explained on CNBC: Even the most optimistic assumptions are unlikely to change the trend of weak global growth.
- 5
Interview with Emmanuel Farhi: Global Safe Assets and Macro as Aggregated Micro
David A. Price interviews Emmanuel Farhi in Econ Focus (Regional Federal Reserve Bank of Richmond, Second/Third Quarter 2019, pp. 18-23). Here are some tidbits:
- 2
Fentanyl and Synthetic Opioids: What's Happening, What's Next?
The US had 50,000 opioid-involved overdose deaths in 2019. This is similar to the number of people who died of AIDS at the peak of that crisis in 1995. For comparison, total deaths in car crashes is about 40,000 per year. My dark suspicion is that the opioid crisis gets less national media attention because its worse effects are concentrated in parts of Appalachia, New England, and certain mid-Atlantic states, rather than in big coastal cities.
- 4
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