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Did Antitrust Really Used to Be So Tough?
There’s a current argument that the antitrust enforcers at the US Department of Justice and the Federal Trade Commission used to be really tough on big business, at least from the 1940s into maybe the 1970s.
Why is the UK's Productivity So Low?
Lack of leadership, weak management & business investment, supply chain issues, and too few commercial patents are the main factors behind the UK's weak productivity record.
Interview with Emi Nakamura: All Things Macro
Noah Smith serves as interlocutor in an insightful interview with Emi Nakamura (“Interview: Emi Nakamura, macroeconomist,” Noahpinion, February 21, 2022).
The Docility and Groupthink of Academics
Irina Dumitrescu, a professor of English and medieval studies at the University of Bonn, offers some thoughts about the incentives for academics not to rock the boat in “The Frenzied Folly of Professorial Groupthink” (Chronicle of Higher Education, February 16, 2022).
What is “The Sort of Person Who Has a Position at the University”?
This one-paragraph 1997 short story by Lydia Davis, “A Position at the University,” captures, at least for me, some of the ambivalence involved in identifying myself as an academic–that is, about being “the sort of person who has a position at the university.”
The Inaccuracy of Inflation Expectations
The question of whether a burst of inflation turn into permanent inflation should depend, at least in part, on expectations about inflation.
India’s Economy: The Satellite Photo Tour
Last week, I mentioned the Economic Survey 2021-22 published by India’s Ministry of Finance.
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