Don Arthur’s Missing Links.
The PNC “12 Days” Christmas Price Index now 27 years old. French hens up 230%, calling birds steady, gold rings up 30%. Liked the presentation better before, this one is dumbed down.
Antony de Jasay on Macro, Micro and Fantasy economics. His point is that learning Keynesian macro is worse than learning no economics at all.
Sex education these days begins at 8 and economics is taught as early as 15. These may be necessary, or necessary evils, but seem premature all the same. Economic education much before economic experience may well act as the little knowledge that is worse than none. It is this public that is a sucker for the fantasy economics peddled in profusion today that borrows the language of economics but has no roots in either micro or macro logic.
Bruce Caldwell on teaching the history of economics. Hat tip to Coordination Problem.
Phil Mirowski has written about the physics envy of the economics profession in the 19th century, and I think a continuation of that took place in the 20th century. The perception was that the way to be truly scientific was to know the latest modeling and econometric techniques, pick a field, and then apply them. That vision of science has much less of a role for history. I think the move to that vision is obvious, and it’s one I personally think is wrong and that we’re trying to reverse.
A big tick for New Zealand.
David McKenzie explains why he thinks facilitating international migration should be at the top of everyone’s list of effective development interventions. Compared to microfinance, conditional cash transfer programs and cash grants to microentrepreneurs, a seasonal migration program in New Zealand produced WAY larger gains in annual income for program beneficiaries.
And how that approach could help Haiti.
Ronald Coase and friend on how china became a capitalist state (and is getting rich).