Bigger Firms Are More Productive And Pay Better Wages

We've long known this was true about manufacturing firms. There appears to be a process of internal negotiation whereby goo profits lead to higher...

Official Statistics Are, You Know, Statistical Estimates….

We should all already know this but apparently some don't. From The Conversation: The problem with official statistics – and three ways to make them...

Why Was Jim Crow The Law? Because Discrimination Is Costly, As...

An interesting little historical question is, well, why was Jim Crow the law? If all white Southerners were racists then it wouldn't be necessary...

As Usual, World Economic Forum Gets Robots And AI Wrong Over...

The World Economic Forum is that gathering of the Great and the Good that takes place at Davos each year. One good explanation for...

Marty Feldstein Worries That We’ll Not Be Able To Deal With...

It's entirely true that governments and central banks around the world don't have all that many tools left to try and deal with the...

Modi’s Mistake – A Falling Rupee Curbs India’s Current Account Deficit...

It's entirely true that the average voter isn't entirely right up to date with the intricacies of trade theory. Heck, most politicians aren't and...

The Gravity Model Of Trade Isn’t Quite What You Think It...

Of interest given Brexit is the gravity model of trade. This is the idea that countries closer to each other will trade more with...

Proof Perfect That People Don’t Actually Care About Inequality

Yes, OK, fair enough, this proof does depend upon us taking as true an assertion in an Observer editorial about economics. Not a limb...

Memo For Kenan Malik – Welfare Is Not A Subsidy To...

Or at least, we've got to be very careful when claiming that welfare is a subsidy to employers. For it is not true that...

What To Do With Nuclear Reactors As Hurricane Florence Comes Ashore

A timely piece from The Conversation: Hurricane Florence may affect the operations of several of the 16 nuclear reactors located in the Carolinas and Virginia, raising concerns...