Submitted by unsettling economics
Karl Marx’s influential articles on India had less to do with India than Marx’s efforts to take control of the leading Republican paper in the United States. I am posting an ancient copy of my work on the subject. The article also suggests the complexity of reading Marx, who had multiple objectives […]

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Submitted by unsettling economics
I have a student — a young woman — from Saudi Arabia.  The first day she showed up in class wearing traditional headdress.  Then I never noticed her again, because she changed her style of dress.
She showed up in my office after missing the first midterm, telling me a horrible story.  I […]

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Submitted by unsettling economics
A few months ago, I was asked to write an article about my experiences as an undergraduate student of Wolfgang Stolper, probably based on a conversation that I had with Mike Scherer. After I submitted it, the editors told me that they wanted details about Stolper’s relationship with Schumpeter, when my conversation […]

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Submitted by Econbrowser
How speculation may be contributing to the most recent moves in oil prices.

An important recent trend in management of pension and hedge funds is the increasing allocation of investment dollars to commodity speculation. There are lots of ways you can do this. Perhaps the simplest is to purchase, say, the July NYMEX oil […]

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Submitted by CARPE DIEM

Surprising even the most optimistic forecasters, the German economy grew 1.5% in the first quarter of this year (6% on an annual basis), delivering its best performance in over a decade despite the global financial crisis and recessionary fears enveloping the United States.

The euro zone, where Germany accounts for a third […]

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Submitted by CARPE DIEM
How much opportunity do Americans have today compared to 25 years ago (MP: about 60% more, according to the chart above)? How does opportunity compare across gender and racial groups? What will matter most in ensuring opportunity in America in the future?
The Economic Opportunity Index (EOI) is a tool for measuring the […]

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Submitted by CARPE DIEM
HT: Andy Roth at Club for Growth
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Submitted by CARPE DIEM
Introduction to Economic Analysis, by R. Preston McAfee, California Institute of Technology

This is a “technical” principles book, assuming a working knowledge of calculus. It will cover most intermediate material as well and could easily be used for an intermediate course; the difference is that there are explanations of principles ideas in […]

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Submitted by CARPE DIEM
American households can buy natural gas at prices that are among the lowest in the world, see chart above (date from EIA available here, p. 43). See related post below on electricity prices.
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Submitted by CARPE DIEM
In 2007, the price that American households paid for electricity ($0.1002 per KWh) was among the most affordable in the world, and about half the price of electricty in many European countries like Denmark, Netherlands, Italy, Ireland, Germany, U.K., Portugal, and Austria (see chart above, click to enlarge). Data from the EIA […]

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Submitted by Businomics Blog
I’ve suspected for a while that we were in a speculative bubble with respect to oil prices.  Paul Krugman offers a good insight into the question.  (When he’s not preoccupied with left-wing rants, he’s a pretty good economist.)  He says (full article here):
… there are only two things you can do with […]

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Submitted by Businomics Blog
That’s contrarian, of course.  Barry Ritholtz over at The Big Picture has a good explanation.  Here’s the nutshell: the “Recession Buy Indicator” looks at the four indicators in the Index of Coincident Indicators, and signals when each of these has declined over the past six months.  That’s a rough measure of whether […]

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