Submitted by Businomics Blog
If you are more comfortable reading Spanish, this is good news for you.  For more information on the Spanish edition, click here.  It’s priced at 18.5 euros, which makes the American edition look like a bargain.  There’s also a UK version.  For more information about the plain-old American edition, click here.
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Submitted by Econbrowser
Barack Obama gave a fine speech at the Democratic National Convention on Thursday. But I’m troubled by what I see as its underlying economic philosophy.

As I listened to the speech by Barack Obama accepting the nomination of the Democratic Party for the U.S. presidency, I felt I was listening to a very gifted […]

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Submitted by unsettling economics
I have written a couple times about the irrationality of stock buybacks from the standpoint of corporations using their money to manipulate stocks in expectation of higher bonuses. Today’s Wall Street Journal offers another take on the subject. Besides providing a sense of the magnitude of stock buybacks, the article concentrates on […]

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Submitted by unsettling economics
In looking through William Stanley Jevons’ Principles of Economics, mostly a collection of unpublished fragments, Jevons concluded a section on negative value with a fascinating story from Herodotus on auctions in the Babylonian marriage market. The story speaks for itself and requires no commentary on my part.
137: “According to Herodotus the Babylonians […]

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Submitted by CARPE DIEM
Former Harvard President Lawrence Summers on the issue of female under-representation in tenured positions in science and engineering at top universities and research institutions at NBER’s Conference on Diversifying the Science and Engineering Workforce in 2005:

If it was really the case that everybody was discriminating, there would be very substantial opportunities for […]

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Submitted by CARPE DIEM
G.M.’s vice chairman, Robert A. Lutz, said Thursday that automakers were “deserving” of as much as $50 billion in government-backed loans so that they can build more fuel-efficient cars.

From Davy Crockett’s “It Not Yours To Give” story:

The power of collecting and disbursing money at pleasure is the most dangerous power that can […]

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Submitted by CARPE DIEM
Exxon’s record profits and its possible “windfall profits” have received a lot of media attention recently - do a Google search for “Exxon’s record taxes” or “Exxon’s windfall profits” and you’ll find several hundred thousand results for either. Do a Google News search for “windfall profits tax Senator Obama” and you’ll find […]

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Submitted by CARPE DIEM

I would argue that over the long term, oil companies’ profits relative to sales are not above average for industrial or financial companies. But even if they were, why punish the owners of the oil companies, who are largely pension plans, group or individual, and individual investors (see chart above)? Why should […]

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Submitted by CARPE DIEM
Economist Thomas Sowell unloads on Obama.
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Submitted by CARPE DIEM
As anti-corporate crusaders are now discovering, instead of advocating for legal prohibitions on chain stores or attempting to zone the offending businesses off of Main Street USA, mom-and-pop shops can successfully combat the coffee behemoth by using old-fashioned market competition.
Watch the ReasonTV video here: STARBUCKS VS. THE LITTLE GUY
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Submitted by CARPE DIEM

From ReasonTV (note that this is a spoof/parody, Reason is strongly pro-free trade).
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Submitted by CARPE DIEM

On this recent CD post, I featured the top map above (click to enlarge) showing annual home prices changes from OFHEO. In the light blue states, home prices have increased over the last year year (2007:Q2 to 2008:Q2), and in the yellow and red states home prices have declined, with the largest […]

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Submitted by CARPE DIEM

Some 94% of Americans polled by Harris Interactive this month said they were satisfied with the lives they lead. According to Gallup, only 9% of Americans are dissatisfied with their jobs and only 13% are dissatisfied with their job security. The unemployment rate is at a five-year high of 5.7%, but it […]

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Submitted by CARPE DIEM
Lifetime:

Link

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