Why Economists support Free Trade
Economist Greg Mankiw reveals the answer in the “Trade: why not?” post on The Free Exchange blog.
Tag: Economics
Serious Economics
For all my economist peers who are sick and tired of monetary policy, financial option valuations, and esoteric econometric specifications, it may be time for a change. The American Association of Wine Economists (AAWE) is holding their second annual conference August 14-16 in Portland, Oregon. The AAWE also publishes the Journal of Wine Economics. I…
UCSD Economics Departmant Ranked #10
According to the U.S. News and World Report UC San Diego was ranked as the tenth best economics department in the U.S.
Economics of Information
Most economics simplify markets and assume that there is one market price. In reality, however, we observe significant price dispersion. Because of this, we see that that searching for the lowest price–while costly–can buyers to superior outcomes. George Stigler (1961) is a seminal paper on the Economics of Information which I will review here. When…
Don’t always believe your local economist
The N.Y. Times ran an interesting pair of articles Sunday regarding how economists “got it wrong.” Conflict of Interest Ben Stein (in “The Long and Short of It at Goldman Sachs“) comments on the economic analysis conducted by economist Jan Hatzius of Goldman Sachs. Dr. Hatzuis concludes that the sub-prime mortgage ‘crisis’ will not only…