Friday, October 23, 2009
I'm no Keynesian, but it was a great segment.
Thursday, October 22, 2009
The first week, "More Is Less," covers rising costs.
The second week, "Other People's Money," takes on the insurance industry--in a very entertaining hour. (In fact if you listen to just one, this is the one.)
And they do a nice job of getting at the source in nearly every case: fairly basic micro-decision-making based on the incentives and institutions at work.
So have fun listening as NPR spreads the blame around. Both may be streamed for free by following the links above.
But it may not be that easy to catch the cheats: it requires a full audit, and the IRS has flagged over 100,000 suspicious returns so far.
A key piece of the puzzle: you don't have to prove you actually bought a house to claim the credit.
NPR's Morning Edition has a report:
Friday, October 16, 2009
Thursday, October 15, 2009
Ms. Rehm' guests:
Kelly Brownell, director, Yale University's Rudd Center for Food Policy and Obesity.
J. Justin Wilson, senior research analyst, Center for Consumer Freedom.
David Kessler, former commissioner of the Food and Drug Administration and author of The End of Overeating.
Note, though, that while historical statistics can be suggestive of future events, they are not the odds that some future event will or will not happen.
'Book of Odds' gives eye-opening stats
Want to know what the odds are you'll survive two atomic bombs? How about more specific odds about yourself? The new Web site "Book of Odds" allows you to get up and personal about your own statistics. Bob Moon talks to founder Amram Shapiro.
In most notes she sends along clippings of articles she has run across that she thinks will interest me. She is a voracious reader--of everything. In today's envelope, along with a very nice note and another clipping, I found a letter to the editor she'd snipped from the Star Press of Muncie, Indiana.
Moms know their sons, don't they? If you have any doubt, check out the letter:
No free lunch
JIM ARNOLD • Muncie • October 4, 2009
It was early in my student career at BSU [Ball State] when I enrolled in Econ 101. The first day of class, our long-haired economics professor strolled confidently into the classroom and inscribed TANSTAAFL on the chalk board. TANSTAAFL, he claimed, was the fundamental theory of economics.
Being a little wet behind the ears, I fell for his spiel hook, line and sinker. I pondered the language of origin of this odd sounding word . . . .
(More -- Hat tip: Mom)
Monday, October 12, 2009
Sunday, October 11, 2009
I still don't know why it has that animated eagle, though. Keep an eye out for it:
The economics award is usually the last of the Nobel prizes to be announced. Correctly so, for it was also the last to be created – and strictly speaking is not even a real Nobel prize. The five original awards, first given out in 1901 for literature, peace, medicine/physiology, physics and chemistry, were intended by Alfred Nobel to recognise contributions that enhanced the quality of human life, through scientific advance, literary creativity or efforts at bringing about peace.
The economics prize is not a prize of the Nobel Foundation; rather, it was created in 1968 by the Central Bank of Sweden as a "prize in economic sciences in memory of Alfred Nobel". However, it now has the same procedure of selection by the Swedish Academy, and the same cash award presented at a similar ceremony as the Nobel prizes.
There have been recurrent doubts about whether it conforms to the basic goals of the prizes as envisaged by the founder. Is economics a science, on the same lines as physics or chemistry? Does it unambiguously contribute to human wellbeing, like peace or literature? In any case, should economics be privileged over other branches of learning?
Thursday, October 8, 2009
Wednesday, October 7, 2009
I'm interested to know your reaction. If you read the short piece and have a thought or two, I'd love to know.
Monday, October 5, 2009
Announcement of the 2009 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel--Watch It LIVE
Thomson Reuters forecasts winners each year using citation records of economists' scholarly contributions. (But please, no wagering.)