Range Finder Diy -ultrasonic

Summer Reading

Here are some suggestions of economic readings for your holidays:

• Tyler Cowen, Discover Your Inner Economist : Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist
• Avinash Dixit and Barry Nalebuff, Thinking Strategically
• Nathalie Elgrably, The hidden face of public policy
• Milton Friedman, Capitalism and Freedom
• Tim Harford, The Logic of Life
• Tim Harford, The Undercover Economist Steven
• Lansburg, More Sex Is Safer Sex: The Unconventional Wisdom of Economics
• John McMillan, Reinventing the Bazaar
• Johan Norberg, In Defence of Global capitalist
• Russell Roberts The Choice: A Fable of Free Trade and Protection
• Charles Wheelan, Naked Economics

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Economic rationality

economists generally postulate that humans are rational. Not that every action of each person is weighed and considered, but rather that, on average, people seeking the best way possible to achieve their goals. Thus, we can predict that people respond to incentives (for example, if the opportunity cost of any action increases, the less people will undertake this action). In this regard, see one of my previous posts . A

interesting debate was held recently in this regard between Tim Harford, a supporter of the orthodox approach and Dan Ariely, who does research in Behavioral Economics. They are each published a book that illuminates the economic position and that of psychologists.

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Hillary and Bastiat

With two years late (!), I just read this text . It states that Sen. Hillary Clinton supported a proposal to make real the famous "Petition of the Candle" by Frédéric Bastiat, one of the most famous parodies of economics.

Last month, Sen.. Hillary Rodham Clinton and nine colleagues (ranging from Barbara Boxer to Tom Coburn) Endorsed a petition from - you guessed it - the domestic candlemaking industrie Asking the secretary of commerce to impose a 108.3 percent tariff on Chinese candle Producers.

Truth is stranger than fiction sometimes!

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The U.S. economy is in recession? My course













We hear (or read) these days contradictory comments on the state of the U.S. economy. Is it a recession or not? Recall the usual definition of a recession:

A period of at least 2 quarters in a row with negative growth in real GDP.

Even if she is anemic, growth is slightly positive so far. Look at the chart above, taken from the journal National Economic Trends, Fed of St. Louis in June 2008. It is possible that growth is negative in the second quarter (ending June 30th) and the next quarter, but no numbers yet. So they may be in recession, but we do know that in the fall.

Note also that due to the natural growth of the labor force and productivity growth, as soon as economic growth falls below a certain level (in Canada, about 2.5% on average), the unemployment rate increases, even if growth remains positive. Unemployment on the rise is not necessarily indicative of a recession.

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Not easy to teach in Chinese with simultaneous translation!

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In China Zhejiang







A nature park, near Ningbo, Zhejiang.




I was there!

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analysis of subjects 'special' by economists

Economists often use their rigorous methodology to address all sorts of subjects:

's economy love ;

The prostitution and marriage;

's economy ecstasy ;

And we could add text on taxes on tobacco and obesity, the price of gasoline and obesity, etc. ...

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chronicles interesting

On other blogs, a selection of reviews on economic topics:

Rising global food prices ;

prices gasoline ;

The economy strip clubs ;

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Very good piece on Hayek

Here is a very good text on "The Road to Serfdom" by Friedrich Hayek.