NYT - Economy

Bloomberg View

Calculated Risk

  • !NAR: "Existing-Home Sales Retreat 1.8 Percent in June"
    From the NAR: Existing-Home Sales Retreat 1.8 Percent in JuneExisting-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors…
    - 2 hours ago 24 Jul 17, 2:11pm -
  • !Sunday Night Futures
    Weekend:• Schedule for Week of July 23, 2017Monday:• At 10:00 AM ET, Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 5.58 million SAAR, down from 5.62 million in May. Housing economist Tom Law…
    - 15 hours ago 24 Jul 17, 1:27am -
  • Hotels: Occupancy Rate Down Slightly Year-over-Year
    From HotelNewsNow.com: STR: US hotel results for week ending 15 JulyThe U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 9-15 July 2017, according to data from STR.In comparis…
    - 1 day ago 23 Jul 17, 4:23pm -
  • Schedule for Week of July 23, 2017
    The key economic reports this week are the advance estimate of Q1 GDP, New and Existing Home sales for June, and Case-Shiller house prices.The FOMC meets on Tuesday and Wednesday, and no change to policy is expected.----- Monday, July 24th -----10:0…
    - 2 days ago 22 Jul 17, 12:09pm -
  • Oil Rigs decline slightly
    A few comments from Steven Kopits of Princeton Energy Advisors LLC on July 21, 2017:• Total US oil rigs were down 1 to 764• Horizontal oil rigs were down 2 to 653...• $45 WTI seems sufficient to restrain US oil rig count growth• However, shal…
    - 3 days ago 21 Jul 17, 7:48pm -

The Undercover Economist

  • Why we need to build more homes
    If we were living in a movie, the ash-blackened cage looming over West London would be a metaphor for something. Instead, the Grenfell Tower disaster — so catastrophic that we are told we may never know how many people died — is a distinctly un-m…
    - 3 days ago 21 Jul 17, 12:53pm -
  • Three great books about getting the important things done
    I’ve been thinking a lot, recently, about getting things done, and at the top of my list is Cal Newport’s remarkable book Deep Work. (US) (UK) Newport makes a persuasive case that our success in the world of work is often dependent on the amoun…
    - 5 days ago 19 Jul 17, 3:28pm -
  • Wishful thinking in politics is a recipe for foolishness
    Shortly after the hilarious UK election, I had the opportunity to ask a Conservative politician (retired, centrist) what he made of the result. “Good news for a soft Brexit,” was one of his conclusions. That was my impression, too. Since both of…
    - 10 days ago 14 Jul 17, 12:45pm -
  • If your country lets you down, make a new one
    Forget Brexit: I’m declaring independence from the rest of the UK. I’ll always have a deep and special connection with the land where I was born and grew up. Nevertheless, I’m taking back control, just as soon as I can figure out what that mean…
    - 17 days ago 7 Jul 17, 12:49pm -
  • Publication Day!
    For those of us who aren’t J.K. Rowling, publication day is a slightly soft concept. None of this opening bookstores at midnight, or releasing at 3.35pm in order not to disrupt school – alas. Still, it’s always a good day for the hard-working a…
    - 19 days ago 6 Jul 17, 4:25am -

Marginal Revolution

  • !Newsworthy Deaths
    Our World in Data has an excellent writeup of earlier research by Eisensee and Strömberg.  How many deaths does it take for a natural disaster to be newsworthy? This is a question researchers Thomas Eisensee and David Strömberg asked in a 2007…
    - 5 hours ago 24 Jul 17, 11:31am -
  • !Monday assorted links
    1. How to look like a gallery assistant. 2. Lotta Moberg podcast on Special Economic Zones. 3. Why it matters that Melania wore Dior in Paris last week. 4. Why the attack on the Polish judiciary is worse than you think. 5. 375+ Firing Lines episodes,…
    - 10 hours ago 24 Jul 17, 6:49am -
  • !Surprise weddings limit rent-seeking and excess signaling

    - 12 hours ago 24 Jul 17, 4:46am -
  • !Does the President have authority to grant clemency for a state conviction?
    Here is the government’s own answer: No.  The President’s clemency power is conferred by Article II, Section 2, Clause 1 of the Constitution of the United States, which provides:  “The President . . . shall have Power to grant Reprieves and P…
    - 23 hours ago 23 Jul 17, 5:01pm -
  • Sunday assorted links
    1. A history of the federal government and cloud computing. 2. Non-transitive dice. 3. A new book, due out in August: iGen: Why Today’s Super-Connected Kids Are Growing Up Less Rebellious, More Tolerant, Less Happy–and Completely Unprepared for A…
    - 1 day ago 23 Jul 17, 8:32am -

Beat The Press

Liberty Street Economics

Freakonomics

  • !Behavior Change (Ultra Egghead Edition): TMSIDK Episode 24
    Angela Duckworth (psychologist and author of Grit) is our special guest co-host, with Mike Maughan (head of global insights at Qualtrics) as real-time fact-checker. TMSIDK is in Philadelphia with a cornucopia of the world's most renowned behavior cha…
    - 16 hours ago 24 Jul 17, 12:00am -
  • Are the Rich Really Less Generous Than the Poor?
    Season 6, Episode 46 This week on Freakonomics Radio: a series of academic studies suggest that the wealthy are, to put it bluntly, selfish jerks. It’s an easy narrative to swallow. But, Stephen J. Dubner asks, is it true? Plus: a lot of ideas ab…
    - 4 days ago 20 Jul 17, 10:00pm -
  • These Shoes Are Killing Me!
    The human foot is an evolutionary masterpiece, far more functional than we give it credit for. So why do we encase it in “a coffin” (as one foot scholar calls it) that stymies so much of its ability — and may create more problems than it solves…
    - 5 days ago 20 Jul 17, 3:00am -
  • Three Sheets to the Wind: TMSIDK Episode 23
    John Moe (The Hilarious World of Depression) is our special guest co-host, with Maggie Ryan Sandford (science writer, researcher and producer) as our real-time fact-checker. TMSIDK is in Minneapolis for a show exploring the environment, morning drink…
    - 8 days ago 17 Jul 17, 12:00am -
  • Evolution, Accelerated
    Season 6, Episode 45 This week on Freakonomics Radio: Stephen J. Dubner explores a breakthrough in genetic technology that has given humans more power than ever to change nature. So what happens next? Plus: some of the hoops we jump through to get…
    - 11 days ago 13 Jul 17, 10:00pm -

Conversable Economist

  • Food for Thought on Jobs: Tidbits from Solow, Gershon, Mokyr
    The US unemployment rate has been 5.0% or lower for nearly two years, since September 2015, and the most recent estimates for June 2017 show it at 4.4% in June. For most of my life, an unemployment rate at this level would have been cause for near-ri…
    - 3 days ago 21 Jul 17, 2:26pm -
  • The Cycles of Cities
    Cities evolve. Sometimes they boom, with strong growth in center-city areas. Sometimes the center city seems to hollow out, but economic activity in the metro area as a whole, including suburbs, remains fairly robust. Sometimes older neighborhoods wi…
    - 4 days ago 20 Jul 17, 3:38pm -
  • Global Value Chains and Productivity
    Production processes have become more likely to cross international borders, thus creating what are called "global value chains" or "global supply chains." Chiara Criscuolo and Jonathan Timmis discuss "The Relationship Between Global Value Chains a…
    - 6 days ago 18 Jul 17, 1:00pm -
  • The Pricing Answer to Traffic Congestion
    Traffic congestion present several tricky problems of analysis. One is that the amount of traffic on the road at a peak travel time is not fixed. As Anthony Downs in his mini-classic 1992 book, Stuck in Traffic. at least some of the travelers who are…
    - 7 days ago 17 Jul 17, 1:39pm -
  • Apprenticeships for Early Childhood Education?
    Here's the dilemma: On one side, it seems important that those who do early childhood education are well-qualified for the job. After all, one justification for such programs is to help children who would otherwise have already been lagging behind in…
    - 10 days ago 14 Jul 17, 2:22pm -

The Economist

VOX - CEPR's Policy Portal

  • !Shopping costs and one-stop shoppers intensify competition
    Many consumers buy multiple types of goods from a single location (or firm) to save on shopping costs, turning these goods into pricing complements. Using data from the UK, this column shows that the internalisation of these complementary effects by…
    - 16 hours ago 24 Jul 17, 12:00am -
  • Agglomeration benefits versus firm selection
    The large literature on agglomeration economies attests to the higher average productivity of firms in larger cities. However, this literature focuses on positive externalities, and a second potential mechanism – selection against less productive f…
    - 2 days ago 23 Jul 17, 12:00am -
  • The untapped potential of humanitarian economics
    Economists can help better understand and address some of today’s toughest humanitarian challenges. This column argues that the economics of war and disaster – which includes foreign aid – is largely untapped as a field of study and practice. W…
    - 3 days ago 22 Jul 17, 12:00am -
  • Refugees have little effect on native worker wages
    Sudden inflows of refugees have been shown to have little or no impact on native wages, but recent research has challenged this consensus, using instrumental variables to show uniformly large detrimental effects. This column argues that these new res…
    - 4 days ago 21 Jul 17, 12:00am -
  • Hospital competition and performance in France
    It is widely believed that the goal of keeping health expenditures under control while increasing the quality of the healthcare system can best be achieved by giving a greater role to market forces. This column evaluates the effect of a pro-competiti…
    - 4 days ago 21 Jul 17, 12:00am -

EconLog

  • !Three Thumbsuckers, by David Henderson
    When I was writing a lot for Fortune in the late 1980s and early to mid-1990s, an editor of one of my articles casually referred to it as a "thumbsucker." I thought it was an insult, but he explained to me that it meant simply that readers couldn'…
    - 2 hours ago 24 Jul 17, 5:58pm -
  • !Caplan in Paris, by Bryan Caplan
    I'm speaking in Paris this Thursday for Students for Liberty.  Details here.P.S. Here's what I thought the last time I was in Paris nine years ago. (0 COMMENTS)
    - 3 hours ago 24 Jul 17, 1:16pm -
  • !Joseph Rago RIP, by David Henderson
    Wall Street Journal editorial writer Joe Rago died this week at the age of 34. If you read the Review and Outlook editorials--the unsigned editorials that are published on the left hand side of the editorial page and reflect the views of the editors-…
    - 15 hours ago 24 Jul 17, 1:11am -
  • Frank Knight on John B. Watson, by David Henderson
    I dug out of my library a famous unpublished (until 1991) 1932 mimeograph (those under age 45 should look up that term) article by Frank H. Knight. The article is titled "The Case for Communism: From the Standpoint of an Ex-Liberal." It's for a blo…
    - 3 days ago 22 Jul 17, 2:47am -
  • Sudan Sanctions and My Neighbor's Cat, by David Henderson
    Diplomats here expect Washington to drop sanctions in the fall, as planned during the final days of the Obama administration, not least because they failed to achieve some key goals."When the sanctions were implemented, the hope was that there woul…
    - 4 days ago 21 Jul 17, 2:08am -

Paul Krugman

Economists View

  • !Links for 07-24-17
    Multi-party kleptocracies rather than illiberal democracies - globalinequality U.S. Inflation Remains Low, and That’s a Problem - The New York Times Mobility Report Cards: The Role of Colleges in Intergenerational Mobility - NBER Achieving Statisti…
    - 1 hour ago 24 Jul 17, 3:08pm -
  • !Paul Krugman: Health Care Is Still in Danger
    "The latest round of falsehoods about health care, combined with the defamation of the C.B.O., may be gaining some political traction": Health Care Is Still in Danger, by Paul Krugman, NY Times: Will Senate Republicans try to destroy health care...
    - 1 hour ago 24 Jul 17, 3:07pm -
  • Links for 07-22-17
    Some Pundit Meta On Our Twin Crises - Paul Krugman Fake News With Reporting on Disability - Dean Baker The ideology of "the market" - Stumbling and Mumbling The untapped potential of humanitarian economics - VoxEU Is Productivity Growth Becoming...
    - 2 days ago 23 Jul 17, 2:19am -
  • Paul Krugman: Health Care in a Time of Sabotage
    "It’s basically about spite": Health Care in a Time of Sabotage, by Paul Krugman, NY Times: Is Trumpcare finally dead? Even now, it’s hard to be sure, especially given Republican moderates’ long track record of caving in to extremists at...
    - 3 days ago 21 Jul 17, 3:27pm -
  • Links for 07-20-17
    Minimum Wage and Job Loss: Seattle Study Is Not the Last Word - NYTimes The Problem With Trump's Steel Tariffs - Annie Lowrey Buyer beware - American Economic Association In Conversation: Robert Solow - Equitable Growth Asymmetric policies - Stumblin…
    - 4 days ago 20 Jul 17, 4:31pm -

Naked Capitalism