Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
Monday, October 10, 2016

Oliver Hart and Bengt Holmstrom Share the 2016 Nobel Price in Economics

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The Nobel committee announced today that for their work in contract theory Oliver Hart and Bengt Holmström won the 2016 Sveriges Riksbank Pr...
Tuesday, December 23, 2014

Will Airbus Give Up on the A380?

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 Two strategic bets When Boeing committed to the Dreamliner (AKA the B787), it made a very different strategic bet from Airbus which had ma...
Thursday, June 20, 2013

Surprise: Institutions Matter and Ours Are going Downhill!

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The decline of America's institutions, and the related rise in red tape that hinders business, may spell the nation's economic doom....
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Thursday, November 17, 2011

The Birth of Arbitrage

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Arbitrage is the simultaneous buying and selling of an asset in two separate markets to exploit a price difference. The Benchmarks Aren...
1 comment:
Monday, October 10, 2011

Thomas J. Sargent and Christopher A. Sims Win the Nobel Prize for Economics

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Rational Expectations and the Ability to Distinguish Cause and Effect Empirically Macroeconomics has long been the theology of economi...
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Tuesday, March 22, 2011

Quote of the Day: Might Institutions Matter?

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" We economists hadn't focused on financial interactions and how that can lead to financial instability. Believe it or not, most m...
Monday, October 12, 2009

Elinor Ostrom and Oliver E. Williamson Win the Nobel Prize In Economics

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"Governance" is the key word in this year's economics announcement.   How do people come up with organizational solutions to p...
Thursday, January 22, 2009

Plain Vanilla Banks Must Wax and Wall Street Must Wane

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John the Baptist told his disciples, "He must increase, but I must decrease." (John, 3:30.) I doubt we will see the same humility...
Saturday, January 10, 2009

What Tesco knows and Woolies forgot

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John Kay is an economist who believes markets do a better job than governments in organizing the economy, but his understanding is nuanced. ...
Monday, August 27, 2007

Use Pricing to Get the Traffic Moving in Manhattan!

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Ken Livingstone argues in "Clear Up the Congestion-Pricing Gridlock" (New York Times , July 2, 2007) that New York City could le...
Friday, November 17, 2006

"Booms, Technological Bubbles and Busts."

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Milton Friedman died yesterday. When I was in graduate school in the late 1960s, many of my peers were disciples of Mao and romanticized th...