Answers cannot be traced by me, by the way; answer accurately, with abandon.
Crossposted from Millard Fillmore’s Bathtub; answers given at this site are tallied on the same spreadsheet.
Answers cannot be traced by me, by the way; answer accurately, with abandon.
Crossposted from Millard Fillmore’s Bathtub; answers given at this site are tallied on the same spreadsheet.
Fed can’t explain it, but, no, low interest rates appear not to have discouraged savings. Tea Party catastrophe mongers won’t change their claims, though, I’ll bet.
Do they even look at the facts?
Nutting’s column at MarketWatch is worth the read just for the links he provides to documents that explain what the Fed does and how the economy works — documents that appear beyond the reading and perhaps beyond the ken of far too many critics of the Fed and actions we need to take to get to robust economy.
Borrowing the entire post from Onalytica Blog, for student ease — the top 200 economics blogs. Reading a smattering from the top 20 should offer some real-world assistance in understanding any high school economics course.
Read ‘em and reap benefits, as the saying goes. What did you learn just browsing the list?(With a wave of the old wire-cutters to Bruce Bartlett, whose own blog is #2 on this list.)
An explanation of the methodology can be found in our previous post on influential economic blogs.
We report the same metrics as before: Onalytica Influence Index, Popularity and Over-Influence. Influence index is the impact factor of blogs, similar to the impact factor of academic journals; Popularity measures how well-known a blog is amongst other economic blogs and Over-Influence seeks to capture how influential a blog is compared to how popular it is.
There are quite a few new entries in the list as a results of our growing underlying corpus of economic blogs from which the most influential ones are calculated. Over time, we should expect to see a reduced number of economic blogs entering the top 200 for the first time.
We have recently added some very well-known and influential blogs such as Economix, FT Alphaville and Vox, causing most blogs to go down in ranking. Moreover, there were other shifts in the ranking generated by a change in the quantity and quality of citations that blogs have received. If a blog has gone up it means that it has been cited by more influential blogs and/or has received a higher number of citations since our last ranking.
|–||1. The Conscience of a Liberal||100.0||100.0||1.2|
|New Entry ★||2. Economix||61.7||64.9||1.1|
|New Entry ★||3. FT Alphaville||60.8||52.0||1.4|
|New Entry ★||4. Vox||57.4||56.5||1.2|
|2 ↓||5. Marginal Revolution||53.1||63.4||1.0|
|2 ↓||6. Brad Delong||50.8||61.3||1.0|
|5 ↓||7. Economist’s View||50.6||62.8||1.0|
|9 ↑||8. Zero Hedge||49.0||57.7||1.0|
|2 ↓||9. Naked Capitalism||40.4||48.0||1.0|
|4 ↓||10. Econbrowser||36.2||42.0||1.0|
|–||11. The Big Picture||35.9||42.6||1.0|
|2 ↓||12. EconLog||35.9||45.3||0.9|
|4 ↓||13. The Money Illusion||30.2||48.0||0.7|
|9 ↓||14. Greg Mankiw’s Blog||30.1||36.6||1.0|
|5 ↑||15. Economic Policy Institute||28.7||35.7||0.9|
|3 ↓||16. Calculated Risk||28.6||25.5||1.3|
|23 ↑||17. Next New Deal||26.2||24.0||1.3|
|New Entry ★||18. On the Economy||25.1||33.3||0.9|
|4 ↓||19. Crooked Timber||24.5||26.4||1.1|
|6 ↓||20. Freakonomics||23.4||32.4||0.8|
|9 ↓||21. Worthwhile Canadian Initiative||23.3||32.1||0.8|
|New Entry ★||22. Tax Policy Blog||22.3||12.3||2.1|
|1 ↑||23. The Baseline Scenario||22.0||25.5||1.0|
|48 ↑||24. Noahpinion||21.9||42.3||0.6|
|6 ↓||25. Cafe Hayek||20.3||26.4||0.9|
|8 ↓||26. Interfluidity||19.8||24.3||0.9|
|11 ↓||27. Why Nations Fail||19.3||27.0||0.8|
|New Entry ★||28. Mish’s Global Economic Trend Analysis||19.3||21.0||1.1|
|3 ↓||29. Credit Writedowns||18.7||23.7||0.9|
|27 ↑||30. Liberty Street Economics||18.0||21.9||1.0|
|8 ↓||31. The Incidental Economist||17.7||22.8||0.9|
|New Entry ★||32. LewRockwell.com||17.2||15.9||1.2|
|New Entry ★||33. The Grumpy Economist||17.1||18.9||1.0|
|13 ↓||34. Angry Bear||16.8||23.7||0.8|
|New Entry ★||35. Macro and Other Market Musings||16.3||23.4||0.8|
|New Entry ★||36. Not the Treasury View||16.0||17.1||1.1|
|16 ↑||37. IMF Direct||15.7||19.5||0.9|
|New Entry ★||38. Steve Keens’ Debtwatch||15.7||16.5||1.1|
|New Entry ★||39. Stan Collender’s Capital Gains and Games||15.5||11.7||1.5|
|New Entry ★||40. Bruegel||15.3||10.8||1.6|
|7 ↓||41. The Policy Center||15.2||26.1||0.7|
|4 ↓||42. Mainly Macro||15.2||8.4||2.0|
|New Entry ★||43. Bill Mitchell – billy blog||14.8||16.5||1.0|
|16 ↓||44. The Irish Economy||14.5||9.6||1.7|
|10 ↑||45. New Economic Perspectives||14.4||17.1||1.0|
|New Entry ★||46. off the charts||14.3||11.1||1.5|
|New Entry ★||47. Eschaton||14.1||13.8||1.2|
|3 ↑||48. Andrew Gelman||14.0||17.1||0.9|
|New Entry ★||49. macroblog||13.9||15.9||1.0|
|New Entry ★||50. Steven Landsburg||13.6||15.6||1.0|
|15 ↓||51. Stumbling and Mumbling||13.4||20.1||0.8|
|27 ↓||52. Overcoming Bias||13.4||21.0||0.7|
|New Entry ★||53. Pragmatic Capitalism||13.3||18.9||0.8|
|7 ↓||54. The Undercover Economist||13.1||12.3||1.2|
|New Entry ★||55. Robert Reich||12.8||15.0||1.0|
|27 ↓||56. The Becker-Posner Blog||12.7||9.6||1.5|
|13 ↓||57. China Financial Markets||12.5||16.5||0.9|
|19 ↓||58. Uneasy Money||11.8||17.1||0.8|
|New Entry ★||59. Consider the Evidence||11.6||10.2||1.3|
|New Entry ★||60. Bleeding Heart Libertarians||11.6||16.5||0.8|
|7 ↓||61. Confessions of a Supply-Side Liberal||11.2||13.5||0.9|
|69 ↑||62. Economics One||11.2||16.2||0.8|
|New Entry ★||63. the nef blog||11.1||8.4||1.5|
|6 ↓||64. The Volokh Conspiracy||11.0||14.7||0.9|
|30 ↓||65. Dani Rodrik’s weblog||10.9||12.6||1.0|
|21 ↓||66. Organizations and Markets||10.9||10.8||1.1|
|119 ↑||67. Conversable Economist||10.5||8.7||1.3|
|New Entry ★||68. Euro Intelligence||10.5||14.4||0.8|
|New Entry ★||69. The Market Monetarist||10.4||12.6||0.9|
|40 ↓||70. A Fistful of Euros||10.2||11.1||1.0|
|New Entry ★||71. The Center of the Universe||10.1||9.9||1.2|
|39 ↓||72. Keith Hennessey||10.0||8.4||1.3|
|New Entry ★||73. Enlightenment Economics||9.9||6.9||1.6|
|52 ↑||74. The Street Light||9.8||8.4||1.3|
|New Entry ★||75. Robert P. Murphy’s Free Advice||9.5||10.8||1.0|
|New Entry ★||76. MacroBusiness||9.4||10.8||1.0|
|68 ↑||77. Econospeak||9.4||11.4||0.9|
|15 ↓||78. TaxProf Blog||9.3||15.6||0.7|
|23 ↓||79. Adam Smith Institute||9.1||16.2||0.6|
|21 ↓||80. Donald Marron||9.0||6.9||1.4|
|New Entry ★||81. Free Banking||9.0||14.1||0.7|
|17 ↓||82. The Reformed Broker||8.9||12.3||0.8|
|46 ↓||83. John Kay||8.8||12.9||0.8|
|New Entry ★||84. Economic Policy Journal||8.8||10.8||0.9|
|54 ↓||85. InfectiousGreed||8.7||9.6||1.0|
|New Entry ★||86. Crossing Wall Street||8.7||7.8||1.2|
|41 ↓||87. The Oil Drum||8.6||10.2||1.0|
|46 ↓||88. Patrick Chovanec||8.5||6.0||1.5|
|New Entry ★||89. Coordination Problem||8.4||15.0||0.6|
|New Entry ★||90. Cheap Talk||8.3||11.7||0.8|
|New Entry ★||91. Michael Hudson||8.3||10.5||0.9|
|40 ↓||92. John Quiggin||8.1||11.1||0.8|
|New Entry ★||93. Kids Prefer Cheese||8.0||11.1||0.8|
|New Entry ★||94. The Market Ticker||8.0||12.9||0.7|
|New Entry ★||95. Real-World Economics Review Blog||8.0||12.6||0.7|
|32 ↓||96. Daniel W. Drezner||7.9||8.1||1.1|
|New Entry ★||97. ToUChstone||7.8||8.7||1.0|
|20 ↓||98. Historinhas||7.8||7.2||1.2|
|New Entry ★||99. Facts and Other Stubborn Things||7.8||8.1||1.1|
|42 ↑||100. Stephen Williamson: New Monetarist Economics||7.8||15.3||0.6|
|New Entry ★||101. Credit Slips||7.8||6.3||1.3|
|New Entry ★||102. The Bonddad Blog||7.7||11.7||0.8|
|New Entry ★||103. The Economic Collapse||7.7||9.3||0.9|
|New Entry ★||104. Corey Robin||7.7||11.4||0.8|
|New Entry ★||105. Sober Look||7.6||8.4||1.0|
|56 ↓||106. Environmental Economics||7.6||7.8||1.1|
|40 ↑||107. Bronte Capital||7.6||7.8||1.1|
|New Entry ★||108. George Monbiot||7.6||10.2||0.8|
|New Entry ★||109. Max Keiser Financial War Reports||7.5||8.1||1.0|
|New Entry ★||110. Club Troppo||7.4||13.8||0.6|
|New Entry ★||111. Catallaxy Files||7.4||12.3||0.7|
|New Entry ★||112. Coppola Comment||7.4||6.6||1.2|
|New Entry ★||113. Of Two Minds||7.4||7.8||1.0|
|39 ↓||114. ThinkMarkets||7.3||6.0||1.3|
|New Entry ★||115. Tax Research UK||7.3||9.3||0.9|
|New Entry ★||116. The Beacon Blog||7.3||9.9||0.8|
|New Entry ★||117. Unlearning Economics||7.2||10.5||0.8|
|75 ↓||118. A Dash of Insight||7.1||3.0||2.4|
|78 ↓||119. Chris Blattman||7.0||10.5||0.8|
|New Entry ★||120. The Aleph Blog||6.9||10.5||0.7|
|New Entry ★||121. Evan Soltas||6.8||8.7||0.9|
|New Entry ★||122. UDADISI||6.7||3.0||2.2|
|26 ↑||123. The Slack Wire||6.7||5.7||1.3|
|New Entry ★||124. Economics for public policy||6.7||9.0||0.8|
|41 ↑||125. Supply and Demand (In That Order)||6.7||4.8||1.5|
|22 ↑||126. NYU Development Research Insitute||6.6||4.2||1.7|
|2 ↑||127. Ludwig von Mises Institute||6.6||9.0||0.8|
|New Entry ★||128. OECD Insights||6.6||4.5||1.5|
|New Entry ★||129. Mike Norman Economics||6.5||8.7||0.8|
|54 ↓||130. The Economic Populist||6.5||8.7||0.8|
|New Entry ★||131. MacroMania||6.4||8.7||0.8|
|65 ↓||132. TripleCrisis||6.2||7.5||0.9|
|New Entry ★||133. Economic Thought||6.2||9.0||0.8|
|New Entry ★||134. Jesse’s Cafe Americain||6.2||11.7||0.6|
|New Entry ★||135. Yanis Varoufakis||6.1||8.1||0.8|
|New Entry ★||136. Political Calculations||6.1||9.6||0.7|
|New Entry ★||137. Dan Ariely||6.1||6.0||1.1|
|New Entry ★||138. Abnormal Returns||6.0||9.0||0.8|
|42 ↑||139. Ideas||5.9||9.0||0.7|
|New Entry ★||140. Monetary Freedom||5.9||8.4||0.8|
|New Entry ★||141. azizonomics||5.9||6.9||0.9|
|76 ↓||142. Tim Worstall||5.9||9.9||0.7|
|51 ↑||143. Falkenblog||5.8||9.6||0.7|
|40 ↑||144. Rajiv Sethi||5.7||7.5||0.8|
|76 ↓||145. Coyote Blog||5.7||8.1||0.8|
|New Entry ★||146. International Liberty||5.6||5.4||1.1|
|59 ↓||147. CoRE Economics||5.5||7.8||0.8|
|68 ↓||148. Knowledge Problem||5.4||8.4||0.7|
|New Entry ★||149. I, Cringely||5.3||3.3||1.6|
|New Entry ★||150. David Smith||5.3||8.1||0.7|
|New Entry ★||151. Sanjeev Sabhlok’s Revolutionary Blog||5.3||6.0||1.0|
|91 ↓||152. Division of Labour||5.3||2.7||1.9|
|New Entry ★||153. Peter Martin||5.2||3.6||1.5|
|22 ↓||154. Neighborhood Effects||5.2||5.1||1.1|
|New Entry ★||155. The Epicurean Dealmaker||5.1||7.5||0.8|
|88 ↓||156. Economists Do it With Models||5.0||6.3||0.9|
|New Entry ★||157. Dr. Ed’s Blog||5.0||5.7||0.9|
|85 ↓||158. Growthology||4.9||4.2||1.2|
|99 ↓||159. Multiplier Effect||4.9||6.6||0.8|
|66 ↓||160. Economics Intelligence||4.9||6.0||0.9|
|69 ↓||161. The Capital Spectator||4.9||6.6||0.8|
|New Entry ★||162. Offsetting Behaviour||4.8||8.1||0.7|
|New Entry ★||163. Antonio Fatas and Ilian Mihov on the Global Economy||4.8||5.4||1.0|
|New Entry ★||164. Tom Woods||4.8||6.0||0.9|
|New Entry ★||165. owenzidar||4.6||3.6||1.3|
|10 ↓||166. Market Design||4.6||5.1||1.0|
|New Entry ★||167. Economics of Contempt||4.6||6.9||0.7|
|New Entry ★||168. Balance||4.5||2.7||1.6|
|New Entry ★||169. Jim Sinclair’s MineSet||4.5||5.1||1.0|
|26 ↓||170. Environmental and Urban Economics||4.4||4.5||1.0|
|New Entry ★||171. An Economic View of the Environment||4.4||1.8||2.2|
|New Entry ★||172. Tax Justice Network||4.4||4.5||1.0|
|New Entry ★||173. Mandel on Innovation and Growth||4.4||4.5||1.0|
|New Entry ★||174. The Sports Economist||4.4||4.5||1.0|
|New Entry ★||175. mathbabe||4.3||6.0||0.8|
|New Entry ★||176. Financial Armageddon||4.3||6.6||0.7|
|107 ↓||177. Brett Keller||4.3||1.2||2.9|
|New Entry ★||178. Social Democracy for the 21st Century: a Post Keynesian Perspective||4.2||8.7||0.5|
|New Entry ★||179. Robert Skidelsky||4.2||4.2||1.0|
|63 ↓||180. Truth on the Market||4.1||5.4||0.8|
|81 ↓||181. Economic Logic||4.1||4.5||1.0|
|New Entry ★||182. Moneyness||4.0||6.0||0.7|
|New Entry ★||183. Sparse Thoughts of a Gloomy Eurpoean Economist||4.0||3.3||1.2|
|New Entry ★||184. Rick Bookstaber||4.0||4.8||0.9|
|96 ↓||185. Alpha.Sources.CV||3.9||4.8||0.9|
|85 ↓||186. Karl Whelan||3.9||2.4||1.6|
|17 ↓||187. Macro Man||3.9||8.4||0.5|
|New Entry ★||188. Robert’s Stochastic Thoughts||3.9||2.4||1.5|
|16 ↓||189. History Squared||3.9||3.6||1.1|
|128 ↓||190. Taking Hayek Seriously||3.8||6.9||0.6|
|66 ↓||191. Ralphonomics||3.8||8.4||0.5|
|New Entry ★||192. Naked Keynesianism||3.8||8.1||0.5|
|New Entry ★||193. International Political Economy at the University of North Carolina||3.8||4.2||0.9|
|New Entry ★||194. Middle Class Political Economist||3.7||4.2||0.9|
|New Entry ★||195. Ed Dolan’s Econ Blog||3.7||4.2||0.9|
|111 ↓||196. Roubini Global Economics||3.7||3.9||1.0|
|118 ↓||197. Club for growth||3.7||5.7||0.7|
|New Entry ★||198. Adam Smith’s Lost Legacy||3.7||7.2||0.6|
|New Entry ★||199. Greed, Green & Grains||3.7||2.1||1.6|
|New Entry ★||200. Cassandra Does Tokyo||3.7||5.7||0.7|
What? You missed this, on February 20, 2011? Well, here it is again. Please pay attention this time.
The U.S. economy appears to be coming apart at the seams. Unemployment remains at nearly ten percent, the highest level in almost 30 years; foreclosures have forced millions of Americans out of their homes; and real incomes have fallen faster and further than at any time since the Great Depression. Many of those laid off fear that the jobs they have lost — the secure, often unionized, industrial jobs that provided wealth, security and opportunity — will never return. They are probably right.
And yet a curious thing has happened in the midst of all this misery. The wealthiest Americans, among them presumably the very titans of global finance whose misadventures brought about the financial meltdown, got richer. And not just a little bit richer; a lot richer. In 2009, the average income of the top five percent of earners went up, while on average everyone else’s income went down. This was not an anomaly but rather a continuation of a 40-year trend of ballooning incomes at the very top and stagnant incomes in the middle and at the bottom. The share of total income going to the top one percent has increased from roughly eight percent in the 1960s to more than 20 percent today.
This what the political scientists Jacob Hacker and Paul Pierson call the “winner-take-all economy.” It is not a picture of a healthy society. Such a level of economic inequality, not seen in the United States since the eve of the Great Depression, bespeaks a political economy in which the financial rewards are increasingly concentrated among a tiny elite and whose risks are borne by an increasingly exposed and unprotected middle class. Income inequality in the United States is higher than in any other advanced democracy and by conventional measures comparable to that in countries such as Ghana, Nicaragua, and Turkmenistan.
Robert C. Lieberman, reviewing the book Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class, by Jacob S. Hacker and Paul Pierson, Simon and Schuster, 2010, 368 pages. $27.00.; review appears in Foreign Affairs, January/February 2011, pp. 154-158.
Two years later, even more:
Every economics teacher knows that old Leonard Read piece, “I, Pencil.” It’s a good, practical demonstration of the concept of Adam Smith’s “invisible hand,” free markets, and the way economies put stuff together for sale without a government agency issuing instructions, written by Read in 1958, for the Foundation for Economic Education, a once-free-market economic think tank that recently made an unexpected (by me) lurch to the radical right.
The essay is dated, though, for high school kids today. Most of the stuff Read properly assumed people knew something about, is left out of modern curricula in elementary and middle school, so a high school teacher must do remedial work in mining, international trade, lumbering, manufacturing, chemistry and metallurgy, just to make the thing make sense. Where we used to learn about pencils in first or second grade, my students in recent years labor under the misconception that pencil leads are made out of lead, and I have to explain to them that graphite is a form of carbon. They don’t know cedar from pine, or mahogany, they don’t know copper from tin from zinc from steel, and they think rubber has always been synthetic.
Imagine my surprise on this: I got an e-mail touting an animated, YouTube update of Read’s essay. It’s not bad, even though it’s from the Competitive Enterprise Institute, which is neither competitive, nor an institute, but is instead a propaganda arm of crazy right-wing wackoes.
Whoever made this film appears not to have had much interference from the CEI poobahs.
Am I missing something? Is this film more right-wing than I see?
I worry that I missed something, or that the producers of this movie wove a spell over the usual radical near-fascist groups. This movie has been touted in recent days by almost all of the usual crypto-black-shirt think puddles, American Enterprise Institute, the unreasoning Reason magazine from the so-called libertarian view, the cartoonish Glen Beck effluent pipe The Blaze, the Coors family’s Heritage Foundation, the offensively-named Lexicans, the biased Cafe Hayek (which is often a good read anyway, so long as you don’t take them seriously on any science issue), the sanctuary for authoritarian-leaning victims of lobotomy Hot Air, and even that publication from the propaganda organization, The Daily Capitalist — in short, it’s been plugged by organizations covering the entire political spectrum from Y to Z, the far right end of the alphabet.
Maybe they didn’t watch it?
For today’s teenagers, someone should do a couple of updates. “I, SmartPhone” and “I, Tablet Computer” could include lessons in government regulation of radio spectrum and how such regulation allows public safety functions and air traffic control to exist alongside great profit-seeking groups, and how such developments would be impossible without government regulation. There would also be a section on the mining and milling of rare Earths, of ores like Coltan, which would introduce the concept of blood or conflict diamonds and ores, the collapse of order in unregulated areas like Congo and Somalia, slave labor as in Pakistan and China. “I, Fast Food Breakfast” could include side lessons in importing of orange juice from Brazil and other nations, artificially-flavored syrups from China and the threat from climate change to U.S. maple tree farmers, and meat from Australia and Argentina, along with the ideas of food safety regulation on eggs and egg products by USDA and FDA. “I, Burrito” could include lessons in cultural diffusion and migrant farm workers who pick the tomatoes . . .
By the way, the fact that pencil leads are graphite (and clay), and not lead, should not be taken to mean that pencil manufacturers came up with a kid-safe product on their own; lead in the paint on pencils was enough to worry the health officials, until regulation got different paints used.
We need a classroom guide on Read’s piece and this new movie that seriously discusses the need for regulation in pencil manufacture, from the safety of the saws used to cut the trees, and in the mills, to the anti-child labor provisions of the graphite and rubber import agreements, to the forest regulation and research necessary to keep the incense cedar wood in production, through the anti-deforestation requirements on rubber plantations and the regulation of lead in the paint. The movie is good, much less right-wing than those groups who fawn over it, but still in need of some real-world economic reality.
Dallas ISD’s “Inside Track” recorded this interview on May 22, 2012.
A few of you were off doing what seniors do in the last month of high school, Thursday, when we passed out the review for the test.
So, here’s what was on the study guide, for your studying pleasure.
Questions on anything? Ask them in comments, and I’ll get the quickest notice.
Be ready to answer these questions; also be prepared to tell which of your stocks performed best, name the company, name the stock symbol, and tell what the company does.
Maybe this will help you understand the Production Possibilities Frontier, and the curves, eh?
What happens if you study both economics and mathematics?
Tip of the old pin cutters to mjmfoodie, Mrs. Brown
If you’re viewing this, you must be viewing out of Dallas ISD’s system. Good for you.
Does this explain the Production Possibilities Frontier, and the curve, more plainly? Tell what you think in comments.
(This is video #10 in the series from “mjmfoodie”)
Especially if you did not get a report card (because you failed a class, for example), the school will be open from 4:00 p.m. to 8:00 p.m. on Monday, April 30, for parents to pick up student report cards and discuss academic performance with counselors.
There is just a tiny handful of students in my classes who will need to boost scores in the last six weeks to be certain to pass the semester, but I’m happy to see parents almost any time. I may not be able to stay for the entire evening, but please check in if you’re here. Bonus points for students whose parents check in, as always.
I’ll be in room 217.