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American Economics

I just came across – via the Economist – an interesting study. Apparently economists are obsessed with America and write precious little about the rest of the world. The study was published in the Journal of Development Economics back in November last year. It sits behind a confounded paywall, but you might be able to […]

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Does it Matter?

To some people there are signs that 2014 will be a better year than 2013 for the economy. Not much better perhaps, but better. Perhaps. I think the most likely outlook is for prolonged tepid growth. But, perhaps, the more interesting question is whether the improvement will matter much or at all to most Americans. […]

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Skill or Dumb Luck?

Both. Be very wary of anyone who claims that their wealth is the result of great skill. Or even hard work. Luck had to play a part. Usually a very significant part. And dumb luck ought not be the basis upon which we build intelligent, caring, or stable societies. Be wary, also, of arguments against […]

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