Saturday, December 25, 2010
Monday, December 13, 2010
- Harald Uhlig has an interesting recent paper entitled "Economics and Reality" (intentionally recalling Sims's 1980 ECMA, indeed) . While he discusses the relationship between Economics and Reality (yep, isn't that what you all hope to hear?) mainly in terms of Macroeconomics (you know, the black sheep of the family), I thought he does that in an informative and at the same time very concise way. Hence, highly recommended; I'll quote his end (optimistic, for once...) summary, to get you in the mood: "Reality, i.e. empirical evidence influences economic thinking and theory and vice versa -- but it does not do so in textbook fashion. Jolted by new empirical and theoretical insights and subjected to the fickleness of attention, the frontier of our sciences lurches forward to the unknown territory of ever more profound understanding. If it moves in circles, it hopefully does so on even higher levels. Practical economics and economic policy follows, with considerable distance. Perhaps, this is how it has to be."
- Colbert vs. Mankiw Part 1. Mankiw vs. Colbert Part 2. And here's how it all got started. Obviously we want serious blood, this is just teasing each other. We want more, we want war: we want the Colbert-Mankiw interview! It ain't gonna be easy, after all recall that his Harvard Econ colleague Freeman was a disaster on the Colbert Report (here is an updated link that seems to work)-- albeit his other Harvard colleague Fryer did eventually pretty well (3rd bullet point). But Mankiw is no nonsense, so this could be tough :-). Bets are open!
- Hopeless and hapless Romania: well, you do get what you wish for..., where "disappointing" is a euphemism.
- A must read (also for philosophers and 'other social scientists'): Avinash Dixit's " My Philosophy of Economics, Life, and Everything (Not!)", the sequel to his by now (in)famous "My System of Work (Not!)" . As smart and humorous as always.
- And finally. Off with you, Mr. Pitt: here cometh the Age of the Wimp!
Saturday, December 04, 2010
I have not seen anything more dramatic and powerful than this in the modern art world perhaps since Pink Floyd's The Wall movie. This is a work of perfection, there is no single detail left to chance; for instance, obviously it could have only ended apocalyptically-- on Apocalyptica's version of Nothing Else Matters.
After this, what is left for us to write? I bow in front of the real talent.