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When the textbook industry goes the way of the music industry 26 Aug 2013 | 05:59 pm
Over the fold is a picture guaranteed to strike fear in the heart of anyone hoping to make money in the textbook industry: The screenshot shows a popular site for illegal downloads, with the results ...
Flea Market Economics 23 Aug 2013 | 04:39 pm
At a flea market in Perth, Ontario (Slogan: "We buy junk and sell antiques"), I spotted a pair of used phones. The two are identical in all respects except colour and price. Why should a blue phone h...
What Steve Keen is maybe trying to say 23 Aug 2013 | 12:40 am
Or maybe not. But either way I'm going to say it. There's a fine line somewhere between: just fixing obvious typos in what someone actually said; and totally changing what they actually said. Or mayb...
University Debt II: A Longer-Term Perspective 22 Aug 2013 | 06:18 pm
My recent post on university debt presented data on total enrollment, total long-term debt and the debt to revenue ratio for 20 Ontario universities in 2012. I recently updated the numbers and was a...
Is money exogenous or endogenous? 21 Aug 2013 | 10:11 pm
Most macroeconomists will (correctly) see this as a boring post (though with maybe a small bite in the last paragraph?). But some might find it controversial. I'm just trying to state the usual view c...
Canadian Macro Performance: Better than the G-7 but... 20 Aug 2013 | 06:37 am
We are of course quite used to repeated claims that Canada has outperformed all other G-7 countries in job creation and GDP growth during the recovery from the 2009 recession. Our better fiscal perfo...
The Legend of the Auto Quota: Separating fact from fiction 16 Aug 2013 | 09:12 pm
For people who purport to be skeptical of normative analysis, economists are awfully fond of morality tales. One of our favourites is The Legend of the Auto Quota. Once upon a time, the US imposed a ...
New Keynesians really need the Pigou effect 15 Aug 2013 | 10:44 pm
Because otherwise their models won't work. And yet the canonical versions of their models, which don't even have money, cannot have a Pigou effect. And so New Keynesians are guilty of the Old Keynes...
Wealth, Religion and Inequality 14 Aug 2013 | 09:59 pm
In nineteenth century Canada, religion was a very important institutional and social force and via its social networks affected employment opportunities and ultimately income. Via both direct and ind...
David Laidler goes meta on "What would Milton have said?" 14 Aug 2013 | 08:55 pm
I tried to persuade David Laidler to join us in the econoblogosphere, especially given recent arguments about Milton Friedman. I have not yet succeeded, but David did say I could use these two paragra...
