Showing 1-10 of 22 results
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Why was stock market bubble allowed to develop?
News, Noah Smith, Published on 10/07/2015
» Watching an asset bubble burst is a little like watching a tornado: you know lives are being destroyed, yet nature's awesome power has a strange, terrifying beauty.
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Dumbing down of education policy is a very bad sign
News, Noah Smith, Published on 22/09/2015
» Most people who follow news from Japan will be paying attention to the economy, or possibly to the fist-fight that broke out in the Diet over security policy. But there was a huge and very worrying change in Japanese education policy that somehow hasn't received much public notice.
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Two wrong theories about China
News, Noah Smith, Published on 25/02/2016
» Western observers struggle to make sense of what's happening to the Chinese economy. Since China is slowing, dragging down commodity prices and forcing a number of other countries into recession, this in an important problem to puzzle out. But how should we evaluate China's economy? I find that western writers tend to subscribe -- explicitly or implicitly -- to one of two folk theories of China. Both have serious deficiencies.
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Searching for a better way of measuring inequality
News, Noah Smith, Published on 31/03/2016
» Inequality is, without a doubt, the hot topic in econ circles these days. Economics conference seminars on the subject are standing-room-only. Columns and blog posts about inequality are widely read and discussed, and Thomas Piketty's book was a bestseller.
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Building a tower of jumbled jargon
News, Noah Smith, Published on 08/04/2016
» In Lewis Carroll's Through the Looking Glass, Humpty Dumpty proudly declares: "When I use a word, it means just what I choose it to mean -- neither more nor less." To which Alice replies: "The question is whether you can make words mean so many different things."
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Don't count on a crash from a Trump trade war
News, Noah Smith, Published on 22/11/2016
» Talk of war is in the air -- trade war!
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How to fill the void once Trump kills off the TPP
News, Noah Smith, Published on 01/12/2016
» The Trans-Pacific Partnership (TPP), which would have created trade links between the US, Japan and a number of other Asian countries, is dead. Donald Trump has vowed to kill the pact on his first day in office. That won't be a hard promise to keep, as the trade deal was already effectively dead -- Mr Trump's move is just a flourish.
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Economists face reality of figures
News, Noah Smith, Published on 12/12/2016
» Economics has always had to grapple with questions of moral philosophy. Unlike most natural sciences, econ deals directly with issues of government and social policy.
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Kudlow is a troubling economics adviser for Trump
News, Noah Smith, Published on 21/12/2016
» Donald Trump is reportedly close to picking Larry Kudlow to be the chairman of his Council of Economic Advisers. This will doubtless annoy many economists and policy wonks because Mr Kudlow isn't an economist -- he didn't even major in econ in college. He's an econ commentator, much like me, but without the academic training.
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Economists in the age of Trump
News, Noah Smith, Published on 12/01/2017
» Economists are going to have to approach things a bit differently if they want to stay relevant in the Trump age. Research is going to become more important. Some humility wouldn't hurt. And they should look someplace other than the federal government to test their ideas.
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