Tuesday, November 23, 2010


Lane Kenworthy on trickle down economics When is economic growth good for the poor? "What accounts for this difference in the degree to which economic growth has boosted the incomes of the poor? We usually think of trickle down as a process of rising earnings, via more work hours and higher wages. But in almost all of these countries (Ireland and the Netherlands are exceptions) the earnings of low-end households increased little, if at all, over time. Instead, as the next chart shows, it is increases in net government transfers — transfers received minus taxes paid — that tended to drive increases in incomes." There is some discussion in Economist's View. One of the comments by Sandwichman has links to various papers questioning economic growth, for example, "Negative Externalities as an Engine of Economic Growth" by stephano Bartolini.

Interesting format. Barry Eichengreen reviews five books in an interview
Barry Eichengreen on the Euro. A quote "Europe endured a century of conflict. The idea that European integration is a mechanism for delivering peace and harmony is now deeply ingrained. It’s been taught to generations of schoolchildren, and Europe is better off for it". Lessons for the subcontinent?

Ed Yong "Negative Externalities as an Engine of Economic GrowthFake CVs reveal discrimination against Muslims in French job market"inspired by a previous study of racial discrimination in America by Marianne Bertrand and Sendhil Mullainathan "a careful, real-world experiment that does its best to unveil the effect of religion, with all else being equal."

Pervez Hoodbhoy on Peddling Pseudo Science "Why are prominent scientists spreading paranoia in Pakistan that the USA may be triggering earthquakes globally, and could also have caused the catastrophic floods in Pakistan?"

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