The day of select economic links has come!
1. Ukrainewatch blog links to the ISET blog post by Michael Fuenfzig. International publicity is great!
2. Interesting stats from Mark Perry. I was always sure that US had the cheapest food compared to the income. My intuition was correct!
3. And from him again, a controversial but quite sensible post on racial diversity in practice.
4. Some economists think that there’s no real crisis in Europe. Do you agree?
5. The Economist writes about the similar recent decisions of three of the world’s main central banks and offers a collective term for central banks. Referring to the very first sentence of this article – my favourite collective noun is “an exaltation of larks” (and a murder of crows sounds as tasty!).
6. Back to Adam Smith? Maybe not, but the figures are interesting nonetheless.
7. Two posts from Noah Smith. First – on people vs. institutions. And second – on freedom at a workspace. Do read the posts he links to as well – they are good, as usual.
8. Finally, Nick Rowe first adds another post to the problem of nonlinearity in economics…
9. … and has a very good illustration of the rational choice theory.
Comments
@2 I am not sure this is a really appropriate measure though, as households - to some extent - chooose how much they want to spend on food. In particular in the US or other rich countries, where food consumption is not just about sustaining oneself.