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Marginal Revolution
 

Marginal Revolution

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All articles by this author

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Business World Wide Losses are the Best Losses

World Wide Losses are the Best Losses

From the frozen lands of Norway’s Arctic Circle to the hot sands of the Middle East and the booming metropolis of Shanghai the losses from America’s subprime crisis are popping up around the world like angry whac-a-moles. The losses are large (...)

7 avr. 2008 | | Marginal Revolution

Media

Facebook markets in everything

In November, the duo created Friends for Sale, now one of Facebook’s most popular games with nearly 700,000 daily players. Users buy, sell and own their friends, as though their friends were pets or stocks. Owners can control their acquisitions, (...)

2 avr. 2008 | | Marginal Revolution

Business

Income per natural

It is easy to learn the average income of a resident of El Salvador or Albania. But there is no systematic source of information on the average income of a Salvadoran or Albanian. In this new working paper, research fellow Michael Clemens and non-resident (...)

1er avr. 2008 | 1 comment | Marginal Revolution

Comment Retribution, by Max Hastings

Retribution, by Max Hastings

In the course of the war, Germany lost 781 submarines, Japan 128. By contrast, the Japanese navy sank only 41 American submarines, 18 percent of those which saw combat duty. Six more were lost accidentally on Pacific patrols. Even these relatively modest (...)

31 mar. 2008 | | Marginal Revolution

Comment

Jeff Sachs on water policy

Chapter five of Common Wealth is called "Securing Our Water Needs," an important topic but one neglected by most economists. One lesson is that climate change will put a big stress on water supplies. So far, so good, but the recommendations (...)

27 mar. 2008 | | Marginal Revolution

Comment

Jeff Sachs’s Common Wealth

A few MR readers have written in and asked for a more detailed assessment of Jeff Sachs’s new book Common Wealth : Economics for a Crowded Planet. I’d like to go through some of the core chapters of the book, focusing not so much on the book (...)

26 mar. 2008 | | Marginal Revolution

Comment

Why are commodity prices rising so fast ?

Well, today they’re not, they seem to be plummeting. Still they have been rising rapidly for years. Paul Krugman surveys some views, click through to the Frankel post as well. Yes I do think high and rising commodity prices have been a bubble (...)

21 mar. 2008 | | Marginal Revolution

Business

gdp vs. gdp per capita

Using growth in GDP per head rather than crude GDP growth reveals a strikingly different picture of other countries’ economic health. For example, Australian politicians often boast that their economy has had one of the fastest growth rates among (...)

18 mar. 2008 | 1 comment | Marginal Revolution

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