A Macroeconomic Puzzle Arnold Kling By Arnold Kling, Jul 28 2011 SHARE POST: Explain why, with unemployment over 9 percent, there has emerged the phenomenon of self-service frozen yogurt shops.
Aug 1 2011 Central Planning Metaphors for the Economy David Henderson A much more accurate metaphor for the economy is an ecosystem. We are simultaneously independent and interdependent. We can no more fix an economy than we can fix a rainforest or a coral reef. At best, we can leave it alone. Such is not the faith of a "market fundamentalist," but the implication of a tradition informed... 16 Read More
Jul 29 2011 Economic Growth The Barber (Not) Next Door Bryan Caplan Today I strolled through my childhood neighborhood. Northridge, California. When I passed by the corner house that a barber owned long ago, I imagined the following dialog: Stagnationist: So the world just keeps getting better and better, eh? Well let me ask you: How many barbers can afford to buy a h... 32 Read More
Jul 28 2011 Labor Market A Macroeconomic Puzzle Arnold Kling Explain why, with unemployment over 9 percent, there has emerged the phenomenon of self-service frozen yogurt shops. 38 Read More