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Commented Jun 14, 2011 on Yes, demand curves can slope upwards at Dani Rodrik's weblog
Yes, demand curves can slope upwards
A paper with the title "Giffen Behavior: Theory and Evidence" may not get your heart racing with excitement, but here is one of the most interesting pieces of economic research I have seen in a while. Many years in the making, this paper by my two Kennedy School colleagues Rob Jensen and Nolan ...
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Raf,raf sistem ...
Commented Jun 14, 2011 on Should the WTO have "property rights" over domestic policies? at Dani Rodrik's weblog
Should the WTO have "property rights" over domestic policies?
The best definition of property rights is the one developed by Grossman, Hart, and Moore, which says that ownership of an asset implies residual control rights--the right to do with the asset as you please subject to restrictions you may have already accepted via a prior contract. Similarly, we ...
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Raf,raf sistem ...
Commented Jun 14, 2011 on Domestic Blinders at Dani Rodrik's weblog
Domestic Blinders
Sorry, couldn't keep my self from the pun, but it illustrates how the best minds talking about stimulus are excessively focused on the domestic situation and not thinking enough about the international connection. Why wouldn't Blinder add to his wish list international coordination on fiscal st...
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Raf,raf sistem ...
Commented Jun 14, 2011 on More on math and economic development at Dani Rodrik's weblog
More on math and economic development
My previous post on this subject was not met with the warmest reception. Curiously those who liked it chose to send me a private e-mail, while the vast majority of the respondents on the blog itself were at best skeptical and at worst derisive. Being the sucker for punishment that I am, I take t...
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Raf,raf sistem ...
Commented Jun 14, 2011 on Asian growth versus African growth at Dani Rodrik's weblog
Asian growth versus African growth
Here is a chart that has got me thinking. It shows the relationship between currency undervaluation and growth spurts in two sets of economies: those in Asia, and those in Africa. Basically, it depicts the "typical" (average) trend in under- or over-valuation in the ten years preceding and ten y...
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Raf,raf sistem ...
Commented Jun 14, 2011 on How to make global poverty history at Dani Rodrik's weblog
How to make global poverty history
There are two schools of thought on this question--and the chasm that divides them is deep and wide. One group of people believe the answer lies in spending a whole lot of money on schools, clinics, and new drugs in poor countries. What keeps poor people poor is that--well, they are too poor t...
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Raf,raf sistem ...
Commented Jun 14, 2011 on A litmus test on trade policy at Dani Rodrik's weblog
A litmus test on trade policy
by Ricardo Hausmann, guest blogger Dani has many complex and sophisticated arguments regarding his less than enthusiastic support for the Doha Round and his willingness to entertain the wisdom of a standstill. He argues in favor of Hillary Clinton’s position on this matter and against the view t...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on My early life as a political scientist at Dani Rodrik's weblog
My early life as a political scientist
When I applied to Harvard College as a high school senior from Turkey, I wrote on my application form that I wanted to major in electrical engineering. Huh? Wake up Dani, there is no electrical engineering major at Harvard College! Nonetheless, I was admitted, through some quirk of the Harvard ...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Fifteen commandments for and about economics at Dani Rodrik's weblog
Fifteen commandments for and about economics
YouNotSneaky! is very wise, judging from his "12" commandments for and about economists: 1. The answer to most questions in economics is usually “It depends”. 2. People respond to incentives, but incentives are determined in their own head and who knows what goes on in there. 3. But on average, ...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on More from Subramanian on foreign aid at Dani Rodrik's weblog
More from Subramanian on foreign aid
By Arvind Subramanian, guest blogger Referring to Nancy Birdsall’s response to my Wall Street Journal piece on foreign aid, Dani says that the real issue is not whether aid works but figuring out when it works, and how the aid apparatus can be improved to make aid more effective. I would put i...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on What should the World Bank know and think about governance? at Dani Rodrik's weblog
What should the World Bank know and think about governance?
You can read the four short essays on this question produced by Daron Acemoglu, Frank Fukuyama, Doug North, and myself here. There is much convergence of views in these essays, but also some disagreements. Daron and I disagree in particular on two issues: whether industrial policy makes sense o...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Is international labor mobility necessarily good? at Dani Rodrik's weblog
Is international labor mobility necessarily good?
My friend and co-author Murat Iyigun points me to an interesting theoretical paper by Jess Benhabib and Boyan Jovanovic on optimal migration from a global perspective. Contrary to what comes out of textbook models, freedom of labor mobility does not maximize global output in their model. The rea...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on If it is July, it must be time to think about teaching... at Dani Rodrik's weblog
If it is July, it must be time to think about teaching...
This is no joke. Most people think academics get to take the summer off to vacation as they please. Even some of the better informed think the summer is just for research--with students and teaching as far from the mind as possible. The fiction is also reflected in academic salaries, which are p...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on A (crazy?) solution to the U.S.-China trade problem at Dani Rodrik's weblog
A (crazy?) solution to the U.S.-China trade problem
No, I am not referring to plans under way in the U.S. Congress to slap punitive tariffs on U.S exports. What I have in mind is a proposal that is suggested by the underlying economics of the situation, but which no-one has yet put forward. It entails granting China an exemption from WTO rules t...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on The financial globalization debate, played out in India at Dani Rodrik's weblog
The financial globalization debate, played out in India
Financial globalization was supposed to be a boon for developing countries: it would spur growth by providing much needed foreign capital, and it would help smooth consumption. Neither has happened. So proponents are taking a new tack, arguing that the benefits come indirectly, in the form of im...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Can Wolfowitz last? at Dani Rodrik's weblog
Can Wolfowitz last?
It is hard to see how, especially after the World Bank's own Independent Evaluation Group has sharply criticized him. It is in fact remarkable that the IEG's normally mild-mannered director, Vinod Thomas, has come out so strongly against Wolfowitz. Meanwhile, Wolfowitz seems to be digging in h...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on How to make your case in the blogosphere at Dani Rodrik's weblog
How to make your case in the blogosphere
My former assistant Robert Mitchell sends me this useful link on "How To Disagree," which lays out the various forms of argument you can deploy to make your case--from the really terrible ("u r a fag!!!") to the learned refutation ("here are five scholarly papers that show you are wrong"). Unfo...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Why do good economists publish in the WSJ editorial page? at Dani Rodrik's weblog
Why do good economists publish in the WSJ editorial page?
Ezra Klein makes an interesting point on a question that I have often wondered about: [T]here's no outlet in the world that publishes as many economists -- and good ones, too, Nobel Prize winners -- as The Wall Street Journal editorial page. We know, and many of those economists know, that that...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Double standards on trade? at Dani Rodrik's weblog
Double standards on trade?
In response to my summary on trade and prices, DM asks an important question, which goes right to the heart of the debate on globalization: Let us say an new barber moves into my neighborhood. He offers the same quality service as my old barber, but is cheaper. So I use the new barber. A factor...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on The power of advertising? at Dani Rodrik's weblog
The power of advertising?
Warning: this is a self-indulging post. (I can already hear the retort: "you mean all your others weren't...?") Princeton University Press ran a small ad for my book last Sunday in the New York Times book review. I was curious if it would have any effect on sales, so I ran a little experiment. ...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on On Larry Summers and being an anti-globalizer at Dani Rodrik's weblog
On Larry Summers and being an anti-globalizer
Larry Summers' column today in the FT is quite striking for what it reveals about how far mainstream views on globalization have shifted. The following lines may well have been written by, say, Robert Kuttner or Tom Palley: The domestic component of a strategy to promote healthy globalisation...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Globalization clashes with the welfare state at Dani Rodrik's weblog
Globalization clashes with the welfare state
... and globalization wins. That is one way to interpret Hans-Werner Sinn's recent article and book on Germany's economic crisis. Here is a summary of the argument: Europe’s largest and the world’s third-biggest economy, the world’s first welfare state, is in serious difficulties. Dubbed an “ec...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on At Brookings at Dani Rodrik's weblog
At Brookings
The second meeting of the Brookings Panel on Economic Activity under new leadership started Thursday, with some interesting papers on the housing and financial crises. Rarely do you get an academic meeting that is so timely: in attendance were anxious Treasury and Fed officials checking Lehman's...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on This just in... at Dani Rodrik's weblog
This just in...
The World Bank's executive board has just announced that its new president will be selected using a competitive, merit-based process, paying no attention to the nationality of candidates. Breaking precedent, a White House spokesman said that the position as World Bank president is too important ...
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Raf,raf sistemleri ....
Commented Jun 12, 2011 on Summer report at Dani Rodrik's weblog
Summer report
This has been a summer of e-reading for me. A combination of being away from Cambridge with too few books alongside, receiving the Amazon Kindle as a birthday present from my wife, and the upgrading of iPhone software has meant that I have spent far too many hours reading electronic books--firs...
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