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Commented Feb 18, 2013 on Guns, drugs, and financial innovation at Dani Rodrik's weblog
Guns, drugs, and financial innovation
Is there any difference between these, asks my latest column for Project Syndicate. All three provide private benefits (sometimes), but can cause havoc for the rest of us. Why do we approach regulation in each area so differently? (And how does Mark Thoma beat me to it every time, even when it i...
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Commented Feb 18, 2013 on Syncretic Zoellick at Dani Rodrik's weblog
Syncretic Zoellick
World Bank president Bob Zoellick gave an interesting speech at the Center for Global Development a couple of days ago in which he laid out four big challenges to development and the global economy. Challenge number one, he said, is high food prices. In his words: As financial markets have t...
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Commented Feb 18, 2013 on Is "good governance" an end or a means? at Dani Rodrik's weblog
Is "good governance" an end or a means?
And does it matter? Here are the opening paragraphs of my contribution to a panel discussion on governance tomorrow at the World Bank: A deep insight that has emerged out of the disappointments of the Washington Consensus is that successful policy reform is at its core governance reform. Refor...
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Commented Feb 18, 2013 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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Commented Feb 18, 2013 on Ending famine, by ignoring the experts? at Dani Rodrik's weblog
Ending famine, by ignoring the experts?
by Maggie McMillan, guest blogger According to the NYT, the experts (aka the World Bank) have been pressing African governments to get rid of fertilizer subsidies. This, the article claims, has been a big mistake. The experience of Malawi proves it: farmers in Malawi experienced record harvests ...
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Commented Feb 18, 2013 on Does globalization erode social safety nets? at Dani Rodrik's weblog
Does globalization erode social safety nets?
Economic theory and intuition suggest that as economies become more globalized, the ability of governments to undertake redistributive policies and to engage in social spending erodes. After all, a large part of the tax base--corporations, financial intermediaries, and skilled workers in partic...
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Commented Feb 18, 2013 on Self-discovery in practice at Dani Rodrik's weblog
Self-discovery in practice
It is remarkable to see something in theory work so well in practice. Ricardo Hausmann and I wrote a paper several years ago called "Economic Development as Self-Discovery," where the idea was that entrepreneurship in a developing country consists of discovering the underlying cost structure--w...
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Commented Feb 18, 2013 on Some unpleasant Keynesian arithmetic at Dani Rodrik's weblog
Some unpleasant Keynesian arithmetic
How much of a boost to economic activity will a fiscal stimulus provide? For those who believe that we have entered a Keynesian world of shortage of aggregate demand--me included--the answer depends on the Keynesian multiplier. The size of this multiplier depends in turn on three things in par...
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Commented Feb 18, 2013 on Stolper-Samuelson for the real world at Dani Rodrik's weblog
Stolper-Samuelson for the real world
(Warning: This is a long and wonkish entry, aiming at self-comprehension, and the product of one too many long plane ride.) The Stolper-Samuelson theorem is a remarkable theorem: it says that in a world with two goods and two factors of production, where specialization remains incomplete (plus a...
Jerry John
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Commented Feb 18, 2013 on A parable for the world economy at Dani Rodrik's weblog
A parable for the world economy
(This is the Afterword that appears in my book The Globalization Paradox. It is an attempt to state the book's central argument in the form of a bedtime story.) Once upon a time there was a little fishing village at the edge of a lake. The villagers were poor, living off the fish they caught an...
Jerry John
I would love to stop by. But, I think it might have to wait until this summer. I did not know that Serlkay had ever expanded its size. I must say that a succesful family owned business in this day and age is a very refreshing sight! As well as this is a very refreshing site! small business accounting
Commented Feb 18, 2013 on Are high food prices good or bad for poverty? at Dani Rodrik's weblog
Are high food prices good or bad for poverty?
It depends on whether the poor are selling or buying, of course. High food prices benefit poor farmers who are net food sellers, and hurt poor food consumers in urban areas. Low food prices have the opposite effects. In each case, the net effect on poverty depends on the balance between these tw...
Jerry John
I would love to stop by. But, I think it might have to wait until this summer. I did not know that Serlkay had ever expanded its size. I must say that a succesful family owned business in this day and age is a very refreshing sight! As well as this is a very refreshing site! New York tax preparation
Commented Feb 18, 2013 on An Ethiopian puzzle at Dani Rodrik's weblog
An Ethiopian puzzle
I am in Ethiopia, and it is good to see how much the environment for private economic activity has improved since my last visit a few years back. The economy has been booming since 2003, growing at Chinese rates. But there are ominous signs that the good times will be interrupted by an old-fas...
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Commented Feb 18, 2013 on Ideas, interests, and a video at Dani Rodrik's weblog
Ideas, interests, and a video
This has been a long-standing concern of mine: what are the respective roles of ideas iand interests in shaping policy outcomes? The most widely held theory of politics is also the simplest: the powerful get what they want. Financial regulation is driven by the interests of banks, health policy ...
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Commented Feb 18, 2013 on CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption at Green Car Congress
CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption
Comparison of current federal subsidy to base case assumptions showing lifetime fuel savings (HomeEve charging scenario). An EPA estimate based on the Chevy Volt’s reported efficiency is also included for comparison. The federal subsidy significantly favors larger battery packs to a stronger...
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Commented Feb 18, 2013 on Honda Accord Plug-In Hybrid on sale at select New York and California dealerships at Green Car Congress
Honda Accord Plug-In Hybrid on sale at select New York and California dealerships
The 2014 Honda Accord Plug-In Hybrid Electric Vehicle, rated by the EPA at 115 MPGe1 in all electric mode went on-sale at select New York and California Honda dealers on 15 January 15 with an MSRP of $39,780 and a monthly lease price of $429. (Earlier post.) The Honda Accord Plug-In is rated ...
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Commented Feb 18, 2013 on Nissan cuts entry-level MSRP for 2013 LEAF by 18% to $28,800 at Green Car Congress
Nissan cuts entry-level MSRP for 2013 LEAF by 18% to $28,800
Nissan announced that US pricing for the updated 2013 Nissan LEAF electric vehicle (earlier post) will start at an MSRP of $28,800 for the newly-added entry-level S grade—an 18% reduction from the $35,200 MSRP of the 2012 LEAF entry model, the SV. The entry-level 2013 LEAF S becomes the lowest ...
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Commented Feb 18, 2013 on Honda Accord Plug-In Hybrid on sale at select New York and California dealerships at Green Car Congress
Honda Accord Plug-In Hybrid on sale at select New York and California dealerships
The 2014 Honda Accord Plug-In Hybrid Electric Vehicle, rated by the EPA at 115 MPGe1 in all electric mode went on-sale at select New York and California Honda dealers on 15 January 15 with an MSRP of $39,780 and a monthly lease price of $429. (Earlier post.) The Honda Accord Plug-In is rated ...
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Commented Feb 18, 2013 on MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions at Green Car Congress
MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions
A new report from MIT’s Joint Program on the Science and Policy of Global Change suggests that a tax on carbon emissions could help raise the money needed to reduce the US deficit, while improving the economy, lowering other taxes and reducing emissions. In the report—Carbon Tax Revenue and t...
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Commented Feb 18, 2013 on GM to buy back 200M shares held by US Treasury for $5.5B at Green Car Congress
GM to buy back 200M shares held by US Treasury for $5.5B
General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months,...
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Commented Feb 18, 2013 on Pike Research forecasts clean diesels to represent more than 12% of global light-duty vehicle sales by 2018; outpacing hybrids in North America at Green Car Congress
Pike Research forecasts clean diesels to represent more than 12% of global light-duty vehicle sales by 2018; outpacing hybrids in North America
Annual clean diesel ldv sales by region, world markets: 2012-2018. Source: Pike Research. Click to enlarge. A new report from Pike Research finds that rising fuel prices and stronger fuel economy regulations will stimulate increasing demand for clean diesel vehicles in markets around the wo...
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Commented Feb 18, 2013 on GM CTO says company accelerating electric vehicle development in China; R&D focus on batteries and lightweight materials at Green Car Congress
GM CTO says company accelerating electric vehicle development in China; R&D focus on batteries and lightweight materials
General Motors is accelerating the development of electrified vehicles in China, Jon Lauckner, GM Chief Technology Officer, vice president of Global Research & Development, and president of GM Ventures, said in a presentation at the FISITA 2012 World Automotive Congress in Beijing. In Septemb...
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Commented Feb 18, 2013 on US Sales of Hybrids Drop in September at Green Car Congress
US Sales of Hybrids Drop in September
Click to enlarge. Sales of hybrids in the US in September dipped from the prior month, with a total of 23,301 units sold. That represents an increase of 21.5% from September 2005 but a decrease of 11% from August 2006. In September, hybrids represented 1.72% of the total light-duty vehicle ma...
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Commented Feb 18, 2013 on Oil Sands Fever at Green Car Congress
Oil Sands Fever
An oil sands mine from the air. The Pembina Institute, an environmental group based in Alberta, Canada, has issued a cautionary environmental report on the effects of the boom in Canadian oil sands production. The report, Oil Sands Fever: The Environmental Implications of Canada’s Oil Sands...
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Commented Feb 18, 2013 on The Golf TDI Diesel-Electric Hybrid Concept: 69 MPG US at Green Car Congress
The Golf TDI Diesel-Electric Hybrid Concept: 69 MPG US
The Golf TDI Hybrid concept. The Golf TDI Hybrid concept (earlier post) introduced by Volkswagen at the Geneva Motor Show combines an advanced diesel engine with an electric motor and the latest generation of VW’s seven-speed DSG gearbox. The hybrid concept vehicle is capable of achieving 3....
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Commented Feb 18, 2013 on Novozymes and NREL Reduce Cost of Enzymes for Biomass-to-Ethanol Production 30-Fold at Green Car Congress
Novozymes and NREL Reduce Cost of Enzymes for Biomass-to-Ethanol Production 30-Fold
Novozymes and the National Renewable Energy Laboratory (NREL) have successfully concluded a four-year, $17.1 million initiative to reduce the cost of enzymes required to produce fuel ethanol from biomass waste to $0.10–$0.18 per gallon—a 30-fold reduction since 2001. This reduction from the sta...
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