John At CIFT (Free subscription) | 30/11/2009
I am skeptical. Financial transactions are easy to move: If two parties to a financial contract can just as easily sign and enforce the contract in the Cayman Islands as in New York or London, there is little point in US or UK policymakers imposing a Tobin tax. Unless, of course, moving the finance industry offshore is the policy goal. via Greg Mankiw’s Blog: Is a Tobin Tax feasible? .
Schneider Home (Free subscription) | 5 hours ago
... better outcome overall. Another good example of a tax in form, not substance can be found on Greg Mankiw's blog. The Harvard Professor set his readers a puzzle . In short, in his example, with a tax in form the citizens get a total net benefit of 2 fish, but with a tax in form the net benefit to each citizen is 2.8 fish. We should be far clearer in seperating out taxes and stating what they...
FutureOfCapitalism.com (Free subscription) | 30/11/2009
The Boston Globe takes a look at how Lawrence Summers screwed up Harvard before being promoted to running White House economic policy. Link via Mankiw.
siemslegal (Free subscription) | 30/11/2009
Beyond formalist realist divide (Balkinization) Emissions trading schemes (Bank law blog) Theorising global legal order (Comparative law blog) Most notable ECJ cases (Conflict of Laws) Cassandra awards (Conglomerate) Lord Myners on Corporate Governance (Corporate Law and Governance) Lisbon Treaty and Czech Constitutional Court (EU Law) More on Larry Summers (Greg Mankiw) Jurisdictional competition...
EconLog (Free subscription) | 30/11/2009
... have to be in Bernanke's shoes to understand his conduct. Back in September of 2008, for example, Mankiw wrote : I know Ben Bernanke well. Ben is at least as smart as any of the economists who signed that letter or are complaining on blogs and editorial pages about the proposed policy. Moreover, Ben is far better informed than the critics. The Fed staff includes some of the best policy economists...
Schiller Wine (Free subscription) | 30/11/2009
Picture: The Great Wall --- China Source: Greg Mankiw's Blog, November 23, 2009 This is an interesting chart which shows the shares of various regions in world GDP. Within the past 40 years, the shares of the three main regions --- EU, USA and Asia/Oceania --- have converged to around 27 percent, with the US going steady, the EU falling by roughly 10 percentage points and the Asia/Oceania region...
Wall Street Pit (Free subscription) | 29/11/2009
In a recent post, Mankiw favorably reviews a David Brooks column that argues that health care boils down to an equity/efficiency trade-off—the US vs. Western Europe. Mankiw concludes: David Brooks gets it right today about the debate over healthcare reform. The fundamental question is, Should...
John Goodman's Health Policy Blog (Free subscription) | 7 hours ago
I must have slept through my Econ 101 course that day…the day when the professor and the textbook explained that you get efficient production…by…creating a government commission to discover the best techniques and then ordering all the workers to follow the government’s direction. But no…I went back and checked a few introductory econ books: Samuelson, Gwartney and Stroup, Mankiw, and Krugman....
Greg Mankiw's Blog (Free subscription) | 28/11/2009
The Harvard Crimson visits the Mankiw family abode .
Bright Rights (Free subscription) | 28/11/2009
... possible. It also, however, makes these transactions relatively easy to identify and tax. Greg Mankiw disagrees : Even if most transactions are now settled in one place, that need not be the case in the future after a significant change in the policy environment…The finance industry is set up to take advantage of very small price differences. If London became ever so slightly more...
Howard Lindzon (Free subscription) | yesterday
... course every semester? Of course not. Obviously, if you could take a class from Greg Mankiw or Tyler Cowen why would you resort to taking a class from some mid-level hack (assuming prices were similar)? The only reason 5,000 teachers are regurgitating the same subject in 5,000 separate classrooms around the country is because as little as a few years ago we didn’t have the technology for...
AMERICAblog (Free subscription) | 28/11/2009
From conservative economist Greg Mankiw : Put simply, the healthcare reform bill would make the United States more like western Europe. That may mean more security about healthcare, but it also means that future generations of Americans will likely spend more time enjoying leisure. Yeah, wouldn't want that to happen.
EconomicPolicyJournal.com (Free subscription) | 28/11/2009
Write an economic textbook with plenty of Keynesian nuttiness and it has a chance to become the standard for the industry. That's what Harvard Pofessor Greg Mankiw has done. Here's the house that he bought with his millions:Slideshow via the Harvard Crimson.Well, at least it's big.
TaxProf Blog (Free subscription) | 28/11/2009
Future of Capitalism, House Democrats Ready a Tobin Tax The Hill, Democrats Push $150B Stock Tax on Wall Street New York Times op-ed, Taxing the Speculators, by Paul Krugman Greg Mankiw's Blog, Is a Tobin Tax Feasible? Times Online, Congressmen Float Trades Tax Wall Street Journal, Government Deficits and Private...
even yet another blag (Free subscription) | 28/11/2009
WSJ - Mr. Pigou's intellectual legacy is being rediscovered, and, unlike those of Messrs. Keynes and Friedman, it enjoys bipartisan appeal. Leading Republican-leaning economists such as Greg Mankiw and Gary Becker have joined Democrats such as Paul Krugman and Amartya Sen in recommending a Pigovian approach to policy. Much of President Barack Obama's agenda—financial regulation, cap and...
