1. Discussion of money illusion in economics journals: a graph (over time) and discussion.
2. The crisis: who wrote the software?
3. Top young economists? I can think of a few who are missing…but here is the working papers page for the ranked #1, Marc Melitz. The world has some funny disconnects when he doesn't have his own Wikipedia page (TC: he has one now! Try doing the rest of the list.).
4. Expected vs. unexpected uncertainty.
5. How European newspapers are making do.
6. Profile of Ezekiel Emanuel, new health care advisor to the Obama administration.
The money illusion article is great. Thanks for the pointer.
Now Melitz has a Wiki page… (And you could have made one yourself in the same amount of time that you spent bemoaning the lack thereof.)
The effects of money illusion in action can be seen in the behavior of the pizzerias of New York City.
The article on European newspapers focuses on Germany, which has dodged the effects of the financial collapse (so far). In the small part where other countries are mentioned, the european newspapers are dying out.
jim glass:
Or it could be that we are still in a downturn??
Why lower your price again when demand for your product may be slipping, and inflation is on the horizon?
The bit of that article that stuck out for me is that some innovative soul has caught on to the rising price, and is now offering pizza for HALF of what the OLD price was… below what pizza cost 15 years ago! (though, who knows the quality..)
“some innovative soul has caught on to the rising price, and is now offering pizza for HALF of what the OLD price was… below what pizza cost 15 years ago! (though, who knows the quality..)”
~~~
I know the quality, it’s fine.
Lucky for me, my kids actually prefer it over the $2.50 per slice (2.5x cost) places.
The atmosphere isn’t so fine — it’s the Southwest or JetBlue of pizzerias, people are packed in and there are no pretty pictures of Italy on the wall — but you get it to go, and all is well.
Could it be that non-English newspapers are doing better simply because other languages still have smaller, less-developed blogospheres and perhaps fewer sources of free online news content in general?
One flaw of mainstream news media web sites is that most of the relevant information in the article can often be obtained simply by reading the headline. The article itself is often just quotes and factoids and padding to fill out the word count the editor asked for. With blogs, the blog post itself contains most of the information. Posts can be as long as they need to be, whether one sentence or a half dozen paragraphs, and usually go beyond mere data presentation to include analysis, third-party commentary and links to boot.
The ability to largely dispense with reading newspaper articles in English is a relatively recent development. Perhaps languages other than English simply haven’t reached that point yet.
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