Author: admin
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New Economic Perspectives
Another blog with multiple writers, New Economic Perspectives offers economic analyses from several highly qualified economists, legal scholars and financial market practitioners. Following the 2008 Financial Crisis, the bloggers wanted to weigh in on global economics and “provide an accurate description of the cause(s) of the current meltdown as well as some fresh ideas about…
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Econbrowser
Econbrowser is written by James D. Hamilton, Professor of Economics at the University of California, San Diego, and Menzie Chinn, Professor of Public Affairs and Economics at the University of Wisconsin, Madison. Its aim is to analyze current economics and policy – as simple as that. Posts come frequently, often as regularly as every day.
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Naked Capitalism
Naked Capitalism is contributed to by several different authors, all of whom have credentials writing and studying economics. Naked Capitalism began in 2006 as a response to what the founders thought was the “obvious underreporting in the US of the severity and extent of the underpricing of risk in all credit instruments”. It is critical…
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Conversable Economist
Timothy Taylor is the conversable economist, but he’s also an author of several books and the managing editor of the Journal of Economic Perspectives. His blog focuses mainly on economics, but occasionally touches on other topics such as universities and students, and also history.
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Marginal Revolution
Two professors from George Mason University, Tyler Cowen and Alex Tabarrok, set up Marginal Revolution in 2003. Cowen was named in an Economist poll as one of the most influential economists of the last ten years in 2018, and in 2011 Foreign Policy named him one of its Top 100 Global Thinkers. Tabarrok meanwhile has…
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Confessions of a Supply Side Liberal
Miles Kimball, who holds the Eaton Chair in Economics at the University of Colorado Boulder as well as being Emeritus Professor of Economics and Survey Research at the University of Michigan, writes this blog. It proclaims itself as a “partisan non-partisan” economics blog. An independent who grew up “in an apolitical family”, his blog is…
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Mainly Macro
Mainly Macro is a blog written by Emeritus Professor of Economics and Fellow of Merton College, Oxford Simon Wren-Lewis. Wren-Lewis is one of the most esteemed economists of the age, and his blog is, as he says, for both economists and non-economists. It is an essential resource that mixes politics and economics.
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Macro Musings Blog
David Beckworth was formerly an economist at the U.S. Department of the Treasury. Now, he is a senior research fellow at the Mercatus Center of George Mason University. His specialities are monetary economics, international economics, and capital markets. He also has a podcast of the same name, and both the blog and the podcast “reflect…
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Random Observations for Students of Economics
Gregory Mankiw uses his blog predominantly to keep in touch with his own students, but it also serves as an excellent source of information on many economics topics to those currently studying. Mankiw himself is the Robert M. Beren Professor of Economics at Harvard University, so quite the authority!
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Sunk Cost
A sunk cost is the amount of funds/resources that a company/individual has already spent and cannot recover. The concept educates businesses that sunk costs should not influence their future choices or actions. This is because these past expenditures are irrelevant to future decisions. Example:A company produces basic cricket bats for $50 and sells them for…