Remembering the Google IPO
A neat post about the 5th anniversary of Google's IPO (Initial Public Offering), which used an auction mechanism to sell shares. The original price of [...]
Stand-Up Economics: The Micro Textbook
To coincide with the release of The Cartoon Introduction to Economics, I'm working on updates of a (free!) companion micro textbook. Here are the latest versions of the textbook: basic and with calculus.
Greg Mankiw on carbon
Read it here. Also interesting is Steven Landsburg's response here.
Adverse selection and unemployment insurance: Bad news
The NY Times reports the (economically) obvious: there's no private market for unemployment insurance. The problem, of course, is adverse selection: Individuals know much more [...]
The $500,000 hot dog
How much would you pay to have the exclusive license to sell hot dogs outside the Metropolitan Museum of Art in NY City? Slate reports [...]
My redesigned website… and my 1/2-LTE in The Economist
Just in time for my Letter to the Editor that was half-published in The Economist (click "more" to see the full LTE), I've got a newly redesigned website, courtesy of Outward Focus Design. I hope you like it, and please email me if you find any problems! [more]
The WSJ is still not admitting that we have a climate problem.
From a June 26 editorial: The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change.
Cake-cutting in the NFL
Here's a neat article about using auctions in NFL overtime.
You might be an economist if…
…you refuse to sell your children because you think they'll be worth more later. …you're an expert on money but you dress like a flood victim (from an old Dilbert, I think) …someone tells you that economics is like a foreign language to them and you respond by speaking slower and raising your voice.
Tax Shift (with Alan Durning)
