• Comments On Today’s News

    Jan 10 • Thinking Economically • 281 Views

    A1 NY Times
    From a town clerk in Genesee, Wisconsin:

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  • Top Ten Economics Bloggers

    Jan 9 • Thinking Economically • 225 Views

    Reading the “Top Ten Economics Bloggers by Scholarly Content”, I wondered what makes a good economics blogger. Daily, the first blogs that I go to are Mankiw and marginalrevolution.com.
    I am especially impressed by Mankiw’s Blog. He is civil, his posts are current, varied, sometimes very funny, always insightful, nicely balanced between bias and fairness.
    The top ten:
    http://www.palgrave-journals.com/eej/journal/v36/n1/fig_tab/eej200946t1.html#figure-title

    Rank Blogger Affiliation Blog
    1 Becker, Gary S. U of Chicago Becker-Posner Blog
    2 Mankiw, Gregory Harvard U Greg Mankiw’s Blog
    3 Posner, Richard U of Chicago Becker-Posner Blog
    4 Roubini, Nouriel New York U RGE Monitor
    5 Samuelson, Paul A. MIT Inside the Economist’s Mind
    6 Foss, Nicolai J. Copenhagen Bus School Organizations & Markets
    7 Wolfers, Justin U of Pennsylvania Freakonomics
    8 Hamermesh, Daniel U of Texas Freakonomics
    9 Langlois, Richard B. U of Connecticut Organizations & Markets
    10 Levitt, Steven D. U of Chicago

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  • No Need For Psychiatry; Just Ask Dr. Economist

    Jan 8 • Thinking Economically • 203 Views

    In today’s Notes post, the link is to Dear Economist, written by Tim Harford for the Financial Times. Using economic ideas to provide answers about love and life, he proves that economics is about so much more than money. Opportunity cost can provide an answer to a study time dilemma, our demand elasticity will influence whether we purchase a sale item, and marginal utility can help us with diets and significant others. And this is only the beginning.

    http://timharford.com/articles/deareconomist/

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  • The Significance of a Big Mac

    Jan 7 • Thinking Economically • 208 Views

    Listening to Part 1 of

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  • Adam Smith and a Physician’s Pay

    Jan 6 • Thinking Economically • 314 Views

    Pondering healthcare reform again, I came across this comment from Adam Smith, 1776, WEALTH OF NATIONS:

    22] We trust our health to the physician: our fortune and sometimes our life and reputation to the lawyer and attorney. Such confidence could not safely be reposed in people of a very mean or low condition. Their reward must be such, therefore, as may give them that rank in the society which so important a trust requires. The long time and the great expense which must be laid out in their education, when combined with this circumstance, necessarily enhance still further the price of their labour.
    (Book 1, Chapter 10)

    In our Econlife note for December 22, 2009, Uwe E. Reinhardt (Princeton economics professor) discusses doctor pay.
    http://economix.blogs.nytimes.com/2009/07/17/what-is-a-just-physician-income/
    You might also look at:
    http://economix.blogs.nytimes.com/2008/11/14/do-doctors-salaries-drive-up-health-care-costs/
    and

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