Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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A Canadian Econoview

"An Economist’s Observations on the World at Large”

September 19, 2016, 12:18 am, 1675532
The Feb. 11, 2007 Sunday New York Times had an article ($$$ subscription required soon) that's worth taking a look at for what it says about the whole pharmaceutical development process.

You've probably seen the figures which suggest that it costs about $800 million to bring ...

September 19, 2016, 12:18 am, 1675533
It's very reassuring when a paper like the New York Times runs a story which not only gets the economics right, but implicitly accepts the economic analysis as being the way the world works. Perhaps the NYT's not doing it consciously; perhaps sometimes it just fits so ...

September 19, 2016, 12:18 am, 1675534
The South Florida Sun-Sentinel picks up an AP report out of Venezuela which makes one wonder if there mightn't have been some bit of economic theory, or perhaps one or two bits of historical evidence, which might not have predicted, or at least hinted at, this: ...

September 19, 2016, 12:18 am, 1675535
Did you ever run into a news story on a scientific breakthrough which you really, really, really, really, really, really hoped would live up to its initial hype, just because it sounded so cool? Well, if not, The Scotsman newspaper has a story which may ...

September 19, 2016, 12:18 am, 1675531
For a long time, in Canada, beer could only be sold in provinces in which it was brewed. That's why, for example, you could get New Brunswick-brewed Moosehead beer in Texas and in Australia, but not in Ontario. Things have improved since then, but not as much as ...

September 19, 2016, 12:18 am, 1675530
The BBC tells us that Venezuelan President Hugo Chavez is continuing along the path to true socialism, recognizing that there's a bit of economic tweaking required in the follow up to his own version of the Edict on Maximum Prices.

The story's headed:

September 19, 2016, 12:18 am, 1675527
Unusually, I find myself in agreement both with Canada's federal Minister of Finance, Jim Flaherty and with a New Brunswick poverty activist. That's not an impossibility, of course, and how statistically improbable it is depends on how you define the event in question - the probability of my ...

September 19, 2016, 12:18 am, 1675528
What do you get when the government takes it upon itself to supply a commodity at zero price to the consumer? You get a lot of surprised bureaucrats, and headlines like this:

Demand for English Lessons Outstrips Supply

That particular headline's from a ...

September 19, 2016, 12:18 am, 1675529
Terence Corcoran, of Canada's National Post (Financial Post section) newspaper, continued his ongoing, if somewhat sporadic, battle against Harvard economist Greg Mankiw's push for a Pigovian tax approach to reducing gasoline use in a column in the Feb 13 issue of the paper (see also True ...

September 19, 2016, 12:18 am, 1675526
A lot of people take for granted the claim that "eliminating the middleman" is a good thing. they work on the assumption that middlemen make their profit from buying low and selling high - what has been called profit from alienation - without adding any value themselves. In ...