Here are some quotes from the newest economics nobel laureate Richard Thaler:
Artikel zum Schlagwort: English
An insurance scheme that only ensures problems
By Ludger Schuknecht, chief economist of the German Federal Ministry of Finance. The European Commission’s latest centralisation project for the eurozone is called the European deposit insurance scheme. Dubbed „EDIS“ in Eurospeak, it is intended to complete the European banking … Weiterlesen
Taming Google and Co.
Competition is a rare and fickle thing in the digital world. What can be done about it? Weiterlesen
The German Locomotive Is Moving Fast Enough
A popular theme with the world commentariat is that Germany needs to become a stronger locomotive for European and world growth. These complaints are way owergrown. By Kenneth Rogoff Weiterlesen
Markets, the Theory of the Firm, and Paul Krugman
Is the existence of companies a problem for free-market believers? Paul Krugman says so. But why should it? Weiterlesen
AEA Meeting: Inequality, Rating Agencies and Happiness: Interesting papers at the meeting
Top Tax Rates should be 70-80 percent? CEOs pay their employees less if they have a child? And why are rating agencies so bad? There is a lot to be discussed at the AEA meeting. Patrick Bernau has selected his favorite papers. Weiterlesen
Martha Nussbaum: From Justice to Emotion – Six Important Issues that are Ignored by Economists
Martha Nussbaum is a distinguished philosopher. Together with Amartya Sen, she has developed the famous "Capability Approach" to economics of welfare. Today, she feels that the insights of philosophy are by-and-large ignored by economists. In this excerpt from a lecture held at Frankfurt, she lists six contributions that economists should take more seriously. Weiterlesen
Gary Gorton: "The discussion about the crisis is uninformed and anti-intellectual"
Gary Gorton is one of the most influential and renowned experts on the financial crisis. He explains the subprime disaster and the subsequent financial crisis as an unobserved bank-run on repo and asset-backed securities. He speaks about bad regulation, the importance of information insensitive debt and the future of the banking industry.
By Alexander Armbruster
Paris desires. Berlin decides. An Euro analysis from London
From time to time, Hedge Fund Manager Stephen Jen from London writes comments about the world economy and financial markets. Here is his newest, extraordinarily juicy analysis about the Euro. Weiterlesen
Are markets efficient? Fund managers say: Yes.
Fund management companies tend to employ their best people in inefficient markets – and these are not your everyday markets. Everyday markets seem to be too efficient. By Patrick Bernau Weiterlesen
The Euro: Never Waste a Good Crisis, Part II
Never waste a good crisis: We heard this sentence often in the subprime crisis, but we rarely hear it today. It seems time to call it into memory. By Patrick Bernau Weiterlesen
Surpluses are not that dangerous
Germany is being criticized for its trade surplus. Let's not forget: Deficits are more hazardous than surpluses. By Patrick Bernau Weiterlesen
Euro exit is feasible
Lord Wolfson has asked how the Monetary Union could be dissolved – offering £250,000 for the best idea. On January 1st, Frankfurter Allgemeine's Sunday paper made a proposal. Starting today, the jury is evaluating the proposals, so we are publishing our commentary in English. Weiterlesen
Economist’s profile: Gabriella Conti about Health and Inequality
Why are poor people more often ill? Gabriella Conti from University of Chicago shows how health can be spoiled already for small children. A video interview by Patrick Bernau. Weiterlesen
Economist’s profile: Justin Wolfers about Happiness
Money doesn't make people happy? This is not totally true, as Justin Wolfers has found out. Here is a video interview with him. By Patrick Bernau Weiterlesen
Live from the AEA-Meeting Chicago: My favorite (known) studies
The annual meeting of the American Economic Association starts in Chicago today. These are the most exciting studies, selected by Patrick Bernau. Weiterlesen
Should governments cut their spending? Alberto Alesina’s Answer
Can austerity programs make economies grow? A fierce debate is going on, starting with a study by Alberto Alesina. Now, he replies to his critics. To me, Alesina sounds softer. He attacks Paul Krugman, but he admits that spending cuts might reduce growth in the short run if they are badly executed – while still stressing that they were the only way to get government debt down. By Patrick Bernau Weiterlesen
How to Fight Unemployment – Learning from the German Job Miracle
The discussion about unemployment in the US is quite similar to the one we had in Germany some years ago. Perhaps the German experience can be helpful. But it is not only about Kurzarbeit. By Patrick Bernau Weiterlesen
