The Bretton Woods Agreement

 

Interesting article from the Guardian on the Bretton Woods Agreement and its relevance and implications

today.

Positive signs in the economy so the market drops????

 See the

CBC article

The Use of Models in Economics

 

Economists use models even when we know that they do not perfectly represent the real world. Why would we do this? This article addresses that question.

Christmas Price Index

 PNC as usual has priced out "The Twelve Days of Christmas" a good read, great resource and informative.

Tariffs and their Impact

 

A good example of what often happens when tariffs are introduced. Washing machine tariffs.

Pushing on a String

 An article by Jim Stanford about cutting taxes in a depression (a bad idea) and nice use of one of Keynes famous phrases.

Changes in purchase patterns caused by Covid make Inflation Measurements difficult

 A good article on how Covid influenced purchases and why inflation measurements may not be as accurate right now.

Nobel Prize in Economics

 

Article on this year's winners of the Nobel Prize in Economics. Auction Theory has proven to be very important.

Inflation in Canada

 

CBC article on inflation and the impact of gas and airline tickets.

Modern Monetary Theory

 Where is Canada getting all the money to deal with the Covid 19 situation. Well read the article from CBC on Modern Monetary Theory and you have one of the possibilities. 

After Covid 19 the Jobs coming back will not be the same as the Jobs lost. Structural Unemployment anyone?

Article from the CBC.

Adam Smith as a Development Economist

Interesting view on Adam Smith as a Development Economist and topical regarding his views on colonialism and slavery (spoiler he argued against both)

From the Conversable Economist.

William Easterly's article.

For those that want to see the original An Inquiry into the Nature and Causes of the Wealth of Nations By Adam Smith

Article on Adam Smith and Slavery

More info about the Nobel Prize in Economics this year

A blog article  about it.

Short explanation about it.

A longer explanation.

Austrailain Experiment in Carbon Pricing

A blog by Jim Stanford showing the Carbon Tax effect in Australian

Nobel Prize in Economics looks at reducing Poverty

CBC article here.

Low Growth Economy the Future???

Article from CBC about a Low Growth Economy

Second Guessing Exam Answers

Should you change an exam answer when reviewing the questions? Probably Yes!

See the article by Time Harford

Hyperinflation in Venezuela

Hyperinflation is alive and well in Venezuela. See this article

The Problem with the Laffer Curve

The basic problem with the Laffer Curve is of course that it does not work. It make a great story in the same way many fairy tales do but every time it has been tried it has been a complete failure.

Article of Laffer

More Support for a Carbon Tax

Tim Harford weighs in on the Green New Deal and why we need a Carbon Tax. Read the article.