Category General
Yes, GDP is a flawed measure of welfare. So what?
Roy Romanow has a new project: the Canadian Index of Well-Being. In an op-ed in today's Star , he writes: There's more to life than GDP: GDP is simply the value of all goods and services produced in a country in a given year. It was first introduced in the U.S. during the Great Depression […]
“Investment” in housing
Talking about "investment" in housing is guaranteed to provoke a reaction. It's a way of talking about houses that sounds so reminiscent of the bubble mentality. It's yesterday's way of thinking. "A house is not an investment; it's a place to live!" is today's way of thinking. I decided to write this post after reading […]
Yet another review of Joseph Heath’s “Filthy Lucre”
I spent the past weekend in Toronto, attending the meetings of the Canadian Economics Association, and I took advantage of the occasion to track down the book that was the subject of Nick's earlier post. (The bookstores here in Quebec City cannot be relied upon to provide such fare). To echo Nick's review, it is […]
A Canadian economics blog! A Canadian economics blog!
Adam P – a frequent and insightful commenter here on WCI – has decided to start his own blog: Canucks Anonymous! His latest post has beer and pizza! Enjoy!
David Andolfatto is blogging. Adjust your feeds accordingly.
Oh, this is very, very good news. Simon Fraser University's David Andolfatto – one of the best macro theorists in Canada – has started a blog: MacroMania. It occurs to me that the Canadian economics blogosphere relies inordinately on people who have a link with the University of Western Ontario. John Palmer at EclectEcon and […]
My spam filter has become Skynet
I've been receiving messages to the effect of "What happened to my post?" from several long-time and valued contributors. Currently, comments are not moderated, so they should appear immediately. If I see spam, I delete it ex post. It would appear that my spam filter has noted that the comments I delete have links, and […]
On the benefits of school choice: a not-particularly-clean natural experiment from Quebec
In an earlier post, I noted that Ontario Catholics are able to choose between sending their children to the (Catholic) separate schools system or the public system, while non-Catholics can only go to public schools. Separate schools systematically outperform their public school counterparts, even though they receive the same funding and draw from almost-identical populations. […]
Housekeeping note: a search feature has been added. Should anything else be?
After more than three years and more than 400 posts, I'm no longer able to remember who said what where and when, so I've just followed the helpful instructions provided by Typepad and installed a search thingy on the sidebar. Does anyone have any requests about how the blog should be set up? Features to […]
We’re number eleven? Really?
Here is how The Palgrave Econolog ranks the top economics blogs as of this writing: Marginal Revolution Paul Krugman Econbrowser Econlog Portfolio.com: Market Movers Economist's View Megan McArdle Macroblog Brad DeLong Dealbook Worthwhile Canadian Initiative Wow. How did that happen?
Economists’ fatal flaw: diffidence
Paul Krugman asks why more economists didn't make more of an effort to draw attention to the bubbles in the US housing market. My answer is that economists are by training – if not by nature – perhaps too diffident. If people behave in a way that cannot be reconciled with what our theories predict, […]
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