Ed Dolan's Econ Blog

Archive for March, 2014

  • Austrian Environmental Economics (Part 1): Air Pollution as a Coordination Problem

    The Austrian school of economics has experienced a renaissance in recent decades. Its adherents have put their distinctive paradigm to work in nearly every field within their discipline. This post is the first of two that will examine the Austrian approach to environmental economics, with special emphasis on the problem of air pollution. (Follow this […]

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  • First Look at Q4 Domestic Income Shows Labor Share at Record Low, Corporate Profits at Record High

    New data released today by the Bureau of Economic Analysis showed that GDP grew slightly faster than previously estimated in the fourth quarter of 2013, an annual rate of 2.6 percent rather than the previously reported 2.4 percent. Consumption grew more strongly than previously estimated and investment slightly less strongly. Other components were little changed. […]

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  • Getting Energy Policy Wrong Around the World

    This interview by James Stafford was first published by March 18, 2014 Smart energy policies seem to be elusive. The US policy disappoints environmentalists and industry alike; Europe’s policy is economically disastrous but is getting people to change their habits; and developing-country subsidies aren’t helping the people they’re supposed to. At a point in […]

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  • Multiple Jobholders: Another Sign of a Job Market in Crisis?

    How many times since the start of the Great Recession have you heard a story like this one, from USA Today? Heather Rolley’s primary occupation is motherhood, but it doesn’t pay the bills. So most days, after she takes her daughter and two sons to school, the 36-year-old divorcee heads to work. Some days it’s […]

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  • Obama’s 2015 Budget Follows Long Tradition of Excessive Optimism

    The budget for fiscal year 2015 (October 2014 through September 2015), just published by the White House, presents an optimistic prognosis for US fiscal health. Like all budgets, it looks ahead not just one, but several years. It projects that the budget deficit, expected to be 4.1 percent of GDP in 2013, will fall to […]

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