Capitalism and Freedom

Economics, Analysis and Observations

Tuesday, November 24, 2009

LIBERALISM vs. SOCIALISM

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Today's Hardtalk on BBC World News ( link ) discussed the political, economic and social aspects of communism versus liberal capitalism ...
Sunday, November 22, 2009

NEW EVIDENCE ON THE EFFECTS OF FISCAL POLICY

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From Alberto Alesina and Silvia Ardagna ( link ): "We examine the evidence on episodes of large stances in fiscal policy, both in cases...
Saturday, November 21, 2009

FISCAL POLICY AND DEFICIT BOMB

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Douglas Holtz-Eakin, former CBO director, discussed the negative effects of the new fiscal policy in the U.S ( link ).
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CHINA'S CURRENCY POLICY AND YUAN REVALUATION

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The Economist published a thorough discussion ( link ) of China's currency policy and reasons why yuan is unlikely to revaluate any soon...

JAPAN: THE LAND OF DEFLATION

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The Economist updated the report on the Japanese economy which again suffered from monthly deflation ( link ). The forecasts for the end of ...
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Friday, November 20, 2009

POVERTY, INCENTIVES AND DEVELOPMENT

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Daron Acemoglu wrote a marvelous article discussing the supportive role of incentives and institutions in global poverty reduction and econo...
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Thursday, November 19, 2009

WHAT EASTERN EUROPEAN TIGERS CAN TEACH WESTERN EUROPE

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In yesterday's edition of WSJ, Johnny Munkhammar and Nima Sanandaji wrote a well-argued dissussion ( link ) on how Eastern Europe's ...

DANGERS OF U.S FISCAL DEFICIT

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The Economist has published two great articles on the anomalies of U.S fiscal deficit ( link ) ( link ).
Thursday, November 12, 2009

U.S DOLLAR AND RESERVE CURRENCIES

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The Economist published an excellent analysis on the future of reserve currencies in the world ( link ).
Wednesday, November 11, 2009

ECONOMIC COST AND BENEFITS OF GERMAN UNIFICATION

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Yesterday, it has been 20 years since the fall of the Berlin wall and the eventual collapse of communist political and economic system in Ce...

BUBBLES AND MACRO RISK

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Frederic Mishkin says not all bubbles are a threat to the economy ( link ): "Nonetheless, if a bubble poses a sufficient danger to the ...
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EUROPEAN ANTITRUST POLICY

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From The Economist ( link ): "Nevertheless, it is unclear how a transatlantic row can be avoided along the lines of the spat in 2001, w...

RUSSIA'S ROAD TO ECONOMIC RECOVERY

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Russia's recessionary contraction has been marked with several distinct features. First, capital account deteriorated significantly. In ...
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U.S ECONOMIC RECOVERY AND MACROECONOMIC OUTLOOK IN 2009/2010

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The latest macroeconomic data from major world economies suggested that the recessionary contraction is likely to be ended in the light of p...
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Tuesday, November 10, 2009

MINIMUM WAGE AND OBESITY

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David O. Meltzer and Zhuo Chen explored the relationship between minimum wage rate in the U.S and body weight ( link ): "Growing consum...

OUTLOOK FOR THE NORWEGIAN ECONOMY

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Norges Bank has recently published Monetary Policy Report 3/2009 ( link ) and a comprehensive list of figures and charts including major mac...
Friday, October 16, 2009

ECONOMIC THEORY AND THE FINANCIAL CRISIS

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Eric Maskin offers a comprehensive insight into financial crisis from the perspective of the economic theory ( link )
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Monday, October 12, 2009

NOBEL PRIZE IN ECONOMICS 2009

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This year's Nobel prize in economics goes to Elinor Ostrom and Oliver E. Williamson ( link ). Elinor Ostrom received the prize for her a...
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Saturday, October 03, 2009

THE MACROECONOMIC EFFECTS OF STIMULUS SPENDING

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Robert Barro and Charles Redlick wrote an op-ed in WSJ ( link ) on their original paper ( link ) where they discuss the macroeconomic effect...
Wednesday, September 30, 2009

THE ECONOMICS OF UNIONS

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Gary Becker ( link ) and Richard Posner ( link ) opened a discussion on how unions influence policymaking decision. Recently, president Obam...
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Rok Spruk
Discovering Economic Science from various Perspectives
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