Capitalism and Freedom

Economics, Analysis and Observations

Thursday, July 15, 2010

POVERTY, INCOME INEQUALITY AND ECONOMIC DEVELOPMENT

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Financial Times reports ( link ) on the new measure of poverty proposed by economists from Oxford University. The authors suggested the modi...
Thursday, June 17, 2010

U.S. POPULATION STRUCTURE: 2010-2050

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Source: U.S. Census Bureau ( link )
Wednesday, June 16, 2010

THE EMPIRICAL EVIDENCE ON WAGNER'S LAW

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Ever since the original proposition by a 19th century German economist Adolph Wagner, Wagner's law has undergone significant theoretical...
Tuesday, June 08, 2010

THE ECONOMIC EFFECTS OF SODA TAX

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Greg Mankiw ( link ) and David Leonhardt ( link ) have opened a debate on whether govenrment policymakers should levy a tax on soda and othe...
1 comment:
Thursday, June 03, 2010

THE EUROZONE AS NON-OPTIMUM CURRENCY AREA

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In WSJ, Vaclav Klaus, the president of Czech Republic, draw important conclusions from the long-term economic sustainability of the Eurozone...

SLOW GROWTH AND PUBLIC DEBT IN EUROPE

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Gary Becker ( link ) and Richard Posner ( link ) have initiated an interesting debate on low economic growth as the main macroeconomic conce...
Saturday, May 22, 2010

TAX WEDGE AND PRODUCTIVITY IN OECD COUNTRIES

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The OECD Factblog highlighted a comparison of tax burden across the OECD countries. The main findings of the comparison is that overall tax ...
Tuesday, May 11, 2010

WELFARE STATE AND THE FUTURE OF EUROZONE

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The $140 billion rescue package to Greece is a milestone in the European Monetary Union. A lively debate on recent macroeconomic imbalances ...
Tuesday, May 04, 2010

THE EMPIRICS OF CORRUPTION, INSTITUTIONS AND ECONOMIC DEVELOPMENT

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Urska Zagar posted two very interesting empirical articles ( here and here ) about the connections between corruption, economic freedom and...
Sunday, May 02, 2010

FEDERAL DEBT IN THE US (1940-2009)

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Source: Office of Budget and Management (2010)

PRODUCTIVITY AND LABOR COSTS INDEX IN THE UNITED STATES

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Bureau of Labor Statistics has recently published quarterly productivity and costs figures in the US nonfarm business sector ( link ).

EMU: RECOVERY OR DECLINE?

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NY Times recently reported on the agreed financial rescue assitance to Grecce from EMU (€110 billion) and IMF ($145 billion). Alongside Irel...
Sunday, April 25, 2010

RENMIMBI APPRECIATION: AN UPDATE

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Here ( link ) is an article by Barry Eichengreen discussed in the previous post.

RENMIMBI APPRECIATION

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Barry Eichengreen wrote a thorough defence of China's exchange rate policy response to the global demands for letting the renmimbi appre...
Saturday, April 24, 2010

CHINA'S EXCHANGE RATE AND AMERICAN JOBS

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Here's a brief Sunday reading list on the issue of China's exchange rate and US manufacturing jobs. Simon J. Evenett and Joseph Fran...
Tuesday, April 20, 2010

EU vs. USA

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I published a brief analysis ( link ) for the European Enterprise Institute , discussing a pattern of a growing income differential between ...

INCOME INEQUALITY IN THE UNITED STATES

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Gary Becker ( link ) and Richard Posner ( link ) opened an intense debate on the issue of a growing US income inequality since 1980s onwards...
1 comment:
Sunday, April 11, 2010

VALUE-ADDED TAX FOR AMERICA?

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Dan Mitchell wrote an interesting op-ed in NY Post ( link ) concerning the prospects of adopting a European-style value-added tax (VAT) in t...
Friday, April 02, 2010

GOOD NEWS ON GOOD FRIDAY

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From BLS ( link ): " Nonfarm payroll employment increased by 162,000 in March, and the unemploymentrate held at 9.7 percent, the U.S. B...

THE EUROPEAN BAY OF "PIIGS"

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The Economist published a fascinating overview ( link ) of the macroeconomic indicators in Europe's most vulnerable economies in the cur...
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Rok Spruk
Discovering Economic Science from various Perspectives
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