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Obamanomics

Tom Hundley had a long piece in the Chicago Tribune on Sunday describing the influence of the University of Chicago on Barack Obama. The most interesting part comes near the end, where law professors Cass Sunstein and Richard Epstein spar over whether Obama really believes in free markets. Sunstein says, “As Nixon went to China, Read More »



Bring Your Questions for “Bottom Billion” Economist Paul Collier

Paul Collier, an award-winning Oxford University economist, is a self-described Africanist who researches the effects of civil war, aid, and the “problems of democracy” in societies that have lots of resources but low incomes. Read More »



Misadventures in Risk Management

| While A.I.G. continues to dominate the news, it’s worth reading this 2002 Economist article, which cast doubt on the insurance giant’s early forays into the derivatives market. Back then, A.I.G. argued that “derivatives play an important part in reducing the company’s overall risk.” By 2009, those same investments had left the company so badly Read More »



Hey, Paul Krugman

As noted here earlier, this recession (depression? repression?) is inspiring some pretty decent pop music. I think the apex has been reached. Listen for yourself to “Hey, Paul Krugman,” by Jonathan Mann: It’s a pretty great song, and not just because of the lyrics: Read More »