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The Theory of Interstellar Trade

I did not think that Paul Krugman was still writing academic papers. Nor have I seen any evidence in the last decade that he still has any sense of humor.

Consequently, I was surprised to see an article written by him entitled “The Theory of Interstellar Trade,” published recently in the journal Economic Inquiry. Read More »



Innovation Nation

If you want to live somewhere particularly innovative, consider Boston, Paris or Amsterdam. Read More »



A Great Example of How Anonymous Economists Are

Even Nobel Laureate economists suffer from lack of name recognition. Read More »



Congratulations to Peter Diamond on Winning the Nobel Prize in Economics

The first time I met Peter Diamond, nearly 20 years ago, I was a prospective student visiting MIT. He was wearing sandals without socks as he taught a graduate class. I remember thinking that was odd. As I sit here in my office, I am wearing sandals without socks. Perhaps Peter Diamond influenced me in ways I never imagined.

I was delighted to see that Peter Diamond shared the Nobel Prize today with two other economists (Mortensen and Pissarides, who I don’t know personally but are very highly respected). Read More »