A whiff of luddism

Ken Rogoff—the Cas­san­dra of the finan­cial mar­kets crisis—insinuates a moral les­son from a anoth­er tech­ni­cal dis­as­ter with­out, how­ev­er, actu­al­ly d...

Tea leaves

A hiccup? Or a sign that imported deflation—via low-priced Chinese imports—will now start to slow? "‘Labour availability is tight right now in...

Bad plus bad equals worse

The key piece of bad news, today, from Chapter 3 of the IMF World Economic Outlook Recessions that are associated with both financial crises and global downtur...

Micro-macro

Tim Harford—discussing the dissing of macro—quotes P J O'Rouke:"[M]icroeconomics concerns things that economists are specifically wrong about, while...