Economics

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Elliott Management vs. Argentina

The sovereign debt restructuring trial of the century.

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Merkel Gives Papandreou and Sarkozy a Lesson in Austerity

Photo taken during a meeting in Berlin between Angela Merkel, Georgios Papandreou and Nicolas Sarkozy.

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Interview With Ricardo Caballero

Ricardo Caballero argues, convincingly in my view, that one of the causes of the recent financial crisis lies in the fact that the demand for AAA-rated assets is greater than the supply.

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Michael Lewis: The Big Short

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A Short Note On Signalling

In economics, signalling refers to the idea that one party credibly conveys some information about itself to another party. In evolutionary biology signalling has a more general meaning.

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Foraging For Pleasure

In addition to a hunger for food (and sex) humans appear to have an insatiable hunger for information. And so as their hunger for food is more easily met people have moved from consuming food to consuming concepts.

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Risk Management Lessons From The Ash Cloud

There are some lessons to be learned from the chaos caused by the recent volcanic eruptions in Iceland.

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Hotelling's Law in Istanbul

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A Short Note On The Economics of the Performing Arts

I am one of the lucky few to snatch a ticket for Peter Stein's 12-hour production of Dostoyevsky's The Demons. The ticket price gives an interesting insight into the economics of the performing arts.

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Annual Review of Economics

In the aftermath of the financial crisis there was a lot of talk of a crisis in economic science. The Annual Review in Economics proves that the contrary is the case.

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When Labour Costs Are Low

Bollywood movies provide cross-country evidence for Baumol's cost disease in the performing arts.

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Tall People Live Better Lives On Average

That's from a recent paper entitled "Life at the Top: The Benefits of Height" by economists Angus Deaton and Raksha Arora.