J. Bradford DeLong's Blog, page 2293
June 4, 2010
links for 2010-06-04
Akerlof and Kranton Reviewed by the Extremely Thoughtful Tom Slee
Tom Slee:
"Identity Economics" by George Akerlof and Rachel Kranton: A Rambling Review - Whimsley: Identity Economics explains many persistent social patterns... using the tools of rational choice... but it looks to the social phenomenon of identity as an important source of individual utility.... As they walk through their approach, identity reveals itself as a convincing and self-consistent approach to complex problems. It explains why the best choice available to some African...
Winston Churchill Liveblogs World War II: June 4, 1940
Winston Churchill:
In the House of Commons: Turning once again, and this time more generally, to the question of invasion, I would observe that there has never been a period in all these long centuries of which we boast when an absolute guarantee against invasion, still less against serious raids, could have been given to our people. In the days of Napoleon, of which I was speaking just now, the same wind which would have carried his transports across the Channel might have driven...
June 3, 2010
links for 2010-06-03
Jon Cohn on the Misrepresentations of Abelson and Harris: Good Health Care For Less Money? Yup, Still Possible
Economics by invitation | The Economist
Daniel Gilden: The Health Care Blog: McAllen: A Tale of Three Counties
DG: "Patients with chronic disease... are extremely costly...
New York Times FAIL: Gardiner Harris and Reed Abelson
Why oh why can't we have a better press corps?
Harris and Abelson quoted three people who they said were critical of the Dartmouth Group--David Cutler, Harlan Krumholz, and Cedars-Sinai Chief Medical Officer Michael Langberg. Of the three, the first two say that Harris and Abelson took them out of context and that the quotes do not reflect their views.
Maggie Mahar has the story:
Health Beat: The New York Times Attacks the Dartmouth Research Part 1: Today, the New York Times published...
Henry Aaron of Brookings on Abelson and Harris of the New York Times: "Rarely Have I Begun an Article with Such High Hopes That The Public Would Be Educated on a Difficult Subject and Ended With Such a Feeling of Complete Let-Down..."
Henry Aaron:
Rarely have I begun an article with such high hopes that the public would be educated on a difficult subject and ended with such a feeling of complete let-down. It isn't that the Times authors of the critique of Dartmouth were wrong. It is that they said so little with so many words. The Dartmouth research, showing huge variation in the use of various medical procedures and large variations in per patient spending under Medicare, has been a revelation and a useful one....
Cordell Hull Liveblogs World War II: June 5, 1940
Cordell Hull:
[Ambassador:] Bullitt... fear[ed:] the British might be conserving their Air Force and Fleet so as to use them as bargaining points in negotiations with Hitler. The President and I, however, thoguht differently. France was finished, but we were convinced that Britain... intended to fight on. The President and I believed Mr. Churchill meant what he said. Had we any doubt... we would not have taken the steps we did.... There would have been no logic in sending arms to...
Crying "Fire! Fire!" in Noah's Flood Watch: the OECD
Paul Krugman writes:
I Do Not Think That Word Means What You Think It Means, OECD Edition: The OECD’s chief economist responds to my column about the pain caucus:
To be clear, we are not arguing for contractionary policy, but for progressively less stimulus. In fact, stimulus should not be withdrawn completely until the economy returns to full employment. But the process should be started fairly soon, to take into account the well known long and variable monetary policy lags.
...
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