Elephantstrunk

From The Economist’s blog:
A LITTLE while back, Sir Partha Dasgupta, an economist well known for his work on development, caused a stir in the blogosphere by suggesting that the Stern report on global warming had been insufficiently attentive to the question of inequality in its selection of a discount rate for future damage.  The relative […]

These must be the last days.
First neo-con Pangloss Amity Shlaes declares that taxes don’t affect behaviour all that much.
Then today’s Economist says:
People who want to make the world a better place cannot do so by shifting their shopping habits: transforming the planet requires duller disciplines, like politics.
The leader is almost worthless but the full article […]

A little while ago I wrote about Tyler Cowen and Jane Galt partly because they were uncritically triumphalist about the US economy. Today the news brings the following headlines:

Eurozone unemployment falls to record low

Dollar slides further on US manufacturing data

Economic Storm Signals

This doesn’t prove anything much but it does make it […]