Archive for March 24th, 2009

For those of you who haven’t seen it, Issue 49 of the Real World Economics Review was issued yesterday. Obviously, it was exciting to see one of our own with an article about non-formal economies. However, what drew a lot of attention was the article by Steve Keen at the beginning of the issue, “Mad, bad, and dangerous to know.” In fact this article is the topic of our weekly discussion. What surprised me was that when I opened my RSS reader this afternoon, I saw that Mark Thoma had posted this article, saying,

I can’t say I agree with every word of this, but given what just happened to the economy and our general failure to see the signs that it was coming, it’s a good time to hear alternative viewpoints about the state of the discipline.

It’s both surprising and encouraging to see these views getting some mainstream attention.

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From the NYTimes

The recession seems to have a sweet tooth. As unemployment has risen and 401(k)’s have shrunk, Americans, particularly adults, have been consuming growing volumes of candy, from Mary Janes and Tootsie Rolls to Gummy Bears and cheap chocolates, say candy makers, store owners and industry experts.

Theories vary on exactly why. For many, sugar lifts spirits dragged low by the languishing economy. For others, candy also provides a nostalgic reminder of better times. And not insignificantly, it is relatively cheap.

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The Onion Roundup

“Getting Randomly Picked To Make Half-Court Shots Now Best Way To Earn Living”

“Dollar Bill On Floor Sends Wall Street Into Frenzy”



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