Quotes & Links #77

1) enlightenmenteconomics.com: Not all economists are neoliberal, honest

My relationship with the concept of neoliberalism is an uneasy one, in that I don’t really know what it means. Often, radical writers use it to mean ‘most of economics’ […]

Noah Smith on a similar topic: “So most economists are supporters of a mixed economy.

2) qz.com: Entrepreneurs don’t have a special gene for risk—they come from families with money

And this is a key advantage: When basic needs are met, it’s easier to be creative; when you know you have a safety net, you are more willing to take risks.

3) bruegel.com: Understanding the Neo-Fisherite rebellion

4) blogs.lse.ac.uk: Why Greeks voted the way they did in the bailout referendum
Some nice graphs.

5) slate.com: Unhealthy Fixation – The war against genetically modified organisms is full of fearmongering, errors, and fraud. Labeling them will not make you safer.
It’s a really weird situation. Obviously the papaya example is a bit cherry-picked, but it does illustrate the necessary point. I’m still somewhat for labelling, although I don’t think GMOs are dangerous. If anything the companies will have to lower the price, so I can get better quality food cheaper. ;) Further information here.

6) nzz.ch: Als Deutschland Schulden erlassen wurden

7) medium.com/@dsquareddigest: German Economic Thought and the European Crisis

German industry makes “the thing that makes the thing that makes the thing”, notoriously, which makes its exports very price-insensitive to a country like China, which has a huge export market for things, which ensures a massive domestic market for thing-making things, and a consequent import demand for thing-making-thing-making things.

A broad but interesting counterfactual.

8) nybooks.com: Guzmán -The Buried Truth
Crazy. Will we ever know the truth? Probably not.

9) medium.com/bull-market: Friedrich Hayek Supported a Guaranteed Minimum Income

But on the questions of welfare and government intervention in insurance markets, he was to the left of the entire Republican Party today.

10) medium.com/bull-market: 2010 and all that — Relitigating the Greek bailout (Part 1)
Looking forward to part 2 and the discussion that will hopefully develop from it.

11) blogs.faz.net/fazit: Gespräche mit Ökonomen (9): „Es gibt keinen angelsächsischen Block gegen Deutschland“

12) qz.com: Topless foreign men are China’s new favorite sales force

“In China you can be anything without any knowledge or education, if you’re from the West,” a foreigner hired to attend an event told The New York Times. “We just show up to give them a white face.”

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