Must-Reads: November 13, 2016
Over at Equitable Growth: Must-Reads:
- Robin Wigglesworth: Buy The Dip: The Death of Active Asset Management?: “The WSJ has run an annoyingly good series on the whole active versus passive asset management theme…
- Kevin Drum: We Are All Keynesians Now: “Investors are giddy at the possibility of Republicans finally embracing crude Keynesian stimulus…
- Frederic Bastiat: As a Modern Liberal: “[O]ften, nearly always if you will, the government official [receives his salary and] renders an equivalent service to Jacques Bonhomme…
- Douglas Elmendorf and Louise Sheiner: Federal Budget Policy with an Aging Population and Persistently Low Interest Rates: “Debt is rising in part because of a major demographic shift as the baby boom generation retires…
- David Cashin, Jamie Lenney, Byron Lutz and William Peterman: Fiscal Policy Changes and Aggregate Demand in the U.S. Before, During and Following the Great Recession: “We examine the effect of federal and subnational fiscal policy changes on aggregate demand in the U.S…
Should Reads:
- Debin Ma (2011): Rock, scissors, paper: the problem of incentives and information in traditional Chinese state and the origin of Great Divergence
- Patrick K. O’Brien and Francisco Comín, eds.2015): The Rise of Fiscal States: A Global History, 1500-1914 http://amzn.to/2eSxeA6
- (2011): Deficit Denialism: Frederic Bastiat Actually Favored Expansionary Fiscal Policy in Recessions Edition: As a general rule, when you actually read the classical economists in depth you find that their modern epigones are considerably crazier than they were…
- Weekend Reading: Psuedoerasmus: State Capacity and the Sino-Japanese Divergence