Plain Sense Economics

This may cause us to scratch our heads about the presence of a recession, but Casey Mulligan’s post in the New York Times Economix has some interesting points about gross domestic product. It is simple enough to be worth reading by principles of economics students.
The opening paragraph:
When measured in terms of financial gyrations and national [...]

Two blog posts, one by Justin Wolfers, writing in the Freakonomics blog, and another by David Leonhardt in the New York Times, report on Stevenson and Wolfers’ research on the relationship between income and happiness. This is a great example of a complaint non-economists have about economists, where the latter keep finding situations which [...]