Texte und Thesen über Wirtschaft, Finanzen und das Leben
Here are some quotes from the newest economics nobel laureate Richard Thaler: „My thesis advisor, Sherwin Rosen, gave the following as an assessment of my career as a graduate student: We did not expect much of him.“ (ibid.) “I said … Weiterlesen →
von Patrick Bernau erschienen in Fazit – das Wirtschaftsblog ein Blog von FAZ.NET.
Competition is a rare and fickle thing in the digital world. What can be done about it? Weiterlesen →
von Patrick Bernau erschienen in Fazit – das Wirtschaftsblog ein Blog von FAZ.NET.
To capture the opportunities of » smart connected products « represent, CEOs must assess their company’s strategy. This was a workshop to help them. Mehr …
Is the existence of companies a problem for free-market believers? Paul Krugman says so. But why should it? Mehr …
Top Tax Rates should be 70-80 percent? CEOs pay their employees less if they have a child? And why are rating agencies so bad? There is a lot to be discussed at the AEA meeting. Patrick Bernau has selected his favorite papers. Mehr …
Fund management companies tend to employ their best people in inefficient markets – and these are not your everyday markets. Everyday markets seem to be too efficient. Mehr …
Never waste a good crisis: We heard this sentence often in the subprime crisis, but we rarely hear it today. It seems time to call it into memory. Mehr …
Germany is being criticized for its trade surplus. Let’s not forget: Deficits are more hazardous than surpluses. Mehr …
Lord Wolfson has asked how the Monetary Union could be dissolved – offering £250,000 for the best idea. On January 1st, Frankfurter Allgemeine’s Sunday paper made a proposal. Starting today, the jury is evaluating the proposals, so we are publishing our commentary in English. Mehr …
Why are poor people more often ill? Gabriella Conti from University of Chicago shows how health can be spoiled already for small children. Mehr …
Money doesn’t make people happy? This is not totally true, as Justin Wolfers has found out. Here is a video interview with him. Mehr …
Can austerity programs make economies grow? A fierce debate is going on, starting with a study by Alberto Alesina. Now, he replies to his critics. To me, Alesina sounds softer. He attacks Paul Krugman, but he admits that spending cuts might reduce growth in the short run if they are badly executed – while still stressing that they were the only way to get government debt down. Mehr …
The discussion about unemployment in the US is quite similar to the one we had in Germany some years ago. Perhaps the German experience can be helpful. But it is not only about Kurzarbeit. Mehr …