On-line Inflation Data

The radio program Marketplace has a good short story on the way inflation is calculated and how the Billion Prices Project is changing it.

How Close is Oligopoly to Monopoly?

The New Yorker looks at how Oligopoly pricing is similar to monopoly in how wireless pricing works.

Bitcoin - Is it money or is it a commodity - or both?

The rise (and fall) or Bitcoin has gained a lot of attention.  Will it succeed as a new digital currency is one one big open question.  This article from the New Yorker explains the origins of Bitcoin and how it will work as a currency.  However, there are problems with it being able to work as a currency if there is no central bank and a limited supply - it is a commodity more like gold - argues this article from the Atlantic.  

Krugman's Babysitting Co-op and Monetary Policy

This is the link to the classic Slate article with Krugman's analogy between monetary policy and a babysitting co-op.

The Mystery of Declining Productivity

John Cassidy of the New Yorker has a good blog post/short article about the mystery and debate about the decline in productivity and what it might mean for the real benefits of the Internet on economic growth.  However, that does not mean that the the Internet has not brought real tangible benefits.  The Free Exchange column at the Economist describes the way economists have been trying to calculate the real value in consumer surplus created by the Internet.

Debate Within the Fed Goes Public

The New York Times has a great article about the public debate between top Fed officials Charles L. Evans and Jeffrey M. Lacker.  
 

New Area of Study - History of Capitalism

The New York Times has a good short article (with lots of embedded links) about the rising popularity of teaching the history of capitalism.

Modern Monetary Theory

Where is economics going and what new branches have emerged?  The Washington Post has a good article on Modern Monetary Theory, one of the ideas that has gained steam in the wake of the crisis.

The article also has two good attached graphics.  The first is a tree of modern macroeconomic thought and the major economists along the way (shown below).  The second is an interactive of the Federal Budget for 2013(based on projections)

Abbott & Costello Explain Unemployment

Greg Mankiw has a good post using the classic comedy characters Abbott and Costello to explain unemployment.  Good for a laugh and as a teaching tool.

Atlanta Fed Jobs Calculator

The Atlanta Fed has a great online teaching tool for connecting unemployment to growth - the jobs calculator.  It show how long it would take, under specific job creation numbers, to get to a set amount of unemployment.

U.S. Economy in Charts from the Treasury Department

The Treasury Department has posted a good set of charts about the U.S. economy.  Some of the charts are posted below.  The full set can be downloaded as a PDF.

The Results of the Stimulus

The New York Times Economic View has a good write up on the effect of the Obama 2009 stimulus and the Republican reaction.

Economist - Lost in the Recession

The Economist has a good set of charts and articles about how much was lost in the recent recession - It really is a lost decade.  Here are the charts:

Moral Hazard Explained and Investigated

This good article from the New York Times gives a good explanation of the concept of Moral Hazard.  It also has some good links to articles about moral hazard.

BBC Video on the Euro and Crisis

Short little informative video from th BBC about the Euro and the current crisis.