Category Archives: Suggested Reading

Suggested Articles (09/03/12)

  1. Welcome…to the World of Failed NationsDaron Acemoglu, James Robinson – following the release of their new book Why Nations Fail in the UK, I thought it would be appropriate to also introduce their new blog, covering themes from the book itself. More specifically they talk about various examples of how extractive institutions have been the main cause of failed nations.
  2. Too Big to Jail: Simon Johnson – having only just recently watched the film Inside Job, I came across this interesting article following on from the themes of the film, about corporate fraud and criminality within some of the biggest banks that were involved in the financial crisis. An interesting play on the “too big to fail” argument, whereby banks have an incentive to take on excessive risks. The “too big to jail” view describes how banks can also get away with just about anything if they are big enough.
  3. A Devaluation Option for Southern Europe: Gita Gopinath, Emmanuel Farhi, Oleg Itskhoki – an clever suggestion on how Southern European countries can effectively create the same effects as devaluation, without the need to actually leave the Euro and readopt their old currencies. In my opinion it definitely seems like a viable idea. What the Southern European countries need most now is to increase their competitiveness and show signs of growth, as opposed to imposing austerity measures. Only once their economies begin to grow again, will they be able to fix their balance sheets.
  4. Jeremy Lin and the Political Economy of Superstars: Kenneth Rogoff – an interesting discussion on why we accept high pay for sports superstars, but on the other hand do not tolerate the high bonuses of financial superstars. In my opinion this is a very fair point to make, but the question that remains is, should we accept high pay for both or not tolerate either? I’ll leave that for you to decide.
  5. Where to Wait for an Elevator: John Cook – finally, just a fun bit of optimisation theory for when you are next waiting for an elevator. Enjoy!
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#Finance100 – A Couple Of Suggested Twitter Feeds

With Economia having released their Twitter #Finance100 list a couple of days ago, I thought it would be an appropriate way to start off this blog, with a couple of suggested feeds to keep up to date with the latest economics news.

What is #Finance100?

The list essentially ranks individuals and organisations involved in economics and related areas, based on their PeerIndex score, a score between 0-100 indicating how influential they are on Twitter.

Who to follow?

Currently the top 5 Twitter feeds are as follows:

1) Nouriel Roubini – Economist, renowned for anticipating the 2008 housing crash and financial crisis.

2) Robert Peston – Journalist, business editor for the BBC.

3) Paul Mason – Journalist, economics editor for BBC’s Newsnight.

4) The Economist – Weekly News Publication, specialising in economics, politics and international affairs.

5) Tim Harford –  Economist/journalist, author of various books including The Undercover Economist, and more recently Adapt.

Of course this ranking is likely to change over time so be sure to check the full list for an updated ranking.

+ A Couple of Extras – My BlogRoll

As well as feeds on the #Finance100 list, I will be adding some of my favourite economics blogs to the BlogRoll at the bottom of the page. Some of these are only recently becoming popular and so did not make the #Finance100, but they are definitely worth a read. Be sure to check them out!

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