The Fed’s Institutional Design

by Gerald P. O’Driscoll, Jr.[1] I have been reading Central Bank Governance & Oversight Reform, edited by John H. Cochrane and John B. Taylor. It is a conference volume of unusually high quality with all the discussions of presentations included. I plan to write more about the book later, but to highlight one chapter here. … Continue reading The Fed’s Institutional Design

Krugman Redistribution or Ponzi Scheme

by Chidem Kurdas A nice thing about Paul Krugman, he does not mince his words. Thus his new book, End This Depression Now!, repeats as boldly as possible the central point he’s repeatedly made in his New York Times columns and blogs for years. Namely, governments have to spend a lot more. They have to … Continue reading Krugman Redistribution or Ponzi Scheme

Libraries Linking Past to Future

by Chidem Kurdas A trustee of the New York Public Library, Robert Darnton, defends in the New York Review of Books the controversial plan to revamp the library’s Fifth Avenue building.  The issue goes beyond one building – however iconic – and one institution. Any book lover will sympathize with the plight of libraries.  Despite the … Continue reading Libraries Linking Past to Future

“National Competitiveness”

by Mario Rizzo A new book has been published, Institutional Economics and National Competitiveness,  edited by long-time colloquium member -- Professor Young Back Choi of St. John's University. Here is the publisher's description. Please ask your library to order it. This book offers a strong contribution to the growing field of institutional economics, going beyond the question … Continue reading “National Competitiveness”

Predictably Rational: A Brilliant Book by Richard B. McKenzie

by Mario Rizzo  This is the time of the year that various publications recommend Christmas books or the best books of 2010. (I have never known what a Christmas -- or summer -- book is. Are they supposed to be light reading? I don't believe in reading "light." When I am in the mood for that, I watch TV.)  … Continue reading Predictably Rational: A Brilliant Book by Richard B. McKenzie