The checklist this week is kind of brief. It displays solely barely much less studying. Primarily, it displays much less interested by what I’m studying as a result of I’m coping with some private points.
by Timothy Taylor, Conversable Economist, July 29, 2024.
Now to the excerpt:
In discussions of US worldwide financial ties, it typically feels a bit as if the one different nation price mentioning is China. Daniel Hamilton on the Brookings Establishment put collectively a listing of US worldwide financial ties in a brief essay “Who’s America’s high industrial accomplice? (Trace: It’s not China.)”(March 21, 2024). Right here’s a desk from his article:
When you’ve managed to not discover the image, then earlier than clicking on the hyperlink or studying under, make a guess about which nation is the USA’ #1 buying and selling accomplice.
Timothy goes on to level out that, measured in items traded, the highest 4 in 2022, so as, have been the EU ($904.1 billion), Canada (793.1 billion), Mexico ($779.1 billion), and China (690.3 billion). The numbers are exports added to imports.
by Steven E. Landsburg, Wall Road Journal, August 2, 2024.
Excerpt:
Worth idea appears to be fading from the economics curriculum. Surveying the course choices of the highest few dozen economics departments, I see much more coursework supplied in theoretical microeconomics and loads much less in worth idea than I did 5 years in the past. I’ve talked to many economists who’ve seen the identical factor.
I’m unsure why that is taking place. Possibly it’s pushed by college students who demand programs through which they will succeed by memorizing the textbook somewhat than studying find out how to suppose. But when economics majors aren’t studying how to consider economics, then who will?
This suits properly with latest discussions about educating economics on this web site. See right here and right here.
