Blog Archives

The politics of global warming

Here are three views of the Chicago skyline. The top photo is a rare day with high air pollution in the 1990s, but that was a typical scene in the 1970s and the third is how Chicago looks today: All

Posted in Globalization & International

Economics of global warming

Economists are not trained in climate science, so there is no reason to ask one of us about how much carbon dioxide will warm the planet, but economics is an important part of climate policy–this is our collective response to

Posted in Globalization & International

The political economy of farm policy

Below is a map of farm subsidy payments. These are the addresses where farm “welfare” checks were sent and the bigger circles show addresses that got sent up to ¼ million dollars in 2007 alone. This map comes from an

Posted in Globalization & International

How climate skeptics are distributed across America

The Yale School of Forestry & Environmental Studies has data about public perceptions on the facts of global warming. As of 2018, almost twice as many Americans believe global warming is caused by humans as those who disagree (57% to

Posted in Environment

1/3 of Bloomberg articles are written by artificial intelligence!

Artificial intelligence is taking over more and more jobs. The NYT reports that more and more journalism is actually being written by robots including nearly 1/3 of Bloomberg articles. “robot reporters have been prolific producers of articles on minor league

Posted in Globalization & International, Inequality

Gravity equation of trade

Suppose you have a big import-export business in Puerto Rica located between the Caribbean Sea and the Atlantic Ocean. What countries would you want to trade with most? The most convenient locations would be the closest nations, but the closest

Posted in Globalization & International

Corporations see a high-income world even though it is mainly middle-income

OpenStax is another high-quality open-source economics textbook provider and they produced a graph comparing the distribution of global income versus the distribution of global population. Hans Rosling found that most people incorrectly think that most of the world is poor,

Posted in Development, Globalization & International

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