From “The Happiness Trade-Off between Unemployment and Inflation” by David Blanchflower, David Bell, Alberto Montagnoli, and Mirko Maro Unemployment and inflation lower well-being. The macroeconomist Arthur Okun characterized the negative effects of unemployment and inflation by the misery index—the sum of … read more
The Wall Street Journal’s Jon Hilsenrath makes the case for former Fed Chairman Ben Bernanke as the next recipient for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel: Mr. Bernanke’s 1990s “financial accelerator” papers with New York … read more
Bard College economist Pavlina Tcherneva has cooked up a frightening and much-shared income-inequality chart (see above) — “the most important chart about the American economy you’ll see this year,” according to Vox — that seems to confirm the worst: America has become a winner-take-everything society. read more
Settled science! Follow James Pethokoukis on Twitter at @JimPethokoukis, and AEIdeas at @AEIdeas.
Over at Pacific Standard, Noah Berlatsky writes about the strange copyright case of Alice Randall’s 2001 “The Wind Done Gone,” a parody of “Gone with the Wind.” Berlatsky notes that “a district court at first forbade publication of ‘The Wind Done Gone,’ arguing the work was a sequel rather than a parody, and therefore didn’t warrant fair-use protection.” read more