The checklist this week is kind of quick. It displays solely barely much less studying. Primarily, it displays much less desirous about 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 prime industrial associate? (Trace: It’s not China.)”(March 21, 2024). Right here’s a desk from his article:
For those who’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 associate.
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 concept appears to be fading from the economics curriculum. Surveying the course choices of the highest few dozen economics departments, I see much more coursework provided in theoretical microeconomics and rather a lot much less in value concept than I did 5 years in the past. I’ve talked to many economists who’ve observed the identical factor.
I’m unsure why that is occurring. Perhaps it’s pushed by college students who demand programs wherein they will succeed by memorizing the textbook slightly than studying the right way to suppose. But when economics majors aren’t studying how to consider economics, then who will?
This suits properly with latest discussions about instructing economics on this web site. See right here and right here.