In my first published peer-reviewed article, Peter Navarro and I argued that both economic special interests and candidate ideology separately could explain Congressional voting farm subsidies (we also applied the framework to domestic content legislation for automobiles), following Kalt and Zupan (AER 1984). In the ongoing discussions of how many members of the Republican caucus would vote for the (yet to be released) debt ceiling bill, I wondered how one would test the separate effects.

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My wife Laura Schwendinger, and Ginger Strand, were awarded this prize by the American Academy of Arts and Letters, for their opera Artemisia.

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That’s the title of a conference in Padova, September 21-22.  Call for papers (deadline 5/31!).

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From Zeng and Ryan at DeutscheBank yesterday.

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One can talk about a percent increase in a profit margin… but that really only serves to confuse.

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Josh Bivens at EPI has recently presented a decomposition of price changes into those attributable to price-cost margins (i.e., roughly profits), labor and nonlabor input prices, to wit:
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What’s the chances? Depends on what the assumed recovery rate is. Here’s the cost of insurance.

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