Links 12/23/2022 | naked capitalism
Strange, tentacled microbe may resemble ancestor of complex life Science Study reveals how glass frogs become transparent Deutsche Welle Climate What are teleconnections? Connecting Earth’s climate patterns via global information superhighways NOAA. Among other things, Rossby waves! Water A Water War Is Brewing Over the Dwindling Colorado River ProPublica. On drought and the Colorado, see […]
2:00PM Water Cooler 12/22/2022 | naked capitalism
By Lambert Strether of Corrente. Bird Song of the Day Pine Bunting, Istomino, Buryatia, Russia. “Songs from a male perched high in a birch in a small stand of trees adjacent to the lake.” * * * Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist […]
Consumer Services Push Revised Third Quarter GDP Higher
Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in the second quarter and a -1.6 pace in the first quarter (see first chart). Over the past four quarters, real gross domestic product is up 1.9 percent. Real final sales to […]
On the Need to Theorize Carefully
After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of international trade) a student confessed to me his lingering confusion about the principle of comparative advantage. This principle, famously identified in 1817 by David Ricardo, is a key reason why individuals, […]
