Wednesday, January 30, 2008

Worth Reading: John DiNardo's piece on Freakonomics in the Newest JEL

The piece is very rich, and combines rigor with bon mots. My favorite: "This is not to deny that simple economic models can be put to good use, but economic theory--whatever it is--shouldn't be epistemologically privileged."


Anonymous said...

How does one explain the relationship between cap rates (OAR) short-term treasuries and long-term bonds? Has there generally been a consistent spread over time?

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