Steven Medema
@spydermed
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Historian of economics. @DukeEcon @CenterEconomy @StEdmundsCam. Series Editor, Oxford Studies in the History of Economics (OUP). Coase theorem fetish.
Durham, NC
Joined July 2010
"A girl in a flowing white dress floating gracefully into a dreamy sky filled with stars and colorful clouds at sunset.". Try Grok Imagine, free for a limited time:.
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In 1990, I was asked by an editor for Macmillan to write a book on an eminent 20th-century economist. I wanted to write it on JR Commons but was informed that a Commons bio was already under contract. So, I decided that it might be interesting to instead write a book on Coase.
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Easy: 🌾🐂🤝.
if i asked you to summarize your research agenda in emojis, i bet you couldn't do it.
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Day 2 of the Summer meeting of the Dornoch Bureau of Economic Research has wrapped up, with today’s sessions held at Durness Golf Club. Yes, the DBER has field trips, along with great swag and fine dining. Professor @DavidNFBellgolf once again in fine form.
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Opening day of the summer meeting of the Dornoch Bureau of Economic Research (DBER)! Professor @DavidNFBellgolf leading off the first session. My presentation on Scottish Heterogeneous Agent New Keynesian (SHANK) models followed. #BetterSwagThanNBER
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One small corner of the world begins to heal itself. Joey’s back!
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History of economics, folks. It’s a whole lot more than “read the classics.”.
This is an interesting paper on how economists have become key players in central banks over the past decades, showing how economic expertise grew in influence and the roles economists play inside central banks (e.g. collecting data, building models).
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In a first for me, the woman sitting across from me in the boarding area at Frankfurt Airport is wearing Fischer AT boots. Makes me wish I had worn my Nordica Dobermans for the flight.
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Who says history of economics research isn’t relevant? Humbled and honored …
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I stand with @instrumenthull. Beverly Hills Cop needed no tariff protection!. #ViewTheClassics.
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There is a Coase theorem joke in here somewhere.
A farmer was apparently unhappy at a neighbouring farm using drones to fly over his property despite warnings.
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That’s nothing. In Congress the labor demand elasticity is 0 or ♾️, depending on which party you’re in.
Me talking about how the labor supply elasticity is 0 (in macroeconomics papers) and 1 (in microeconomics papers).
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I am old enough to remember when a Fed chair quoting a Chicagoan meant Milton Friedman, not Ferris Bueller.
What a time to be alive.
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Hey @wwwojtekk: What’s the MCPF of a tax on stupid? I am starting to sense a solution to the debt problem.
Republican Senator Bernie Moreno (OH):. "If one car goes up in price because there's a tariff, that person will just buy the other one that doesn't have a tariff, which is your American-made automobile — & places like Ohio benefit because your neighbor is employed as a result."
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We are still waiting to hear from the penguins. Their response is going to be the key. 🐧.
Great awesome got some key trade concessions seems like we can stand down on the tariffs now, right?.
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Don’t’ look at it as a national disaster, Alex. Think of it as a fun new boxed insert for the next edition of your textbook. (Of course, Trump may demand a royalty for using his material.).
Trump's trade policy is Lysenkoism for economics. A one-man central plan based on pseudoscience.
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