Archive for January 3rd, 2013

Why depositors rushed towards SBI during the Lehman crisis?

January 3, 2013

Barry Eichengreen and Poonam Gupta look at the case in this nice paper. (Well the authors say not to cite but since it is on the web, I really can’t help but link it.)

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First Globalization Debate: Robinson Crusoe vs Gulliver Travels

January 3, 2013

What a paper. If there is any more proof on the importance of history for making economics interesting it is papers like these.

Craufurd Goodwin of Duke University looks at these landmark children books  -Robinson Crusoe and Gulliver Travels. Econs have used Robinson Crusoe to state the importance of trade fair bit of times (highly mathematical though). However, this paper adds something more interesting – Gulliver Travels – which does not really favor trade.

So just like you have debates on whether globalization is beneficial or not, Crusoe and Gulliver seems to have argued the same points way back in 18th century:

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