Lessons & Questions on: A


Activity Following “Stocks, Inflows, and Outflows”

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1. Consider the following issue: 17.1. A major controversy has occurred about apparent contradictions in biostatistical data as researchers try to convince Congress to allocate more funds for intramural and extramural investigations supported by the NIH. Citing improved survival rates for conditions such as cervical cancer, breast cancer, and leukemia, clinicians claim we are “winning […]


Example: Where’d the Productivity Go?

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The hourly compensation of a typical worker grew in tandem with productivity from 1948–1973. That can be seen in Figure A, which presents both the cumulative growth in productivity per hour worked of the total economy (inclusive of the private sector, government, and nonprofit sector) since 1948 and the cumulative growth in inflation-adjusted hourly compensation for private-sector […]


Activity: Rent vs. Mortgage Cost

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Some people say that we couldn’t have known there was a real estate bubble. But quite a few economists pointed out well before the crash that the “price/rent” ratio — that is, the average cost of owning a house/apartment divided by the average cost of renting — was well outside of historical norms. This led economist […]


Zero-day Comparisons

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Game of Thrones, Season 2 is getting illegally downloaded. A lot. In fact, it’s on track to be the most pirated show of 2012, and maybe 2011 as well: Maybe that’s interesting to you, maybe not. Here’s what’s interesting to me: notice the horizontal axis of the graph. What this represents is number of days […]