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This blog is prepared by Stephen Gordon.

Stephen Gordon has a Ph.D. in economics from the University of Toronto and he is professor in the department of economics at Laval University.

Worthwhile Canadian Initiative
Updated : Thu, 29 Jul 2010 02:32:00 -0400

What modern art and economic theory have in common
Economic theory and modern art are a lot alike. They're abstract. When Gainsborough painted a horse, he tried to represent it as realistically as possible. But Deborah Butterfield's Jerusalem Horse #1 looks at first glance like a tangled piece of...
Publ.Date : Thu, 29 Jul 2010 02:32:00 -0400

In Praise of Dark Ages
This can't be quite right. But I'm going to run it by you anyway. An occasional Dark Age is a good thing. We sometimes need to forget. We sometimes need to torch libraries. That's the only way that knowledge can...
Publ.Date : Wed, 28 Jul 2010 03:08:14 -0400

Cash as the real real option -- to do anything
Option theory was originally about financial assets called options. A put option is a derivative that gives you the right to sell some asset at a pre-specified price. A call option is a derivative that gives you the right to...
Publ.Date : Mon, 26 Jul 2010 01:30:54 -0400

Why a Mandatory Census is Necessary
One talking point I have heard a fair bit the last few days is: "There are a lot of voluntary surveys out there that seem to be accurate. Are you suggesting they're all flawed?" The answer is that those voluntary...
Publ.Date : Sun, 25 Jul 2010 14:43:59 -0400

Clutch Hitting, Frank Robinson and Opportunity Costs
I think we could all use a lighter topic to discuss. Here's one, courtesy of Baseball Reference. Sean Forman lists the five most "clutch" and five least clutch players in Major League Baseball history. Frank Robinson comes in as the...
Publ.Date : Sat, 24 Jul 2010 15:21:21 -0400

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