Mostly economics today:
1. From the archives: Ancient Rome.
A nice look at how fluid Roman derivative finance was, reminding us that no scam under the sun is new.
Krugman, DeLong, Wren-Lewis, Thoma, Yglesias, and so on have all spent time on the failure of macro to adequately predict either the occurance or the process of the Great Recession. There’s been a lot of re-examination of the Great Moderation as a whole, how it worked and what it means. If this piece by Borio bears out and becomes any kind of a consensus, we may have the first real outcome from the current ‘natural experiment’ that helps us to avoid this kind of crap in the future. Maybe.
3. And finally, something counter-intuitive about education.
I found this look at gender-segregated education rather interesting. Assuming the study turns out to generalise, it could mean quite a lot of things that would surprise liberals, but I’m inclined to think there’s more than one frame to understand these results in.