From Z magazine, Jack Rasmus on an economic crisis balance sheet. It could have been a lot worse: An interview with Henry Paulson. Conventional economic models failed to foresee the financial crisis — could agent-based modelling do better? From National Affairs, N. Gregory Mankiw on crisis economics; and why should "real" unemployment be considered a more useful economic barometer than the standard unemployment rate? We would benefit from a better understanding of what the seemingly familiar statistics actually tell us. "Happiness economics" in reverse: Does happiness affect productivity? Un-Freakonomics: Alvin Roth uses economics to save lives, assign doctors and get kids into the right high school. Profiting from non-profits: Charities are often told they should learn from business — the reverse is also true. Schumpeter 2.0: A great thinker’s contribution not only appears in his or her finished works and arguments, but also within the rich intuitions or core ideas that underlie the arguments. Capitalism as a cultural system: A review of Joyce Appleby's The Relentless Revolution: A History of Capitalism. Voodoo economics: What vampire and zombie movies can tell us about the future of capitalism. A review of Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem by Jay W. Richards. Blame Games: Could bad feeling between Wall Street and the White House be harming the recovery?
