Friday’s Caught in the Web


Reuters: Why it pays to ignore the market

Felix Salmon on why the markets are making fools of everyone at the moment and why spending too much time looking at the data will drive folks to insanity.

Oxfam: Food prices: what’s happening in local currencies and how are governments responding?

Duncan Green looks at a UNICEF paper which shows that food prices look very different when viewed in local currencies rather than the more commonly reported dollar price. It suggests: “Low-income countries have experienced much larger food price increases than richer, middle-income countries”.

NYT: Memo to Syria

Freakonomics blog contributor Ian Ayres takes credit for predicting the political revolution in Egypt in 2005 by using economic analysis and why the same analysis suggests Syria might be next in line.  25 Guys to Avoid on Wall Street

Ash Bennington and John Carney on 25 shady characters you ought to avoid to succeed on Wall Street.

“No. 18. Avoid anyone who is ten years older than you are—and is still more junior in the reporting structure. He hates you more than you could ever imagine.”

London School of Economics: The Haves and Have Nots

Podcast of a public lecture at the LSE by World Bank lead economist Branko Milanovic on how inequality has been defined over time and in different contexts—from literature to more conventional economics approaches.

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