This paper explores the link between economic development and penile length between 1960 and 1985. It estimates an augmented Solow model utilizing the Mankiw-Romer-Weil 121 country dataset. The size of male organ is found to have an inverse U-shaped relationship with the level of GDP in 1985. It can alone explain over 15% of the variation in GDP. The GDP maximizing size is around 13.5 centimetres, and a collapse in economic development is identified as the size of male organ exceeds 16 centimetres. Economic growth between 1960 and 1985 is negatively associated with the size of male organ, and it alone explains 20% of the variation in GDP growth.

7 months ago on July 19, 2011 at 07:38pm

1 note

in India, both the best economic opportunities (in Maharashtra, Gujarat) and best social indicators (in Kerala) lead to unequal income outcomes.
It is easy to say that, other things equal, more income equality is better than less. But other things are not equal, since rising equality of opportunity leads to rising inequality of outcome. We need to abandon the Gini coefficient as a measure of fairness, and create another measure that captures equality of opportunity and the freedom to get richer than your neighbour on merit. Just as GDP is a very incomplete measure of well-being, so is income equality a very incomplete measure of fairness.

Interesting article on regional inequality in India by Swaminathan S. Anklesaria Aiyar: Don’t Worry about Inequality

7 months ago on July 19, 2011 at 05:35pm

via cato.org

Professor Ronald Coase, born in 1910 in England, suffered from a physical handicap as a youngster and thus could not attend regular school. He had to wear leg braces and was eventually enrolled in a school for “physical defectives.” But that school was managed by the same organization that ran the school for “mental defectives,” and Coase later explained that there was “some overlapping in the curriculum.” As a result, Coase spent his days in basket-weaving classes, and was deprived of any formal academic instruction until age 10.

A. Schlafly, “The Coase Theorem: the greatest economic insight of the 20th century”, Journal of American Physicians and Surgeons, 2007 2

7 months ago on July 01, 2011 at 12:24pm

Justices Reject Ban on Violent Video Games for Children - NYTimes.com ›

I’m so jealous of places where the judiciary system sometimes works as a filter to populistic iniciatives by politicians…

8 months ago on June 28, 2011 at 09:25am

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Bruno Leoni, Law, Liberty and the Competitive Market @ IGIDR Library, Mumbai

8 months ago on June 27, 2011 at 09:59pm

1 note

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Make love not fashion, Roman Asmus - Photography

8 months ago on June 18, 2011 at 06:25pm

via romanasmus.de

Referendum: Claudio Dominech (OutNoW) si chiede cos’abbia capito la gente dei 4 quesiti

8 months ago on June 15, 2011 at 12:24pm

via youtube.com

Love and Economics

Lo scopo ultimo di questo blog è quello di esplorare le frontiere dell’analisi economica di qualsiasi cosa, farmi ottenere la rubrica “La posta del cuore dell’economista” su Vanity Fair, e farmi invitare a Ballando con le stelle in quanto star della blogosfera.

Ma non lo dite a nessuno.

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