Archive | March, 2008

Economics Podcasts from the Royal Economic Society

21 Mar

RES logoIntute: Social Sciences has been featuring a series of podcasts supporting the Royal Economic Society Conference 2008 that includes a range of interviews with researchers in economics talking about their work.

They have been produced in association with the Economics Network as part of their Why Study Economics initiative.

Topics covered include:

There is also an archive of podcasts from the 2007 RES Conference on the Economics in Action blog.

Intute: Social Sciences features more academic podcasts and more Internet resources in economics.

When the Economy Slows, Spending on Incapacity Benefits, Health and Pensions Increases – and May Keep us Out of Recession

19 Mar

RES logoIn the last of our podcasts supporting the Royal Economic Society Conference 2008, Romesh Vaitilingam talks to Jacques Melitz about how increased spending on Social Security benefits may help to keep us out of recession.

Listen to the interview

Download:

Increased public spending on incapacity benefits, health and pensions can all help the economy recover in a slowdown or recession. That is one of the findings of new research by Professors Julia Darby and Jacques Melitz presented at the Royal Economic Society’s 2008 annual conference.

In a slowdown some policies help the economy recover automatically. A recession increases the total amount spent on unemployment benefit (as more people are claiming it) and reduces the total tax take (as people’s tax bills drop). This helps to stimulate the economy without any active government intervention.

The report finds that these ‘automatic stabilisers’ play an even greater role smoothing the business cycle than previously thought. This is because programmes such as incapacity benefit, pensions and health spending all act as such stabilisers as well.

Find out more about this piece of research on the Economics in Action blog. Read more research papers by Jacques Melitz at EconPapers. Intute: Social Sciences features more Internet resources on the topic of economics.

Children of Socially Active Parents have Better Exam Results

19 Mar

RES logoIn the latest of out podcasts supporting the Royal Economic Society Conference 2008, Romesh Vaitilingam talks to Karl Taylor about how socially active parents choose to be and the effect that can have on their kids.

Listen to the interview

Download:

Parents who are active in various kinds of clubs – from sports to charities, from political parties to religious groups – may raise the test scores of their children. That is the central finding of new research by Professor Sarah Brown and Dr Karl Taylor presented at the Royal Economic Society’s 2008 annual conference.

The report uses data from the National Child Development Study, which has tracked the lives of a representative sample of the British public born in a single week in 1958. It finds that the test scores of children in reading, mathematics and vocabulary tests are positively related to their parents’ level of social participation.

Find out more about this research from the Economics in Action blog or read more research papers by Karl Taylor at EconPapers.

Intute: Social Sciences features more Internet resources on the topics of the economics of education, economics of the family and economic sociology.

The MMR Controversy: Highly educated parents were more likely to stop their children being vaccinated

18 Mar

RES logoIn the latest of our podcasts supporting the Royal Economic Society Conference 2008 Romesh Vaitilingam talks to Dan Anderberg about some socio-economic analysis of the effects of the MMR controversy.

Listen to the interview

Download:

Highly educated parents responded more strongly to the controversial study linking the measles, mumps and rubella (MMR) vaccine to the development of autism in children. That is the central finding of new research by Professor Dan Anderberg and colleagues presented at the Royal Economic Society’s 2008 annual conference.

What’s more, the study finds, these parents were less likely to have their children vaccinated against other diseases after the controversy, not just MMR. Since there was never any suspicion of doubt about other vaccines, this may have put the health of their children at risk.

Find out more about this research at the Economics in Action blog. Read more research by Dan Anderberg at EconPapers.

Intute: Social Sciences features more Internet resources on the topic of health economics.

Europe’s Single Market has kept taxes on alcohol and tobacco low

18 Mar

RES logoIn the latest of our podcasts supporting the Royal Economic Society Conference 2008 Romesh Vaitilingam talks to Ben Lockwood about the effect of the European Single market on alcohol and tobacco taxes.

Listen to the interview

Download:

In the wake of Alistair Darling’s swingeing increases on duty on alcohol in Wednesday’s budget comes a new report examining why duty may not have been increased as much as governments would have liked – and implying that these new duties may not raise as much revenue as the Chancellor is expecting.

The research by Giuseppe Migali and Ben Lockwood, presented at this Royal Economic Society’s 2008 annual conference, finds that the completion of the European Union’s ‘single market’ – which removed all restrictions on trade in goods between member countries – meant that the UK government has not been able to raise alcohol and tobacco duty as much as it might like.

Read more about this research at the Economics in Action blog. Read more papers by Ben Lockwood at EconPapers and search for more Internet resources on this topic at Intute: Social Sciences which has more on taxes and taxation.

How to prevent another Northern Rock

17 Mar

RES logoCrisis regulation may help avoid another Northern Rock style panic, according to research by Professors Shurojit Chatterji and Sayantan Ghosal presented at the Royal Economic Society’s 2008 annual conference.

Listen to the interview

Download:

But the authorities should not always aim to prevent bank runs – on the contrary, when regulators cannot monitor banks and fine those that are behaving irresponsibly, the possibility of bank runs is needed to prevent banks from lending irresponsibly in the first place.

In September 2007, Northern Rock suffered the first bank run on a British bank in over a century. The spectacle of depositors queuing up in front of the high street branches of the Northern Rock has prompted much commentary on the stability of the financial systems and the global consequences of the subprime crisis in the United States.

Read more at the Economics in Action blog and search for more Internet resources at Intute: Social Sciences on the topic of banks and banking.

Promotional Piracy

17 Mar

RES logoIn the first of a series of interviews with economics researchers at the Royal Economic Society Conference 2008, Romesh Vaitilingam talks to Karen Croxson about Promotional Piracy: Why some media and software companies turn a blind eye to illegal downloads.

Listen to the interview

Download:

According to new research by Karen Croxson, they do this because while piracy may harm sales, it can also serve to provide free marketing, helping to create ‘buzz’ about a product.

The most high profile example of ‘buzz’ is the Arctic Monkeys, a British music group, which distributed its initial songs freely online. But firms in other industries may benefit from the same effect. Makers of office software such as Microsoft may enjoy a net benefit from piracy: business users are unlikely to copy the product, and others who copy it would not have bought it anyway. Thus, the main effect of piracy is extra cheap promotion, and this in turn may explain why copy protection applied to office software is relatively weak.

Read more at the Economics in Action blog and search Intute: Social Sciences for more on the topics of piracy, copyright and electronic commerce.

Favourite blogs: What kind of week has it been?

14 Mar

ESRC Festival of Social Science 2008 logoWelcome to Our Favourite Social Science blogs.

As part of the ESRC Festival of Social Science 7th –16th March, Intute: Social Sciences is featuring a series of articles by our subject editors presenting their favourite blogs.

Today Paul Ayres the Section Editor for Economics and Education, looks back at our week of writing about blogs in the social sciences.

So what kind of week has it been? I hope you have enjoyed this all too brief sojourn through a compact and bijou part of the social science blogosphere. Over the last 10 days we have picked out some of our favourite blogs in a range of subjects.

Friday 7th of March: Sociology
Monday 10th of March: Psychology and Law
Tuesday 11th of March: Elections and Statistics / Data
Wednesday 12th of March: Economics and Business / Management
Thursday 13th of March: International Relations and Europe
Friday 14th of March: Politics / Government

We went with our favourite blogs for a good reason – the blogosphere is so vast that it’s difficult to be comprehensive in just a few hundred words and you will always miss someone out – though the recent Observer 50 most powerful blogs piece certainly got a lot of attention for taking a rather different approach.

However, I think that a special mention has to go to Crooked Timber which has been picked out by three of our contributors this week. The breadth of expertise on offer, the range of subjects tackled and the darned good writing, makes it hard to beat.

Just this week they have been discussing the future of current academic publishing models (and a follow-up asks academics what would change their publishing habits) with many of the points raised being equally applicable to blogging.

But what about the wider picture of blogging in academia? It seems clear to me that academics are taking blogs and blogging more seriously. ResearchBlogging.org aggregates serious academic blog posts about peer-reviewed research across a range of subjects, including a number in the social sciences. Bloggers for Peer-Reviewed Research Reporting organises this effort and includes a lively forum where issues around academic blogging are debated.

Why blog? It’s a question academics are still asking and answering amongst themselves and some of us have chimed in as well – but plenty of academics are just getting on and doing it, as the wiki at Academicblogs.org goes to prove.

Back in 2005 the old SOSIG blog got a fair bit of attention for blogging about the UK general election – less than three years later and such a development would not be remarked upon. And to me that shows how blogs and blogging have come into the mainstream, within academia and elsewhere, and perhaps the key lesson from this week is that blogs are here to stay.

You can contribute to this event by leaving a comment on any of the articles, perhaps letting us know about your favourite blogs in a particular subject or by helping expand our catalogue of academic blogs by filling in our suggest a site form.

If you would like to send some feedback about the ESRC Festival, then why not fill in their online survey.

Intute: Social Sciences features more blogs and more about blogging.

Favourite Blogs: Economics

12 Mar

ESRC Festival of Social Science 2008 logoWelcome to Our Favourite Social Science blogs.

As part of the ESRC Festival of Social Science 7th –16th March, Intute: Social Sciences is featuring a series of articles by our subject editors presenting their favourite blogs.

Today is Budget Day here in the UK, so it is perhaps appropriate that our guest contributor Romesh Vaitilingam, a media consultant who works for the Royal Economic Society amongst others, looks at blogs in the area of economics.

Economists have rarely courted popularity – and their indifference to public acclaim has earned its just rewards. But all that seems to be changing with the recent boom in pop economics books – think airport bestsellers like Freakonomics and The Undercover Economist – and the emergence of a string of high-profile blogs written by leading economic researchers and commentators.

The success of books seeking to make economics accessible to a wide audience can be pretty accurately measured by newspaper bestseller lists. The impact of blogs in economics is more difficult to assess, but rankings such as 26econ give us some data to go on – though the Disraelian caveat of ‘lies, damned lies and web statistics’ should always be borne in mind.

League tables like 26econ indicate the substantial overlap between the online and ‘dead tree’ worlds of economics. Freakonomics – the blog of the book by University of Chicago professor Steven Levitt – is the clear number 1. And at number 3 is the blog of Princeton professor, New York Times op-ed columnist and fierce critic of the Bush administration Paul Krugman.

Levitt and Krugman are highly regarded scholars, both recipients of the John Bates Clark Medal, awarded to ‘the American economist under the age of forty who is adjudged to have made a significant contribution to economic thought’. And the top 20 includes several other economists widely recognised as being among the very best, including Nobel laureate Gary Becker and leading thinker about trade, development and globalisation Dani Rodrik.

One blog I look at regularly for entertaining perspectives on a range of subjects is Marginal Revolution. The lead writer on this site is Tyler Cowen, George Mason professor, author of Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist and acknowledged by fellow economics bloggers to be the best in the business.

Another I often consult is the blog by Greg Mankiw, Harvard professor, author of leading textbooks in economics and a former Bush adviser. This site is a particularly useful source for links to the most interesting online writing on economics, as well as audio and video clips.

Among the handful of UK economics blogs, Stumbling and Mumbling by Investors Chronicle journalist Chris Dillow is always good at picking up insights from economic research. Dillow too provides a valuable service as an aggregator of what’s worth reading around the web.

The UK’s ‘mainstream media’ has been quick to develop blogs in economic commentary. The BBC’s economics editor Evan Davis has a thoughtful blog called Evanomics, which he describes as ‘my attempt to understand the real world, using the tool kit of economics’.

And the Financial Times hosts the blogs of ‘The Undercover Economist‘ Tim Harford, and London School of Economics professor and self-styled Maverecon Willem Buiter, who has made a name for himself commenting on issues around Northern Rock and the global credit crunch.

Buiter aside, academic economists in the UK have been slower to get involved in blogging than their US counterparts. Across Europe more broadly, one excellent ‘group blog’ is Vox, an initiative by the Centre for Economic Policy Research, which offers ‘research-based policy analysis and commentary from leading economists’.

Vox has made efforts to analyse its readership as well as offering a ranking of its articles by how often they have been viewed. This suggests that while economists may not have made themselves any more popular, at least now they are willing to show that they care.

You can contribute to this event by leaving a comment on this article, perhaps letting us know about your favourite statistics and data / open access blogs or by helping expand our catalogue of academic blogs by filling in our suggest a site form.

Intute: Social Sciences features more economics blogs in our economics section or if you are an economist who is thinking about blogging, why not try the Guide to Using Blogs in Economics.

Favourite blogs: Elections

11 Mar

ESRC Festival of Social Science 2008 logoWelcome to Our Favourite Social Science blogs.

As part of the ESRC Festival of Social Science 7th –16th March, Intute: Social Sciences is featuring a series of articles by our subject editors presenting their favourite blogs.

Today, Paul Ayres from the Intute: Social Sciences team in Bristol, looks at the role blogs can play in elections.

The political blogosphere is probably the most heated part of the world of online social science comment. With the US Presidential election in full swing, it seems apt that I take this as my subject for looking at the effect blogs can have on elections, by looking at some of my favourites.

Most mainstream media outlets now supplement their news coverage with a blog. One of my favourites is the Hotline on Call blog, a team blog from various political correspondents who work for the National Journal. It’s a rapid fire round-up of the latest election news, which can generate a lot of blog posts at key times of the campaign and provides an excellent summary of what is happening in the mainstream media Stateside. However, my favourite part is the HotLine TV daily video update, which usually features editors Amy Walter and John Mercurio.

During the campaign they have made a habit of posting special videos marking the departure of various candidates from the Presidential race.

But what about proper academic sources? No one site stands out above the rest, but The Monkey Cage features some good writing from four professors of political science at George Washington University. Among their number is Henry Farrell, who is also a contributor to Crooked Timber, one of those rare interdisciplinary blogs which cover a range of social science topics, including US politics. Another team blog is PolySigh, which includes analysis from Philip Klinker and has been particularly strong on racial and religious aspects of voter analysis. While the CalTech Election Updates blog and the Election Law @ Moritz blog provide valuable round-ups on the mechanics and legal aspects of voting.

Elections of course mean polling and the joys of polling data, undecideds breaking towards the challenger, margins of error and all sorts of other psephological nuances. While not presented as a blog, Electoral-Vote.com presents a daily analysis of the latests polls, maps of how this affects the overall national picture and occasional think pieces on broader issues – the latest of which is How Good Are Experienced Presidents? Or if you would like an alternative, The Gallop Poll presents updates of election data and their Editor-in-Chief, Dr. Frank Newport gives you the stories behind the latest polling numbers on their YouTube channel.

If you are interested in the broader role that the Internet can play in the campaign, then you really need to read TechPresident, set up by the Personal Democracy Forum to track “how the candidates are using the web and how the web is using them”. It presents a daily round-up on the latest on the web about and by the candidates, it tracks their popularity in terms of a number of popular Web 2.0 sites such as Facebook, MySpace and Technorati, and takes an activist stance asking Who will be America’s first TechPresident. If you want to supplement your TechPresident reading, then why not try PrezVid from Jeff Jarvis, which is tracking the YouTube element of the campaign.

Of course, there are plenty of other elections where the blogosphere can make an impact. In London, there’s a mayoral election coming up where MayorWatch is rounding up the latest news about the campaign and some say that political blogging is becoming more relevant in the Arab world too. In Europe, Roland Abold looks back on their role in the 2005 German elections and there is even an interesting visual representation of the French political blogosphere that reflects on their presidential election last year.

For some further academic analysis of the electoral blogosphere try:

You can contribute to this event by leaving a comment on this article, perhaps letting us know about your favourite election blogs or by helping expand our catalogue of academic blogs by filling in our suggest a site form.

Intute: Social Sciences features more resources on blogs and elections, US elections and elections in general.

Follow

Get every new post delivered to your Inbox.