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Economics Anonymous

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by Yves Smith and Felix Salmon
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Jul 31 2007 12:00am EDT

Economics Anonymous

Here's one for the economics nerds: YouNotSneaky has a long post, with more than a few Hamiltonian multipliers and reciprocals of the rate of intertemporal substitution, on whether people buy more stuff because they want to increase their status. (Short answer: no.) It makes for an interesting read, and is written in a most lively fashion.

But also: How would an economist explain the existence of this blog entry in the first place? The key here is that the author is anonymous, and therefore cannot get much obvious benefit from it. Economists blogging I can easily understand; economists blogging anonymously is harder.

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