Author Archives: mkevane

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About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.

Civil society organizes against presidential guard… where will it go?

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Innovation in American economy for the future

Killing the Golden Goose: The Decline of Science in Corporate R&D by Ashish Arora, Sharon Belenzon, and Andrea Patacconi. I briefly discussed this paper with my Osher class at Santa Clara (alumni and retired members of the SCU community).  Many … Continue reading

Posted in Teaching macroeconomics, United States | Comments Off on Innovation in American economy for the future

Who is onboard for a modest, coordinated, increase in global wealth tax on, let’s say, fortunes above $50 million?

King Abdullah of Jordan picked up the tab for a Christie family weekend at the end of the trip. The governor and two staff members who accompanied him came back to New Jersey bubbling that they had celebrated with Bono, … Continue reading

Posted in Teaching macroeconomics | Comments Off on Who is onboard for a modest, coordinated, increase in global wealth tax on, let’s say, fortunes above $50 million?

When economists work for money, do they get dumber?

Let’s read the article from the Washington Post on Alan Krueger’s research paid for by Uber: Uber drivers in many of the company’s major markets are making about $6 an hour more than their traditional — and professional — taxi-driver … Continue reading

Posted in Teaching macroeconomics, United States | Comments Off on When economists work for money, do they get dumber?

Microsoft to acquire Revolution Analytics

I’m very pleased to announce that Microsoft has reached an agreement to acquire Revolution Analytics. Revolution Analytics is the leading commercial provider of software and services for R, the world’s most widely used programming language for statistical computing and predictive … Continue reading

Posted in R statistics | Comments Off on Microsoft to acquire Revolution Analytics

The Snow Queen by Michael Cunningham

I confess the book lost my attention in the final third.  I felt like I had understood enough, so I skimmed.  I enjoyed reading it, even though I do not ordinarily like American family drama novels (I live it, what’s … Continue reading

Posted in Book and film reviews | Comments Off on The Snow Queen by Michael Cunningham

Sarcastics United: Justice Scalia Is our Champion, Literally and Snootily

Justice Scalia might have a different objection. “I’m a snoot,” he once said.  “Snoots are those who are nit-pickers for the mot juste, for using a word precisely the way it should be used,” he explained.  Professor Hasen, on the … Continue reading

Posted in Personal Kevane life | Comments Off on Sarcastics United: Justice Scalia Is our Champion, Literally and Snootily

Another top economist (Sachs) disserves his readers

Jeffrey Sachs writes in an opinion piece (The War with Radical Islam by Jeffrey D. Sachs – Project Syndicate) To be clear, Western actions do not provide Islamist terrorism with a scintilla of justification. The reason to point out these … Continue reading

Posted in Development thinking, United States | Comments Off on Another top economist (Sachs) disserves his readers

Horrible writing from Larry Summers and Ed Balls

A report on wage stagnation in the United States, that I quickly perused, prompted the following question on style:  Why do so many prominent economists think that nobody cares what they write as long as they understand the general thrust … Continue reading

Posted in Teaching macroeconomics | 3 Comments

Beautiful Darkness by Kerascoët’s and Fabien Vehlmann

This was on many lists of best graphic novel of 2014, so I ordered it for Christmas present for Sukie.  Very disturbing, but we had an intense discussion of what it “meant” where I got to be like a middle-school … Continue reading

Posted in Book and film reviews | Comments Off on Beautiful Darkness by Kerascoët’s and Fabien Vehlmann

Pretty friggin sobering: Exploding wealth inequality in the United States

Since the housing and financial crises of the late 2000s there has been no recovery in the wealth of the middle class and the poor. The average wealth of the bottom 90 percent of families is equal to $80,000 in … Continue reading

Posted in Teaching macroeconomics | Comments Off on Pretty friggin sobering: Exploding wealth inequality in the United States

Early 2015 reflection on childhood

Yesterday at some point I remembered that when I was a kid I used to have a recurring dream that I could fly.  The dream usually started with my standing in our driveway.  We had two very large trees next … Continue reading

Posted in Personal Kevane life | Comments Off on Early 2015 reflection on childhood

Good editorial from the NY Times on the Fed’s current balancing act

The challenge for the Fed is to hold rates low without inflating bubbles. The way to do so is to control speculation through stepped-up regulation of banks and other financial institutions. Instead, the Fed has been inclined to ease up … Continue reading

Posted in Teaching macroeconomics | Comments Off on Good editorial from the NY Times on the Fed’s current balancing act

Books read in recent months… quick reviews

I have been terrible about recording what I have been reading and watching in the last few months.  So I thought as a way to start off 2015 without that hanging over my head I could just to a one … Continue reading

Posted in Book and film reviews | Comments Off on Books read in recent months… quick reviews

El Amor by Ricardo Arjona… he is coming to San Jose… too expensive for me

El amor es la belleza que se nutre de tristeza, y al final siempre se va..

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After grading, and after mother in hospital, time for holding your head high

Posted in Personal Kevane life | Comments Off on After grading, and after mother in hospital, time for holding your head high

Why could the ruble not have collapsed while I was teaching macroeconomics?

To try to stanch the bleeding, on Monday evening (the middle of the night Moscow time), the Central Bank of Russia announced a stunning interest rate increase. Its main deposit rate is now 17 percent, up from 10.5 percent when … Continue reading

Posted in Teaching international trade, Teaching macroeconomics | Comments Off on Why could the ruble not have collapsed while I was teaching macroeconomics?

Burkina Faso government suspends CDP and ADF-RDA

I hope in coming days there will be more clarification of exactly what the basis for the suspension is. Burkina Faso’s transitional government on Monday suspended the party of deposed president Blaise Compaore and two allied political groups which had … Continue reading

Posted in Politics | Comments Off on Burkina Faso government suspends CDP and ADF-RDA

Time for transition authorities in Burkina Faso to actually demonstrate rather than promise

It would be nice to see their own declarations of assets made public and enable journalists to investigate, and to see the declarations of old regime members (their assets were supposed to have been declared).  Also, as REN-LAC says, what … Continue reading

Posted in Politics | Comments Off on Time for transition authorities in Burkina Faso to actually demonstrate rather than promise

Why I generally detest Hollywood movies

Family and friends always ask me why I typically refuse to go to most Hollywood movie, why I sigh heavily when I am watching them, while I roll my eyes in the dark, why I have nothing to say after … Continue reading

Posted in Personal Kevane life | Comments Off on Why I generally detest Hollywood movies