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» Productivity, the Trade Deficit, and Dark Matter: Part I from Economics Unbound
The debate over the trade deficit and dark matter goes on. Brad DeLong takes a shot at it here, concluding that: I believe what Rudi Dornbusch said: that when highly intelligent and respected economists begin evolving plausible theories that--this time... [Read More]

» Dark matter from The Intangible Economy
I have been trying to understand a new economic theory that attempts to answer an intriguing puzzle in our international trade and finance statistics: why is it that the US has a positive income of around $30 billion when our... [Read More]


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