This Monday, October 14th, Eugene F. Fama
 and Lars Peter Hansen
 (University of Chicago, USA) and Robert J. Shiller (
Yale University, USA) won the Nobel Prize in Economics. The Royal Swedish Academy of Sciences awarded them “for their empirical analysis of asset prices”.

In September the recruiting season gathers pace, a fact that candidates today know well. Last year, the number of people visiting the INOMICS job listing pages increased by 28% in the eight weeks from the start of July to late September. The rush increased even more in October, with a rise of 20% in just one month. Every institution has their own policies and guidelines for faculty hiring, but still there is a set of best practices which in many cases is applicable regardless. We explored examples of best practice for academic recruiting (before the interview stage) and put together a list of them to help INOMICS customers find the best match for their positions.

With the upcoming appointment of a new Chair(wo)man for the US Federal Reserve System (the Fed) the blogosphere is abuzz with rumours, recommendations, and revelations about who could be in line for the coveted position ahead of the decision, which will not be made until fall.

At this time of year, with the summer heat visibly rising from the Berlin pavement, for many there is nothing more appealing than a cold beer in one of the city’s numerous beer gardens. And perhaps among these Berlin beer lovers, more than a couple of economists might be found as well.

Today, on July 1st, Canadian-born Mark Carney is to assume governorship of the Bank of England.  In a show of professional meritocracy, the BOE is the first central bank to hire a foreign economist as its director. Carney is the first non-Briton to be appointed to direct the BOE since Bank’s establishment in 1694.

Following my last post listing our favourite economics blogs, I have looked a little closer at the blogging community and who the potential contenders are for THE coveted position of top economics blog.

Time and time again we hear economists seeking to answer the questions:  “How and why some countries manage to get rich while others stay poor?” and “What can be done to change this fundamentally wrong situation?”. To help tackle these issues we are dedicating a series of blog posts to the field of Development Economics.

In recent months the INOMICS blog has featured a series of posts about rankings of departments and universities. Traditionally, ranking has practically been an academic discipline in itself, with big names like QS, the Times Newspaper and in Economics the citation listings compiled by REPEC, dominating the field. However a trend towards a kind of “crowd-sourcing” of ranking has started to appear. The Shanghai ARWU was one of the earliest major ranking bodies to introduce this, but others are following.

We are sad to share the loss of a great economist yesterday. Robert Fogel, Nobel Laureate (1993, with Douglass North) passed away yesterday at the age of 86. He was a Professor at the University of Chicago Booth School of Business and Founding Director of the Center for Population Economics.

There exist two sides to every argument; in this one we have on one side a utopian world where everyone is equal and on the other a world where inhabitants don’t want to share what they’ve earned (presumably) by persistence and hard work with others and keep it for themselves. Herein lie the issues of inequality and the question of welfare and income redistribution. There are debates at every level of society, government and especially amongst economists as to where this problem comes from and how to tackle it.

At INOMICS we strive to offer the best resources for economists to support them in their careers. Besides providing information on jobs, courses and conferences in the economics field, in partnership with RePEc we’ve been working on making economics research more accessible to our users. As a means of support in promoting economics research, in April 2013

For the last couple of years we have been hearing repeated, if sporadic ‘rumours’ about the soon-to-be recovery. Different economists have different views on this, and below you can find a list of up-to-date comments about the prospects for the near future, and conferences which are open for registration if you have ideas on this topic to tell the world about.

* The original article was published in the INOMICS Customer Newsletter. Click here to subscribe.

Last year I wrote a post on whether free education would replace the skyrocketing tuition fees being faced around the world. A year later and this topic has expanded so much that it has a name: MOOCs – Massive Open Online Courses – and there are, literally, millions of them and the trend is growing fast, as illustrated by this ‘MOOC Timeline’.

Yesterday, the 19th of Feb, the economics community lost another famed scholar – Armen Alchian, 98, professor emeritus at the University of California Los Angeles.

Image Credit: Liz Fosslien Have you ever considered dating an economist, and if yes, what did you decide? If you are puzzled by this question, there are plenty of resources, which can help you to find an answer. The amount of material on this topic found by searching Google and the number of jokes made clearly indicate that it is indeed a hot topic, even more so on a Valentine’s Day.

 The US-based International Association for Energy Economics is the world’s largest organization of Energy Economists with members from over 100 countries. Part of their mandate includes facilitating the mutual association of people interested in energy economics, in order to create a forum for professional discussion and to provide a means of international communication and exchange. Collaboration between INOMICS and IAEE has already benefitted both organizations in terms of consolidating global reach and sharing resources.

Two weeks having passed since ASSA 2013 we have put together a list of links from economics blogs, which highlight some of the sessions, papers and thoughts triggered by the discussions. If you  have found more interesting resources share them with us in the comments!

As we reached the end of the year 2012, we decided to compile a list of the top INOMICS blog posts, those that received a record number of visitors throughout the year.  Enjoy your reading and Happy New Year to everyone!

Sources: Christmas Spending Survey 2012, Deloitte; NRF’s Holiday Survival Kit  (US only); HSBC Christmas Spending Survey 2012 (UK only) The Christmas Season is probably the heaviest burden for family budgets among all the annual holidays, and the best business opportunity for retailers. In the US alone estimations of spending on Christmas-related items hit $586.1 billion in 2012.

INOMICS continues and expands its working partnership with the European Regional Scienc Association (ERSA) into 2013.

Apps (already “Word of the Year” in 2010), have become an integral part of our everyday lives, bringing to our phones not only entertainment, but also helpful tools to be used for educational and professional purposes. Downloadable for free or for a price, there are a number of handy apps created especially for economists, which come in the form of data sets, quizzes, educational videos, podcasts or simply mobile versions of media.

It is that time of year again!

Halloween is a highly commercialized holiday in the US, with people of all ages celebrating and spending. Expected Halloween spending of US consumers in 2012 almost equals government expenditures of Kenya. According to surveys conducted annually by the National Retail Federation, in last five years total spending on Halloween in the US grew from $4.96 billion in 2006 to an expected $8 billion in 2012. After a significant drop in spending in 2009, consumers managed to bring it back up to the level of a previous year in 2010.