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Category: Methods

Visualizing Economic Complexity

Here  is a picture of the Indian economy between 1962 and 2009 (click on the picture for a bigger view):

The picture helps visualizing Indian economic development over the past 50 years.The turquoise dots that emerge in the lower right-hand corner between 1962 and 2009 represent the emergence of India’s high-tech industry. Likewise, the purple dots that emerge in the middle of the lower half between 1962 and 2009 represent the emergence of India’s chemicals industry.

Becker and Posner on Food Prices in Developing Countries, and Social Science Epistemology

This weekend, Gary Becker and Richard Posner — two of the smartest and most prolific academics in the nation — wrote about food prices in developing countries on their blog. As always, their analysis is excellent and their writing is top-notch, so what I discuss in this post is really a quibble.