Reading

Escalating tensions in the Middle East include Hezbollah rocket attacks and increased Israeli bombing in Lebanon. via Al Jazeera.

George Loewenstein and Peter Ubel believe that while behavioral economics offers useful insights, it shouldn't replace traditional economic strategies.

via The source of this content is Marginal REVOLUTION.

Arnold Kling claims the Council of Economic Advisers' new model shows the stimulus worked, but questions the model's credibility. via Econlib

Al Jazeera's live news updates cover Hezbollah rocket attacks on Haifa and Israel's bombing of Lebanon. via The source of this content is Al Jazeera.

Al Jazeera's live news updates cover Hezbollah rocket attacks on Haifa and Israel's bombing of Lebanon. via The source of this content is Al Jazeera.

John Cassidy reflects on the legacy of the late George Steinbrenner and the contrasting atmosphere of the New York Yankees then and now. via The New Yorker

Bryan Caplan ranks the productivity of conversations with different groups based on political affiliation and economic literacy, sparking debate in the comments on open-mindedness and shared worldviews.

via Econlib

Arnold Kling challenges Brink Lindsey's argument that libertarians should distance themselves from the Tea Party Movement, suggesting libertarians should engage in reasoned debate on areas of agreement and disagreement. via Econlib

Mind Hacks shares an article examining the economics of the fashion industry, and how the use of "options" can impact which models rise to the top.

via Mind Hacks

Concerning practice reported in East Africa where heroin users are injecting themselves with the blood of other addicts to share the high or manage withdrawal, risking AIDS and hepatitis. via The source of this content is Marginal Revolution.

Alex Tabarrok shares a book recommendation for "Last Call" which explores the history of Prohibition in the United States. via Marginal REVOLUTION

This blog post shares a study that found economics was the third most common major among CEOs of S&P 500 companies. via The source of this content is Marginal REVOLUTION.