Various teaching links

1. My student Maximillian @M_Doelle sends us this link for the prisoner's dilemma

http://twitpic.com/dp2ufl

2. And Anastasia sends us to this for how people get confused over innovation http://blogs.hbr.org/2013/12/stop-me-before-i-innovate-again/.

thanks both!

Median household incomes: look at those pensioners...

Here's an interesting chart from the UK. Whatever stagnation of incomes is occuring it's not for pensioners.

(From ONS, 2nd December ad hoc charts)

Britain's productivity performance: a medium run view

UK productivity has slumped in the recession.   But it is worth remembering it was very good up until then. Table 5 in Timmer et al is very useful (Marcel P. Timmer & Robert Inklaar & Mary O'Mahony & Bart van Ark, 2011. "Productivity and Economic Growth in Europe: A Comparative Industry Perspective," International Productivity Monitor, Centre for the Study of Living Standards, vol. 21, pages 3-23, Spring).  Remember that UK productivity grew a lot after Mrs Thatcher#s initial reforms. But this table is from 1995.