Links for 2012-05-22

• The Age of Equality - Richard Pomfret
• Was Hayek a (Welfare) Statist? - Uneasy Money
• Hayek and the Welfare State, Yet Again - Crooked Timber
• The Long and Short of Fiscal Policy - Alan Blinder
• Is That the Sound of a Bending Cost Curve? - Jared Bernstein
• How Markets Crowd Out Morals (Michael Sandel) - Boston Review
• Our penal system - Acemoglu and Robinson
• Re-thinking the ‘War on Drugs’ - Vox EU
• Godwinization - Paul Krugman
• Investing in Julia - Nancy Folbre
• Why China Won’t Rule - Robert Skidelsky
• The liberal Keynesian dilemma - Chris Dillow
• Rules vs. discretion, RE, and the road forward - Macro Matters
• Falling Export Share and US Export Competitiveness - Liberty Street
• Slow Recoveries: A Structural Interpretation - Gali, Smets, and Wouters
• Disentangling the Channels of the 2007-2009 Recession - Stock and Watson
• Fed’s Lockhart: No Need to Extend Operation Twist - RTE
• Giddens on agents and structures - UnderstandingSociety
• Fed Asset Buying and Private Borrowing Rates - FRBSF
• The Costs of Debt Finance - mainly macro
• Leap Motion’s incredible strategy - Digitopoly
• How Overvalued Is Southern Europe? - Paul Krugman