We have heard a lot this past year about money and the Eurocrisis and Greece and Germany and, and, and.. . But do many of us really understand what’s going on there? What it’s all about? Luckily, we can read the concise and clearly-written Greek Crisis in Perspective: Origins, effects and ways-out fresh from the New Palgrave’s Dictionary of Economics. Not surprisingly, this thing has been brewing since 1980, when Greece joined the European Union. Take a look at the charts and graphs in this article. Number 7 is particularly confusing. Hopefully someone over in Greece will read the section on “ways out” and climb out of this situation.
On a more exciting note, the most popular article in New Palgrave’s is the Economic Impact of the Olympic Games. I often wonder why countries compete to host the games – what with all the logistical and security headaches and the enormous costs. You know what else I wonder about? What was Old Palgrave’s like?