Links for the Weekend

-- Sumner wonders why DeLong and Krugman are trying to model asset-price bubbles, and compares them to alchemists. And not in a good way.

-- Martin Wolf agrees with me: the New Economic Order will look a lot like the Old Economic Order.

-- "Slapped by the Invisible Hand": The shadow banking system is a real banking system, and should be treated as such.

-- Easterly vs. Collier in which the former accuses the latter of statistical lies (i.e. "data mining"), plus Blattman's take and a shoutout to Karl Popper. So far, to my knowledge, Collier has not responded.

-- A new IPE book on the politics of global regulation.

-- Cowen and Singer on aid, development, poverty, and ethics: