Click here for another insightful student review of a working paper at NEP-HIS Blog. This review is by Alexander Horkan, a final-year PPE student at Queen's University. Alexander reviews a paper by Thor Berger and Kerstin Enflo which looks at the short- and long-term economic impact of railroad development in Sweden. They suggest that railroad development in the nineteenth century shapes the economic geography of present-day Sweden.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.