1. From this month's Journal of Finance: "This paper offers the first empirical investigation of the influence of credit default swaps (CDS) on subprime mortgage defaults during the financial crisis...we find that CDS coverage significantly increased the probability of loan delinquency."
2. Robert Putnam, E.J. Dionne, and Richard Reeves have a great podcast discussion of Putnam's new book.
3. Susan Dynarski on how to close the education gap between rich and poor.
4. Is economic history dead? The Economist asks. I would say no, and that important works in a new vein of economic history have been published quite recently. See the work of Richard Hornbeck and Dave Donaldson, Nathan Nunn, Melissa Dell, Nathaniel Baum-Snow, Hans-Joachim Voth and Nico Voigtlander. And that's just for starters. They are tackling questions that it is sometimes hard to believe economics can answer -- deep historical questions -- and doing so convincingly.