Another Friday – another post with interesting links on economics.

1. Let’s keep the tradition and start with a link from Michael Fuenfzig – property rights and internal migration in Russia.

2. Economics Blog tells us how austerity could be self-defeating.

3. For any Star War fans out there – was Death Star really worth all the fuss?

4. From The Atlantic – how being kidnapped by pirates is just something from game theory.

5. Noah Smith has an interesting post on the essence of the financial crisis.

6. Again from Noah – structuralists vs. cyclicalists.

7. Nick Rowe from Worthwhile Canadian Initiative has a couple of interesting posts. First – about forward and backward-looking stuff. And second – about identity economics.

8. The Economist’s Free Exchange blog talks about a possible Greek exit from Eurozone.

9. Paul Krugman has a quite pessimistic piece on economics and its usefulness.

10. And finally – an interesting blog (the whole blog!) dedicated to why you shouldn’t get a Ph.D. Not willing to discourage ISET students from doing one, but just to list all the cons (and we all know about pros, don’t we?)