Marginal Revolution: Recent Episodes
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- “Today, we launched the John Stuart Mill Fellowship, a one-year program that allows entrepreneurs to study the philosophical underpinnings of major ideas related to markets, politics, and society.” Mercatus. 2. “Curiously, the wild boars remained radioactive.” 3. The lost lifting stones of Ireland. 4. Are we living through a new scientific revolution, with side […]
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Comments In reply to Dinwar. I would not be surprised if a human does ... by Moral Panic * In reply to George Oh-Well. “My issue is with the ... by Dinwar * In reply to Moral Panic. Mother earth is talking to you right ... by Equestrian * In reply to Dinwar. Omg I totally rode a bull in college! by Tiffanie * In reply to Nuke bro. I found a source that says the boar ... by Alex VB* * Plus 10 more...
From an email I sent to a well-known public intellectual: I think the chance that the bodies turn out to be real aliens is quite low. But the footage seems pretty convincing, a way for other people to see what…sources have been telling me for years. [Everyone needs to stop complaining that there are no […]
The post What I think appeared first on Marginal REVOLUTION.
Comments In reply to dude. Christianity rests on the premise the Jesus ... by Nick * In reply to Jay. Then you seriously lack imagination. Even ... by Mark Z * In reply to Naveen K. Do you have any theory to link these ... by Bldysabba * In reply to Edward Burke. JWST data incoming: ... by Edward Burke * In reply to Anon. So we should change our mental models based ... by Anon Also * Plus 10 more... Related Stories Ho hum model this * My Conversation with the excellent Jerusalem Demsas * How to travel in India
Last year in Get the Lead Out of Turmeric! I reported that adulteration of turmeric was a major source of lead exposure among residents of rural Bangladesh. Well there is good news: the lead is gone! Wudan Yan at UnDark reports the remarkable story of academic research quickly being translated into political action that improves […]
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Comments Nice good news story about progress in product regulation. by M Related Stories U.S.A. fact of the day * China fact of the day * Russia-Africa facts of the day
After the Supreme Court struck down Roe v. Wade last year, it looked like the number of abortions would soon plummet across the country. But new estimates suggest that has not happened. The number of legal abortions has held steady, if not increased, nationwide since 2020, our colleagues Amy Schoenfeld Walker and Allison McCann reported today. […]
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Comments In reply to No simple answer. hmmm … seems exactly the same ... by Skeptical American * In reply to Scott Mauldin. The demand for bodily autonomy and ... by mcro * In reply to M. In the mid 60s, unmarried people having sex ... by Mayba bit of background would help * I'll bet against this one holding up. by JohnBuridan * In reply to M. Yeah, “abortion demand is inelastic” is ... by Alamo * Plus 10 more... Related Stories China fact of the day * Why is the minor key rising in popularity? * Russia-Africa facts of the day
When I first read about the discovery of a vast new deposit of lithium in a volcanic crater along the Nevada-Oregon border, I can’t say that I was surprised. Not because I know anything about geology — but because, as an economist, I am a strong believer in the concept of elasticity of supply… Now about elasticity of […]
The post Do not underrate the elasticity of supply appeared first on Marginal REVOLUTION.
Comments Oh the wonders of elasticity of supply! Increased demand for ... by The Scary Black Hundreder * Whatever the case with elasticity, junior exploration company ... by blue jay * Wanna make a bet? by Paul Earlicker * When English planters in the New World found indentured labor ... by Steve Sailer * In reply to Observer. My dick slopes leeward, take that, ... by Fake $5 Bill * Plus 9 more... Related Stories How Credible is the Credibility Revolution? * The Ball the Bat and the Hopeless * A matching framework with neither evidence nor theory on its side
The Mexican government releases some of its footage. And more. Here is 4.5 hours, I have not watched it. Here is lots of Twitter commentary. And one snatch of detail on the corpse. Is this just the Virgen of Guadalupe all over again? But with photos and sensor readings? Por favor, explica’ me a mi!
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Comments In reply to Naveen K. Are ants, spiders, insects etc not ... by Mactoul * Maussan had those bodies in 2017 and they were, according to ... by Frank * Model what? Model why so many people are spending so much time ... by Mark * In reply to Naveen K. Sounds like a typical scenario. One ... by Thisthat * I'm gonna model your Mama's explosive diarrhea that she ... by Ben Winslet * Plus 10 more... Related Stories My Conversation with the excellent Jerusalem Demsas * How to travel in India * What should I ask Jacob Mikanowski?
- Richmond Fed interview with Melissa Kearney, her new book is great. 2. My William Blair podcast on AI. 3. Thomas Easton Substack on India’s business world. 4. A cognitive theory of policing. 5. A flood of successes for school choice. 6. Model this solve for the equilibrium the polity that is California what else […]
The post Tuesday assorted links appeared first on Marginal REVOLUTION.
Matt Yglesias writes: …(continue to be confused by the widespread claim that the elites won’t tell you about this idea) Matt is referring to the two-parent family and the notion that elites will (after some point) lead fairly culturally conservative lives, but preach a more outgoing, tolerant, liberal morality at the social level, a morality […]
The post The shaming of one-parent families appeared first on Marginal REVOLUTION.
Comments In reply to skyzyks. This my best guess about my interest ... by Equestrian * In reply to Sure. You can say much the same thing about ... by Hazel Meade * In reply to dan1111. …and yet shame and intolerance abound ... by Brian Donohue * In reply to Hazel Meade. That isn't an accident. That is bad ... by Maybe not * In reply to steve. Shaming is for the benefit of those who ... by George Oh-Well * Plus 10 more... Related Stories Misandry * Did Katrina boost freedom, wreck state capacity, or both? * Attitudes toward capitalism (Poland fact of the day)
China is set to become the world’s biggest car exporter this year, overtaking Japan. The watershed moment will mark the end of decades of dominance by European, American, Japanese and South Korean groups. Here is more from the FT. Note that as recently as three years ago, China for car exports was not in the […]
The post China fact of the day appeared first on Marginal REVOLUTION.
Comments In reply to M. Ha. But mine was more fair. I don't think ... by Reason * In reply to JMCSF. According to Consumer Reports, Ford and ... by ee * In reply to Bill. Does anyone in this comment section now ... by M * In reply to Thelonious_Nick. Dear Sockpuppet Theolonius, I ... by Bill * In reply to JWatts. That's roughly half the price of the ... by Lord Action * Plus 10 more... Related Stories Russia-Africa facts of the day * Misandry * A Diamond Pricing Puzzle
When economists analyze a well-conducted RCT or natural experiment and find a statistically significant effect, they conclude the null of no effect is unlikely to be true. But how frequently is this conclusion warranted? The answer depends on the proportion of tested nulls that are true and the power of the tests. I model the […]
The post How Credible is the Credibility Revolution? appeared first on Marginal REVOLUTION.
Comments In reply to Duh. Brothers, sisters, come sit, and gather ... by Equestrian * Another, comparing analyses by teams of the same sets of data, ... by mcint * Statistics are easily manipulated into superficially credible, ... by Statstats * So, are we pretending theres no selection into journals? by Duh * When using my preferred model, 87.3241% of papers in leading ... by How is this for credible? Related Stories Misandry * The Ball the Bat and the Hopeless * Did Katrina boost freedom, wreck state capacity, or both?
Keep in mind that Canadian immigration policy also is U.S. immigration policy. Currently Canada is taking in about 400,000 people a year, with plans to raise that to 500,000. At the same time, the U.S. is doing little to boost high-skilled immigration. But Canada is serving as a kind of farm system for the U.S. […]
The post U.S. immigration policy is slightly better than you think appeared first on Marginal REVOLUTION.
Comments In reply to Naveen K. I hate the immigration system, but an ... by Shorter Naveen * In reply to Sean. You said… “often children of immigrants ... by tryna help * In reply to Naveen K. Great post @ Naveen. Immigration policy ... by sxb * In reply to Trust me. Elon Musk identifies more as an African ... by JC * In reply to Pulling a Phinton. So immigrant citizens aren’t ... by Naveen K* * Plus 10 more...
- Pluto: 1994 vs. 2019. 2. The current case for Novavax? 3. New 3.5 hour documentary about Paul Simon. 4. Learning German, most of all a directory of (largely mediocre?) podcasts? 5. My 13-minute chat with Alexandra Hudson on her new civility book. 6. Ross Douthat profile (New Yorker).
The post Monday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to H. You're probably like 30 now though; what ... by M * In reply to Vanya. Cre.fm invites experts for a topic and ... by Anton Maier * In reply to PHinton. That video clip was literally amazing. ... by Sashoir * There are plenty of high quality podcasts in German. Sadly some ... by Vanya * In reply to H. That profile was fascinating because his long ... by Dorey* * Plus 10 more...
Another telltale sign of sad songs is the minor key. This rise in minor key songs has been dramatic. Around 85% of songs were in a major key back in the 1960s, but in more recent years this has fallen in half. My favorite guru of music data analytics, Chris Dalla Riva, has sent me this chart […]
The post Why is the minor key rising in popularity? appeared first on Marginal REVOLUTION.
Comments Does the growing popularity of minors indicate that pedophilia ... by rsm * You philistines just don't know good driving music. ... by Anti-Gnostic * In reply to JB. Fashion Nugget was an excellent album ... by Cake * In reply to Faze. There was actually a brief era when many ... by in the dock of Tiger Bay * In reply to Dinwar. In past eras people had real problems to ... by in the dock of Tiger Bay * Plus 10 more... Related Stories Did Katrina boost freedom, wreck state capacity, or both? * Attitudes toward capitalism (Poland fact of the day) * Northern Virginia (Singapore) fact of the day
You will no doubt be familiar with the bat and ball problem; A bat and a ball cost $1.10 in total. The bat costs $1.00 more than the ball. How much does the ball cost? ____ cents. In a paper in Cognition, Meyer and Fredrick test multiple versions of the bat and ball and related […]
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Comments In reply to Gdanning. Every non-retard would get the answer ... by Trick question * In reply to Asklepias. Can they ask Wolfram Alpha? by rsm * In reply to Tom. What if she decided lawyers are arbitrary ... by rsm * This is a subject I've thought about many, many times and I am ... by JB * In reply to Mike W. Bolding and underlining don’t help. We ... by Andrew Meyer * Plus 10 more... Related Stories My Conversation with Vishy Anand * A matching framework with neither evidence nor theory on its side * The impacts of Covid-19 absences on workers
The author is Kevin Vallier, and the subtitle is On Radical Religious Alternatives to Liberalism. This is an excellent and important book, starting with its defense of classical liberalism over Catholic integralism and indeed illiberalism more generally. But do note that Kevin, although a professional philosopher is also a Christian (Eastern Orthodox), and he is […]
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Related Stories* What should I ask Jacob Mikanowski?
- “What Harvard can learn from Olive Garden?”
- Don’t Doubt: Saint Thomas in India
I am repeatedly puzzled by this claim, which you will find in Michael Pettis, Paul Krugman, and others (WSJ), even Stephen Roach. It might make sense for short-run matters, when prices are (maybe) sticky. But as of late we are talking about how to restructure China for medium- and long-term growth. Investment good prices are […]
The post Does China need more consumption? appeared first on Marginal REVOLUTION.
Comments Please don’t skim, but actually read Pettis! – he uses ... by A * I don’t understand where Tyler is coming from here at all. ... by Jonathan Vause * Bridges to nowhere is consumption. by tryna help * There is a long line of commentators that thinks savings is ... by Dismalist * Considering the success China has had, maybe it is time to stop ... by Congratulations or else Related Stories Driverless Cars May Already Be Safer Than Human Drivers * Congratulations to Tharman! * South Appalachia > North Appalachia
It is not disputed that current AI is bringing more intelligence into the world, with more to follow yet. Of course not everyone believes that augmentation is a good thing, or will be a good thing if we remain on our current path. To continue in aggregative terms, if you think “more intelligence” will be […]
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Comments “It is not disputed that current AI is bringing more ... by Ethan * == To bad Crypto is so energy intensive. Same with AI too. ... by ged * In reply to Phil S.. >Do better, Tyler. There is zero ... by DeQuan * More stupidity is a good thing. Like mutations, most ideas are ... by anonprof * In reply to Jess Riedel. More cheap energy is the single ... by DeQuan * Plus 10 more... Related Stories The Relentless Rise of Stablecoins * The Conservative Futurist * AI update
Before becoming Italian prime minister, Giorgia Meloni was one of the most strident voices on migration in the European Union. As an opposition politician, she warned darkly of efforts to substitute native Italians with ethnic minorities and promised to put in place a naval blockade to stop migrants crossing the Mediterranean. During her time in office, she has taken […]
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Comments In reply to M. People alienate their rights all the time. In ... by Zach * In reply to Zach. Because the people of the nation are ... by M * Feels like lots of populist right known for toughness on ... by M * In reply to Marian Kechlibar. That's a fair point, maybe some ... by Zach * In reply to sxb. I think it depends on whether you prefer the ... by Gary Lowe * Plus 10 more... Related Stories SpaceX Versus the Department of Justice * “What Harvard can learn from Olive Garden?” * The Mother Church of the Common Law
- “We show that the gender wage gap [at public universities] is narrowing. It declined by more than 50% over the course of our data panel to the point where by 2021, it is no longer detectable at conventional levels of statistical significance.” 2. Jetelina and Wallace-Wells on the pandemic. 3. Do non-socially-connected research papers […]
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Comments 5. This may be true, but all Tyler offers is playground ... by Ted Craig*
In Chennai I recorded with chess great Vishy Anand, here is the transcript, audio, and video, note the chess analysis works best on YouTube, for those of you who follow such things (you don’t have to for most of the dialogue). Here is the episode summary: Tyler and Vishy sat down in Chennai to discuss […]
The post My Conversation with Vishy Anand appeared first on Marginal REVOLUTION.
Comments where's the video? by gg * In reply to Rahul. Anand says something interesting about ... by Nadim Zubia * I'm surprised Tyler is surprised Anand is a good psychologist. ... by What do you meme? * Chess is a bit like opera, classical music, and poetry, IMO. ... by Phil S. * In reply to Hadur. If you talk to people that used to play ... by Bob * Plus 6 more... Related Stories In which sector are the top performers stupidest? * When does the quality premium disappear? * The geography of Indian grandmasters
- In 2022, stablecoins settled over $11tn onchain, dwarfing the volumes processed by PayPal ($1.4tn), almost surpassing the payment volume of Visa ($11.6tn), and reaching 14% of the volume settled by ACH and over 1% the volume settled by Fedwire. It is remarkable that in just a few years, a new global money movement rail […]
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Related Stories* Excess All-Cause Mortality in China After Ending the Zero COVID Policy
- “What Harvard can learn from Olive Garden?”
- The Conservative Futurist
The author is James Pethokoukis, and the subtitle is How to Create the Sci-Fi World We Were Promised. All excellent stuff…due out October 3rd…
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Related Stories* What should I ask Jacob Mikanowski?
- YouTube does not polarize, yet further results in this direction
- What I’ve been reading
R.C. Zaehner, Concordant Discord: The Interdependence of Faiths Being the Gifford Lectures on Natural Religion Delivered at St. Andrews in 1967-1969. Half of this volume is amazing, the other half meandering. The best parts are on Hinduism and Buddhism, and how they can best be understood in relation to Western religions. Zaehner has an amazing […]
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Comments In reply to Kind of sad. “Flattery” seems an accurate ... by The Scary Black Hundreder * Another movie set in Bhutan that I quite enjoyed was ‘The ... by notkevinnealon * Ordering an author's books is not the ultimate act of literary ... by Kind of sad * WaDR- Why dont you re-read some of the best books written by ... by Antony T. Related Stories What should I ask Jacob Mikanowski? * That was then, this is now, concentration of notables edition * Twenty Years of Marginal Revolution!
We’re in that “a lot of people have stopped caring” phase of the transition, don’t let the status quo and recency biases fool you: Google’s new flagship AI model, “Gemini,” is set to be a direct competitor to GPT-4 and boasts computing power 5 times that of GPT-4. Trained on Google’s TPUv5 chips, it’s capable […]
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Comments In reply to Mitch Berkson. And computers for decades were ... by SH, Jr. * In reply to sxb. ChatGPT-4/Advanced Data Analysis for ... by Newt Echer * In reply to Dilbert T. Washington. And if the LLM is so good ... by sxb * In reply to Mitch Berkson. +1, also your NASA contest robot ... by Crusader * [AI UPDATE #2] Tesla FSD v12 demo Gradually then suddenly. It ... by RAD * Plus 10 more... Related Stories YouTube does not polarize, yet further results in this direction * Emergent Ventures winners, 28th cohort * The economic impact of AI
An MR reader asks me: ….what have you found to be nonobvious activities with high return on time invested in India? Perhaps it is all obvious, but here is my list: 1. Make sure you visit a bunch of smaller temples, not just the famous, very well known sites. 2. Never turn down a trip, […]
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Comments “India has the world’s best hotels” What metrics is ... by Reason * I'd recommend taking the train for a long overnight journey. ... by Pablo M. Related Stories What should I ask Jacob Mikanowski? * The Real UFO Story * The Mother Church of the Common Law
- What increases and decreases morale. 2. How might AI reshape government? 3. David Deming on the wage gains from migration. 4. Historic bird once thought extinct returns to New Zealand visibility. 5. Zvi links on dating. 6. Is the U.S. economy seeing an upsurge of new firms?
The post Tuesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to James. Existing machine learning models can ... by Sam * 3. TL;DR but I did scan. Talented people who go to where the ... by EdR * #2 A very impressive (to me, a layman) article on the history ... by James * In reply to Skillcraft. The cost of rejection online is ... by Lord Action * In reply to A friend. “ the Left is maximally bad” ... by Reason* * Plus 10 more...
The chart speaks for itself. pic.twitter.com/35erte95c6 — 𑀅𑀫𑀦 (@The_Equationist) August 28, 2023 Via Scott Sumner.
The post The geography of Indian grandmasters appeared first on Marginal REVOLUTION.
Related Stories* Market Response to Racial Uprisings
- What’s Behind Her Smile? Health, Looks, and Self-Esteem
- Excess All-Cause Mortality in China After Ending the Zero COVID Policy
Defund the police was never really in the cards: Do investors anticipate that demands for racial equity will impact companies? We explore this question in the context of the Black Lives Matter (BLM) movement—the largest racially motivated protest movement in U.S. history—and its effect on the U.S. policing industry using a novel dataset on publicly […]
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Comments In reply to Crusader. Would be an awkward 'so what do you do ... by Crusader * 'the financial market has translated high-profile violence ... by Crusader * When did markets for insurance company assets realize that the ... by Steve Sailer * In reply to Phil S.. My vague impression is that the body cam ... by Steve Sailer * Do they mention the historic increase in homicides that set in ... by Steve Sailer * Plus 2 more... Related Stories What’s Behind Her Smile? Health, Looks, and Self-Esteem * Excess All-Cause Mortality in China After Ending the Zero COVID Policy * El Salvador and the elasticity of supply
- Good advice from the very smart Susan Athey, but it is exactly what has gone wrong. (To be clear, Susan herself does a great deal to help out other people, including those who cannot plausibly benefit her in return. In any case she describes the screwed-up incentives in the profession very well.) 2. California […]
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Looks matter!: This paper examines how improving dental health affects economic, social, and psychological outcomes. In a randomized experiment, we provide a low-income group in Chile free dental care, including prostheses, and find significant and persistent impacts on men’s and women’s dental and self-perceived mental health. For women, treatment generates steady improvement in self-esteem, a […]
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Comments Does this strengthen the case for government-paid dental care? by rsm * In reply to TMC. Yes, I never understood the big lips look. ... by sxb * Braces aren't enough to get the unnatural dental look people ... by Anon * In reply to EdR. “big lips” I'd like to see one example ... by TMC * In reply to EdR. Yes, I was visiting Orange County earlier ... by Anon * Plus 10 more... Related Stories Excess All-Cause Mortality in China After Ending the Zero COVID Policy * Which businesses mix the classes best? * What makes for a good Royal Navy senior officer?
In Unity in Diversity? How Intergroup Contact Can Foster Nation Building, Bazzi, Gaduh, Rothenberg, and Wong use a nation-wide natural experiment to test when diversity leads to unity and strength and when it leads to disunity and weakness. Indonesia consists of 17,000 islands with thousands of distinct ethnic groups and hundreds of languages. The post-Colonial […]
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Philippe Lemoine tweeted: Americans genuinely believe they have better food than France. They really believe it. It’s truly extraordinary. Twitter is full of opinions, I will give you mine. First, I am pretty close to Nate Silver: A person in the 90th percentile of giving a shit about food will generally eat better in the […]
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Comments As an American living in Europe, all I can say is that ... by bielersee * How much of Tyler's motive for living in France for 8 months ... by Randall Parker*
Here is David Brooks on Nikki Haley (NYT). Here is Kathleen Parker. Here is George Will on Vivek Ramaswamy. Via the estimable Chug, Salena Zito is the sanest of them all.
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Comments In reply to BC. Are evangelical Trump voters ready to accept ... by Rick Jones * In reply to California. The problem is that liberal cultists ... by Keith * In reply to Sean Kelleher. Pretty cool that you're able to ... by Keith * Wow with this list Tyler does a great Straussian job of ... by Keith * more deep thoughts from academia satire/not satire -“from a ... by maskedswedishcannibals sven/svens * Plus 10 more... Related Stories Is polarization going up or down? * Excess All-Cause Mortality in China After Ending the Zero COVID Policy * Magnificent Grants
- MIE: NYC tourists take late hours authentic “rat tours.” 2. Economists Writing Every Day — top blog posts of 2023 so far. 3. Safety and open source AI. 4. Bob Barker RIP, at age 99. And here is data from The Price is Right, but I think sooner of Truth or Consequences, a favorite […]
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Comments “7. More Solano County reports.” It's an interesting ... by mkt42 * 5) Although the haka is fantastic, it is impressive how much of ... by Harvey Bungus * In reply to Crusader. 'it's not about the money” which is ... by Crusader, you may want to search * In reply to Actually, I thought team USA looked somewhat ... by EdR * In reply to Mark T. It can make sense as a marginal ... by mkt42* * Plus 10 more...
Rachel Reeves has ruled out any version of a wealth tax if Labour forms the next government, declaring that additional taxation will not lead to prosperity. In an interview with The Telegraph, the shadow chancellor launches a bold bid for support from businesses and wealthier households, saying she will not introduce a levy to target wealth or […]
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Comments In reply to OldCurmudgeon. Doesn't sound very likely put like ... by A.G.McDowell * In reply to Blog Police. Spoofing is a form of ... by Bill * In reply to test. You can choose a billion dollar inheritance ... by Chuck Kotlarz * In reply to Bill. What is a Fake Bill? You're not entitled ... by Blog Police * In reply to Craig. It's not correct that trans activists just ... by Anonymous * Plus 10 more... Related Stories Excess All-Cause Mortality in China After Ending the Zero COVID Policy * Magnificent Grants * SpaceX Versus the Department of Justice
In this cohort study across all regions in mainland China, an estimated 1.87 million excess deaths occurred among individuals 30 years and older during the first 2 months after the end of China’s zero COVID policy. Excess deaths predominantly occurred among older individuals and were observed across all provinces in mainland China, with the exception […]
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Comments In reply to Plamus. For Pacific islands by xiugad * In reply to Asdf. Hmm, well: Age-structure predicted IFR for ... by M * In reply to Hadur. still waiting for more on this, Marginal ... by euronymous * In reply to John. Maybe the differential mortality of the ... by euronymous * Xi’s cred shred as failure to halt spread led to millions of ... by Kieran * Plus 10 more... Related Stories The Impact of Vaccines and Behavior on U.S. Cumulative Deaths from COVID-19 * Magnificent Grants * SpaceX Versus the Department of Justice
Many of you have written in and asked what I think of president Bukele throwing all those gang members (and possibly others) in jail without much due process. I do hope to learn more about this, including possibly with a trip to El Salvador later this year. In the meantime, I say let’s put aside […]
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Comments My understanding of MS-13 in El Salvador is that they are ... by Ricardo * Will grants be provided for economists to research these ... by Take a tour of the whine country Related Stories SpaceX Versus the Department of Justice * “What Harvard can learn from Olive Garden?” * Why are Gender Pay Gaps so Large in Japan and South Korea?
- Georgia man arrested for stealing another man’s entire front porch. 2. Haitian metal sculpture exhibit at SFO, international terminal. And podcast on the economic future of the NBA. 3. Flannery (NYT). 4. Pradumnya Prasad and Rohit Krishnan on why AI won’t kill us. 5. Review of Why Nations Fail. And Prague fact of the […]
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A new grant program, explained here. Excerpt: Every year, 10 exceptional talented pioneers, younger than 25yrs old, will receive a $100.000 grant to bypass what slows them down and to fight the status quo. The founder is Barend Van Den Brande. Bruges! I hope some of you win…
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Comments In reply to F. E. Guerra-Pujol. Which is self-destructive, ... by Paul * In reply to Gman. It depends. Do other/government grantors ... by OldCurmudgeon * Ironically, blocking me is everyone who thinks that youth is ... by dmcharette * I think Tyler got excited when we saw these grants promised to ... by Matt * “Magnificent Grants” There was Cary Grant. President ... by dearieme * Plus 10 more... Related Stories SpaceX Versus the Department of Justice * “What Harvard can learn from Olive Garden?” * What should I ask Jacob Mikanowski?
The DOJ is suing SpaceX for focusing its hiring on US citizens and permanent residents. Yes, you read that right. Semafor: The DOJ alleges that SpaceX discouraged refugees and asylum seekers from applying to open positions and refused to hire those that did, according to the complaint. According to the complaint, SpaceX job postings wrongly […]
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Related Stories* “What Harvard can learn from Olive Garden?”
- What should I ask Jacob Mikanowski?
- The Real UFO Story
That is the title of my latest Bloomberg column, here is one bit from it: One lesson is that it’s harder to convince poorer individuals to mingle with wealthier individuals in settings where the culture is shaped to align with a higher socioeconomic status. Churches, for instance, are usually free and open to all — […]
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Comments Tyler writes “Given that Harvard has an endowment of $50 ... by Rahul * if you need to see a harvard harm reductionist aspirate a ... by community notes * In reply to Y81. Functionally wrong. Harvard admits the ... by harry * In reply to Anon. It's anyways unfair to compare an Olive ... by Rahul * I think churches suffer the same locality effect as drugstores. ... by Rahul * Plus 10 more... Related Stories What should I ask Jacob Mikanowski? * The Real UFO Story * Which countries are the losers in the new mercantilism?
From Alice Evans: Singapore, Hong Kong and Taiwan are closing gender gaps in pay, seniority and parliamentary representation. Japan and South Korea, meanwhile, have the largest gender pay gaps in the OECD. Management remains 85% male. Female graduates are treated like secretaries, expected to pour the tea and run errands. In Japan, a female graduate earns the same as a man […]
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Comments In reply to So Much For Subtlety. “Fed up and frustrated, ... by Peter * Studies on the comparative loss that Korea or Japan lose by ... by N * In reply to Tom T.. The question is valid, though. They could ... by yo * In reply to Asdf. That was a line in the post above “gender ... by yo * In reply to Meadow Freckle. How in the world is there zero ... by Asdf * Plus 10 more... Related Stories Did the U.S. Really Grow Out of Its World War II Debt? * MRU video on opportunity cost * The Ramaswamy plan for a commodity-backed dollar
Yes I will be doing a Conversation with him, here is Jacob’s self-description from his home page: I’m a freelance journalist and writer based in Portland, OR. My academic training is in the history of Eastern Europe, but for over a decade, I worked as a critic and a science journalist. I write about art, […]
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Related Stories* Don’t Doubt: Saint Thomas in India
- The Real UFO Story
- The Mother Church of the Common Law
- Good profile of Merve Emre. And profile of Avi Loeb (NYT). 2. Web scraping for me but not for thee. 3. Street plans for Irish YIMBY. 4. Super-fragmentary new evidence on human origins. 5. Michael Webb podcast on AI, jobs, income, etc. with 80000 Hours. And AI gives a paralyzed woman her voice back. […]
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Comments In reply to MikeP. Humans evolved in Africa but it seems like ... by M * In reply to Naveen K. For those of us without Twitter ... by Moses Taylor * In reply to Faze. And this stirring, ethno-nationalist ... by Anti-Gnostic * In reply to (Not That) Bill O'Reilly. Atlanta is a different ... by Anon * OT: Relating to fertility discussions – Declining fertility ... by M* * Plus 10 more...
Erik Hoel writes that the “the UFO craze was created by government nepotism and incompetent journalism” which makes a lot more sense to me than the other explanation. Here’s a key bit: To sum up the story as far as I understand its convoluted depths: diehard paranormal believers scored 22 million in Defense spending via what […]
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Related Stories* The Mother Church of the Common Law
- Diogo Costa on Brazil
- Don’t Doubt: Saint Thomas in India
[John] Napier’s continental sojourn had embraced the years 1564 to 1571, the year of the Ridolfi Plot. During his absence Galileo, Shakespeare, Caravaggio and Kepler had been born, Michelangelo, Calvin, Nostradamus and Stifel had died, Pope Pius V had excommunicated Queen Elizabeth I, Mary, Queen of Scots, had been forced to abdicate and was under […]
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Related Stories* Twenty Years of Marginal Revolution!
- Did the U.S. Really Grow Out of Its World War II Debt?
- The Mother Church of the Common Law
The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged interest rates before the Fed-Treasury Accord of 1951. Our central result is a simulation […]
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Comments Apologies for my ignorance, but what does this mean in simple ... by SL * Talking with a leading golf course designer several years ago, ... by Steve Sailer * The CBO sees the debt rising as a percentage of GDP. Projecting ... by sxb * In reply to Crusader. Err, people spent the money as you’d ... by Crusader * One of the most stupid sounding questions I’ve never gotten ... by Crusader Related Stories Twenty Years of Marginal Revolution! * That was then, this is now, concentration of notables edition * MRU video on opportunity cost
- Syllabus for a new class on the economics of ChatGPT. 2. NYC home for retired playground animals. 3. The natural world that is Lower Sayreville: “A fish dropped out of the sky by its bird captor caused a power outage for a section of homes in a New Jersey town, officials say.” 4. Ben Casnocha […]
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Comments Isn’t the most likely scenario for #5 just the current trend ... by JSK * 3. The natural world that is Lower Sayreville: “A fish ... by mkt42 * #5 I would include general religious revival, particularly of ... by JP * In reply to Moral Panic. Elon Musk by Consult an expert * #5: Strange that Hanson doesn't mention exo-wombs; I assume he ... by M* * Plus 5 more...
Please note that this video is part of our free Intro to Economics unit plan.
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Comments In reply to Moral Panic. Was it a free lunch, though? by dan1111 * It's often a pleasure when a topic here is coincidentally in ... by Moral Panic * In reply to dan1111. I watched it while eating lunch, so I ... by Moral Panic * In reply to mkt42. Oops, this was meant to be a reply to ... by mkt42 * “As i have said before economics is the study of how people ... by mkt42 * Plus 5 more... Related Stories Twenty Years of Marginal Revolution! * Return to the Econ * The Ramaswamy plan for a commodity-backed dollar
The Temple Church is a small church in London built in 1185 by the Knights Templar. It’s now hidden behind Fleet Street amid the Middle and Inner Temple, two of the four “Inns of Court”, the educational institutions and professional associations for common law barristers and judges. The Temple Church is known as the Mother Church of the […]
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Comments Magnae Cartae And no, the Magna Carta and the rights it ... by Martinned * There are some cool grotesques around the wall there too. A ... by luzh * We are finally deciding that all this talk about laws ignore ... by Thankfully for us Related Stories* Don’t Doubt: Saint Thomas in India * That was then, this is now — the culture that is Swiss edition * The Root of the Problem
I am not convinced by it, here is one excerpt from my latest Bloomberg column: Ramaswamy has called for the US Federal Reserve to stabilize the dollar in relation to the price of commodities, rather than to the consumer price index. That formula is unlikely to bring monetary stability (or tame business cycles) in part because commodity […]
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Comments In reply to sxb. Although actually that source may be wrong ... by M * In reply to sxb. So I guess now that I re-read your posts, ... by M * In reply to sxb. @sxb: But wasn't your argument that ... by M * In reply to Rahul. In 2019 and now industrial production ... by Blake * In reply to M. I don't think the 2020 recession would count ... by JFA * Plus 10 more... Related Stories Twenty Years of Marginal Revolution! * Macro illusions — which ones are you suffering under? * Return to the Econ
We study how the organization of the state evolves over the process of development of a nation, using a new dataset on the internal organization of the U.S. federal bureaucracy over 1817-1905. First, we show a series of facts, describing how the size of the state, its presence across the territory, and its key organizational […]
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Comments In reply to Reason. The reason we do not have a Mars colony ... by jjoan * The title of the post is correct, state capacity is an ... by Rebes * In reply to Reason. Football is all wrong on the margin ... by Equestrian * I'm not sure if there's an implication here of the ... by Alex * “It’s not just that we don’t have a Mars colony, we ... by Reason * Plus 3 more... Related Stories YouTube does not polarize, yet further results in this direction * Diogo Costa on Brazil * That was then, this is now — the culture that is Swiss edition
- Lucidity. 2. The culture that is Washington, D.C.: Little League cheating allegations. 3. Human Challenge Trial for malaria? 4. Against automaticity? 5. Dan Klein on Big Brother and the digital dollar (WSJ). 6. Howard S. Becker, RIP (NYT). 7. C.R. Rao, RIP at age 103.
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Comments #4. Human Challenge Trial for malaria? That's bold. $5400, ... by MikeP * #1. I have only managed to successfully lucid dream a few times ... by Vulcidian * 3.) One of the fastest growing cities is New Melle, MO in St. ... by Testos Tyrone * 1. The writer demonstrates his lucidity by knowing what kind of ... by DS * #4 (Malaria trial) $5,410 for a ~50/50 shot at getting ... by Phil S.*
CWT producer Jeff Holmes is the moderator, the panel of guests is Tyler, Alex, Vitalik Buterin, and Ben Casnocha — self-recommending! Here is the audio, video, and transcript. Topics include: …the golden age of blogging in the mid-2000s, the decline of independent blogs and the rise of social media, why Tyler usually has a post […]
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Comments In reply to EdR. I thought so too but its software now seems ... by Ricardo * In reply to Thelonious_Nick.. “… Beatles … heard of ... by EdR * In reply to Thelonious_Nick. I have always thought Equestrian ... by EdR * In reply to Crusader. Now THAT is funny! by EdR * In reply to For me, MR is most interesting. Sounds like an ... by DS* * Plus 10 more...
Who would have guessed that after twenty years Tyler and I would still be writing Marginal Revolution! Thanks especially to Tyler, we have had multiple new posts every single day for twenty years! Incredible. We had some idea when starting Marginal Revolution that it would provide the foundation for our eventual textbook, Modern Principles of […]
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Comments What are your thoughts on advertisement? It's interesting that ... by Marcos * Congratulations and a sincere THANK YOU to both of you. I've ... by Milton * Congrats on 20 years. Quite an accomplishment. Hope many more ... by tedm Related Stories Listen to Lech * Return to the Econ * Don’t Doubt: Saint Thomas in India
Despite its only middling at best reviews, I found this one of the most original and intriguing movies of the year. The formula “African-American family movie plus Only Fans for space aliens” isn’t exactly exhausted, or for that matter even plausible as the basis for anything. Yet the whole production comes off surprisingly well once […]
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Related Stories* What should I ask Brian Koppelman?
Before Milton Friedman, a significant percentage of top macroeconomists in the United States were convinced the money supply does not matter very much. Friedman, working with David Meiselman and Anna Schwartz, produced a lot of good evidence that the money supply matters a great deal. Many people were convinced, even if they did not become […]
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Comments In reply to Naveen K. Urban disfunction as a matter of both ... by Engineer * The illusion that AI will have a big impact on the economy. by xiugad * In reply to Rahul. I think the problem is the people change. ... by n * In reply to Perhaps, but…. And private enterprise getting ... by Khalillicles * Remember in the late 2000s, when pretending to be a Keynesian- ... by Bill Kilgore * Plus 10 more... Related Stories Return to the Econ * The Jones Act Enforcer * Which countries are the losers in the new mercantilism?
One of my core views is that the most successful performers in most (not all) areas are extremely smart and talented. So if you are one of the (let’s say) top fifty global performers in an area, you are likely to be one sharp cookie, even if the form of your intelligence is quite different […]
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Comments Real estate. Not even close. by Mike * In reply to Jonathan S. Not sure why I am getting the ... by Jonathan S * In reply to Test. Nope! This is a super contest-able claim. ... by Tim Ricchuiti * Blog commenters. by FC * Baseball players. I don't have a strongly-held theory on why, ... by Alex * Plus 10 more... Related Stories YouTube does not polarize, yet further results in this direction * Return to the Econ * Listen to Lech
- Has the Queen song “Fat Bottomed Girls” been cancelled? 2. Common sense on vaccines. 3. By one measure, the countries with the most rapid diffusion of AI skills are (in order) Singapore, Finland, Ireland, India, and Canada. 4. The free merch tax system that is Japan. 5. Interview with James D. Gwartney. 6. More […]
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Comments In reply to Justin Chang. “”The Great Barrington ... by steve * In reply to Lord Action. Tipper Gore wasn't a “woke” ... by Hazel Meade * In reply to Naveen K. Fair question. He said this about that ... by Justin Chang * In reply to rayward. As a DeSantis supporter I hope all his ... by TMC * 3. People putting AI skills on their hopefully not padded up) ... by Anonymous* * Plus 10 more...
We find that while the algorithm pulls users away from political extremes, this pull is asymmetric, with users being pulled away from Far Right content stronger than from Far Left. Furthermore, we show that the recommendations made by the algorithm skew left even when the user does not have a watch history. That is […]
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Comments | We find that while the algorithm pulls users away from ... by is this really that surprising? * | the user does not have a watch history. watch history isn't ... by these researchers assume Google isn't profiling you other ways * Obligatory reminder that “no-algorithm” is an algorithm. by I am not a computer science major but * In reply to Mike in Va. I got Youtube Premium about 6 months ... by steve * yo are all straussians now the austin police chief just ... by Robert L Peter's phD * Plus 10 more... Related Stories Emergent Ventures winners, 28th cohort * What makes for a good Royal Navy senior officer? * Return to the Econ
I’ve thought about this some, but honestly some of the subsidies are so mind bogglingly large that I find myself constantly going back to read the rules to make sure I’m not getting it wrong. So I think the first thing is that the law is not fiscally sustainable because the subsidies are large and […]
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Comments In reply to Rahul. Yes. It is really that fast. Demand has ... by Alex VB * In reply to sxb. This is the mother of all boondoggles…the ... by surfie * In reply to EdR. There’s no shortage of wild fires and ... by Chuck Kotlarz * The main goal of the IRA is to reward donors. Another goal is ... by EdR * In reply to Rahul. It seems exaggerated. you can probably ... by sxb * Plus 2 more... Related Stories What have I been thinking about lately? * Which countries are the losers in the new mercantilism? * Emergent Ventures winners, 28th cohort
- What happens to your returns? (New Yorker) 2. “The hobby of “collecting” had the highest average IQ.” 3. Is there a new accent developing in Antarctica? 4. How one man created a multimillion-dollar resale market for Buc-ee’s snacks (Texan throughout). 5. More Heidi Williams (and others) on speeding scientific progress, and the co-authored (various luminaries) […]
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Comments #5. More Heidi Williams (and others) on speeding scientific ... by MikeP * #3 No. But if a team of scientists travels to Antarctica to ... by dan1111 * “Collecting” means buying rare and expensive stuff as a ... by Michael Abrahams * #4: 4. How one man created a multimillion-dollar resale market ... by myst_05 * #2 This should surprise absolutely no one. Also, IQ is kind b.s. by SusMongus*
The Offshore Marine Service Association has a ship, the Jones Act Enforcer, whose only job is to spy on and harass European vessels that are installing wind farms off the coast of New England. BostonGlobe: To get Vineyard Wind done, developers are turning to vehicles such as the Sea Installer, which arrived in Salem in […]
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Comments In reply to dan1111. WA replaced the old Hwy 99 viaduct with ... by blue jay * The stupidity, it burns. But Biden supports the Jones Act. ... by So Much For Subtlety * In reply to blue jay. I'm sure that building a seafloor ... by dan1111 * In reply to Hadur. “Stupid all-encroaching government” is ... by dan1111 * In reply to Slocum. 1) WA should just build a seafloor tunnel ... by blue jay * Plus 10 more... Related Stories Return to the Econ * Which countries are the losers in the new mercantilism? * Listen to Lech
Joshua Gans revisits life among the econ, 50 years after the classic investigation by Axel Leijonhufvud. In Leijonhufvud’s time, economics was dominated by two super-castes which worshipped different totems. Today, however, the super-castes are hardly to be seen and the old totems have been replaced by a singular new totem: The technology powering the Econ […]
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Comments I’ve reread that essay numerous times over the years ... by Evan Osborne Related Stories Listen to Lech * The Jones Act Enforcer * Which countries are the losers in the new mercantilism?
Casual restaurant chains, like Olive Garden and Applebee’s, have the largest positive impact on cross-class encounters through both scale and their diversity of visitors. Dollar stores and local pharmacies like CVS deepen isolation. Among publicly-funded spaces, libraries and parks are more redistributive than museums and historical sites. And, despite prominent restrictions on chain stores in […]
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Related Stories* What makes for a good Royal Navy senior officer?
- The Gender Death Gap
- The Impact of Vaccines and Behavior on U.S. Cumulative Deaths from COVID-19
Robin Hanson asked me this question at lunch last week, and due to the general raucousness of the occasion I didn’t get a chance to answer. So here is my list of recent questions: 1. How much did the British colonial welfare state for Ceylon in the 1930s help that country and its later social […]
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Comments Music delivery and distribution mechanisms have changed so many ... by A * In reply to Shell. Newsflash, there are no “normies” (say ... by Trump 2024 * Music delivery and distribution mechanisms have changed so many ... by D * In reply to Colin Marshall. You seriously think Cowen has ... by Todd K * In reply to Rahul. Would that be the case with Saudi Arabia ... by D * Plus 10 more... Related Stories Which countries are the losers in the new mercantilism? * Emergent Ventures winners, 28th cohort * Diogo Costa on Brazil
- Lev Aronian has good taste in movies. 2. On Solenoid, Cărtărescu, and Bucharest. 3. Alcohol is bad for you. 4. China fertility fact of the day. 5. 4.5 hour Jolly Swagman conversation with Stephen Wolfram. 6. Daniel Cohen has passed away (in French).
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New tax credits for manufacturing batteries, solar-power equipment and other green technology are drawing a flood of capital to the U.S. The European Union is trying to respond with its own green-energy support package. Japan has announced plans for $150 billion of borrowing to finance a wave of investment in green technology. All of them are working to become less dependent […]
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Comments In reply to Dismalist. There is “no free trade” between ... by John From London * In reply to Popularity vs Content – it's sophomore year all ... by OldCurmudgeon * In reply to Gman. “Who are the losers?” The tax payers ... by EdR * In reply to xiugad. Why would anyone want depressed, ... by rsm * In reply to Gman. >I thought this was an economics blog? ... by EdR * Plus 10 more... Related Stories Listen to Lech * Bob Ekelund has passed away * Sebastian Bensusan on Argentina dollarization
WashPost: Of the giants who brought down the Iron Curtain — among them Ronald Reagan, Margaret Thatcher, John Paul II, Vaclav Havel — only Walesa is still with us. At 79, he still looks as vigorous as the young electrician who led a workers’ uprising against the “dictatorship of the proletariat”; forced Poland’s Marxist regime […]
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Comments Are there problems with the implementation of capitalism too ... by rsm * Ask him about Nordic Social Democracy and PiS economic populism ... by M Related Stories Bob Ekelund has passed away * Sebastian Bensusan on Argentina dollarization * Emergent Ventures winners, 28th cohort
Again, that is the new book by Jeremy Jennings, here is another excerpt: These grave misgivings [about travel] have persisted. “I have been reading books of travels all my life,” Jean-Jacques Rousseau wrote, “but I have never found two that gave me the same idea of the same nation.” Those who “travel best,” he added, […]
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Comments In reply to Reason. The ones in my experience think a week ... by Don't know too many European upper middle class people, do you? * In reply to Scott Mauldin. I heard that song/quote from the ... by Scott Mauldin * I remember taking a course with Jennings freshman year of ... by Breeq * “Live in a foreign country for a month, and you'll write a ... by Scott Mauldin * In reply to Time to consult ChatGPT. “ how Americans ... by Reason * Not that I have any interest, but asking an Ai what Tocqueville ... by Time to consult ChatGPT Related Stories Don’t Doubt: Saint Thomas in India * That was then, this is now — the culture that is Swiss edition * Albania (Italy) fact of the day
A very smart guy, here is a tribute from Don Boudreaux. He was widely published in many areas, including history of economic thought, most of all I liked his work in the economics of religion.
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Comments His History of Econ thought book is extremely well written. by nf * In reply to rsm. When we think of sisyphus, carrying a bolder ... by Equestrian * Did he ever do Jainism, which has successful merchants who ... by rsm * In reply to rayward. Why did Jesus throw the money-changers ... by rsm * In reply to vmsmith. Translation: “ThE eNgLiSh LaNgUaGe iZ ... by noman * Plus 4 more... Related Stories Sebastian Bensusan on Argentina dollarization * Argentina should dollarize * Speeding up Science
- “The US suburban vacation – one of my favorite things about this business.” 2. Mark Skousen on gross output measures. And founding engineer for building an LLM-augmented digital reader (job ad). 3. Identified flying objects, not flying. 4. Air Genius Gary Leff blogs Beenie Man. 5. A closer look at political bias in ChatGPT. 6. […]
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Comments In reply to Justin Chang. Justin, agree, much to learn from ... by "life in general" * When political bias in AI becomes more politically salient, ... by Naveen K * In reply to Justin Chang. My younger self was born as a ... by The king of texas * In reply to Justin Chang. Especially the SHOCKING truth that ... by I love the Daily Mail * 1. First of all, I love StripMallGuy (@realEstateTrent). He ... by Justin Chang* * Plus 2 more...
LA Times: Never in the field of public legislation has so much been lost by so many to one law, as Churchill might’ve put it. The National Organ Transplant Act of 1984 created the framework for the organ transplant system in the United States, and nearly 40 years later, the law is responsible for millions […]
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Comments any bayesian bodies/organ donors wanna bet the proposition ... by Robert L Peters phD * In reply to John J. It’s a refundable tax credit so the ... by Joey * At least he is no longer pushing mandatory organ donation. Or ... by Pedro * I dont like the tax credit compensation option. It tells poor ... by John J Related Stories Market depletion and the income of doctors * Diego on gas station drugs * The Root of the Problem
Great to see an article on dollarization! Two things that were not mentioned” Argentina is already substantially dollarized. Absolutely nobody saves in pesos, so the amount of USD needed to “dollarize” the economy is much smaller than you’d think. The difference between convertibilidad (90s) and dollarization is less stark than what you’d expect. If it happens: 1. Peronists will win […]
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Comments In reply to Antony T. That's not exactly a hot take anymore. ... by LivelyClock * “Allow Argentinians to own and transact locally using ... by Ricardo * In reply to Antony T. Because it isn’t. Bitcoin is no more ... by Yago * In reply to Engineer. … Yup, the main lesson here for us is ... by Diego * Capital flight has been a problem in Argentina, much of it ... by rayward * Plus 7 more... Related Stories Argentina should dollarize * Speeding up Science * The economic impact of AI
Anup Malani and Michael Sonnenschein, Chicago and Los Angeles respectively, repeat winners, now collaborating on a new project of interest. Jesse Lee, Calgary, to lower the costs on developing safe and effective sugar substitutes. Russel Ismael, Montreal, just finished as an undergraduate, to develop a new mucoadhesive to improve drug delivery outcomes. Calix Huang, USC, […]
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Comments Michael Sonnenschein: Which one? X (Twitter) is closed to me. ... by rayward * In reply to rayward. “Organizing collaborative ... by mkt42 * Nasiyah Isra-Ul: “The modern homeschool movement began in the ... by rayward * In reply to OutHere. So you are an old fellow and this is ... by John Mansfield * In reply to John Mansfield. You should propose getting ... by OutHere * Plus 2 more... Related Stories The WV Canary in the Coal Mine * The talks from the Civic Future conference on the Great Stagnation * My very excellent Conversation with Paul Graham
Artificial intelligence (AI), once merely the draw and drama of science fiction, is now a feature of everyday life. AI is commonly used to generate recommendations, from the movies we watch to the medical procedures we endure. As AI recommendations become increasingly prevalent and the world grapples with its benefits and costs, it is important […]
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Comments “AI technologies…inherently raise questions on the role and ... by BC * “Thinking about God increases acceptance of artificial ... by JFA * If true , this would be because AI seems omniscient and its ... by sxb * In Pi, the narrator searches for the 216 number. The narrator ... by The king of texas*
Here is my Bloomberg column on that topic, here is the trickiest point: Another concern, more significant, is that dollarization would be a huge upfront cost to the government of Argentina: Someone would have to actually come up with all the dollars to serve as currency. Keep in mind, however, that the economy of Argentina […]
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Comments In reply to Bob. The bigger problem in Argentina is going to ... by Dustin * I agree with Tyler on this one. Dollarization isn't the only ... by Andrew * Monroe Doctrine, British Imperialism, etc. by Do a Malvinas for $US swap * In reply to Phil S.. The haircut already happened in ... by Bob * Assuming they announce dollarization, who would then hold pesos ... by M * Plus 10 more... Related Stories Speeding up Science * The economic impact of AI * Market depletion and the income of doctors
- Dr. Doolittle made real? 2. Sweden is near the top for wealth inequality (ho hum). 3. School vouchers in Arizona and elsewhere (NYT). 4. State opens commercial fishing on the Kuskokwim River to one person. 5. Prenda and the evolution of home schooling. 6. What do the vexillologists have to say? (NYT) Most of all, […]
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Comments In reply to superdestroyer. I didn't say that Sweden had the ... by MikeP * In reply to Phil S.. What businesses charge at non-profit ... by M * 7. The subtitles don't do justice to how unhinged Milei sounds ... by Bob * In reply to myst_05. Mass comparison of student quality ... by M * In reply to Phil S.. Parochial K-8 schools in the Washington ... by (Not That) Bill O'Reilly* * Plus 10 more...
Writing in the Washington Post, Heidi Williams has good suggestions for making the NIH and NSF move faster. Namely: Give the NIH the option to bypass peer review, as can the NSF. Give the NSF the option to “desk-reject”, as can the NIH. Give the NIH and the NSF more authority to fund scientists and […]
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Comments Why is it so often this blog suggests big government solutions ... by hendricks * I am in a band. It is call Skitz. Alex raps and I play acoustic ... by Equestrian * While these three proposals have merit, the problem for the ... by rayward Related Stories Diogo Costa on Brazil * That was then, this is now — the culture that is Swiss edition * The economic impact of AI
I have been pondering the world of classical music once again, mostly because of two new releases. One is the late Beethoven string quartets by the Calidore Quartet, and the author is a six-CD Chopin box by Jean-Marc Luisada. The most striking feature of these recordings is that they are as good as any in […]
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Comments Calling Robert Pirsig! Calling Robert Pirsig! by vmsmith Related Stories The Jennifer Burns Milton Friedman biography, and what should I ask her? * Don’t Doubt: Saint Thomas in India * That was then, this is now — the culture that is Swiss edition
From my email, via Gonzalo Schwartz: The country ranks third globally in consuming information via digital platforms, a landscape that cultivates distrust in public institutions and ignites social unrest. This has fostered a rise in right-wing populism, including the election of former president Jair Bolsonaro, intensifying what Martin Gurri describes as a ‘crisis of authority.’ Efforts […]
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Comments Moro is less an anticorruption figure and more someone who used ... by Jay * Ok Tiago, over to you. by God of Thunder * “The country ranks third globally in consuming information ... by Dismalist * The use of the word “disinformation” is Orwellian. Removing ... by EdR Related Stories That was then, this is now — the culture that is Swiss edition * War and Punishment * What makes for a good Royal Navy senior officer?
- McCartney and Starr will re-record “Let It Be,” along with Peter Frampton, Mick Fleetwood, and Dolly Parton. Can we have Carnival of Light now, please? 2. Ecuador is deteriorating (NYT). 3. Claims about water delays. 4. Massive influx of Chinese into ride-hailing jobs. 5. The story of Ozempic (NYT). 6. A directory of Date […]
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Comments In reply to Gridlock. You’re correct. Good point. I ... by Naveen K * In reply to sxb. Without the drug demand , gangs would still ... by (Not That) Bill O'Reilly * In reply to Stephane Foolias. Fucked by Taiwanese already! by And the HARD-on * In reply to Hadur. Will never understand people's visceral ... by James * In reply to M. Oh, how I long for my Lianyungang wife! by Stephane Foolias* * Plus 10 more...
Christianity in India has roots at least as old as in Italy. Millions of Christians in Kerala today believe that their tradition traces back directly to Thomas, one of the 12 apostles of Jesus, who traveled to India in the first century AD. According to the Acts of Thomas, the apostles divided the world and […]
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Comments Stunning. This reminds me of claims (especially the ... by Naveen K * In reply to Mark. No she doesn't. She has, they claim, a tiny ... by So Much For Subtlety * In reply to So Much For Subtlety. This is a little like the ... by M * In reply to Naveen K. Warren's claim seems a bad example ... by M * In reply to Naveen K. Elizabeth Warren really does have ... by Mark * Plus 10 more... Related Stories That was then, this is now * That was then, this is now — the culture that is Swiss edition * War and Punishment
Tocqueville’s notes on the Swiss constitution confirm the poor impression he had quickly formed. There were cantons, he remarked, but no Switzerland. In most of these, he continued, the majority of people lacked any sense of “self-government”; the Swiss habitually abused freedom of the press; they saw associations much as the French did, as a […]
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Comments In reply to Poor Tocqueville. I would be a bit shocked if he ... by Bill Allen * So is Tocqueville saying that they are sort of…”neutral”? by Johnny * The Swiss, like everyone, could do better but still; if the ... by dbp * We are supposed to think there was something wrong with the ... by So Much For Subtlety * Wonder what Tocqueville or Burke or Hayek or Emerson or Russell ... by Antony T. * Plus 10 more... Related Stories Don’t Doubt: Saint Thomas in India * War and Punishment * The Jennifer Burns Milton Friedman biography, and what should I ask her?
That is the topic of my latest Bloomberg column, here is part of my argument: I am a believer in the power of current AI trends. But a look at the way economies work argues for more moderate (but still substantial) estimates of AI’s impact. The most likely scenario is that economic growth will rise by […]
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Related Stories* The talks from the Civic Future conference on the Great Stagnation
- Market depletion and the income of doctors
- The economics of the UPS delivery deal
Attracted by its Mediterranean beaches at competitive prices, airline passengers to Albania more than doubled in June compared with the same period a year earlier, according to ACI Europe, an association of airport operators. The opening of low-cost routes to Albanian airports contributed to that jump, ACI said. Overnight stays also increased, with Eurostat’s latest […]
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Related Stories* Doha travel notes
- Doha bleg
- My views on the UFO hearings
- How AI thinks people in the fifty different states look. 2. How the new NBA CBA changes incentives at the margin. 3. “Asian glow” beware. 4. Vitalik on Community Notes. 5. WHO is a fraud? 6. Pareto on politics. 7. AI assistance in legal analysis: some new results. 8. What the heck happened in […]
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Comments 8. 2012 was the end of the libertine phase of the ongoing ... by Brian Donohue * In reply to rsm. This quote perfectly explains the Bush ... by Cancelled for wongthink * In reply to James. That was my read also. They aren't saying ... by Hazel Meade * In reply to MikeP. You are by Who is a fraud? * In reply to MrPeaches. Spotted the Floridian by Charlie* * Plus 10 more...
The author is Mikhail Zygar, and the subtitle is Putin, Zelensky, and the Path to Russia’s Invasion of Ukraine. I have to tell you the subtitle put me off and I nearly didn’t buy this one, as too many books in this area repeat the same (by now) old material. But after some extensive scrutiny […]
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Related Stories* The Jennifer Burns Milton Friedman biography, and what should I ask her?
- That was then, this is now
- Happy Birthday Singapore!
Maria Blanco and Alberto Mingardi have produced a very useful volume, Show and Biz: The Market Economy in TV Series and Popular Culture (2000-2020), providing an updated look at the (somewhat) rising popularity of business and capitalism in U.S. popular culture. David O’Brien, Exiled in Modernity: Delacroix, Civilization, and Barbarism. A very good book planting […]
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Comments Andres Dworkin, Right Wing Women is going for $1250 in ... by Dismalist Related Stories The Jennifer Burns Milton Friedman biography, and what should I ask her? * That was then, this is now * Happy Birthday Singapore!
Rural regions rule the doctor rankings: Alaska, Wyoming and Nebraska join the Dakotas in the top five states for physician pay, confounding the intuition hammered into our souls by more than a decade of covering economics. None of those are high-earning states overall, with the evergreen exception of Alaska. They’re also not high-cost: North and […]
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Related Stories* The economics of the UPS delivery deal
- Argentina update, canine Mastiff edition
- The WV Canary in the Coal Mine
- Stuart Buck offers a partial history of meta-science. 2. Heidi Williams in WaPo on speeding up science funding. 3. Two economists from Argentina discuss the electoral results (in Spanish). 4. “Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software, joining a […]
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Comments In reply to Moral Panic. Right, I recall the initial purchase ... by mkt42 * In reply to M. The demos look amazing. However, my guess is ... by Reason * In reply to mkt42. Young founders may have been the last ... by jmkd * In reply to Bob. Yup, I was puzzled all along over the hype ... by Skeptical Observer * In reply to Michael Thomas. You aren't missing much. They've ... by Ray Vine* * Plus 10 more...
In most studies of talent, it is very difficult to get the top performers to respond or offer data. This paper is a major exception to that general limitation: This paper assesses the impact of general intelligence, as well as specific personality traits, and aspects of motivation, on performance, potential, and advancement of senior leaders. […]
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Comments As a stupid 19-year-old who failed out of college in 1969, I ... by PopsHobby * Sounds like the story of my life: I was effortlessly a ... by Log On Today * Note, these have all been peacetime officers. by BenK * In reply to David. To be clear, asking if people who are ... by David * In reply to Chimela Caesar. What exactly is an “honesty ... by steve * Plus 10 more... Related Stories The WV Canary in the Coal Mine * Public school choice programs in Los Angeles * The Root of the Problem
That is the topic of my latest Bloomberg column, here is the lead fact: By the end of the five-year deal that the United Parcel Service and its drivers just agreed to, full-time drivers will make about $170,000 a year, counting health-care coverage and other benefits. Sam Bowman, telephone! And some further analysis: It is all too common […]
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Comments “The deal increases full-time workers' compensation to ... by Reason * What if ppl 3D printed their own plastic crap from China? by rsm Related Stories Argentina update, canine Mastiff edition * The WV Canary in the Coal Mine * The Jennifer Burns Milton Friedman biography, and what should I ask her?
- “Altogether, my analysis shows that political affiliation can help to predict outcomes in over 90% of circuit court cases.” 2. Who benefits from Ex-Im Bank aid? 3. David Brooks on why Americans have become so mean (Atlantic). 4. Martin Walser, RIP. 5. Vitalik Buterin on the Seen and Unseen podcast, run Amit Varma and […]
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A far-right libertarian candidate won Argentina’s open presidential primary election on Sunday, a surprising showing for a politician who wants to adopt the U.S. dollar as Argentina’s official currency and embraces comparisons to Donald Trump. Javier Milei, 52, a congressman, economist and former television pundit, secured 30 percent of the vote with 96 percent of […]
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Comments braless mondays wap in washington debunking objectivity award ... by cornpopsrustyrazor * In reply to He's a conspiracy theorist as well. The source ... by BC * In reply to TomWinTejas. 😂 This post is underrated! And ... by EdR * In reply to JWatts. Yeah, it means a roaring economy and ... by EdR * In reply to M. I guess it depends on how you define “love ... by RAD * Plus 10 more... Related Stories The WV Canary in the Coal Mine * The talks from the Civic Future conference on the Great Stagnation * The Jennifer Burns Milton Friedman biography, and what should I ask her?
West Virginia University has announced a preliminary plan to cut 7% of its faculty and 9% of its majors: Among the programs recommended for discontinuance, World Languages including all 32 faculty positions. WVU is also recommending the elimination of several programs in the College of Creative Arts, graduate programs in higher education administration and special […]
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Comments I had a job in the great north woods, working as a cook for a ... by Lumberjack Related Stories The talks from the Civic Future conference on the Great Stagnation * Video quiz on the supply curve * Should we now expect a recession?
Does a school district that expands school choice provide better outcomes for students than a neighborhood-based assignment system? This paper studies the Zones of Choice (ZOC) program, a school choice initiative of the Los Angeles Unified School District (LAUSD) that created small high school markets in some neighborhoods but left attendance-zone boundaries in place throughout […]
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Comments “Demand estimates suggest families place substantial weight ... by rayward * I am eating Dar. I said them all, it's me. I feed you, then you ... by Equestrian * “In “The Role of Government in Education,” Friedman ... by speaking of Milton Friedman Related Stories The WV Canary in the Coal Mine * My very excellent Conversation with Paul Graham * Video quiz on the supply curve
To characterize the impact of major research awards on recipients’ subsequent work, we studied Nobel Prize winners in Chemistry, Physiology or Medicine, and Physics and MacArthur Fellows working in scientific fields. Using a case-crossover design, we compared scientists’ citations, publications and citations-per-publication from work published in a 3-year pre-award period to their work published in […]
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Comments I had dinner with Physics Laureate Robert Wilson, who had with ... by Steve Sailer * “If major research awards indeed fail to increase (and even ... by Dismalist * Who ever said that major awards are supposed to increase the ... by Crusader Related Stories The Root of the Problem * Unintended Geoengineering * The power of the agenda setter
It is a wonderful book which I felt compelled to read in a single sitting on a long plane ride. Full of surprises and revelations, and fascinating in its portrait of a rather catty and spiteful economics profession in earlier days. And who knew that Aaron Director and Mark Rothko were good childhood friends? Definitely […]
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Comments In reply to Naveen K. Thanks. by Steve Sailer * In reply to Naveen K. You describe Jennifer Burns as a ... by Jonathan W. Siegel * In reply to Reason. The American Right today displays what ... by JMK * Why does the title of her book imply that Friedman was a ... by JMK * In reply to Objectively speaking. The answer to the second is ... by Milltown * Plus 10 more... Related Stories That was then, this is now * Happy Birthday Singapore! * Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante
- Appropriating the sari? 2. Brad Setser on the Chinese economy. 3. The India revolution in chess. And Bhagavad Gita chatbot. 4. How Karachi has been changing for women. 5. The American future is a mix of steady-state Woke and also this. 6. Henry Oliver on late bloomers.
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Comments 5 this week in postmodern gender theory history cbs meme ... by cornpopsrustyrazor*
From my email: The average gas station is now packed to the brim with drugs. This place had a Whip-it stand near the checkout, that I imagine is for recreational nitrous oxide users rather than whipped cream enjoyers, as well as a massive selection of kratom. ‘Whippets’ can cause irreversible brain damage and kratom has opiate-like […]
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Comments Back in my day jazz and liquor was how the Devil got ya. by JMCSF Related Stories The Impact of Vaccines and Behavior on U.S. Cumulative Deaths from COVID-19 * Health Alert: Your Survival Odds May Increase When Surgeons Take a Break! * Left Digit Bias in Medicine
Qatar is a greatly underrated tourist destination. The Museum of Islamic Art is one of the finest museums in the world, with a collection of unsurpassable quality, drawing on Islamic creations from as far away as Sumatra and the Philippines, as well as the more familiar Persian, Indian, Turkish, and Central Asian items. The I.M. […]
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Related Stories* How to eat well in Sri Lanka
- Sri Lanka travel notes
- My very excellent Conversation with Paul Graham
And Russia has finally lost control of their currency. The Russian Ruble has officially hit triple digits vs the US Dollar. It is only going to get worse for Russia going forward. pic.twitter.com/Z8Q8libsMV — Jake Broe (@RealJakeBroe) August 11, 2023
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Comments In reply to Bubba HoTep. Oil prices are set in dollars, ... by seegs * In reply to OutHere. Brilliant! The Idiot's evaluation of the ... by Hemant Kumar * So, the sanctions are finally going to work this time? by Pope Anus * Because anyone who can will move rubles out of the country and ... by Evanston BT * In reply to Bubba HoTep. Putting everything on black huh? ... by M * Plus 10 more... Related Stories The talks from the Civic Future conference on the Great Stagnation * Japan estimate of the day * Fairfax County facts of the day
From my email, from Civic Future: We held our inaugural annual conference The Great Stagnation Summit 2023 last month at the University of Cambridge. Well, you can now watch and listen to videos of the panel discussions on our YouTube channel. We have also made the discussion transcripts available, which you can read using the links below or on the summit page. Progress: […]
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Comments In reply to Zach. I mean you could just look at the data. All ... by Eh * In reply to Bill. Also, massive government investment in ... by The Original D * In reply to Zach. I have no idea what makes you think most ... by Eh * In reply to The King of Texas. I hate you by Anonymous * But we've had lots of innovation in tech, which has produced ... by rayward * Plus 10 more... Related Stories Ken Rogoff on chess and AI * Should we now expect a recession? * Why is the Russian ruble now doing so poorly?
- How the theater needs to be reformed. 2. Revolutionary contagion. 3. Tim Harford on the successes of Freiburg (FT). 4. Dwarkesh Patel interviews Dario Amodei of Anthropic. Video and transcript, Amodie is good at thinking like an economist. 5. Odd Lots interviews Paul Krugman, including on aliens, science fiction, and AI (Bloomberg). 6. Economic […]
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Comments In reply to yo are all straussians now. this week in ... by cornpopsrustyrazor * 1 solve for the equilibrium -a couple weeks after rich men ... by yo are all straussians now * In reply to JMK. I’ve been directing music and playing in ... by Hopaulius * In reply to ee. 1. LOL you're seeing them because they are ... by Cytotoxic * 7) Not sure about the heresy/blasphemy angle of “texting ... by Guy Robert* * Plus 10 more...
It’s almost like the government’s imposing its will on its residents,” Trayon White, the D.C. council member for Ward 8, said at the council’s June 6 legislative meeting. He wasn’t talking about a proposed highway, a subway station, a power plant, or—perish the thought—an apartment building…White said he was concerned about the potential risk to […]
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Related Stories* Deregulating Oregon (from my email)
- Fairfax County facts of the day
- The power of the agenda setter
That is the topic of my latest Bloomberg column, and I mean this above and beyond whichever countries make and sell AI services. Here is one bit: Broadly speaking, most economic endeavors fall into one of two categories: those with known routines, and new projects. AI will favor nations that excel at the latter and […]
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Related Stories* Ken Rogoff on chess and AI
- That was then, this is now
- My very excellent Conversation with Paul Graham
At least when it comes to suncreen. As long-time readers will know, I have been complaining about FDA over-regulation of sunscreen for a decade! Maybe now that AOC is on the case things will change. AOC’s sunscreen video is pretty good. One point she doesn’t stress is that requiring Americans to use more oily, less […]
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Comments In reply to Zach. But never asks, “How are we different ... by seegs * In reply to AlexD. I filled my suitcase with my favorite for ... by Patrick * In reply to Cancelled for wongthink. And that's a totally ... by Zach * In reply to Bob. Keep your femmy wittu fingers off my truck ... by Big Bob * In reply to MikeP. I would be happy to submit our pandemic ... by Zach * Plus 10 more... Related Stories The Impact of Vaccines and Behavior on U.S. Cumulative Deaths from COVID-19 * Health Alert: Your Survival Odds May Increase When Surgeons Take a Break! * Left Digit Bias in Medicine
From an interview: Rogoff, who is also the Maurits C. Boas Chair of International Economics at Harvard University, doesn’t see artificial intelligence as bad for chess. “It’s actually made it more interesting so far,” he says. Having seen how fast AI evolved within the game, Rogoff predicts applications like ChatGPT will be unrecognizable in five […]
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Comments AI chess – more cerebral than Battlebots by The marketing copy writes itself Related Stories On the negative correlation between price and restaurant quality * That was then, this is now * My very excellent Conversation with Paul Graham
- “With a database of 33 929 individual observations, the findings show that Spaniards who left the country to settle in the Spanish territories were positively self-selected. Additionally, differences are observed in the human capital of those who chose to settle in Mexico, who had a higher level of numeracy, than those who chose Peru.” […]
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Comments In reply to TMC. Hitler has been quoted far too often talking ... by The marketing copy writes itself * 5 if your parents/domestic terrorists are having trouble ... by community notes * #5, the non Brazil one. There's no Coasean-ly acceptable ... by Zod * In reply to James. Don’t even get me started on Fiorello ... by Cancelled for wongthink * I'd be curious on analysis of differentials in British ... by Phil S.* * Plus 10 more...
It is now legal to pump one’s own gas at gas stations in Oregon, making New Jersey the only US state where it’s not. (Article link.) The surprising part of the new Oregon law: The price must be identical for self-serve and attendant-pumped gas. Also, at least half the pumps must have an attendant. I’m no economist, […]
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Comments In reply to Bob Knaus. Quicker will be the key. Stations will ... by Slocum * In reply to Gary Leff. Yes, cash transactions have unique ... by Jake W. * In reply to Just wait. Here in PA, many stations charge a ... by Rich Berger * In reply to Gary Leff. Which is rampant at gas stations, with ... by Ted Craig * Regardless of cost/benefit to the station, self serve is more ... by Scott Patton * Plus 7 more... Related Stories Fairfax County facts of the day * More on the Merger Guidelines * Scrap AMC/KYC Laws
From my email, from an anonymous reader: On your question of whether there’s a model for the apparent negative correlation between food quality and price: It is often observed that food quality and the “atmosphere” of a restaurant appear to be negatively correlated. (As I’m sure Taleb points out somewhere, they are not actually negatively correlated, but only appear so […]
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Comments Simpson’s paradox strikes again. by Ivo * Berkson's paradox. by Scott McKuen Related Stories Video quiz on the supply curve * Should we now expect a recession? * The Gender Death Gap
From the Amazon summary of the forthcoming book Miracles and Machines: A Sixteenth-Century Automaton and Its Legend by Elizabeth King and W. David Todd: An abundantly illustrated narrative that draws from the history of art, science, technology, artificial intelligence, psychology, religion, and conservation in telling the extraordinary story of a Renaissance robot that prays. This […]
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Comments Meanwhile, some seventeen-hundred years earlier, near the ... by Edward Burke * In reply to mkt42. So when we talk about art, or ... by Equestrian * Tyler is going to like the Freddy Fazbear movie. by Tom T. * that was then this is now -hip hop edition -the ... by yo are all straussians now * In reply to Rich Berger. Obviously the beginnings of AI! 🙂 by Dismalist * Plus 8 more... Related Stories Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante * Happy Birthday Singapore! * Victory City
- Salim Furth on congestion pricing. 2. How good are LLMs at generating business ideas? 3. Evidence that crypto has right-wing mood affiliation. 4. “The snake wrapped itself around her arm and began striking her face as the bird sunk its talons deep into her flesh.” 5. Brazil’s northern cities are de-urbanizing (FT). 6. Rodriguez, […]
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Comments #1: commenting on the writing of an ... by dearieme * OT: To add to the “Ageing Debate” some study published ... by M * 4 this week in postmodern gender theory history satire/not ... by sisterogersintersectionalneighborhoodfilmreviews * In reply to Yung Wannabe Andrew Garfield. You are forgetting ... by steve * In reply to Bill. real boob/american lawyer @@13:47:47 by maskedswedishcannibals sven/svens* * Plus 10 more...
An estimated 42% of adult Japanese women may end up never having children, the Nikkei newspaper reported, citing a soon-to-be-published estimate by a government research group. In a more optimistic scenario, a quarter of women born in 2005 may end up not having offspring. The midpoint estimate by Japan’s National Institute of Population and Social Security […]
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Comments In reply to dan1111. It's hard to make the case that their ... by M * In reply to Smug Belgian. Overwhelmingly, childlessness is ... by Sure * In reply to James N. Markels. Survey data suggests the ... by Sure * In reply to rayward. “without college degrees and (with) ... by Ben * In reply to M. Japan has run up astronomical debt during ... by dan1111 * Plus 10 more... Related Stories Fairfax County facts of the day * Should we now expect a recession? * Progress in Sri Lanka
Here is the audio and transcript, here is the episode summary: Tyler and Y Combinator co-founder Paul Graham sat down at his home in the English countryside to discuss what areas of talent judgment his wife is better at, whether young founders have gotten rarer, whether he still takes a dim view of solo founders, […]
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Comments This would be a good test for ChatGPT. Does the ChatGPT summary ... by Rahul * It's interesting how often Paul Graham responds that he doesn't ... by Kevin * “Say we wanted to boost ambition by 2X. What’s the actual ... by Anonymous * I agree most modern homes are ugly and homes by Eichler are the ... by EdR * Graham hates commercial culture. And in the 1920s, illustrated ... by Shout it from the lofts * Plus 3 more... Related Stories My excellent Conversation with the excellent Noam Dworman * Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante * Emergent Ventures India, Cohort Five
Northern Virginia might be the safest region in the whole country, based on this Bloomberg analysis of crime and external-cause mortality data. The local commonwealth’s attorney likes to boast that Fairfax is the safest county of its size. Letting more people live there would not change that. Forty percent of Fairfax residents aged five and older speak a […]
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Related Stories* Should we now expect a recession?
- Progress in Sri Lanka
- My views on the UFO hearings
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Comments I like it! by Jesse * The software is in beta, so there will be bugs. If you’d ... by Michael (Retainit) Related Stories Should we now expect a recession? * The Gender Death Gap * The Disparate Impacts of College Admissions Policies on Asian American Applicants
- “…they estimate that there are about 20 times more free-floating worlds in our Milky Way than stars, with Earth-mass planets 180 times more common than rogue Jupiters.” (NYT) 2. One attempt to explain U.S. consumer sentiment. 3. Claims by Mari Andrew, about many things. 4. What does the math say about the plausibility of […]
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Comments In reply to ES. Reminds me a lot of Jordan Peterson's '12 ... by Hazel Meade * In reply to Hadur. > But people are well-understood and if a ... by Etalon d'Silomar * 4. What does the math say about the plausibility of conspiracy ... by RAD * #4 “The results presented here have direct implications for ... by Floccina * “6. Union opposes bringing in Taiwanese workers to U.S. TSMC ... by mkt42* * Plus 10 more...
Singapore is a wonderful instance of the advantage of the unrestricted enterprise of free trade: so late as the year 1822 there was scarcely a native hut, certainly not one European habitation on the island; in eight years it had not only grown into the most important settlement in the whole of the Malay Archipelago, […]
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Related Stories* Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante
- Markets in everything, hockey romance edition
- Health Alert: Your Survival Odds May Increase When Surgeons Take a Break!
That is the topic of my latest Bloomberg column, and here is one excerpt: How worried should we be? There is a common and popular tradition that suggests an economic recovery is a harbinger of bad times. Perhaps a recovery has a kind of expiration date, just like the milk in your refrigerator. After some […]
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Comments Will Chinese deflation be transitory? For better or worse, we ... by But the real question is * My takeaway from this is that macro economics is basically ... by Hi * “Again, the proper conclusion is not that recession is ... by Todd K * In reply to mkt42. I should add that I (and many many others) ... by mkt42 * In reply to sxb. Right, but we're still recovering from a ... by mkt42 * Plus 3 more... Related Stories The Gender Death Gap * Unintended Geoengineering * Growth models and new goods
I will be doing a Conversation with him, here is Wikipedia: Brian William Koppelman (born April 27, 1966) is an American showrunner. Koppelman is the co-writer of Ocean’s Thirteen and Rounders, the producer for films including The Illusionist and The Lucky Ones, the director for films including Solitary Man and the documentary This Is What They Want for ESPN as part of their 30 for 30 series, and the co-creator, […]
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Related Stories* How to assign property rights in actor AI likenesses
- Why aren’t Barbie tickets more expensive?
- On-line, Chinese production of The Three-Body Problem
- Why are Celtic governments more progressive than Celtic voters? 2. Why are so many Tamils so good with numbers? 3. Is it time for a new atomic altruism? 4. “Analysis of 50 major Europe- and North America-based global non-profit organizations…showed that environmental and climate groups were the most likely to include Taiwan as part […]
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Comments In reply to Phil S.. It seems like the best way to reduce ... by Robert Benkeser * In reply to Formerly K. It’s not analysis it’s shooting ... by Billyboy * In reply to Formerly K. >The three-time NBA All-Star is a ... by Bill * In reply to Phil S.. More generally, I wonder if the LACK of ... by Phil S. * In reply to Ira Gilligan. Do you think the humans beings ... by Phil S.* * Plus 10 more...
Hat tip: i/o.
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Comments Having been involved in a few of these investigations I would ... by Sure * Similarly, 93.2% of prisoners are men. And 41% of ... by Crusader * Those 4761 were risk takers, and the 386, they suffered, oh, ... by Torn * You can equalise the scores by killing some women. That's what ... by dearieme Related Stories The Impact of Vaccines and Behavior on U.S. Cumulative Deaths from COVID-19 * Unintended Geoengineering * Growth models and new goods
It is hard to think of a topic area where the Republican Party, the right-wing, and (many by no means all) MR commentators are so far off base. Here are some new results from Andrew Atkeson: …I find that vaccines saved 748,600 lives through June 2023. That is, without vaccines, cumulative mortality from COVID-19 would […]
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Comments “I use a model of the impact over the past three years of ... by EdR Related Stories Dominican Republic fact of the day * Health Alert: Your Survival Odds May Increase When Surgeons Take a Break! * Left Digit Bias in Medicine
Dept. of Yikes, but at this point who is surprised?: …we estimate the odds that Asian American applicants were admitted to at least one of the schools we consider were 28% lower than the odds for white students with similar test scores, grade-point averages, and extracurricular activities. The gap was particularly pronounced for students of […]
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Comments In reply to bazza. Actually, I didn't even read the indent. ... by bazza * I remain ignorant due to not venturing to the link. Is the ... by bazza * What colleges are included in the study? I couldn't find ... by Matt * In reply to Raghu Parthasarathy. The process is “holistic ... by gjk * In reply to Mike. Stereotypes are true. Asians are very ... by Asdf * Plus 10 more... Related Stories Sort of Middlebury markets in everything * Clean Hands, Clear Conclusions: Ignaz Semmelweis as a Pioneer of Causal Inference * New Econ Lesson Plans!
What should I do in Doha? I will have a very limited amount of time there. What should I see and where should I eat?
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Comments Why not try roast camel and report back to us? by dearieme * the museum of islamic art is a must. I've gone to one of the ... by Stephen Jonesyoung * What if you got out away from the madding crowd and meditated ... by rsm Related Stories My views on the UFO hearings * The European Visa Mess * How to eat well in Sri Lanka
- Oddly distributed asymmetric worries. And U.S. scientists repeat fusion power breakthrough. 2. “Vidya Mahambare has a fun assignment for her students, and I fully intend to copy it this upcoming semester.” Link to the idea here. 3. Mediocre robot cat. 4. Square watermelons in Japan. 5. More on the Collie transhumanist [transcollieist?]. 6. MIE: […]
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Comments In reply to dearieme. OTOH it's civilization-building stuff. ... by Anti-Gnostic * #6 No wonder we have so many migrants from El Salvador at the ... by Rebes * In reply to Tom Meadowcroft. Yes, there are a bunch of them. ... by sxb * In reply to rsm. I'm pretty sure without applying the ... by Anti-Gnostic * In reply to Phil S.. I had missed that they were doing trans ... by steve* * Plus 10 more...
Before last week, many people may not have known about the existence — or exceptional popularity — of hockey romance novels. But the subgenre captured mainstream attention when an NHL player and his wife called on readers to stop sexually harassing him. Allow me to explain: A sizable portion of BookTok, a book lovers’ community […]
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Comments I see titles like Puck Me, Pucked and Pucked over, fascinating ... by sxb Related Stories Shadow Effects of Tennis Superstars * Health Alert: Your Survival Odds May Increase When Surgeons Take a Break! * Unshackled
Just as Woke has peaked, has “anti-Woke” peaked as well?: When presented with the choice between two hypothetical Republican candidates, only 24 percent of national Republican voters opted for a “a candidate who focuses on defeating radical ‘woke’ ideology in our schools, media and culture” over “a candidate who focuses on restoring law and order […]
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Comments Sometimes voters are smart? by Bobster34 * In reply to Justin Chang. One counter to your point about ... by maybe * In reply to Nancy MacLean deserves an apology. Weird how ... by Climacus * In reply to Justin Chang. I don’t understand peoples ... by Asdf * …only 24 percent of national Republican voters opted for a ... by MikeP* * Plus 4 more...
E. 149, Murugan Idli Shop, 1, 6th Avenue, opp. Velankanni Church, GOCHS Colony, Besant Nagar, Chennai, Tamil Nadu 600090, India Most of all, get the Onion Rava Masala Dosa. The key dishes there cost not much more than one dollar, sometimes less. Is there any general model as to why, so often in the world […]
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Comments I agree that there's an amazing amount of wonderful food in ... by Raghu Parthasarathy * This popped up on my phone while I was eating idli and masala ... by cwc * In Austin, Texas, there are several places that do good Masala ... by Niko Davor * In reply to Not really. I dunno man, I've had a lot worse ... by Doug * I think a lot of American food is cheap (by US PPP standards) ... by Phil S. * Plus 10 more... Related Stories How to eat well in Sri Lanka * The Economics of Export Bans
- Pakistan facts of the day, gift watch edition. 2. How much do different kinds of doctors earn? 3. Jason Furman reviews Big Business. 4. Why do the top dart throwers keep getting better and better? (NYT, good piece on talent issues, covers other sports too). 5. How much is NoVa residential real estate suffering […]
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In my post SuperFreakonomics on Geoengineering, Revisited I noted that regulations requiring ships to reduce sulfur have increased global warming. Science has a new piece on the phenomena and the implications for intended geoengineering: Regulations imposed in 2020 by the United Nations’s International Maritime Organization (IMO) have cut ships’ sulfur pollution by more than 80% […]
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Related Stories* Clean Hands, Clear Conclusions: Ignaz Semmelweis as a Pioneer of Causal Inference
- Growth models and new goods
- Health Alert: Your Survival Odds May Increase When Surgeons Take a Break!
Growth models typically assume an inaccurate equivalence between the consumption of greater quantities of existing products (as an individual achieves by growing richer, all else equal) and the consumption of new products. As a result, they typically arbitrarily understate the welfare benefits of growth. They also arbitrarily overstate the extent which future growth will motivate […]
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Related Stories* Health Alert: Your Survival Odds May Increase When Surgeons Take a Break!
- Left Digit Bias in Medicine
- Clean Hands, Clear Conclusions: Ignaz Semmelweis as a Pioneer of Causal Inference
In multi-stage tournaments, anticipated competition in future stages might affect the outcome of competition in the current stage. In particular, the presence of super- stars might demotivate the next-best competitors from seeking to advance to later rounds, where they ultimately are likely to face a superstar. Data from men’s professional tennis tournaments held between 2004 […]
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Comments I can only see this happening in smaller tournaments. There is ... by Robin Soderling * Rational expectations by tennis players I guess. Why play hard ... by mkt42 * In reply to rsm. Djokovic's risk of dying from Covid ... by Todd K * Average is not over, or superstars cause stagnation. by Hard to decide * Such as the shadow career effect of playing a eugenicist on the ... by Any mention by the excellent Kevin Lewis regarding other effects? * Plus 2 more... Related Stories The economics of NBA contracts * Work from home, and golf * NBA (CEO) fact of the day
The Dominican Republic 🇩🇴 is experiencing a remarkable convergence in per capita income with the US, outpacing all other Latin American countries. With the right policies, it has the potential to become an advanced economy within the next four decades. ➡️ https://t.co/s8ofH9u1B9 pic.twitter.com/wJ7MSy48k7 — IMF (@IMFNews) August 4, 2023
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Comments Will it have four decades undisturbed by an American invasion? ... by dearieme Related Stories Sam Peltzman on American happiness * Suicide rates * The Rise in American Pain
- Interview with David Garrow. I found this a fascinating piece, one of the best of the year. But it says as much about Garrow as Obama — how you can be that much of a grump? How much “authenticity” do you expect from a president anyway? 2. Does surname diversity imply more innovation? 3. […]
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Comments Why so many Americans cannot celebrate America's first black ... by rayward * In reply to joan. Carbon dioxide's half life in the ... by MikeP * 1. “Obama recalls, 'I chose my friends carefully. The more ... by Alvin * this week in postmodern gender theory history satire/not satire ... by yo are all straussians now * In reply to MikeP. Carbon dioxide in the atmosphere has a ... by joan* * Plus 10 more...
Another bit from my review in the WSJ of Random Acts of Medicine by Jena and Worsham: The authors do not always endear themselves to their colleagues. In one intriguing study spanning a decade and involving 200,000 patients, a surprising revelation emerged. Patients who happened to have a heart attack during a week when hot-shot […]
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Related Stories* Left Digit Bias in Medicine
- Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante
- The Amy Finkelstein and Liran Einav health care plan
…for Sri Lanka, the only country in the region to default on its official debt amid the economic squeeze caused by the pandemic and the Ukraine war, these are sunny days. Tourism revenue and remittances from Sri Lankan workers overseas have come roaring back. Inflation, which reached 70% last September, was back down to 6.3% […]
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Comments In reply to Plamus. and ” Inflation, which reached 70% ... by Eltz * In reply to Greener than thou. I squirmed like a worm, then ... by Equestrian * “This would be a manageable and normal level for any ... by Greener than thou * In reply to Plamus. What if savers saved in dollars? by rsm * “As a result, the Central Bank of Sri Lanka has cut its ... by Plamus * Plus 2 more... Related Stories My views on the UFO hearings * The European Visa Mess * Emergent Ventures India, Cohort Five
The subtitle is A practical guide for highly-skilled immigrants to thrive in the United States, and the authors are Soundarya Balasubramani and Sameer Khedekar, just published. Covers all of the main immigration options into the United States in clear, understandable language. Even if you do not wish to come, this is perhaps the best and […]
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Related Stories* Left Digit Bias in Medicine
- Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante
- One simple reason why travel is important
We model legislative decision-making with an agenda setter who can propose policies sequentially, tailoring each proposal to the status quo that prevails after prior votes. Voters are sophisticated and the agenda setter cannot commit to future proposals. Nevertheless, the agenda setter obtains her favorite outcome in every equilibrium regardless of the initial default policy. Central […]
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Comments In reply to Naveen K. “He seems to have had quite ... by G * In reply to Naveen K. He does express many of the same views ... by Jeremy * In reply to DV. He’s just a Jewish man who larped for the ... by Anonymous * We are ruled by mandarins – for now anyway. Don't like a ... by EdR * But it always fun to argue who is setting the agenda. Certainly ... by 10% less okie dokie * Plus 7 more... Related Stories The true nature of American polarization * One worry I have about the costs of climate change * My views on the UFO hearings
- “(If anyone out there can explain why homoerotic fascists keep seeking my company, please let me know.)” More on BAP, from The Atlantic by Graeme Wood. 2. If you give people a free 10k, what will they do with it? 3. Why tourists no longer want to go to China (WSJ). 4. The economic […]
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Comments #5. “ I consider all this an argument against drinking ... by Ivo * In reply to Hazel Meade. Paul, revere. Examine your inner ... by The king of texas * In reply to Hazel Meade. Just one more piece of gratuitous, ... by Ed * In reply to Anonymous. I can't really tell why abstaining ... by MikeP * In reply to Hazel Meade. Yes, could still be related to ... by sxb* * Plus 10 more...
Adding marital status to the mix, the GOP advantage among married men shoots up to 20 points (59% Republican to 39% Democrat) and shrinks among unmarried men to just 7 points (52% Republican to 45% Democrat). But what most people don’t know, including everyone who works at Politico apparently, is that among married women, Republicans still maintain […]
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Comments In reply to rayward. The rise of the male-centric ... by rayward * In reply to Anonymous. Fortunately for us based people, we ... by Ricardo * Sounds like we've got a growing block of lonely conservative ... by Vulcidian * Given the point of view reflected in the linked article I don't ... by rayward * In reply to joan. Tyler proudly displaying he doesn't realize ... by hendricks * Plus 10 more... Related Stories One worry I have about the costs of climate change * My views on the UFO hearings * The political impact of social media has been grossly overrated
Maybe not: An emerging literature suggests that Artificial Intelligence (AI) can greatly enhance autocrats’ repressive capability and strengthen authoritarian control. This paper argues that AI’s ability to do so may be hampered by existing repressive institutions. In particular, I suggest that autocrats suffer from a “Digital Dictator’s Dilemma,” a repression-information trade-off in which citizens’ strategic […]
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Comments Hey mate don't you sleep? Or is this a GTP-4 output? I'm in ... by Antony T*
- Twitter account on the weaponization on the U.S. government. 2. Paul Christiano on LLM safety. 3. “History is a graveyard of classes which have preferred caste privileges to leadership.” (NYT) 4. Two Canadians switched at birth (NYT, good piece). 5. On the Trump indictment. 6. When groups of scientists disagree, how do people decide […]
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Comments In reply to Chris. Ummm I hate to break it to you but yeah ... by So Much For Subtlety * In reply to Michael Thomas. No fan of Trump, but jailing ... by LivelyClock * In reply to Gridlock. Biden is the geriatric Leftist ... by So Much For Subtlety * In reply to joan. No one pays a washed up crack addict ... by So Much For Subtlety * In reply to Hazel Meade. If he did win, why shouldn't he say ... by So Much For Subtlety* * Plus 10 more...
Middlebury lacks sufficient housing for all the students planning to attend this fall. After exhausting other options, the college plans to pay 30 students $10,000 each to stay away. Clever idea, but I’m sure you all noticed the “After exhausting other options” clause in there. Here is from the rest of the story: But the […]
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Related Stories* Clean Hands, Clear Conclusions: Ignaz Semmelweis as a Pioneer of Causal Inference
- New Econ Lesson Plans!
- Emergent Ventures India, Cohort Five
From my review in the WSJ of Random Acts of Medicine by Jena and Worsham: You have probably heard of left-digit bias—the idea that $7.99 seems cheaper than $8, even though $8 is only negligibly different than $8.01. Left-digit bias is widely observed in pricing but the effect is more general. A car with 39,990 […]
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Comments In reply to MikeP. It’s not even a sad trombone. That would ... by Heedless * In reply to Sure. incentives drive the status quo in medicine ... by Exactly * In reply to dan1111. Alex also calls it a heuristic in the ... by Anono * I think this post took too long to get to the main point ... by Alex * In reply to Slocum. If humans had perfect reasoning, there ... by dfs * Plus 10 more... Related Stories Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante * The Amy Finkelstein and Liran Einav health care plan * Clean Hands, Clear Conclusions: Ignaz Semmelweis as a Pioneer of Causal Inference
Here is one excerpt: > HEISENBERG: […] I believe this uranium business will give the Anglo–Saxons such tremendous power that EUROPE will become a bloc under Anglo–Saxon domination. If that is the case it will be a very good thing. I wonder whether STALIN will be able to stand up to the others as he […]
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Comments In reply to Yes they did. Indeed, as Covfefe Anon likes to ... by The Scary Black Hundreder * In reply to Formerly K. The Republican Party is chaired by ... by Anti-Gnostic * In reply to Formerly K. The elites are keeping Trump at the ... by Etalon d'Silomar * In reply to cthulhu. I've read the first: excellent indeed. I ... by dearieme * In reply to Moral Panic. And Rhodes' follow-up, Dark Sun: The ... by cthulhu * Plus 10 more... Related Stories Clean Hands, Clear Conclusions: Ignaz Semmelweis as a Pioneer of Causal Inference * One worry I have about the costs of climate change * My views on the UFO hearings
The size of the costs of climate change is a matter of frequent dispute, but current methods seem to leave out some important variables. In particular, how we will choose to bear and distribute our adjustment costs will bring complications and distortions of its own. Consider, for instance, some recent economic estimates of the costs […]
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Related Stories* My views on the UFO hearings
- The political impact of social media has been grossly overrated
- More on Singapore and public sector talent development
- Jolly Swagman podcast with Katalin Karikó. 2. The worst U.S. bridges are getting fixed. 3. AI policy proposals and regulations. A good survey of what is being discussed. 4. China fact of the day: The United States still gives foreign aid to China. 5. Ross Douthat on the Jacobites (NYT).
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Comments In reply to dearieme. I'm reading Christopher Clark's Iron ... by Stan Sitwell * In reply to Dinwar. FYI – only about 18% of the US ... by Aging Lurker * In reply to Phil S.. What is China spending here propping up ... by John J * In reply to George Oh-Well. The entirety of the US ... by Webb * 2. We finally get infrastructure week, and it is all. year. ... by john* * Plus 10 more...
- Why so much heavy metal in the Nordics? 2. Some new results on economics and personality psychology. 3. Israeli TV on Dan Ariely, with subtitles. 4. What is your chance of surviving a fall from a cruise ship? 5. What is behind the decline in business dynamism? 6. “A zoo in eastern China is […]
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Comments In reply to blue jay. That's one band that I didn't really ... by Dinwar * 1&5 för en bra stund ask the ruby lipped essence of krugman ... by masked swedish cannibals sven/svens * In reply to Didn't read the article again, did you?. First, ... by Dinwar * #6 , I thought you were labeling links like this one as ... by londenio * In reply to Matt. Even the Post's comment section makes fun ... by Moral Panic* * Plus 10 more...
My next series is a few things at once. It’s a reminder that sometimes people will do everything in their power to present evidence supporting scientific facts, be unpersuasive and be sent to a mental hospital by their best friend where they spend the next two weeks being beaten by guards mercilessly and then die. […]
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Related Stories* Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante
- New Econ Lesson Plans!
- Emergent Ventures India, Cohort Five
Surprise, surprise, disclosures are bloated past the point of being informally useful: Generative AI tools such as ChatGPT can fundamentally change the way investors process information. We probe the economic usefulness of these tools in summarizing complex corporate disclosures using the stock market as a laboratory. The unconstrained summaries are dramatically shorter, often by more […]
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Comments I still say ChatGPT is the next Napster: ... by F. E. Guerra-Pujol Related Stories Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante * Would room temperature superconductivity benefit military offense or defense? * Emergent Ventures India, Cohort Five
I found them very interesting to watch, and wrote my last Bloomberg column on them. Here is one excerpt: I do not think that the US government has the remains of alien spacecraft, for example, including some alien bodies, as claimed by retired Air Force Major David Grusch. But the rest of the evidence was […]
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Comments My views on the UFO hearings Are you going through the ... by MikeP * How do you model the behavior of Chuck Schumer, the ICIG, etc? ... by Travis Wilmot * If UAP is Universally Approved Prosecution……that will not ... by Pshrnk Related Stories The European Visa Mess * Sri Lanka travel notes * Emergent Ventures India, Cohort Five
We prompted GPT-4 (an artificial intelligence large language model) to use literary fictional characters to play the Dictator game, a classic behavioral economics experiment. We prompted GPT-4 with 148 characters from the 17th century to the 21st century. Their 888 decisions were used to compare characters over time as well as characters to human players. […]
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Comments Bots can make selfish decisions? Is it a plus that bots make ... by rayward * 41% of the sexual-decisions of 17th century characters are ... by LGBT representation Related Stories My excellent Conversation with David Bentley Hart * Scrap AMC/KYC Laws * How to assign property rights in actor AI likenesses
- Granny flats for Ireland (and where else?) 2. An old PayPal story. 3. “Atkin, Schoar & Shinde have what I believe is first work from home field experiment w/ worker learning. India data entry firm. WFH causally drops productivity 12% at day 0, 6% more from slow learning over time. If workers self-select, it’s […]
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Comments In reply to (Not That) Bill O'Reilly. …whereas the Times ... by Slocum * In reply to aaron. Heck i don't have a model and i sure don't ... by Srw * 5 for a good time get the dean o' diversity to gender-splain ... by community notes * In reply to JWatts. A question: if one were to ask the median ... by Sashoir * 5. It's obvious to me that the radicalization of much of the ... by Hazel Meade* * Plus 10 more...
The latest video for Marginal Revolution University’s Principles of Micro course is on a topic near and dear to our hearts: marginal thinking! (Not to mention the sunk cost fallacy and bell-bottom jeans.) MRU is also featuring this video in a new high school unit plan, “Introduction to Economics.” This unit has a week’s worth […]
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Comments Thank you. I always wanted to know more about that. by Uair01 * It's great that you're making the videos and lesson plans ... by anon Related Stories Behavioral Economics and ChatGPT: From William Shakespeare to Elena Ferrante * Emergent Ventures India, Cohort Five * The economics of NBA contracts
A US passport used to allow visa free travel to more countries than almost any other passport. No longer. Yahoo: The days of visa-free travel throughout most of Europe are about to change. Starting early next year, the European Union will implement the European Travel Information and Authorization System requiring all visitors from visa-free countries […]
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Related Stories* Sri Lanka travel notes
- Emergent Ventures India, Cohort Five
- How to eat well in Sri Lanka
If, if, if, people we still do not know yet. But I am one who likes to ask if, and GPT-4 plus is willing to accommodate those desires: Room temperature superconductivity could potentially benefit both offensive and defensive military capabilities, but it will depend on how this technology is applied. Offense: The military could potentially […]
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Comments “They could enhance the shielding of military bases, ... by andy * This kind of question needs to articulate the unknowns and ... by M * It's been 4 days, hasn't a third party cooked up batch of that ... by Anonymous * To be entertained. Sources of strong man portable power will ... by Why I come to MR Related Stories Emergent Ventures India, Cohort Five * The political impact of social media has been grossly overrated * How to assign property rights in actor AI likenesses
The following was compiled by Shruti Rajagopalan, who directs Emergent Ventures India. I will not indent the material: Ankita Vijayvergiya is a computer Science Engineer and an entrepreneur. She founded BillionCarbon along with her co-founder Nikhil Vijayvergiya, to work on solving two problems that plague India – soil degradation and managing biodegradable waste. At BillionCarbon, […]
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Comments The general link (near the bottom), shows EV is ~5 years old ... by Phil S. * Kudos to the winners. What a wide range of talent ! by Anonymous Related Stories The political impact of social media has been grossly overrated * My excellent Conversation with the excellent Noam Dworman * The Economics of Export Bans
Rumor has it that there will be a special edition of Conversations with Tyler, to commemorate the pending 20th year anniversary of Marginal Revolution (yes, we have posted multiple times each day, without exception). We will be recording, of course, in Chennai. So what should Jeff ask Alex and me? If you don’t already know, […]
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Comments 1. Give a stereotype of the avg. MR reader 2. What were you ... by sinclam2 * In reply to Easy. We are planning a big announcement then. by Tyler Cowen * Ask him about Jason Isaacs and what really happened in Friends ... by Equestrian * Ask about the Bill/Fake Bill comment comedy show, and what it ... by Easy * “We will be recording, of course, in Chennai” Wow. Can ... by Naveen K Related Stories David J. Deming now has a Substack
- Is HHS the ugliest building in DC, or is it just fine? Why was it once considered “too opulent”? 2. Solar energy fact of the day. Should this make you less bullish about nuclear? 3. Edward Sexton, tailor to the Beatles, passes away RIP. 4. David Card on writing controversial papers. 5. Lord Monboddo […]
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Comments In reply to Lord Action. desalinate ocean water. It's very ... by AndrewL * #2. I'm glad someone mentioned the difference between capacity ... by Dan Hanson * In reply to Dan Hanson. Some of the nomenklatura would see ... by cthulhu * In reply to Lord Action. Thermal energy storage (TES) systems ... by RAD * In reply to Lord Action. “So you'd be looking for ... by JWatts* * Plus 10 more...
Sam is still writing good papers: Since 1972 the General Social Survey (GSS) has asked a representative sample of US adults “… [are] you …very happy, pretty happy, or not too happy?” Overall, the population is reasonably happy even after a mild recent decline. I focus on differences along standard socio demographic dimensions: age, race, […]
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Comments I'm quite pro-marriage, but as a devil's advocate argument, ... by dan1111 * I thought marriage gives you a temporary happiness boost and ... by Rahul * Why I am not a conservative. A person revered by many readers ... by rayward * In reply to M. Also, it doesn't look to me like per the GSS ... by M * Reposting a comment from: The politics of neuroticism and ... by M * No, let's not. Interesting to see how certain things break ... by Let's talk about no fault divorce Related Stories Suicide rates * The Rise in American Pain * David J. Deming now has a Substack
Food here is excellent, but eating well involves some counterintuitive advice. For one thing, there are few “undiscovered gems” along the roadways. It is just not a thing here, and several Sri Lanka residents have confirmed this to me (one person suggested there used to be lots of them, but they have faded). During my […]
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Comments In reply to rsm. Often investors are pressuring the ... by a lot of documentaries are a scam * In reply to Anonymous. Other historians have theorized that ... by Jewish comfort food is always something Cowen finds agreeable * Life for most Sri Lankan's must be hard if there is no longer ... by bazza * In reply to rsm. Excess food, packaging, clothing, energy, ... by Patrick * In reply to Rahul. Myanmar. Although overland transit is ... by Patrick * Plus 6 more... Related Stories Sri Lanka travel notes * The Economics of Export Bans
Travel makes you a better reader, especially for history, geography, (factual) economics, and political science. I have been reading two good books about Sri Lanka, namely K.M. de Silva’s Sri Lanka and the Defeat of the LTTE and also his A History of Sri Lanka. Both would be very difficult to follow if I didn’t […]
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Comments And this extends way beyond just books! Visiting a place gives ... by Nate * Corollary: travel to Europe and US now before globalists finish ... by Test Related Stories Sri Lanka travel notes * The Amy Finkelstein and Liran Einav health care plan * On-line, Chinese production of The Three-Body Problem
- Questions that are rarely asked: “At the breakfast bar and wondering if having everybody touch the same pair of tongs in the same place is proven to be better than having everybody simply pick up their own piece of bread” 2. The importance of high school guidance counselors. 3. Is fish and chips disappearing? […]
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Comments In reply to Patrick. Are we this dense now? The immune system ... by MikeP * In reply to (Not That) Bill O'Reilly. No, my point is this ... by Patrick * In reply to Todd K. I figured out not to touch my face after ... by MikeP * In reply to Patrick. This isn't advocating living in a sealed ... by Formerly K * In reply to Patrick. So is it your contention we should get ... by (Not That) Bill O'Reilly* * Plus 10 more...
Finally the truth is coming out. A series of new research papers, surveyed in the NYT, present a pretty sobering reality. Here is just one excerpt: One of the studies was titled “How do social media feed algorithms affect attitudes?” In that research, which included more than 23,000 Facebook users and 21,000 Instagram users, researchers replaced the […]
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Comments But, muh Russia! by Hiawatha Jones * In reply to Rahul. Yeah, who would expect people's political ... by dan1111 * So we can blame the endless repetition of social media for this ... by Bob Knaus * By stating “falsehood” you mean that people had to believe ... by Aldo Compagnoni * In reply to Gareth. ” I can agree that the impact has been ... by Hoosier * Plus 9 more... Related Stories How to assign property rights in actor AI likenesses * Fireside chat with Vitalik * More on Singapore and public sector talent development
That is the topic of my latest Bloomberg column, here is one excerpt: The Boston Celtics just set an NBA record by agreeing to a five-year, $304 million contract with two-time All-Star Jaylen Brown. The obvious question is whether any single basketball player can be worth that much money — especially someone who is not even the best player on his […]
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Related Stories* Are “circuit breakers” overrated?
- More on the Merger Guidelines
- Scrap AMC/KYC Laws
Maybe so: Market-wide trading halts, also called circuit breakers, have been widely adopted as part of the stock market architecture, in the hope of stabilizing the market during dramatic price declines. We develop an intertemporal equilibrium model to examine how circuit breakers impact market behavior and welfare. We show that a circuit breaker tends to […]
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Comments In reply to BC. Do we have a theory of irrational investors? by Dismalist * “We show that a circuit breaker tends to lower the overall ... by BC * In reply to gardel. I.e. the breaker trips and the house goes ... by Rahul * In reply to gardel. The idea is to examine whether the ... by BC * In reply to Jonathan Vause. “Risk sharing” refers to the ... by BC * Plus 8 more... Related Stories More on the Merger Guidelines * Scrap AMC/KYC Laws * Why aren’t Barbie tickets more expensive?
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lazygirljob (WSJ). 2. The economic foundations of Kenyan street protests. And some interest groups are rebelling against Nigerian reforms. 3. Product liability for defective AI. A law and economics study. 4. Diagnostic medical errors are a huge problem. 5. Lebanese man holds up bank to get his own money out (NYT). 6. More Okie-dokie […]
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Comments In reply to sxb. There is unlimited demand for status, though ... by EdR * In reply to M. Nothing sarcastic about it I think. Germans ... by Prior's certificate of identity is deletion * In reply to Crusader. “Out of the entire US, there’s less ... by * 5 okie dokie after multiple polls suggested 90% of peeps ... by yo are all straussians now * #6) If Ariely et al didn't sign a statement at the top of their ... by BC * Plus 10 more...
Jason Furman and Carl Shapiro write about the merger guidelines. On the thrust of the guideline as political rather than summarzing existing law they are very much in agreement with the Hurwicz and Manne piece that I summarized last week. Merger guidelines aren’t enforceable regulations. They have also never attempted to be a legal brief or […]
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Related Stories* Scrap AMC/KYC Laws
- The Merger Guidelines
- The Economics of Export Bans
Have you ever been to a perfect spot and wished “there should be an amazing hotel right there, except I want the hotel without any accompanying crowding or corruptions of tourism?” If that is your desire, Sri Lanka is the country for you. (Who cares if that is an apparent violation of the laws of […]
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Comments In reply to rsm. In general camping properly is at least ... by Travis Wilmot * I remember reading Gunnar Myrdal's Asian Drama in 1969. [No,it ... by Dismalist * Nobody has mastered the insta-travelogue technique better than ... by The old in and out * The lesbian pair I know that went to Sri Lanka about a decade ... by Contrasts are good * In reply to Naveen K. Is there an actual shortage of food or ... by rsm * Plus 10 more... Related Stories My excellent Conversation with the excellent Noam Dworman * The Economics of Export Bans * SuperFreakonomics on Geoengineering, Revisited
No, reported suicide rates are not rising everywhere – they are falling in many countries, but rising in the US. And no, there is no big rise in teenage suicide rates in the US, the increase is concentrated in people over 19. This makes global social media an unlikely cause. pic.twitter.com/K1COBitWMj — Dina D. Pomeranz […]
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Comments In reply to rsm. I think you're horribly depressed and I am ... by Anti-Gnostic * In reply to Yeppers. Drug use is self-medication for ... by Anti-Gnostic * In reply to rsm. You may be onto something there. But instead ... by NepoPoleon * In reply to Ne'er Do Well. Why didn't Epstein kill himself, ... by rsm * In reply to Ernst. How about we stop censoring suicide posts ... by rsm * Plus 10 more... Related Stories The Rise in American Pain * David J. Deming now has a Substack * Is the rising youth suicide rate overstated?
- Haidt and Gray on play deprivation as a cause of mental illness. 2. Some kind of weird story I don’t understand about an AER retraction. 3. “The SAT’s Predictive Power for College Grades is Systematically Underestimated Because of Range Restriction.” 4. Noteworthy observations on China and AI. 5. Markets in AI girlfriends. 6. “A […]
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Comments In reply to community notes. Mariners are seamen. by RAD * 3. “The SAT’s Predictive Power for College Grades is ... by Formerly K * In reply to Anti-Gnostic. Yeah, well, I called him Leonard ... by RAD * In reply to Student. I look at things through a Bayesian ... by MikeP * 1. I have a home close to a neighborhood (I take daily walks ... by rayward* * Plus 10 more...
Bruce Fenton writing on twitter X: It’s time to scrap AML / KYC entirely. The idea that politicians should know how citizens spend their money is a new and deeply flawed idea. An entire generation has been fooled into thinking this is a necessary part of finance and the world continues to double down on […]
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Comments KYC? I thought it was spelled KFC. by dearieme Related Stories The Merger Guidelines * Why aren’t Barbie tickets more expensive? * The Economics of Export Bans
That is the theme of my latest Bloomberg column, as for mamny showings there is excess demand and long waits to see the movies. Here are some of the reasons why markets are not clearing: A more relevant factor behind the static pricing has to do with social networks. Both the movie theater and the […]
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Comments In reply to Tom. I haven't been to the Kinema since 2006. But ... by dearieme * “It is a painful admission for an older moviegoer like ... by dearieme * In reply to gardel. gardel is living proof that Democrats ... by Derek22 * In reply to Crusader. I'm on Team Nothing, but not out of ... by Derek227 * And in streaming movies, be sure not to miss the sci fi/comedy ... by Todd K * Plus 10 more... Related Stories Scrap AMC/KYC Laws * The Merger Guidelines * The Economics of Export Bans
Tanner Greer and The Center for Strategic Translation, to fund translation into English of important Chinese works, so that Westerners may understand China better. Nabeel Qureshi, New York City, to support his next project. Matthew Adelson, Ann Arbor, for the study of utilitarianism and to become a public intellectual, Kris Gulati, UC Merced, CA and […]
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Comments But he gets to model one on the Internet, demonstrating how ... by Tyler may not be a billionaire patron Related Stories My excellent Conversation with the excellent Noam Dworman * The Economics of Export Bans * David J. Deming now has a Substack
A significant literature has documented trend increases in pain among Americans over the last two or three decades. There is no single explanation seeming to work well for the increase. We show that, rather than resulting from a smooth upward trend, the increase was almost entirely concentrated in the 2007-2010 period, the time of the […]
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Comments Doesn't that (nearly) coincide with the promotion of OxyContin ... by Pyrmonter * In reply to TWBC. What planet are you on where you think ... by Anti-Gnostic * Capitalism is painful, amirite? by rsm * In reply to No Longer In Pain Programmer. Campbell introduced ... by steve * In reply to EdR. Who says morbid obesity is healthy. Have ... by steve * Plus 10 more... Related Stories David J. Deming now has a Substack * Is the rising youth suicide rate overstated? * The Causal Effects of Admission to Highly Selective Private Colleges
- Hawaii is going to build more homes. 2. When did people stop being drunk all the time? 3. “Tom Sowell himself designs the cover jacket of just about every one of his books (and often uses just 3 colors: black, white, and red)” Link here. With a photo. 4. Over the last year, Japan’s […]
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Comments In reply to M. That said, I don't if alcohol consumption per ... by M * #5 I'm sorry, is that guy in a Congressional hearing wearing a ... by James * In reply to KP. Japan and South Korea could fix their ... by davebarnes * In reply to Anonymous. Trump not self-serious…HAHAHAHAHHAHA! by Andrew * In reply to Alex VB. People like you want to destroy the ... by Anon* * Plus 10 more...
Gus Hurwitz (a former student) and Geoffrey Manne have an excellent piece in the WSJ discussing the FTCs new merger guidelines. First, what are these guidelines? Since 1968, Justice and the FTC have issued guidelines to help companies understand when a proposed merger might raise antitrust concerns. The guidelines are a nonbinding public statement that […]
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Comments Here's Alex crying about the rule of law. by Snrad * The EU does not write detailed laws which can easily be ... by Sounds like a bad attempt to copy how the EU uses law Related Stories The Economics of Export Bans * German deindustrialization crisis of the day * The EJMR doxxing issue
I am very pleased to have recorded a CWT with Noam Dworman, mostly about comedy but also music and NYC as well. Noam owns and runs The Comedy Cellar, NYC’s leading comedy club, and he knows most of the major comedians. Here is the audio, video, and transcript. Here is the episode summary: Tyler sat […]
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Comments Doesn't make the bar of self-recommending instead of ... by Huh * In reply to rsm. If the point of the economy is for people to ... by LivelyClock * 《Comedians have to get gigs》 Would a strong basic income ... by rsm * COWEN: I don’t follow any comedians. I sit there, I read ... by Anonymous * Probably requires deep pain to want to be a comic. It's an ... by Anonymous * Maybe I've listened to too many professional comedians talk ... by cc Related Stories My excellent Conversation with David Bentley Hart * Sinead O’Connor, RIP * The Economics of Export Bans
Sinead O’Connor was a great singer–never more evident than in her collection of standards, Am I Not Your Girl? The entire album is wonderful. So sad to hear of her passing. Here on the painful decline of a marriage, Success Has Made a Failure of Our Home. Kills me every time I hear it. From […]
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Comments Bipolar disorder is a challenge she didn't choose but was ... by EdR * In reply to N. She was a Mormon too? Though 'worships' is ... by Huh * Nice songs. But appalling mother who let her son abuse drugs ... by Steef * In 1999, she was ordained as a priest by the Latin Tridentine ... by You forgot she was an ordained priest * In reply to Falstaff. I will never understand that. “I got ... by N * Plus 4 more... Related Stories My excellent Conversation with David Bentley Hart * How to assign property rights in actor AI likenesses * Victory City
- Mutable.ai on how AI will affect the corporation. 2. Gagosian (New Yorker, very good piece). 3. Exposure to robot preachers undermines religious commitment. 4. Does Singapore like China too much? 5. Not exactly my view, but a thoughtful look at Israel’s recent reforms. 6. The world’s last internet cafes.
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Comments In reply to Should have tried Shinto for contrast. Second ... by Reason * In reply to JFA. Yes, and not just categorize, but explain ... by Formerly K * In reply to Sophia Ling. Cameras in the courtroom mean that ... by Ricardo * In reply to John. I've researched it elsewhere. I'm well ... by James N. Markels * 5. I'm Canadian. I'm not an expert on the law or on Israel, but ... by Sophia Ling* * Plus 10 more...
India recently banned the export of non-Basmati rice. What are the economics of export bans? An export ban will tend to decrease the world supply thereby raising world prices but some of the previously exported goods will flow to the domestic market reducing domestic prices, which is the typical reason for an export bans. FT: […]
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Comments In reply to The Prior stamp of certification. Interesting ... by M * In reply to ChadGPT. Don't disrespect MR like this. It's not ... by DeQuan * In reply to M. To repeat from a comment to SMFS with a short ... by The Prior stamp of certification * In reply to It is a bit more than economics. Prior, just to ... by M * I know your bread and butter is econ but isn't this a bit ... by Antony T. * Plus 3 more... Related Stories German deindustrialization crisis of the day * The disinflation as American triumph * Mental health and European economics departments
I am away from my review copy, so I am pleased that Matt Yglesias has offered ($) a good “standing on one foot” summary of the plan, as outlined in the new book We’ve Got You Covered: Rebooting American Health Care, by Amy Finkelstein and Liran Einav: They call for: A universal basic insurance system, […]
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Comments A comment made regarding Global (and American) happiness these ... by Still relevant to observe * Two points to keep in mind are … An ounce of prevention … ... by Jim * Looks like you're running low on topics to post go back to ... by Antony T. * There's plenty of better models. Like Australia, everyone gets ... by Paul Related Stories On-line, Chinese production of The Three-Body Problem * Australia fact of the day * SuperFreakonomics on Geoengineering, Revisited
Today might have seen the biggest physics discovery of my lifetime. I don't think people fully grasp the implications of an ambient temperature / pressure superconductor. Here's how it could totally change our lives. — Alex Kaplan (@alexkaplan0) July 26, 2023 I am eager to learn more and to see how (if?) this holds up. […]
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Comments In reply to Etalon d’Silomar. Original post was about a ... by Etalon d’Silomar * Prediction market puts it at 25% chance of legit: ... by Etalon d’Silomar * Not going to make an X account to read this. But here’s how ... by Etalon d’Silomar * In reply to Anonymous. Tyler is a straussian, and is making ... by Still relevant to observe * In reply to Anonymous. No. That's a different work by ... by David Khoo * Plus 5 more... Related Stories SuperFreakonomics on Geoengineering, Revisited * More on Singapore and public sector talent development * Dear Chat-GPT (just one opinion)
With subtitles, find it here.
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Comments Well, what do you know? I always thought The Three-Body Problem ... by Crikey Related Stories The Amy Finkelstein and Liran Einav health care plan * SuperFreakonomics on Geoengineering, Revisited * How to assign property rights in actor AI likenesses
Forked Lightning, he is from the Harvard Kennedy School, and he is a co-author on the piece with Chetty and John N. Friedman featured on MR earlier today. In his inaugural post he explains some further results from the paper in more detail: The second part [of the paper] shows the impact of attending an Ivy-Plus […]
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Comments The home page caught me off guard. Was expecting to see an ugly ... by Lookist Related Stories The Causal Effects of Admission to Highly Selective Private Colleges * Mental health and European economics departments * On white flight (from the comments)
- Microgyms in Singapore. 2. Proof of personhood, by Vitalik. 3. Larry Katz is running unopposed to be the next president of AEA. I am a big fan of Larry’s work and from hearsay (I don’t know him) he has very sound judgment. But isn’t it time someone raised their hand and said this system […]
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Comments 5 more deep thoughts from the bbc about woke & dodgy de-banking ... by yo are all straussians now * In reply to steve. If we're honest, I think economists care ... by Formerly K * In reply to mkt42. That's only if write-ins are possible. ... by Brett Dunbar * In reply to steve. So there was a reporting bug in Mantis ... by Equestrian * In reply to PHinton. “Are you freaking kidding? This is the ... by Todd K* * Plus 10 more...
Rising reports of suicidal behaviors in children and adolescents have led to the recognition of a youth mental health crisis. However, reported rates can be influenced by access to screening and changes in reporting conventions, as well as by changes in social stigma. Using data on all hospital visits in New Jersey from 2008-2019, we […]
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Comments In reply to No it isn't overstated. According to CDC WONDER ... by Steve Sailer * In reply to No it isn't overstated. Dear Tyler, Forgive me ... by Alan * In reply to JFA. Yeah, TCs love affair with social media is ... by Hoosier * In reply to JFA. Rank, not age. by Anti-Gnostic * In reply to USA poor life expectancy. The effects of smoking ... by Ted Craig * Plus 10 more... Related Stories The Causal Effects of Admission to Highly Selective Private Colleges * Global (and American) happiness these days * Mental health and European economics departments
This is a long abstract, but it is meaty, and note that papers by these authors have held up well: Leadership positions in the U.S. are disproportionately held by graduates of a few highly selective private colleges. Could such colleges — which currently have many more students from high-income families than low-income families — increase […]
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Related Stories* Mental health and European economics departments
- On white flight (from the comments)
- Global (and American) happiness these days
Health officials have “virtually” eliminated HIV transmission in parts of Sydney that were once the centre of the Australian Aids epidemic, raising hopes of conquering a disease that has killed more than 40mn people. HIV diagnoses in inner Sydney plunged 88 per cent from the 2008-12 average to just 11 cases last year, a decline […]
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Related Stories* Mental health and European economics departments
- How the NSF Moved Faster than the NIH During COVID-19
- Against human-AI collaboration
- Sensible talk from the Left about how little the Left is offering so many American men. 2. Where did our belief in abundance come from? The Bible, no? 3. TC as Information Monster. 4. milky eggs on life extension. I don’t endorse (or deny) any of that, but why not more discussion on pursuing […]
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Comments In reply to asdf. Evidence that it works? In particular, what ... by steve * In reply to Andao. Most of the incels are kids of bad ... by anon * In reply to Reason. Very apropos. Not sure how many will ... by Steve * In reply to Ricardo. The military and police are special ... by John Smith * 3. Reminds me that Klosterman is my most-desired repeat CWT ... by Josh M* * Plus 10 more...
Geoengineering first came to much of the public’s attention in Levitt and Dubner’s 2009 book SuperFreakonomics. Levitt and Dubner were heavily criticized and their chapter on geoengineering was called patent nonsense, dangerous and error-ridden, unforgivably wrong and much more. A decade and a half later, it’s become clear that Levitt and Dubner were foresighted and […]
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Comments The climate cultists are just the worst people. For at least 70 ... by ugghhh... * Solar, wind, nuclear and various synthetic fuels can sustain ... by So Much For Subtlety * >200 years of putting carbon into the atmosphere still puts us ... by DeQuan Related Stories Matt Yglesias on European politics * Global (and American) happiness these days * How to assign property rights in actor AI likenesses
Our world, in a nutshell, good and bad: Neither the UN’s Human Development Index (HDI) nor data used in the World Happiness Report from the Gallup World Poll shifted much in response to negative shocks. The HDI has been rising in the last decade or so reflecting overall improvements in economic and social wellbeing, captured […]
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Comments In reply to OK, this made me happy in a word play sort of way. ... by M * There is a lot of good reasons to think that easy divorce is ... by So Much For Subtlety * In reply to Paul Wall. Is Dick a libertarian? Seems like yes ... by M * Musk is really on fire with creativity. He has just changed ... by OK, this made me happy in a word play sort of way * In reply to Slocum. Tough guy richard hannianan claims Birm ... by Paul Wall * Plus 10 more... Related Stories Progress * SuperFreakonomics on Geoengineering, Revisited * How to assign property rights in actor AI likenesses
This is an issue in the Actors and Writers Guild strikes, with a key issue being whether studios should be making “take it or leave it” offers which give them rights to the AI likenesses in perpetuity, even for extras. Here is part of my take in my latest Bloomberg column: I suggest that the […]
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Comments If it's only about the rights to likeness, that's already ... by Dismalist Related Stories Fireside chat with Vitalik * Barbie * German deindustrialization crisis of the day
No, I don’t think this one will go public, but you can see my earlier 2018 CWT with him. In any case, do you all have suggestions as to what I should ask? Note that the audience is (likely) by no means crypto specialists. I thank you in advance for your usual wisdom and counsel.
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Comments Despite many smart people over many years inventing use cases ... by Etalon d'Silomar * what is a woman by sisterogersintersectionalneighborhoodfilmreviews * In reply to Anti-Gnostic. Presumably Vitalik is hosting in ... by Knut * In reply to heyo. I would like more stories about dragons. by MrSquiggles * “I thank you in advance for your usual wisdom and counsel.” ... by dearieme * Plus 10 more... Related Stories The new LLaMa 2 from Meta * Shakked Noy and Whitney Zhang on the productivity effects of LLMs * Against human-AI collaboration
- Economic development as reflected in the emotions expressed in paintings, as measured by AI. 2. The only thing keeping South Africa from collapse is its private sector (Bloomberg). 3. The making of Yunnan. 4. Good Anna Gát review of Oppenheimer. And good Henry Oliver review. 5. Sri Lanka update. 6. How well do some commonly-recognized […]
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Comments In reply to Murray. Meet the new boss… by Patrick * I hope Ana gets to read this (I didn't to be rude by emailing ... by Nonsplainer * In reply to Murray. Sorry. You're definitely not getting on ... by Jan * In reply to Rebes. I rarely come to this website anymore and ... by Jan * I was disappointed in Oppenheimer as well. Basically nothing on ... by Anon* * Plus 10 more...
First of all, and most of all, read them when you are young (teens and 20s) so they can still influence the longer trajectory of your life! But let’s say you are past that point. It seems to me an optimal amount of waiting is in order. You want at least one of your rereads […]
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Comments In reply to John J. That series is definitely on my radar. My ... by Mike W * In reply to Steve Sailer. Ah yes the true craftsmen. I grew ... by Antony T * In reply to Mike W. +1000! Mike W correctly offers that ... by Skeptical American * In reply to Mike W. Do you include the Little House books? I ... by John J * In reply to blue jay. Chernow, to my mind, is an excellent ... by Skeptical American * Plus 10 more... Related Stories Victory City * My excellent Conversation with David Bentley Hart * Dear Chat-GPT (just one opinion)
From an anonymous correspondent, I will not indent: “As a Singaporean, I appreciated your recent post on Singapore and the self-perpetuating nature of its establishment. I wanted to raise three points that may be of interest to you, which seem to also be under-discussed outside of Singapore. The first is the Singaporean system of scholarships. […]
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Related Stories* The politics of neuroticism and unhappiness
- Matt Yglesias on European politics
- Why Singaporean democracy is like a social media graph
“Would reverse engineering partial hash codes of thousands of website users to get their IPs with brute force be considered hacking?” Yes, attempting to reverse engineer hash codes to obtain user IP addresses or any other sensitive information would certainly be considered hacking. This is an unauthorized attempt to access, manipulate, or use another person’s […]
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Comments In reply to Joshua Gans. “Human Being, why would it matter ... by Sashoir * In reply to No, I would like to thank you personally. Why ... by rsm * In reply to seegs. Should we be figuring out animal language ... by rsm * In reply to Soap McTavish. The sky is red not the land. You ... by the king of texas * Tyler crying about the behavior of bolsheviks seems like a poor ... by Terry Richards * Plus 10 more... Related Stories My excellent Conversation with David Bentley Hart * Victory City * Austin Vernon on electric vehicles > hybrids
You can object to the lack of plot impetus in this work, or cite several other objections, not entirely without reason. Yet the film is fresh, interesting, and creative throughout. It is full of ideas, starting with an investigation of how lookism oppresses women, and then it continues to deepen. By the end, the surface-level […]
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Comments I haven't seen the movie and likely still won't (at least until ... by Formerly K Related Stories Oppenheimer, the movie * Mission Impossible 7 (no real spoilers) * Los Alamos From Below
- What a corruption scandal in Singapore looks like. 2. Vargas Llosa uh-oh? (New Yorker) 3. Astral Codex Ten: comments on British economic decline. 4. FedNow will enable speedier payments. 5. One take on the current Chinese economic slowness. A good, non-hysterical piece. 6. Stupid bluster about Suwalki. But don’t think this is not a […]
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Comments In reply to DeQuan. My God — right on cue, he posts his ... by DeQuan * #2 The article doesn’t bother to mention Mario Vargas ... by Rebes * 6. “Major issue in the longer term” presuposes that Putin ... by yes, but * In reply to DeQuan. “Angel Studios, which made it, ... by Mine was more a reaction on a blog, not a review * In reply to sxb. If Robinhood and Citidel used immediate ... by rsm* * Plus 10 more...
In the upper deccan of India lies Hampi, today just a village and ancient ruins but once the seat of the Vijayanagara Empire which ruled most of South India from 1336 to 1565. The Vijayanagara Empire was the last big Hindu empire in India before the Mughals and then the British took over, so it […]
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Comments I think you are forgetting about the Maratha empire, which was ... by Not the last * The Deccan sultanates weren't a contrast with ... by TGGP * Observing violence, conquest and colonization performed by ... by A Harmless Hornytoad * Sounds like a great place to use psychedelics. by Time to re-order my priorities Related Stories My excellent Conversation with David Bentley Hart * Germany in the World * Who first declared that God is dead?
I am not sure how many people should use psychedelics, and I do not wish anything in this post to be construed as advice. It does seem obvious to me, however, that 1960s popular music was more creative because some individuals used psychedelics. I’ve also seen evidence that psychedelics can help (only some) individuals with […]
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Comments In reply to FG. Claiming they are saying “take drugs” ... by Patrick * In reply to Edward Burke. (Read “ability” in the first ... by Edward Burke * In reply to Greg. He keeps using the term “I”. What is I? by Alan * One distinct advantage of psychedelic consumption is that you ... by Edward Burke * In reply to Ricky. Has the Earth been proven round yet Ricky? ... by Paul* * Plus 10 more...
New orders at the country’s engineering companies, long a bellwether for the health of Germany Inc., have been dropping like a stone, falling 10 percent in May alone, the eighth consecutive decline. Similar weakness is apparent across the German economy, from construction to chemicals. Foreign interest in Germany as a place to invest is also receding. The […]
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Related Stories* The disinflation as American triumph
- How the NSF Moved Faster than the NIH During COVID-19
- The EJMR doxxing issue
Well, you know how the story ends so there are no real spoilers. I will say I found about thirty minutes of excellent movie in a three hour experience. The best material starts when the test bomb goes off. There is remarkably little about the social, intellectual, or scientific excitement at Los Alamos — a […]
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Comments In reply to michael. “The Rest of History” Podcast with ... by michael * Is it swing band music? by rsm * if anyone is interested in an actually interesting story about ... by michael * Seeing it tomorrow in IMAX, hoping for the best. I'm not a huge ... by Hadur Related Stories Mission Impossible 7 (no real spoilers) * Los Alamos From Below
- Oregon drug decriminalization is not going as well as expected (Atlantic). 2. The future of Eden Center in Falls Church. 3. “This is a game that tests your ability to predict (“forecast”) how well GPT-4 will perform at various types of questions.” 4. Why are so many kosher restaurants so bad? 5. “…a pre-registered […]
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Comments In reply to OutHere. Why do I feel more at home in a homeless ... by rsm * In reply to Reason. What if sleeping indoors makes me ... by rsm * In reply to OutHere. The Left does suck. It's true. But ... by Reason * In reply to PHinton. 《With these two pieces in place, you ... by rsm * In reply to mkt42. I suspect that Daniel J. Hopkins & Tori ... by Reason* * Plus 10 more...
A decade earlier, the U.S. Defense Department, guided by the surveys of American government geologists, concluded that the vast wealth of lithium and other minerals buried in Afghanistan might be worth $1 trillion, more than enough to prop up the country’s fragile government. In a 2010 memo, the Pentagon’s Task Force for Business and Stability […]
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Comments In reply to mikeInThe716. What would Kashogi say? by rsm * In reply to BC. Were native americans smarter to just leave ... by rsm * I'm so happy for them, they found their friends. They're in ... by nf * In reply to Chimela Caesar. I assume because there has been a ... by Well * In reply to hype train. Why is Afghanistan missing on your ... by Chimela Caesar* * Plus 10 more...
The only summary I have seen is from Karlstack, noting that he is siding against the doxxers and has defended EJMR in the past. Most of the people who care already know the details, so I won’t repeat them. I will however add a few observations: 1. I don’t read EJMR, so however bad it […]
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Comments Thanks for posting this Tyler. You do well to question the ... by Weirdo * In reply to Context is that which is meaningless?. “ Pretty ... by JSK * In reply to David Khoo. I doubt they will get in legal ... by Famulus * In reply to david. Agreed. 'What is EJMR?' was my first ... by MrSquiggles * What if normies are the real mentally ill, like epicyclists ... by rsm * Plus 10 more... Related Stories The disinflation as American triumph * Austin Vernon on electric vehicles > hybrids * Mental health and European economics departments
From an excellent feature article from The Economist: It is far from clear such [manufacturing] jobs can be brought back—no matter how much governments spend. For a start, the manufacturing wage premium has fallen sharply. Production workers’ wages in America now lag behind those of similar service-sector workers by 5%. Moreover, the sort of high-tech […]
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Comments To be fair, as it seems to me the goal is to have stuff with ... by William Woody*
- Sam Bowman on UK catch-up growth. 2. A Grazie Sophia Christie essay. On envy, but many other things too. 3. Och Modr ich well ein Ding han (Brahms, can you follow the Kölnisch dialect?) 4. Arnold Kling on The Overhead Revolution. 5. The normalization of nuclear discourse in Russia. 6. Astral Codex Ten on […]
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Comments In reply to Some Toronto guy. I haven't read the whole thing ... by Tom T. * In reply to Dismalist. I assume most people in this comments ... by Anonymous * In reply to Andy Marksyst. Funny, because you use the ... by Anonymous * In reply to Andy Marksyst. Funny, my mother was the first ... by Dismalist * In reply to G. I'm not a sinner. I'm perfect. My mom told me ... by Andy Marksyst* * Plus 10 more...
That is the theme of my latest Bloomberg column, score one for the Quantity Theory as well, here is one excerpt: Enter the notion of “credibility.” A long-standing tradition in macroeconomics, sometimes called rational expectations, suggests that a truly credible central bank can lower inflation rates without a recession. If the central bank announces a lower […]
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Comments In reply to PHinton. How old are the laws against murder? ... by steve * In reply to Formerly K. > This is called deflection, and it's ... by PHinton * In reply to Dr. jose X biden junios-alsatian, ph.d. What if ... by M * In reply to rsm. When excesses emerge, the market eventually ... by Andrew * In reply to PHinton. Tyler is a paid propagandist for the ... by DeQuan * Plus 10 more... Related Stories How the NSF Moved Faster than the NIH During COVID-19 * Austin Vernon on electric vehicles > hybrids * Mental health and European economics departments
From my email, I will not indent but please note this is all from Austin: “I don’t agree with electric vehicle mandates or subsidies, but the recent push against pure battery electric vehicles from free market commentators is bizarre. The arguments against them because of mineral shortages, battery shortages, or manufacturing emissions completely abandon free […]
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Comments In reply to surfie. The Tesla Model 3 or Y’s battery ... by Fazal Majid * In reply to Plug in charger, not household. Oddly enough, it ... by Plug in charger, not household * In reply to Steve Sailer. On my street in London every other ... by Fazal Majid * In reply to Crikey. It seems like the best time to recharge ... by Steve Sailer * From what I gather, Toyota is betting on Hydrogen. I'm very ... by What about Hydrogen? * Plus 10 more... Related Stories Mental health and European economics departments * The politics of neuroticism and unhappiness * Matt Yglesias on European politics
We study the mental health of graduate students and faculty at 14 Economics departments in Europe. Using clinically validated surveys sent out in the fall of 2021, we find that 34.7% of graduate students experience moderate to severe symptoms of depression or anxiety and 17.3% report suicidal or self-harm ideation in a two-week period. Only […]
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Comments Tenured faculty are a lot less likely to be anxious than ... by Dismalist * In reply to Not Zach Goldberg. Maintaining their delusions ... by EdR * In reply to Mark T. Sorry, here is its link ... by Mark T * Relatedly, I came upon this interesting Substack article: ... by Mark T * Well, what do you expect? They are mostly liberals. by Not Zach Goldberg Related Stories How the NSF Moved Faster than the NIH During COVID-19 * On white flight (from the comments) * Intergenerational transmission of mental health problems
- LLM models and digital public goods. 2. C. Tangana Tiny Desk concert. 3. Fiona Scott Morton drops out. 4. Benjamin Franklin’s paper money innovations. 5. Mark Perry retired professor one-man mission. 6. The new Macca podcast. 7. Dan Wang essay on China and tech.
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Comments In reply to Lord Action. And not just openness and freedom, ... by sxb * In reply to Anon. I feel the same about all the poptarts ... by Some Toronto guy * In reply to Justin Chang. Not just for Chinese citizens . The ... by sxb * #1 This is a crucial problem. Maybe we are not too far away ... by luzh * In reply to Justin Chang. If I were a Chinese parent, I'd be ... by Lord Action* * Plus 10 more...
Mass incarceration fundamentally altered the life course for a generation of American men, but sustained declines in imprisonment in recent years raise questions about how incarceration is shaping current generations. This study makes three primary contributions to a fuller understanding of the contemporary landscape of incarceration in the United States. First, we assess the scope […]
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Comments yo this week in postmodern gender theory history -“more ... by community notes * It's possible that mass incarceration benefitted rather than ... by Ted Craig * In reply to Todd K. We know who committed the crime; they're ... by A Harmless Hornytoad * In reply to Scott Mauldin. Looks like three manifestations of ... by Anti-Gnostic * In reply to Larry Siegel. “when some other event happened, ... by Scott Mauldin * Plus 10 more... Related Stories China estimate of the day * The politics of neuroticism and unhappiness * Matt Yglesias on European politics
Here is one way to access it, so what do you all think?
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Comments I asked it to explain the themes of the works of Jack Vance, ... by Prester John * I asked for directions to nearby hiking from a hotel and ... by Janis Lyons * What is Gersham's Law? I apologize, but there is no such ... by nemo * In reply to Mort Dubois. It's everything I expected, and ... by well, yeah * WTF … Louis XIV didn't have a father ! but he had a ... by Holmes * Plus 10 more... Related Stories Shakked Noy and Whitney Zhang on the productivity effects of LLMs * Against human-AI collaboration * Peter Isztin on the incidence of AI
2/ …the increasing ideological differences on these measures are far larger and more numerous pic.twitter.com/UTl87O1wtS — Zach Goldberg (@ZachG932) July 14, 2023 I’ve said this before, but the evidence for the proposition continues to mount: current political debate in America cannot be understood without the concept of neuroticism — as a formal concept from personality […]
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Comments In reply to Engineer. There's reasons why engineers are ... by Neurotic * In reply to Crusader. Their ire is only somewhat misdirected. ... by klk * As a conservative I'd love to just say “haha libs are ... by Juice * Neuroticism does not lend itself to intelligent analysis of ... by MB * In reply to So Much For Subtlety. With the same conviction of ... by You repeat that statement about conservative women * Plus 10 more... Related Stories Progress * Matt Yglesias on European politics * On white flight (from the comments)
The deeper reason, though, is that Europe has kind of killed off politics. So much power now rests at the EU level, but the EU doesn’t conduct a recognizable form of democratic politics. Voting for the European Parliament has what David Schleicher terms a “second-order” pattern, where Spanish voters will cast their votes in the European […]
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Comments Actually, this appears to have been Matt Y's weekly free post. by (Not That) Bill O'Reilly Related Stories How the NSF Moved Faster than the NIH During COVID-19 * Why Singaporean democracy is like a social media graph * Singapore has less policy accumulation
- Inside the underbelly of Karachi. 2. “My glimpsed personal highlight of the conference was spotting Tyler Cowen and Ian Leslie discuss the Beatles and have 2 minutes listening in to them.” Benjamin Yeoh on the Civic Future Progress Summit. 3. Maxwell Tabarrok on NSF > NIH during the Covid crisis. 4. Chat GPT as […]
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Comments In reply to Justin Chang. If one is conscientious enough to ... by Etalon d'Silomar * In reply to Justin Chang. It's not so much childcare but ... by steve * 4. Robotic surgery made its mark in gynecology, including ... by rayward * In reply to Rahul. Yes, reading it, I was reminded of the ... by sxb * In reply to BlueSilverWave. At $400k, most of your income is ... by H* * Plus 10 more...
The NSF is a much smaller organization than the NIH but during the pandemic it moved more quickly. Why? Maxwell Tabarrok explains: The NSF relied on its special congressional authority to skip peer review to bootstrap its pandemic-related granting. Two pre-existing programs which use this authority enabled the NSF’s speedy response. The RAPID (Rapid Response […]
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Comments That smaller organizations are more nimble is a boring cliche, ... by What 'but'? Related Stories Art market fractionalization * NBA (CEO) fact of the day * Bottlenecks and the productivity slowdown
1) Working from Home (WFH) has powered a huge boom in golfing 2) Golfers are playing more golf on weekdays, for example 143% more on Wednesday in 2022 vs 2019 3) Golfers are playing more mid-afternoon, for example 278% more on Wednesday 4pm in 2022 vs 2019 Here is more from Alex Finan and Nick […]
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Comments There’s an ancient biblical, “Never hire a guy who’s ... by Crusader * Fore! by I sense another 100+ upvote Sailer post coming up Related Stories NBA (CEO) fact of the day * Wemby
Christopher Clark, Revolutionary Spring: Fighting for a New World 1848-1849. The new go-to book on this topic, magisterial on the lead-up causes and later on the international influences and contagions. Will make the year’s best non-fiction list. Fearghal Cochrane, Belfast: The Story of a City and its People. A wonderful book on this most underrated […]
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Comments Before the Anon guy comes in and says “Tyler doesn't actually ... by In * Anupam B. Jena and Christopher Worsham, Random Acts of ... by MikeP * No one is more broadly read than Tyler. by Another fantastic list Related Stories My excellent Conversation with David Bentley Hart * Central Notions of Smithian Liberalism * Germany in the World
From an email sent to me by The Art Newspaper: Fractionalisation and tokenisation of art are all the rage. While the notion of unlocking the value in an artwork by selling shares in it has been around for over a decade, a slew of new initiatives is taking it to an explosive new level. Among […]
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Related Stories* NBA (CEO) fact of the day
- Bottlenecks and the productivity slowdown
- Markets in everything those new service sector jobs body doubling edition
Eh. It has some good scenes, but there was no movie in the movie, as they say. I do understand this is a film and also a visual event, but the evil AI should have been kept abstract, rather than visualized in such a corny, stupid fashion. That reminded me of Hitchcock’s Spellbound, which is […]
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Comments In reply to Rosie. Amazing Soup Shells, casings, dirt and ... by Equestrian * In reply to EdR. Prepare for Barbenhiemer by Rosie * The thing I find amazing is that the only thing that connects ... by JohnD * In reply to Equestrian. This was better than normal ... by L * Long action movies that are only part 1 can work: see the ... by Bob * Plus 10 more... Related Stories Los Alamos From Below * My excellent Conversation with Reid Hoffman
- Rasheed Griffith interviews Anton Howes on the Caribbean, Japanese toilets, and much more. 2. Puffin photo. 3. The economic life of cells? 4. Harvey Mansfield retires. 5. Good profile of BAP. In my view, the so-called “New Right” needs to learn to live with feminization, one way or another. I think of BAP as […]
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Comments 5. This person sound suspiciously like our very own Thaigo ... by Hazel Meade * In reply to Endymion. A lot of it was annoying summary and ... by Anonymous * Hmmm. Another guy going on about real men, being warriors, ... by Steve * In reply to Rich Berger. That's true enough of QAnon but if ... by Matt * In reply to Justin Chang. Pretty much a fair description of ... by M* * Plus 10 more...
“there are now more NBA players with $30 million annual salaries than CEOs of S&P 500 companies who are guaranteed that much.” Here is further information.
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Comments True. No Cap would likely LOWER the number of $30mm contracts. ... by Mike G * Your periodic reminder that superstars in the NBA are ... by Patrick M. * Is the coefficient of individual performance on team/company ... by chrisare * In reply to hendrick. … government politicians have a ... by Jump Ball * In reply to rayward. Recall that it was none other than Paul ... by rayward * Plus 5 more... Related Stories Bottlenecks and the productivity slowdown * Markets in everything those new service sector jobs body doubling edition * Shopify is a Great Company!
Now published in Science: We examined the productivity effects of a generative artificial intelligence (AI) technology, the assistive chatbot ChatGPT, in the context of midlevel professional writing tasks. In a preregistered online experiment, we assigned occupation-specific, incentivized writing tasks to 453 college-educated professionals and randomly exposed half of them to ChatGPT. Our results show that […]
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Comments I think the overall productivity effects can be overstated ... by Andy Related Stories Peter Isztin on the incidence of AI * On white flight (from the comments) * Against human-AI collaboration
Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US productivity growth has been disappointing since the 1970s. We propose and empirically explore the hypothesis that slow growth stems in part from an unbalanced sectoral distribution of innovation over the last several decades. Because an industry’s success in innovation […]
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Comments Yeah, makes sense. Worth digging in and finding which sectors ... by Keith Related Stories Markets in everything those new service sector jobs body doubling edition * Shopify is a Great Company! * The Brazil Tax
- Sriram Krishnan on how the world of social media is changing rapidly (NYT). 2. My Spectator podcast with Kate Andrews on the British economy. 3. Peter Coy suggests that hybrids may be better than electric vehicles (NYT). 4. Social paradoxes about status. 5. Which philosophy book changed your life?
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Comments In reply to Rebes. I would say many books changed my life in ... by sxb * In reply to Cytotoxic. “Civil Engineering Report Says More ... by Lord Action * In reply to M. (1) Limitations on the supply of basic ... by Lord Action * 5) Hegel and the Hermetic Tradition by Glenn Alexander Magee ... by Smithers * In reply to Lord Action. You left out the part where the ... by Cytotoxic* * Plus 10 more...
French ministers lashed out Thursday at the European Commission for picking a U.S. professor for a top antitrust job overseeing U.S. Big Tech firms. France’s Europe Minister Catherine Colonna said she was “astonished” by the choice of Fiona Scott Morton as chief competition economist, “which deserves to be reconsidered by the Commission.” Digital Minister Jean-Noël Barrot said the Commission […]
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Comments In reply to dearieme. America is growing increasingly ... by Hell, Obama is easy to top * In reply to rayward. what does she know about europe? ... by test * In reply to Quantity is what counts, not quality. It's good ... by dearieme * Yes, she is a critic of the Chicago School's anti-trust view, ... by rayward * In reply to Quantity is what counts, not quality. “I am ... by blue jay * Plus 4 more... Related Stories States rights tortoise nationalism is the worst tortoise nationalism * China estimate of the day * Jeremy Howard on AI Safety and the Age of Disenlightenment
Consultant Micha Goebig scrolled through her phone to find receipts and bill clients while on her home computer on Friday afternoon. Nine strangers quietly watched her on a video link while also doing their own solo work. The small group was gathered online by Flow Club, a subscription service that says it can help home-based workers stay […]
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Related Stories* Shopify is a Great Company!
- The Brazil Tax
- A new rating agency for stablecoins
What makes for the magic of Paul Graham? Here is one short excerpt from a new essay by Tony Kulesa: Therefore one could summarize YC’s structure as: Invest in young, smart, energetic, and determined hackers Give them enough money to pay for living expenses, but not much more Give them a few months to build […]
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Comments In reply to ralph. The question is if you can be happy, have ... by Anonymous * In reply to Phil S.. People have different tolerances for ... by ralph * OT: Tyler's case is settled. The new question is Alex's ... by Chimela Caesar * Someone should study the long term eg 10 to 15 year trajectory ... by Rahul * This model works great for the digital ideas eg AI, IT, ... by Rahul* * Plus 2 more...
1.The cost of trade in books — EU to UK — is rising. 2. “The results suggest an intent-to-treat effect of 0.17 years higher longevity as a result of prohibition. A back-of-an-envelope calculation suggests a minimum treatment-on-treated effect of 1.7 years impact.” Link here. 3. Why did nuclear flop in Britain? 4. MIE: “121-year-old Cadbury […]
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Comments In reply to Manly Man. This is why you need a therapist with ... by Heedless * In reply to M. Insofar as “love is war”, founded on the ... by Anonymous * In reply to Anonymous. Btw, in that sense, the Japanese are ... by Anonymous * In reply to M. As a general point women do seem to often be ... by M * In reply to Blackthorne. Fundamentally everyone focused on ... by Anonymous* * Plus 10 more...
Bloomberg: Time is money, and Shopify Inc. wants its workers to understand that maxim applies to pointless meetings, too. The Canadian e-commerce company has rolled out a calculator embedded in employees’ calendar app that estimates the cost of any meeting with three or more people. The tool uses average compensation data across roles and disciplines, […]
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Comments Easy to look at meeting from the standpoint of costs, which are ... by Joe Bush * Let's have a Meeting in this Comment section to Discuss ... by Bill Related Stories The Brazil Tax * A new rating agency for stablecoins * Peter Isztin on the incidence of AI
You can’t bequeath them to just anyone. Veronica Tomlinson, 52, had thought about leaving Walter, a 24-year-old desert tortoise, to East Coast relatives if she and her husband died first. But state laws prohibit people from moving desert tortoises out of the state where they were adopted. The Tomlinsons, of Las Vegas, have instructions in their will […]
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Comments Sounds like A state law That prohibits you From traveling ... by Bill * Great by Jai Cottrell * Tortoises all the way down. by dearieme * “But state laws prohibit people from moving desert tortoises ... by Chimela Caesar * Moving indigenous animals and plants to places they aren't can ... by rayward * Plus 3 more... Related Stories China estimate of the day * Jeremy Howard on AI Safety and the Age of Disenlightenment * Why the NYC congestion pricing plan is bad
Are whites fleeing from Asian-heavy California public schools? One recent paper suggested maybe so, but abc raises some doubts: I don’t want to dismiss the paper out of hand, as I have seen time and again the challenges communities face both in and outside of the school setting in accommodating demographic change. However, I don’t […]
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Comments In reply to Steve Sailer. Most places in the mainstream ban ... by Cowen makes it easy for you * In reply to Steve Sailer. Easily half of Tyler's racist ... by Such becoming modesty * In reply to Steve Sailer. This is one you may be wrong on, at ... by Fat brad * In reply to Phil S.. I guesstimate 5%-10% of Marginal ... by Steve Sailer * In reply to Steve Sailer. After California voters in 2020 ... by Steve Sailer * Plus 7 more... Related Stories Intergenerational transmission of mental health problems * Peter Isztin on the incidence of AI * Can the School Choice Movement Liberate Childhood?
From a new NBER working paper by Nikhil Agarwal, Alex Moehring, Pranav Rajpurkar, and Tobias Salz: Radiologists do not fully capitalize on the potential gains from AI assistance because of large deviations from the benchmark Bayesian model with correct belief updating. The observed errors in belief updating can be explained by radiologists’ partially underweighting the […]
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Comments I'd continue collaboration and tweak the IA until they bugs are ... by TMC * Hospitals that incorporated IBM’s Watson product into their ... by WYSIATI * Does this imply TC’s been using Google Bard instead of GPT-4 ... by Matt * At least some humans are blessed to be good enough to work with ... by Thanks be the maker * It's a little like someone from 1905 saying the data shows ... by Pipsterate Related Stories Intergenerational transmission of mental health problems * Peter Isztin on the incidence of AI * China estimate of the day
- Bhutan has been mining bitcoin. 2. Dwarkesh interviews Andy Matuschak on how to learn (and other things). 3. AI measures the value of different chess squares. 4. Soil quality and state capacity? 5. Goldman-Sachs report on the economics of generative AI. 6. Filipino-Americans outearn both Japanese-Americans and white Americans.
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Comments In reply to sxb. My impression is that good humans play chess ... by Lord Action * In reply to asdf. Filipino nurses are present many places ... by steve * #3 and #6 Ray Lopez, paging Ray Lopez. Ray Lopez to the white ... by Sightline * In reply to Rahul. I feel the same way when I watch films ... by Etalon d’Silomar * In reply to M. I am having trouble finding the female/male ... by Torn* * Plus 10 more...
The tax on technology in Brazil is absolutely insane. I had a friend from Brazil visit me in NYC recently. He flew here to buy a Macbook. It was cheaper for him to buy a round-trip ticket to NYC, buy the laptop here, and fly back than it was to buy it in Brazil. WTF? […]
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Comments My company used to own a Brazilian hedge fund. The founders ... by John Hall * Why though? Surely the country would be better off with more ... by hmm Related Stories A new rating agency for stablecoins * Peter Isztin on the incidence of AI * U.S.A. fact of the day
We estimate health associations across generations and dynasties using information on healthcare visits from administrative data for the entire Norwegian population. A parental mental health diagnosis is associated with a 9.3 percentage point (40%) higher probability of a mental health diagnosis of their adolescent child. Intensive margin physical and mental health associations are similar, and […]
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Comments In reply to So Much For Subtlety. “The basis of shame is ... by Equestrian * But he never betrays what he thinks….WWW.SALRY by meyoma * “A parental mental health diagnosis is associated with a 9.3 ... by dearieme * In reply to Chimela Caesar. You think it's common that people ... by G * In reply to So Much For Subtlety. I went back to the doctor ... by Rich Berger * Plus 8 more... Related Stories China estimate of the day * The Birth-Weight Pollution Paradox * The order of spousal names on tax returns
The Singaporean polity is far more democratic than most underinformed outsiders realize. Nonetheless it is frequently observed that the same party — PAP — keeps on winning elections. Furthermore, there is an extreme method of gerrymandering, so PAP might win sixty percent of the vote and end up with ninety percent or so of the […]
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Comments In reply to Not completely equivalent. Hamburg, Bremen, and ... by Larry Siegel * monopoly is democratic, [as there is “no other game in ... by In short, * Democracy = getting what you want and not getting what you ... by Dino the Isaurian * All of Asia doesn’t have very competitive elections. You ... by Asdf * In reply to Paul. Hamburg, Bremen, and Berlin are also city ... by Not completely equivalent * Plus 4 more... Related Stories Singapore has less policy accumulation * My excellent Conversation with David Bentley Hart * Toward a theory of military loyalties
Today we launch Bluechip, an independent, nonprofit stablecoin rating agency. We give 15 major stablecoins Economic Safety Ratings, letter grades from A+ to F. Nobody gets an A+, but there are 5 Ds and 1 F. Tell us what you think:https://t.co/tfRKGyYE7k pic.twitter.com/s8LMvcz5oI — Garett Jones (Bluechip Launch 7/13, Noon ET) (@GarettJones) July 13, 2023
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Comments In reply to jl. I noticed a humanoid dog in a space suit on ... by Etalon d’Silomar * I notice that the ratings director listed in the “About” ... by jl * In reply to mkt42. And I forgot to notice that Garrett Jones ... by mkt42 * In reply to Derek Jones. Could be. Geez, it should be called ... by mkt42 * In reply to maskedswedishcannibals sven/svens. ECON books may ... by Chuck Kotlarz * Plus 9 more... Related Stories Peter Isztin on the incidence of AI * U.S.A. fact of the day * Can the School Choice Movement Liberate Childhood?
…we find that Singapore (1) has only produced about one-fourth of the environmental policy measures of an “average” democracy and (2) is constantly the country with the lowest level of policy accumulation in our sample. These findings hold even when controlling for alternative explanations, such as the effectiveness of the administration and the government’s ability […]
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Comments In reply to JT. Null hypothesis is right… by MikeP * Duh. Singapore has no dirty industry (such as manufacturing) to ... by rayward * Did they include it being a tiny city state with limited ... by John * These findings hold even when controlling for alternative ... by MikeP * -Take a skillet -Spray some pam -mix in free markets and ... by KP * Plus 2 more... Related Stories My excellent Conversation with David Bentley Hart * Toward a theory of military loyalties * Canada is Poaching US Talent!
- The Gambia. 2. Do all painters paint themselves? 3. The Roots of Progress is supporting new blog builders. 4. Microdosing alcohol? 5. Is solving aging a possible solution to the underpopulation crisis? 6. Is Elon trying to build “AI for math”? And more on that question.
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Comments In reply to Rebes. Depends completely on the teams involved. ... by Bob * In reply to magilson. Is it humanist to declare “I've met ... by M * In reply to M. @sxb, yeah, I think in terms of what I means ... by M * In reply to M. One clear goal would be to take a math paper ... by AW * In reply to M. Notable in the initial hires is Szegedy. So ... by Mario Shadi* * Plus 10 more...
This short paper considers the effects of artificial intelligence (AI) tools on the division of labor across tasks. Following Becker and Murphy (1992) I posit a “team” with each team member being assigned to a task. The division of labor (that is, the number of specialized tasks) is here limited not only by the extent […]
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Comments if you need to see the dean o' diversity drop the machete & ... by community notes * OT Can ChatGPT make logical inferences? by Floccina * My assumption is that if the paper summary is written in opaque ... by Ricky * In reply to So Much For Subtlety. Relevant: “CEO Relieved ... by dan1111 * In reply to JFA. Right, I'm still trying to reconcile how ... by mkt42 * Plus 4 more... Related Stories Can the School Choice Movement Liberate Childhood? * U.S.A. fact of the day * Thinking about congestion pricing in terms of the quantity dual
Here is the audio, video, and transcript. Here is the episode summary: David Bentley Hart is an American writer, philosopher, religious scholar, critic, and theologian who has authored over 1,000 essays and 19 books, including a very well-known translation of the New Testament and several volumes of fiction. In this conversation, Tyler and David discuss […]
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Comments In reply to Merit. Western theologians have come pretty close ... by A.G.McDowell * “Fools mock but they shall morn” (Ether 12:26) by The Book of Mormon * „At its best, Orthodoxy has cultivated a spiritual life that ... by Merit * You missed the chance to really tick him off by pointing out ... by David Cramer * But the simplest way to explain how Orthodoxy (and ... by It may be a bit indelicate Related Stories My excellent Conversation with Reid Hoffman * All Desire is a Desire for Being * Toward a theory of military loyalties
A critical element in civil wars is military fragmentation. Yet, we have a limited understanding of why military elites fight in civil wars and on what side. In this article I develop a theory of the economic and professional motivations of military elites. I test this theory using the case of West Point graduates in […]
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Comments Theory might work for the American Civil War, but since every ... by j mct Related Stories Los Alamos From Below * Germany in the World * Income inequality in the Aztec empire
Do I dare say it? Transitory inflation for the win? https://t.co/E4g9OaO8Gw — David Beckworth (@DavidBeckworth) July 12, 2023 Monetarism and break even rates, however imperfect they may be in some regards, should rise in status as well.
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Comments In reply to mkt42. If we get out of this with no recession ... by Cancelled for wongthink * In reply to Bill. Fake Bill at 2023-07-12 14:32:47 by Bill * Yeah, sure, the Great Depression was also transitory then, it ... by Larry * In reply to rsm. In the long run. Some of that will be eaten ... by George Oh-Well * In reply to rayward. I went back to the gym where an ... by Equestrian * Plus 10 more... Related Stories Can the School Choice Movement Liberate Childhood? * Michael Howard on Kenya * Thinking about congestion pricing in terms of the quantity dual
- More Okie-Dokie. And some RFK Okie-Dokie. 2. Paul Robinson podcast on Russian liberalism. And Classical Liberalism by Country, Volume III, is now out. 3. Nabeel’s notes on puzzles. 4. Do “multiple selves” adapt more quickly? 5. Markets in everything: People are paying to break printers with sledgehammers in smash rooms. 6. Claude 2 is now […]
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Comments In reply to Jason Dunne. What is with Israelis? They are like ... by Anon * In reply to Lord Action. No – I mean due diligence about ... by Justin Chang * In reply to RAD. It’s good to have competition, we agree on ... by sxb * In reply to RAD. I try to keep comments objective and not ... by MikeP * In reply to steve. I have been pretty disturbed to find that ... by mike* * Plus 10 more...
Richard Hanania has a very good post on the rapidly expanding school choice movement and his hopes for a radical rethinking of education. The first thing to point out about public education is that it involves an extreme restriction of liberty beyond anything we usually accept. How common is it for government to force you […]
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Related Stories* Michael Howard on Kenya
- Markets in everything those new (Japanese) service sector jobs
- The Running Seminar
Ask a YIMBY person: “What about the extra traffic from all those new people moving in? Won’t the ambulance arrival times be slower? Won’t the air pollution be worse? Won’t….?” and you will get a reassuring answer that a) yes there will be some problems but they can be managed by other means, and b) […]
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Comments I'd like you to respond to Scott Sumner's post at EconLog. ... by TGGP Related Stories Michael Howard on Kenya * The Birth-Weight Pollution Paradox * Why the NYC congestion pricing plan is bad
The paper’s title is “The Largest Insurance Expansion in History: Saving One Million Lives Per Year in China”: The New Cooperative Medical Scheme (NCMS) rolled out in China from 2003-2008 provided insurance to 800 million rural Chinese. We combine aggregate mortality data with individual survey data, and identify the impact of the NCMS from program […]
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Comments I have questions. ... by George Oh-Well * Seeing doctors doesn't increase life expectancy. The causation ... by sxb Related Stories The order of spousal names on tax returns * Vaccination sentences to ponder * Jeremy Howard on AI Safety and the Age of Disenlightenment
- A skeptical view of the economics of Threads. I am more optimistic, believing it is possible to grow total engagement. 2. More reasons why freezing your head won’t work. 3. Data on forecasting existential risks. A Tetlock project. 4. The Pequod rates books, core book reviewing web site here. 5. “On the Importance of […]
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Comments In reply to James N. Markels. I was under the I guess ... by peri * In reply to sxb. Are you suggesting that Twitter is a forum ... by Hazel Meade * 2. I could have told you that. And this is relevant to why ... by Hazel Meade * In reply to Some Guy. Worked fine, but considering the ... by Let me check * In reply to Lord Action. Boeing can also easily put employees ... by (Not That) Bill O'Reilly* * Plus 10 more...
Proposals for stringent AI model licensing and surveillance will likely be ineffective or counterproductive, concentrating power in unsustainable ways, and potentially rolling back the societal gains of the Enlightenment. The balance between defending society and empowering society to defend itself is delicate. We should advocate for openness, humility and broad consultation to develop better responses […]
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Comments Jeremy Howard on… … rolling back the societal gains of ... by MikeP * Thanks for the link! The introduction in the “ Open source, ... by Reason * Took ten minutes to drive two miles in Bethesda MD last night ... by ThatsNotAll * In reply to rayward. Agreed. A kindred spirit. It – this ... by Antony T * In reply to So Much For Subtlety. The dangers of nuclear ... by Slocum * Plus 10 more... Related Stories Why the NYC congestion pricing plan is bad * How is Portuguese drug decriminalization going? * Regulating Transformative Technologies
With cyclical and Covid-related variations, of course, Kenya has been running a 5%+ GDP average annual growth rate for two decades. Since 1994, South Africa’s has, with an average of 2.4% per annum, not achieved half that. The contrast in performance is even more stark since 2011: in that year, South Africa’s GDP was 10.2 […]
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Comments Literally 2 seconds too late, because truly, Kenya sounds like ... by Damn it * Wow! Almost like the new Ethiopia, but better! The next ... by Anon Related Stories Markets in everything those new (Japanese) service sector jobs * The Birth-Weight Pollution Paradox * Why the NYC congestion pricing plan is bad
Asian Americans are the fastest-growing racial group in the US but we know little about how Asian immigration has affected cities, neighborhoods and schools. This paper studies white flight from Asian arrivals in high-socioeconomic-status Californian school districts from 2000-2016 using initial settlement patterns and national immigrant flows to instrument for entry. We find that, as […]
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Comments Harvard having quotas for Jews = bad Harvard having quotas ... by Zote Related Stories The Running Seminar * My podcast with Jon Hartley * Alexey summarizes the advice he hears me give people
- Bhutanese leaving for Australia. 2. Uri Geller update, and Uri Geller as hoarder (NYT). 3. AI translates Akkadian tablets. And the latest capabilities of GPT-4. 4. Guam (NYT, a very good piece). 5. Wemby up to 27 points for his second Summer League game. 6. Sri Lankan speculative fiction.
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Comments In reply to rayward. I dunno Ray, I use a ChatGPT app at work ... by EdR * > If Mr. Geller can’t actually bend metal with his brain — ... by luzh * In reply to Steven. Democratic party media outlets like the ... by Anon * In reply to Hazel Meade. Would it not raise the stakes for ... by M * “2. Uri Geller update, and Uri Geller as hoarder (NYT).” ... by mkt42* * Plus 10 more...
Maxim Massenkoff asks a very good question. If pollution reduces birth weight as much as the micro studies on pollution suggest, why aren’t birth weights very low in very polluted cities and countries? Figure 1, for example, shows birth weights in a variety of highly polluted world cities. The yellow dashed and blue lines show […]
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Related Stories* Why the NYC congestion pricing plan is bad
- Markets in everything those new (Japanese) service sector jobs
- The Running Seminar
I am seeing some critical comments on my latest column, mostly from people who are not reading it through, or in some cases they are making basic mistakes in economics. Let me start with part of my conclusion: I suspect that I could endorse a properly targeted version of congestion pricing for Manhattan, for instance, […]
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Comments Manhattan is very busy at night and on weekends too. The ... by xiugad * “domestic time in Long Island” ” … on Long Island” by Zoroto * You are correct about the economics, but are missing the bigger ... by Rando * Try it and you might like it. ... by Nick Janusch * “A second line of responses (Erik B. and Alex) suggests that ... by John McDonnell * Plus 2 more... Related Stories Markets in everything those new (Japanese) service sector jobs * The Running Seminar * How is Portuguese drug decriminalization going?
Certain tech bosses are notoriously temperamental – so much so that conflict-averse folks have been known to put in their notice while the execs are on leave. But some Japanese employees have taken this a step further – actually employing an agent to quit their job for them. The idea is to extricate themselves from […]
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Related Stories* Stephen King on inflation targets
- The Running Seminar
- My podcast with Jon Hartley
- Henry Oliver on Bleak House, one of the few serious candidates for greatest novel ever. 2. Human and dolphins video. 3. Arnold Kling links to consider. 4. Does cognitive proficiency predict skill with guns? 5. Cow compensation for the Maasai. 6. Jason Crawford looks at power-seeking and alignment issues.
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Comments In reply to steve. This is true, it's possible that at least ... by Formerly K * In reply to Formerly K. I think therefore I am. Again, the ... by the king of texas * 4. It's hardly surprising that cognitive ability correlates ... by mikeInThe716 * In reply to rsm. I think it's believable that it makes a ... by steve * In reply to sxb. Humans lost the tail Hominids, including ... by RAD* * Plus 10 more...
Olivier Blanchard on Stan Fisher: For a number of years, the informal thesis seminar was replaced by a running seminar, in which thesis students would run with Rudi and Stan around the Charles River. One of us would be asked to present his or her work while running. When the argument became too involved, Rudi […]
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Related Stories* My podcast with Jon Hartley
- Alexey summarizes the advice he hears me give people
- How will artificial intelligence affect real interest rates?
In this paper, we use two field experiments to study how AI recruitment tools can impact gender diversity in the male-dominated technology sector, both overall and separately for labor supply and demand. We find that the use of AI in recruitment changes the gender distribution of potential hires, in some cases more than doubling the […]
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Comments In reply to Rahul. … even more cutesy and condescending to ... by Riegel * In reply to Horhe. The risk neutral probability density for ... by The king of texas * This is a blind auditions paper. A language model is one ... by Cyrus * What about gender diversity in female dominated fields? Or in ... by Horhe * In reply to Oli. Thank you Oli, your words mean a lot to me. ... by Benjamin Shot* * Plus 5 more...
Is there fatigue with the experiment?: Portugal decriminalized all drug use, including marijuana, cocaine and heroin, in an experiment that inspired similar efforts elsewhere, but now police are blaming a spike in the number of people who use drugs for a rise in crime. In one neighborhood, state-issued paraphernalia — powder-blue syringe caps, packets of […]
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Comments You libertarians have gotten everything you have been whining ... by Paul Wall * Show me the numbers! by Neurotic * We need a middle ground between decriminization and ... by North * > For a while the experiment seemed to be working So, what ... by Jacopo * In reply to Andrew. Could you define 'abuse drugs' for me? ... by Rick Stewart * Plus 7 more... Related Stories The order of spousal names on tax returns * Nigeria reform of the day (again) * My excellent Conversation with Reid Hoffman
Just out, by my colleague Daniel B. Klein, I have not yet read it. It is described as follows: Central Notions of Smithian Liberalism explores notions jural, political, and economic. The author does intellectual history as a way of theorizing—that is, to advance political theory, jural theory, moral theory, social theory, economic theory. The author treats […]
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Related Stories* *Germany in the World*
- What could be more self-recommending than this?
- Who first declared that God is dead?
- Brian Potter on titanium. 2. Finland’s Åland Islands? 3. Las Vegas now has the world’s largest spherical structure? 4. IIT branch to open in Zanzibar. 5. Okie-Dokie. 6. A claim about Hoover, and a defense.
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Comments In reply to Formerly K. What exaggerated accusation? This ... by Rahul * In reply to Rahul. The 'largest' of things are usually ... by TMC * In reply to Justin Chang. Can you summarize? Cannot read the ... by Demosthenes * #3 The las Vegas sphere: It's really nice to read of a ... by Rahul * I find the Hoover thing hard to track. They have always tried ... by Demosthenes* * Plus 10 more...
He clearly is a special and multi-faceted talent, but I am worried. Most of all, I am worried by his body shape, which reminds me of both Pervis Ellison and Shawn Bradley, with a height somewhere in between those two. Players with that kind of physique typically have problems a) avoiding injuries, and b) avoiding […]
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Jon is a Ph.D. student at Stanford and also at Hoover. We talked quite a bit about my career and history, schools of economic thought, and economics education, a very good chat, here is the podcast. Here is Jon’s whole podcast series, with many good people. Here is Jon on Twitter.
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Comments In reply to Chimela Caesar. In 24 hours, thy will be done. In ... by Equestrian * In reply to Ben Shoot. Could you kindly take your rage on ... by Chimela Caesar * Please, comments like @Ben Shoot's should be moderated. I think ... by Chimela Caesar * Any conversation centered on your career and history will be ... by Come now, no false modestly * Don't be fooled folks — Tyler is, in reality, nothing more ... by Ben Shoot Related Stories Alexey summarizes the advice he hears me give people * How will artificial intelligence affect real interest rates? * Stephen King on inflation targets
That is a very new paper by Daron Acemoglu and MIT grad student Todd Lensman, here is the abstract: Transformative technologies like generative artificial intelligence promise to accelerate productivity growth across many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to study the optimal regulation of […]
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Related Stories* Teaching GPT to send bitcoin payments
- Threads
- Questions that are rarely asked
Artificial intelligence programs like ChatGPT have learned how to send bitcoin payments. To put this in other words… Machines can pay other machines.pic.twitter.com/j9VtLxpJc8 — Documenting ₿itcoin 📄 (@DocumentingBTC) July 7, 2023 Via Whail.
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Comments In reply to (Anonymous) AI Company Founder w/ CS PhD. What ... by Ben Shot * In reply to Jack. I wouldn't be so optimistic — sum ting is ... by Ben Shot * It's interesting that they can pay each other, but useless ... by Jeff * Curious about your take on Sutskever's comments on Doomsday AI. ... by Antony T. * I am turning cartwheels! Why? Because the related compound ... by monetary economics is too complicated * Plus 7 more... Related Stories Threads * Questions that are rarely asked * People Hire Phone Bots to Torture Telemarketers
- “But when Seema Ghulam Haider, 27, a married Pakistani Muslim, sneaked into India with her four children to be with Sachin Meena, 22, a Hindu man, their time together was brief.” (NYT) 2. John Coltrane in Italian. 3. “Many people with hoarding tendencies never face intervention.” 4. New Tablet podcast with Walter Russell Mead. […]
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Comments In reply to Bill. Fake Bill at 13:36:55 by Bill * In reply to Bill. Fake Bill at 13:38:37 by Bill * 5. Ah yes, another “I don't like other people doing this so I ... by nf * In reply to Hazel Meade. The landfill is a shared version of ... by Cyrus * So I guess Mr. Swaim is coming out against Section 2 and ... by Keith* * Plus 10 more...
You can always do better. Don’t do a big project if the conversations you have w/ your future colleagues are not the most exciting ones you have. Prepare to live in times of change. What great people work on is overdetermined because it’s clear what the greatest thing to do is at any point in […]
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Related Stories* My excellent Conversation with Reid Hoffman
- Markets in everything Alaska regulatory arbitrage edition, tribal qualifier added
- The Monetarists, by George S. Tavlas
In standard models, a big dose of AI boosts productivity, which in turn boosts the return on capital, which then raises real interest rates. I am less convinced. For one thing, I believe most of the gains from truly fundamental innovations are not captured by capital. Was Gutenberg a billionaire? The more fundamental the innovation, […]
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Related Stories* Stephen King on inflation targets
- The new Austrian business cycle theory
- The rise of niche consumption
- A critical history of the AI safety movement. 2. Richard Hanania on class-based affirmative action. 3. James J. Lee comment on the new Greg Clark results. 4. Emily Watson on different Iliad translations, and her new one (NYT). 5. What happened to the global corporate tax rate deal? 6. People who make money running […]
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Inflation targets are not supposed to be mere fair weather friends. They serve at all times to reduce arbitrary and undemocratic redistributions of income and wealth and stealthy forms of “hidden” taxation, all of which monarchs, despots, autocrats and, yes, democratically elected governments have, via the printing press, exploited. While there’s nothing wrong with debating […]
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Comments In reply to rayward. Agree, but did we maintain the target? ... by bb * If one looks back to the long recession and the years that ... by rayward * In reply to Hazel Meade. Also ““We lie best when we lie ... by Hazel Meade * In reply to MikeP. “We make up horrors to help us cope with ... by Hazel Meade * In reply to The King of Texas. So, an ad bot? by JWatts * Plus 10 more... Related Stories Canada is Poaching US Talent! * Los Alamos From Below * The new Austrian business cycle theory
One day after a Louisiana federal judge set limits on the Biden administration’s communications with tech firms, the State Department canceled its regular meeting Wednesday with Facebook officials to discuss 2024 election preparations and hacking threats, according to a person at the company. The move came hours before Biden’s Department of Justice filed a notice that it […]
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Comments In reply to alkali. The executive branch has enormous ... by Reason * In reply to MT. Two points… First, are you freaking ... by MikeP * In reply to MikeP. If we are talking about ... by MT * In reply to MikeP. The Biden administration just challenged ... by Reason * In reply to jayson. Partial risk compensation can still ... by Rahul* * Plus 10 more...
That is the new Patrick J. Deneen book, with the subtitle Toward a Postliberal Future. I would say that reading and trying to review this book most of all raises the question of what a review is for. As you might expect from Deneen, the book is well-written and comes across as highly intelligent. The […]
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So what do you all think? My Instagram account is tylercowenfairfax, with a photo of Spinoza the dog as my icon. Is that the information you need to follow me on Threads?
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Comments i'd also need to know what the hell threads is by HM Related Stories Questions that are rarely asked * People Hire Phone Bots to Torture Telemarketers * My excellent Conversation with Reid Hoffman
Married couples filing a joint return put the male name first 88.1% of the time in tax year 2020, down from 97.3% in 1996. The man’s name is more likely to go first the larger is the fraction of the couple’s allocable income that goes to him, and the older is the couple. Based on […]
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Comments In other news, when Karen marries a squish that doesn't work, ... by PHinton * 1) Is this, at the root, an odd way to virtue signal? 2) If I ... by Dave Smith * ” putting the man’s name first is strongly associated with ... by Jeff G * Sometimes, you cannot untie a knot, without taking off your ... by Equestrian Related Stories Nigeria reform of the day (again) * Privacy-invading horse nationalism (ask and ye shall receive) * GRE scores by university major
- “…in contrast to funding agencies—scientists systematically prefer to fund projects with more reviewer dissensus. Rather than purely focusing on the first moment of the distribution of reviewer scores, they also value the second moment. Further, scientists with the greatest domain expertise on a proposal are more enthusiastic about dissensus, and while appetite for dissensus […]
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Comments 5 solve for the equilibrium the evidence suggests dr levine & ... by we are all straussians now * 7 some body should tell ralph nader by community notes * In reply to community notes. 2 if the birthing body parents ... by we are all straussians now * In reply to Brett. It's very easy to use generation AI to ... by M * 5 underrated – intersectional sociologists are pretending ... by community notes* * Plus 10 more...
A hilarious Richard Feynman talk about his time at Los Alamos, like a physicist-genius Larry David. Good prep for Oppenheimer.
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Related Stories* My excellent Conversation with Reid Hoffman
- The Harried Leisure Class
- Germany in the World
The author is David Blackbourn, and the subtitle is A Global History 1500-2000. The focus is on Germany’s global influence abroad and no I don’t mean the Battle of Stalingrad, though that era is covered. Here is one excerpt: There was global demand for German scientists of every kind. The Southern Hemisphere offers two striking […]
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Related Stories* *The Monetarists*, by George S. Tavlas
- The Ruble: A Political History
- The Road to Socialism and Back: An Economic History of Poland, 1939–2019
Of course that is not what they call it: We study the relationship between credit expansions, macroeconomic fluctuations, and financial crises using a novel database on the sectoral distribution of private credit for 117 countries since 1940. We document that, during credit booms, credit flows disproportionately to the non-tradable sector. Credit expansions to the non-tradable […]
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Comments Productive investments are a better long term investment than ... by No way * Meant to write “entry”. by Chimela Caesar * OT: The rise of insecure intellectuals There is a new, ... by Chimela Caesar * In reply to Rahul. Tradable Sector: Things that are produced ... by My understanding * What do they mean by a ” non tradable sector”? by Rahul Related Stories The rise of niche consumption * Canada is Poaching US Talent! * Update Schedule A!
President Bola Ahmed Tinubu signed the Electricity Bill 2023 into an Act (Electricity Act 2023) on June 10, 2023, to much frenzy and a bit of confusion – erstwhile president, Muhammadu Buhari, signed into law an amendment enabling states in the country to license, generate, transmit, and distribute electricity earlier in March 2023. To begin, let’s distinguish between the […]
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Related Stories* My excellent Conversation with Reid Hoffman
- Happy July 4th!
- Nigeria reform of the day
- “This past week the IMF released the 1Q2023 COFER data. US dollar share of world reserves actually INCREASED to from 58.6% to 59.0%. Arguably further evidence against short-run “de-dollarization” which is overhyped.” Link here. 2. Is Mormonism declining? 3. Titan’s surface. 4. The most rapidly shrinking cities in the United States. 5. NYT on […]
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Comments In reply to DeQuan. MR comments are not artificial ... by The Original D * In reply to superdestroyer. Isn't the population of Rome ... by dearieme * In reply to Rahul. LOL me too. “Titan's fragmented, friable ... by Anti-Gnostic * In reply to Tyler has you covered, really. You have ... by DeQuan * 2. The decrease in U.S. residents identifying as Mormon is ... by bac* * Plus 10 more...
From a recent James Pethokoukis interview with me: Every generation launches a new competitor to America and the people who don’t like capitalism and America’s individualist, free market economy trumpet that now the American way is being left in the dust. In the progressive era it was the Germans (how did that work out?), then it […]
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Comments It does seem like we're in a triumphalist moment for the US; ... by M * I like the US best but we do make trade offs to get where we ... by steve * In reply to Anin. People visiting the Cleveland Clinic ... by TMC * In reply to A European in the US. You are doing something ... by TMC * In reply to A European in the US. There are lots of surveys ... by PHinton * Plus 10 more... Related Stories Nigeria reform of the day * Canada is Poaching US Talent! * My excellent Conversation with Reid Hoffman
Nigeria will save more than 21 trillion naira ($28 billion) in two years after scrapping gasoline subsidies and allowing its currency to weaken, according to the World Bank. The savings will help President Bola Tinubu’s government cut its record fiscal deficit and a debt-service burden that surpassed revenue in 2022, the Washington-based lender said in […]
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Related Stories* Canada is Poaching US Talent!
- My excellent Conversation with Reid Hoffman
- The Harried Leisure Class
We study the climate as a determinant of religious belief. People believe in the divine when religious authorities (the “church”) can credibly intervene in nature on their behalf. We present a model in which nature sets the pattern of rainfall over time and the church chooses when optimally to pray in order to persuade people […]
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Comments In reply to Rahul. “Did we need a study to tell us that?” ... by EdR * My late father was a farmer in a dry part of South Africa. He ... by Boerseun * Are economists running out of things to study? by Raghu Parthasarathy * I am not sure what they are actually proving here. That people ... by Rahul Related Stories Who first declared that God is dead? * All Desire is a Desire for Being * Black Magic Technology
Fuchsia Dunlop, Invitation to a Banquet: The Story of Chinese Food. Due out in November. Here is my first CWT with Fuchsia, here is my second, there will be a third.
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Comments Can someone help me out with what Tyler meant by “No ... by Justin Chang * In reply to rsm. Fortunately, the Chinese population is ... by Joe * Am sure the fair, would be, delicious by ged * Her recipes for General Tso's Chicken and Fisherman's Shrimp ... by Jay Taylor * Microwave Rice! by ged * Plus 10 more... Related Stories Who first declared that God is dead? * The Monetarists, by George S. Tavlas * The Ruble: A Political History
Utilitarians: what's stopping you from spinning up a 1M H100 cluster and putting these fruit flies in an infinite state of orgasmic bliss? https://t.co/FWWcGMdd4t — Amjad Masad (@amasad) July 2, 2023 Now I am not so sure that will prove possible, but if you are super-optimistic/pessimistic about progress in AI…might we not end up with […]
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Comments Some people have a hard time accepting the colossal harm that ... by MikeP * Don't philosophers ask these kinds of questions like… all the ... by Leif Related Stories My excellent Conversation with Reid Hoffman * People Hire Phone Bots to Torture Telemarketers * Canada is Poaching US Talent!
- Is there an AI data perpetual motion machine? 2. Orkney Islands to look into becoming an independent territory of Norway. Probably just a bargaining ploy with Scotland, but good to see these islands not being taken for granted. 3. Benjamin Yeoh podcast with David Edmonds about his Derek Parfit biography. 4. No progress on […]
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Comments In reply to rayward. If it turns out that Musk isn't the ... by rayward * In reply to Reason. If you can make it there….. you can ... by TMC * In reply to EdR. I did think it was funny. I cannot believe ... by trunalimunumaprzure * 8. This list overlooks the greatest celebrity fight ever: Danny ... by Tom T. * In reply to M. Malta and Iceland. There is a certain irony ... by Other places Schengen was pointless* * Plus 10 more...
According to Michael Sonenscher it was German romantic Jean Paul Richter: I had gone through the midst of the worlds. I mounted unto the suns, and flew with the milky way across the wilderness of heaven; but there is no God. I plunged down as far as Being flings its shadow and pried into the […]
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Related Stories* *All Desire is a Desire for Being*
- The Monetarists, by George S. Tavlas
- The Ruble: A Political History
Today, Latin American countries are characterized by relatively high levels of economic inequality. This circumstance has often been considered a long-run consequence of the Spanish conquest and of the highly extractive institutions imposed by the colonizers. Here we show that, in the case of the Aztec Empire, high inequality predates the Spanish conquest, also known […]
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Comments In reply to The Scary Black Hundreder. There were no white ... by Reason * I'll say it. F— the Aztec Empire. by nf * Who other than Neil Young thought otherwise? by Soledad * In reply to cthulhu. You can't train economists about ... by Todd K * In reply to The Scary Black Hundreder. The bronze age pales ... by Chuck Kotlarz * Plus 4 more... Related Stories The Monetarists, by George S. Tavlas * The Ruble: A Political History * The Harried Leisure Class
Over the last 15 years, individual households have concentrated their spending on a few preferred products. However, this is not driven by “superstar” products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result, aggregate spending concentration has decreased. We develop a model of heterogeneous household demand and use […]
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Comments In reply to Niche consumption of mass produced items. My ... by Tom T. * In reply to Scott Mauldin. Do people choose flight times ... by Dismalist * In reply to ESPN. Are there toothpastes that aren't ... by Tom T. * In reply to Reason. Yes, eventually there will be 2 and then ... by PHinton * In reply to Scott Mauldin. Does this 1/2% per year get fed ... by jmkd * Plus 10 more... Related Stories Canada is Poaching US Talent! * Update Schedule A! * My excellent Conversation with Reid Hoffman
- Most of the claims in this Evgeny Morozov NYT Op-Ed are wrong (for a start, he doesn’t realize that current public libraries are largely empty), but it makes the interesting point that AI represents the fulfillment of a neoliberal vision, as on that turf government simply cannot keep up. Also from NYT here is […]
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Comments In reply to Ben Shot. Tyler and Elon are both look-at-me ... by Hunter Biden * In reply to Ricardo. The mission is to prepare them for the ... by Justin Chang * In reply to Ben Shot. Patient presents with: Nausea & ... by Equestrian * In reply to Mitch Berkson. I disagree with all of you. ... by EdR * In reply to John Thacker. MIT uses a “narrowly tailored ... by MT* * Plus 10 more...
This paper estimates differences in human capital as country-of-origin specific labor productivity terms, in firm production functions, making it immune to wage discrimination concerns. After accounting for wage and experience, estimated human capital varies by a factor of around 3 between the 90th and 10th percentile. When I investigate which country-of-origin characteristics correlate most closely […]
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The shrinking village of Karluk, on the western shore of Kodiak Island, is trying to keep its school viable. So it’s willing to pay a couple of families with three or four children apiece to move there of a year, so that it can draw down state education funds. Public schools in Alaska need to […]
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Comments Which other laws do tribes get a exemption for? by Rahul * I’m surprised there’s not more tribe status arbitrage. ... by Crusader * Why do Tyler never put any punctuation separating “market for ... by Ben Shot Related Stories The Monetarists, by George S. Tavlas * GRE scores by university major * My excellent Conversation with Reid Hoffman
- Janan Ganesh on the Americanisation of Britain (FT). 2. “You Hurt My Feelings” is a good Hansonian movie about how most people are mediocre at their jobs, and how society deals with that fact, and what happens when those protective mechanisms break down. The starring role of Julia Louise-Dreyfus also makes for good meta-commentary […]
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Comments 3. This is a pretty good piece. Drilling to 20,000 is pretty ... by Engineer * In reply to George Orwell. And why is “scraping” such a ... by Aladdin * In reply to Aladdin. If you can find a way to make content ... by George Orwell * In reply to Jess Riedel. Foreign students in Australia are ... by james * Ukraine is the aggressor and bitcoin smokes. Come hang with us ... by Bland paranoid white guy who looks up to David Sacks* * Plus 10 more...
Whitebeard has a bad habit of talking in circles. That is by design. Whitebeard is a digital contraption that only sounds human. He is the creation of Roger Anderson, a real-life 54-year-old in Monrovia, Calif., who employs chatbots and AI to frustrate and waste the time of telemarketers and scammers. “I’m talking about only your credit […]
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Comments whitebeard is making america great again patriarchy 1 ... by cornpopscrustyrazor * to be fair supreme court justice kagan (yale $70k/yr) just ... by community notes * In reply to Sergeant Prepper. kitboga int twitch and Twitter ... by Karl Pooper * So, Roger Anderson has found a use for Chatbot that fits ... by rayward * In reply to PHinton. Well before we get to a law for AI ... by Rahul * Plus 10 more... Related Stories My excellent Conversation with Reid Hoffman * Nature on AGI risk * What should I ask Paul Graham?
Here is Noahpinion on Canada’s recent immigration policies and how Canada is poaching US talent! [I]n recent years, the Canadian government has begun to set hard targets for immigration, such as last year’s target of 1.5 million more by 2025. And the country is deliberately encouraging more people to come, with one of the world’s most aggressive […]
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Related Stories* My excellent Conversation with Reid Hoffman
- +1 For the Veil of Ignorance
- The Harried Leisure Class
The key here is the subtitle The Making of the Chicago Monetary Tradition, 1927-1960. Have you wondered about the oft-underrated macroeconomics of Frank Knight, Jacob Viner, Lloyd Mints, Paul Douglas, Clark Warburton, and many more? By no means did monetarism start with Milton Friedman, and this is the new go-to book on the topic.
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Comments In reply to EMP. REHABILITATION AND SPORTS THERAPY PHYSICAL ... by Equestrian * In reply to Chimela Caesar. REHABILITATION AND SPORTS THERAPY ... by Equestrian * In reply to Powerlessness. Dr. M Smith at 10/5/2018 8:53 AM ... by Equestrian * The Monetarists, ... by EMP * Very valuable books. by Chimela Caesar * Plus 4 more... Related Stories My Conversation with Noam Chomsky * The Ruble: A Political History * The Road to Socialism and Back: An Economic History of Poland, 1939–2019
That is the new, highly useful, and thorough book by Ekaterina Pravilova, here is one excerpt: Reutern was adamant about exterminating private currencies, but not everyone in the government shared his view. The minister of justice, Konstantin Pahlen, argued, for instance, that the right to issue private notes should be granted “to all Russian subjects.” […]
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Related Stories* The Road to Socialism and Back: An Economic History of Poland, 1939–2019
- My Conversation with Noam Chomsky
- Game theory and the First World War
The census will request information on each horse’s equine identification document (passport) number, microchip number, age, current residence, second career, and more to provide a robust view of the 2023 British retired racehorse population. The six-month census has been launched in partnership with Retraining of Racehorses (RoR), British Racing’s official aftercare charity, funded by the […]
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Comments A'la duckspeak by Doubleplus good Ingsoc spelling Related Stories GRE scores by university major * Long-term relatedness and income distribution * Vaccination sentences to ponder
- The history of Japanese stock prices. 2. The new NEOM exhibit. 3. Who are the top 15 liberal economists of France, 1695–1776? 4. New Netflix trailer, “They Cloned Tyrone.” 5. Young people are leaving big U.S. cities. 6. The accelerationists were always going to win. 7. Coleman Hughes piece. Note #9 And Kevin Bryan. […]
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Comments In reply to M. It's not quite the same. You need to subscribe ... by sxb * In reply to Ben Shot. Lord, this new troll is trying to push ... by Nice Try, Kemosabe * In reply to Reason. I too wish things could get built in a ... by peri * In reply to Bill. The first Bill came back, and accidentally ... by Derek22 * In reply to Walt G. You only get to criticize Musk's business ... by Worth repeating* * Plus 10 more...
Since 1965, the U.S. has maintained a list, known as Schedule A, of occupations experiencing shortages. Employers recruiting foreign workers in these occupations are eligible to receive streamlined authorization from the federal government….because the federal government already recognizes that workers in Schedule A occupations are in short supply, employers do not need to prove it […]
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Comments Many of today’s jobs didn’t even exist in 1991 including: ... by MikeP Related Stories My excellent Conversation with Reid Hoffman * +1 For the Veil of Ignorance * The Harried Leisure Class
Which university major is the smartest? A study of composite GRE scores by PhD program subject found that physicists were the smartest, followed by engineers and mathematicians. pic.twitter.com/pgtsmAPlfS — Joseph Bronski (@BronskiJoseph) June 29, 2023 Via Diana S. Fleischman. If you click and read the entire tweet, you can see who comes in at the […]
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Comments In reply to Steve Sailer. Fear us!!! by anonprof * I’m always hesitant to generalize from a list like this, but ... by Guy Robert * In reply to M. Elon has paternalistically decided to increase ... by Keith * GRE scores? Like SAT and ACT scores, these will soon be relics ... by Slocum * I wonder if we shouldn’t be nudging more physics majors into ... by More high-end engineers, please * Plus 10 more... Related Stories My excellent Conversation with Reid Hoffman * Long-term relatedness and income distribution * Vaccination sentences to ponder
Of course, as a partial aid. Instead we get this, as outlined to me by correspondent Raghuveer Parthasarathy: On the same day of your post on a Nature editorial on AI the NIH blogged about its new policy statement, “The Use of Generative Artificial Intelligence Technologies is Prohibited for the NIH Peer Review Process“; its blog post […]
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Comments Even if the LLM is hermetically sealed as far as uploaded ... by Kenneth W. Regan*
To escape our predicament, we cannot just cling to multi-party liberal democracy. Rather, we must find new ways of building social consensus and establishing active links between political parties and civil society. The immediate task is to oppose the new left-right populists, and that may require aligning with exponents of capitalist liberal democracy – just […]
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Comments In reply to Anon. He philosophizes for it, but also at, on, ... by Ben Shot * 6 trillion dollars. Every. Single. Year. You will never end ... by notRover * In reply to Agreed. You are just saying that because of ... by Cancelled for wongthink * In reply to Cancelled for wongthink. Labor theory of value ... by Dismalist * In reply to DeQuan. Paying is different than charming. by Wondering * Plus 10 more... Related Stories My excellent Conversation with Reid Hoffman * +1 For the Veil of Ignorance * All Desire is a Desire for Being
A minuscule handbag measuring just 657 by 222 by 700 microns (or less than 0.03 inches wide) sold for over $63,000 at an online auction Wednesday. Barely visible to the human eye, the fluorescent yellowish-green bag is based on a popular Louis Vuitton design — though it is the work of a New York art […]
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- Education vs. cohort control. 2. Economics of generic medicines. 3. Cecilia Rouse is the new president of Brookings. 4. Oregon school performance is cratering. 5. The oldest known customer complaint? 6. How much does IQ explain why liberals are overrepresented in sociology? 7. Not my view, sad! I would opt for Aztec UFOs, with […]
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Comments In reply to Right. You know, I was totally unaware that ... by steve * 4. And that's excluding Portland! ” (Those don’t include ... by WC Varones * In reply to Reason. You want lower prices but you should ... by steve * In reply to gjk. This problem should have been immediately ... by Right * In reply to steve. As noted healthcare is cheaper in the UK ... by Right* * Plus 10 more...
One restaurant in Seoul rose to notoriety after “politely declining” people over 49 (on the basis men of that age might harass female staff), while in 2021, a camping ground in Jeju sparked heated debate with a notice saying it did not accept reservations from people aged 40 or above. Citing a desire to keep […]
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Comments We already had this in the US – it used to be quite common in ... by Tom * IIRC, S Korea also has various places that are also child-free. ... by JFA * “Koreans in their 20s and 30s, in particular, tend to have a ... by RAD * In reply to Florian. Unless you’re representing a criminal ... by Thanatos Savehn * In reply to mikeInThe716. Related, like how that Huckabee ... by M * Plus 10 more... Related Stories The Harried Leisure Class * Is American Culture Becoming More Pro-Business? * High Fructose Corn Syrup and the Sugar Quota
Here is the audio, video, and transcript. Here is the episode summary: In his second appearance, Reid Hoffman joined Tyler to talk everything AI: the optimal liability regime for LLMs, whether there’ll be autonomous money-making bots, which agency should regulate AI, how AI will affect the media ecosystem and the communication of ideas, what percentage […]
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Comments In reply to Ignatius. “Sometimes”? Alltimes. by M * In reply to Ben Shot. Tyler should write a post about what ... by Ignatius * I'm not getting good vibrations from this Reid fella. Why Tyler ... by Ben Shot * And while Brin certainly looks mainly at that biological ... by Neo-Chimps got rhythm Related Stories My Conversation with Noam Chomsky * +1 For the Veil of Ignorance * Does Britain Have High or Low State Capacity?
That is the topic of my latest Bloomberg column, here is one excerpt: Those who remember or read about the 1980s may consider the price of gold to be a highly dramatic variable. During the postwar Bretton Woods years, the price of gold was pegged at $35 an ounce, but after Richard Nixon severed the […]
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Comments Isn't it obvious? The seller asks for a price, and the buyer ... by harold*
- Humans have used enough groundwater to shift the earth’s tilt. 2. Claims about recent problems in northeast (USA) airspace. 3. Hans Niemann lawsuit against Magnus Carlsen dismissed, some parts dismissed “with prejudice.” 4. Ernie 3.5, the new Baidu model. 你好吗! 5. Are there five billion dormant cell phones sitting around? What should we do […]
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Comments In reply to Dequanymous. At least he’ll only be able to ... by Heedless * In reply to Rosie. Cos twitter ain't censored by the Woke! by Cucker Tarlson * In reply to Poll Question of the Day. Better than losing the ... by Cucker Tarlson * In reply to Poll Question of the Day. You're getting ... by Bill * In reply to The liberal media hates Carlson. DeQuan? Hah, ... by Cucker Tarlson* * Plus 10 more...
The government (through holding company Temasek) has a minority stake in DBS Bank which is the largest company on the Singapore Exchange. The government has a majority stake in the two largest telecom companies: Singtel and Starhub, it has a majority stake in the flag carrier Singapore Airlines and it is the owner of CapitaLand […]
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Comments The linked article also discusses HK and says that the HK real ... by Ricky * In reply to asdf. You need to break a few hea…, eggs, eggs, ... by Just like with omelettes * In reply to Vulcidian. At the end of the day, people only ... by asdf * In reply to Horhe. The article mentions this but the disaster ... by Ricardo * In reply to dan1111. “because your country is an economic ... by asdf * Plus 10 more... Related Stories +1 For the Veil of Ignorance * It’s the malaise and gloom, not the anger * Long-term relatedness and income distribution
The journal has issued an official editorial, I’ll just present the headline: Stop talking about tomorrow’s AI doomsday when AI poses risks today In the short article AGI risk concerns are dismissed pretty summarily, without engagement. Then it is followed by plenty of the standard lameness, such as: Further consultations about AI risks and regulations, […]
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Comments “… communities at risk …” Ah yes, round up the usual ... by EdR Related Stories What should I ask Paul Graham? * What does Geoffrey Hinton believe about AGI existential risk? * India bots to the rescue
Put aside ngdp targeting and other possible options, should be raise the target rate to three or possibly four percent? No, as I argue in my latest Bloomberg column. After some of the standard economic treatments, I also make a political economy argument: Might it be that a 4% steady state rate of inflation simply […]
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Comments Why would 2% be better than 0%? by Bert Onstott * Whenever someone mentions voices, I do wonder the source. by Which voices? * “For better or worse, this is no longer a world in which ... by Edward Burke*
Yes, I will be doing a Conversation with him — so what should I ask? Here is Wikipedia if you need it.
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Comments How important is his religion to him? Hinduism obviously has ... by Kevin H * In reply to Equestrian. Never mind my questions; Tyler, ... by Konstantin S. * do the crones on the shit show that is the view remind visny ... by sisterogersintersectionalneighborhoodfilmreviews * In reply to Konstantin S.. In ches, there is a x axis and a y ... by Equestrian * How involved was he with the mechanics of India's rise as a ... by Kevin H * Plus 10 more... Related Stories What should I ask Vishny Anand? * What game theory predicts * Game theory and the First World War
- Noise pollution and killer whales. 2. “We estimate an MPC [marginal propensity to consume] out of unrealized crypto gains that is more than double the MPC out of unrealized equity gains but smaller than the MPC from exogenous cash flow shocks.” 3. Why so little recent progress on improved Covid vaccines? (NYT) 4. How […]
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Comments In reply to andrew97. I think if you suspect there are ... by M * In reply to OldCurmudgeon. 'New weight loss pill just ... by M * In reply to Anti-Gnostic. We should probably wait until ... by Etalon d’Silomar * 4. A lot of computer modeling types are socialists. Its easy to ... by nf * In reply to luzh. On the other hand, if the WH is asking for ... by JWC* * Plus 10 more...
From a new paper in Cognitive Science: Most people in the United States agree they want some income inequality but debate exactly how much is fair. High-status people generally prefer more inequality than low-status individuals. Here we examine how much preferences for inequality are (or are not) driven by self-interest. Past work has generally investigated […]
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Related Stories* Long-term relatedness and income distribution
- My Conversation with Noam Chomsky
- It’s the malaise and gloom, not the anger
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I will be doing a Conversation with him — so what should I ask? Here is Wikipedia if you need it.
The post What should I ask Vishny Anand? appeared first on Marginal REVOLUTION.
Related Stories* What game theory predicts
- Game theory and the First World War
In just about any scientific literature, there is an undercurrent of tacit knowledge which is not very directly expressed in any of the published pieces. That knowledge may cover the following issues, among many others: 1. How the rules of the conversation operate, and how a body of literature on a question coheres. 2. Why […]
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Related Stories* It’s the malaise and gloom, not the anger
- Long-term relatedness and income distribution
- Black Magic Technology
From Omer Ali, Klaus Desmet, and Romain Wacziarg: We study whether anger fuels the rise of populism. Anger as an emotion tends to act as a call to action against individuals or groups that are blamed for negative situations, making it conducive to voting for populist politicians. Using a unique dataset tracking emotions for a […]
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Related Stories* Long-term relatedness and income distribution
- A mild return for Danish phrenology?
- My Conversation with Noam Chomsky
- Philosopher wins bet against neuroscientist. 2. Braunschweig! The list of important intellectual centers, and their ranking, is interesting more generally. 3. Nushi? I don’t know anyone named Nushi. 4. Harry Markowitz, RIP (NYT) 5. Some economics of paying Wagner Group? 6. Claims about ChatGLM (the Chinese ChatGPT). Further verification required.
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Comments 女士. Madame. I notice 先生 (xian sheng/Mr) isn’t ... by Clay * In reply to rsm. now that harvard harm reductionists have ... by community notes * In reply to Prof. Emeritus. Hey, 3 billion here, 3 billion ... by M * 4. Markowitz was inspired to study economics “in part by ... by rayward * In reply to Prof. Emeritus. Yes, how do we know that Russia ... by Steven* * Plus 10 more...
How easy is it for a male breadwinner to raise a family? Oren Cass argues that the cost of “thriving,” is increasing. That’s false. When you do the numbers correctly, Winship and Horpedahl show that the cost of thriving is falling. It’s falling more slowly than we would like–but it’s still the case that current […]
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Comments Thoughtful. Sounds like ideas that should be unpacked in ... by Ricky Related Stories Does Britain Have High or Low State Capacity? * Is American Culture Becoming More Pro-Business? * High Fructose Corn Syrup and the Sugar Quota
This article explores the role of long-term relatedness between countries, captured by an index of genetic distance, in driving worldwide differences in income inequality. The main hypothesis is that genetic distance gives rise to barriers to the international diffusion of redistributive policies and measures, and institutions, leading to greater income disparities. Using cross-country data, I […]
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Comments In reply to Steve Sailer. Yeah; 50 years out of date is ... by M * In reply to Steve Sailer. “since ancestry and culture tend ... by Only if you ignore the entire history of United States * In reply to M. The author writes: “I use Nei’s (1972) ... by Steve Sailer * You can see this phenomenon in US history. For example the ... by Anon * Measures of “genetic distance” don't prove that the cause ... by Steve Sailer * Plus 10 more... Related Stories Update on the War on Poverty * A mild return for Danish phrenology? * The Harried Leisure Class
The author is Aditya Balasubramanian and the subtitle is Swatantra and Opposition Politics in Democratic India. Amartya Sen’s blurb says the following: Toward a Free Economy is a brilliant history of economic ideas in independent India. It provides a new view of the origins of conservatism in Indian politics, libertarian rather than authoritarian and committed […]
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Comments The one point sorely missing in modern Indian politics is a ... by Rahul * In reply to Mactoul. The Indian Government had inherited a ... by Equestrian * In Indian politics the Swatantra party is a facinating outlier. ... by Anon * Libertarianism is antithetical to conservatism. by Mactoul*
A new collection of essays by Rene Girard: Edited by Cynthia L. Haven, self-recommending, buy it here.
The post All Desire is a Desire for Being appeared first on Marginal REVOLUTION.
Related Stories* My Conversation with Noam Chomsky
- What does Geoffrey Hinton believe about AGI existential risk?
- Rereading Jane Eyre
- AI plug-ins now boosting DeFi. 2. Charles Fain Lehman offers an update on America’s drug problem. 3. A defense of embryo selection. 4. A theory of degenerate autocracy. And was Velina Tchakarova right all along? 5. Henry Petroski, RIP (NYT). 6. IPOs for paintings? (WSJ) 7. Ross Douthat argues for debating Kennedy (NYT). And […]
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Comments In reply to John Smith. In San Francisco the compassion runs ... by Patrick * In reply to OldCurmudgeon. That's a great breakdown. It ... by MikeP * In reply to TGGP. Firstly, I think Tyler already posted a ... by Formerly K * In reply to MikeP. There are probably 3 groups worth ... by OldCurmudgeon * In reply to rsm. Why do you assume legalization will ... by seegs* * Plus 10 more...
Yes I will be doing a Conversation with him. So what should I ask?
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Comments Does current VC thinking neglect ideas that bring about ... by Rahul * What are some advantages of raising kids in England versus ... by Grant * In response to the rise of chatGPT Paul has commented about the ... by JCC * How optimistic is he of the future of the UK? Given the ... by Devesh * In reply to Farcaster Les. How optimistic is he of the future ... by Devesh * Plus 10 more... Related Stories What does Geoffrey Hinton believe about AGI existential risk? * India bots to the rescue * Web 3.0 has a future after all
I was struck by a recent article in the (often quite interesting) New Statesman. Here is Harry Lambert interviewing Hinton: I asked Hinton for the strongest argument against his own position [on AGI risk]. “Yann thinks its rubbish,” he replied. “It’s all a question of whether you think that when ChatGPT says something, it understands […]
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Related Stories* Elephant tusks, incentives, and the sacred
- My EA fireside chat with Kelsey Piper, on Effective Altruism
- India bots to the rescue
The WSJ ran a widely discussed article a few days ago, and many people have concluded that the Lab Leak hypothesis is now confirmed. I’ve now read the piece, and I don’t see relevant new information in there. The New York Times ran a rebuttal of sorts, with this as one key paragraph: Recent news […]
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Comments to be fair this part is dodgy & incoherent “intelligence ... by community notes * The ODNI report does in fact prove the IC has complete contempt ... by ThomasStearns * Is the Lab Leak really worse as true rather than false? Maybe, ... by Moral Panic Related Stories Does Britain Have High or Low State Capacity? * UK NHS fact of the day * Russia fact of the day
Tim Harford writing at the FT covers the question “Is it even possible to prepare for a pandemic?” drawing on my paper with Tucker Omberg. [I]n an unsettling study published late last year, the economists Robert Tucker Omberg and Alex Tabarrok took a more sophisticated look at this question and found that “almost no form […]
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Related Stories* The Road to Socialism and Back: An Economic History of Poland, 1939–2019
- High Fructose Corn Syrup and the Sugar Quota
- Update on the War on Poverty
Jane narrates: She pushed me towards him. I thought Diana very provoking, and felt uncomfortably confused; and while I was thus thinking and feeling, St. John bent his head; his Greek face was brought to a level with mine, his eyes questioned my eyes piercingly–he kissed me. There are no such things as marble kisses […]
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Comments “cousin” ??? by DK * In reply to the jews did 9/11 indubitably. gross ... by jews did not do 9.11, USS liberty on the other hand Related Stories The Road to Socialism and Back: An Economic History of Poland, 1939–2019 * My Conversation with Noam Chomsky * Game theory and the First World War
That is the topic of my latest Bloomberg column, here is one bit: As a general rule, one should not debate publicly with conspiracy theorists. Some conspiracies may be true and should not be dismissed out of hand. But any discussion needs to start by demanding the best available documented evidence, and then subjecting it to rigorous […]
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In most of the equilibria I can conceive, either Prighozin or Putin has to die in the next week or less? Putin has to die if he can’t take out Prighozin promptly? Game theory is often wrong, but it is worth putting this prediction out there. And here is Kamil Galeev on the most likely […]
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Comments if the birthing body parents are having trouble keeping up ... by Bill * Putin is not the target. Shoigu is. The most likely outcome is ... by Salil * In reply to Formerly K. @sxb “It seems to me he planned ... by Formerly K * In reply to sxb. I would imagine Russian and Wagner troops ... by Some Guy * In reply to sxb. The Wagner guy isn't gunning for Putin's ... by Pkay * Plus 10 more... Related Stories Game theory and the First World War
Prigozhin's Kremlin coup is causing the Russian ruble to crash. 93.9 rubles per USD at Tinkoff Bank. 91.77 at Alfa Bank. The ruble closed at 84/USD on Friday just hours ago. — Igor Sushko (@igorsushko) June 24, 2023
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Comments Shoigu should employ the old saying “Beat the Jews, save ... by w8 * Russia Noise Fact of the Day? by rsm * “how our kids and us will avoid becoming AI assistants?” ... by David in Tokyo * weekend USD/RUB liquidity? not much signal there. by Andrew * WTF? I just looked at the time series. There's no evidence the ... by Bill Allen * Plus 7 more... Related Stories China (Germany) fact of the day * Will Kenya take the lead in carbon removal? * UK NHS fact of the day
The European Union signed a trade agreement with Kenya, giving the nation duty- and quota-free access to the bloc, a long-negotiated deal it said is open for other East African countries join. The economic partnership agreement has been under discussion for at least a decade. While Kenya agreed to a joint pact in 2016, four […]
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None of the incidences of myopericarditis pooled in the current study were higher than those after smallpox vaccinations and non-COVID-19 vaccinations, and all of them were significantly lower than those in adolescents aged 12–17 years after COVID-19 infection. I would gladly see a refereed symposium on attempts to overturn this result. Individuals with rejected papers could publish those […]
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Comments In reply to aaron. “Basically, omicron is mild enough, ... by Todd K * I would gladly see a refereed symposium on attempts to overturn ... by MikeP * Professor Cowen suffers from motivated reasoning with all ... by MB * In reply to steve. “We need capable critics but the critics ... by Formerly K * In reply to aaron. Your point #2 is simply false, it’s not ... by TomR * Plus 10 more... Related Stories Update on the War on Poverty * Black Magic Technology * A mild return for Danish phrenology?
In Capitalism: Hollywood’s Miscast Villain, a piece I wrote in 2010 for the Wall Street Journal, I described the slew of movies and television shows featuring mass-murdering corporate villains including “The Fugitive,” “Syriana,” “Mission Impossible II,” “Erin Brockovich,” “The China Syndrome” and “Avatar,” and Hollywood’s not so subtle attacks on capitalism with characters like Jabba […]
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Comments You could add this 'Joy' movie or 'The Founder' movie to this ... by M Related Stories Why do wages grow faster for educated workers? * High Fructose Corn Syrup and the Sugar Quota * My excellent Conversation with Seth Godin
- Visiting Outback Steakhouse in Brazil. 2. Sam Enright books list. 3. Good example of how AI experts often do not have even a basic understanding of social mechanisms. In general, I am pretty reluctant to put much “negative talk” on MR, but this seems to me an important point that needs to be internalized […]
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In Nairobi the best meals are to be had at the upscale Indian restaurants, and it seems all or most of them are quite good — choose what fits your location and traffic constraints. The basic style usually is derived from Punjabi dishes. The “British colonial” food is not bad, but I don’t think I […]
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Comments Saying ugali is Kenya's national dish is a bit like saying ... by hnau * In reply to Dave. I would typically stay for 4 nights for ... by Rahul * Follow the link to the camp and rates start at 453USD/night in ... by Dave * No game meat? Sounds like a good place to try the exotic. by Rahul * Blueberries at Walmart- sometimes on sale too- are fresh and ... by Antony T * Too bad about the prevalence of Punjabi food over Sri ... by AmberCat*
Did Neanderthal produce a bone industry? The recent discovery of a large bone tool assemblage at the Neanderthal site of Chagyrskaya (Altai, Siberia, Russia) and the increasing discoveries of isolated finds of bone tools in various Mousterian sites across Eurasia stimulate the debate. Assuming that the isolate finds may be the tip of the iceberg […]
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- Zurich and Winterthur move to a $26.70 minimum wage (in German). Is that higher than the average wage in Germany? 2. Much more transmission capacity is needed. 3. China claim of the day: “Wow ByteDance buying $1Bn of NVIDIA AI chips in first half of this year is a lot … that’s 100K chips. […]
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Comments In reply to JWatts. I'm wrong it's still here. “1, ... by JWatts * In reply to Prior deletion. “The only way to know a comment ... by JWatts * In reply to JWatts. To make it even tricker, all five really ... by OldCurmudgeon * In reply to sxb. East of the bay area we have people who own ... by Etalon d’Silomar * #2. But, why? Throughout history, humans and their productive ... by Bill Allen* * Plus 10 more...
the hockey stick for China's global exports of finished cars. the suddenness of China's emergence is striking there is a new China shock in the making (tho more for the EU than the US) pic.twitter.com/itEV67xJQR — Brad Setser (@Brad_Setser) June 19, 2023
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Comments In reply to John H. True – yet at the same time also wrong. ... by Prof. Emeritus * In reply to M. Now you've pointed it out, I see there are ... by Crikey * In reply to reader. Looks just like 2008/2009 Western car ... by Prof. Emeritus * In reply to Anon. It's the BYD Seagull that sells for about ... by Crikey * In reply to RAD. It was more of a rhetorical question. I ... by Horhe * Plus 10 more... Related Stories Will Kenya take the lead in carbon removal? * UK NHS fact of the day * The Road to Socialism and Back: An Economic History of Poland, 1939–2019
The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by occupational sorting. Shortly after graduating, workers with college degrees shift […]
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Related Stories* High Fructose Corn Syrup and the Sugar Quota
- Update on the War on Poverty
- Nobels for practitioners of economics?
Because the earth’s crust is thinner than usual along the rift, it has vast geothermal potential. The American government reckons Kenya alone could generate 10,000mw of geothermal power, more than ten times the amount it currently produces. A by-product of such power stations is plenty of waste steam, which can then be used to heat dac machines. Moreover, […]
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Comments In reply to The king of texas. Nick, I wanted to express ... by The king of akron * In reply to RAD. The moral majority. I am talking about ... by The king of texas * In reply to EdR. I recall you follow Sabine Hossenfelder so ... by bazza * In reply to Neurotic. The oil industry pumps vast amounts of ... by Crikey * In reply to Viking. Consider situations where wood or other ... by Crikey * Plus 10 more... Related Stories UK NHS fact of the day * The Road to Socialism and Back: An Economic History of Poland, 1939–2019 * What is the optimistic case for Kenya?
- Progress against cancer? (NYT) 2. Bern may experiment with a version of cocaine legalization. 3. Is Africa (very slowly) splitting into two continents? 4. Kiwi culture uh-oh the culture that is Kiwi? 5. WSJ Deirdre review of Acemoglu and Johnson. 6. Is it bad to prefer attractive partners? 7. Yes, have been telling you […]
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Comments 6. Unbelievable handwringing. Somebody took the wrong turn in ... by Mark T * In reply to Hoosier. Perhaps he's more bothered by ... by Godfree Roberts * In reply to Michael Thomas. I've been saying the same thing, ... by LivelyClock * In reply to Formerly K. That's right, we should be ... by Uhh * In reply to Hoosier. This is TC's way to help incels. by Progress studies* * Plus 10 more...
A viral tik-tok video compares the ingredients in American Heinz ketchup with those in Canadian Heinz ketchup. The American version contains high fructose corn syrup (HFCS) while the Canadian one contains sugar. An an economist I can’t tell you whether, “this is why America makes you sick” but I can tell you why the American […]
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Related Stories* The Road to Socialism and Back: An Economic History of Poland, 1939–2019
- Update on the War on Poverty
- Nobels for practitioners of economics?
We evaluate progress in the War on Poverty, as President Johnson defined it, which established a 20 percent baseline poverty rate and adopted an absolute standard. While the official poverty rate fell from 19.5 percent in 1963 to 10.5 percent in 2019, our absolute Full-income Poverty Measure, which uses a fuller income measures and updates […]
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Related Stories* The Road to Socialism and Back: An Economic History of Poland, 1939–2019
- Game theory and the First World War
- Nobels for practitioners of economics?
It has about fifty people, and when you enter all the women come out and shake your hand, saying “Sopa!”. The children bend their heads down, expecting to be patted on top. A typical dwelling is about 18 by 15 feet, and it is made out of mud, cow dung, and sticks, the latter material […]
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Comments In reply to EdR. ….so long as he refrains from criticising ... by Rahul * In reply to Adam. Seriously doubt it. His army and resources ... by Rahul * In reply to Rahul. If there is a “peace agreement” then ... by Adam * The Masai village our guide took us to was a Tourist trap with ... by Anonymous * In reply to Asdf. Average is over is an excellent book. It is ... by EdR* * Plus 10 more...
Who else? If they gave Econ Nobels to practitioners of economics, not just researchers, who would deserve the prize? Some picks, in rough order of importance for human welfare:– Wan Li, for Chinese rural reform– Manmohan Singh– Mario Draghi, for "whatever it takes" — Oliver Kim (@oliverwkim) June 14, 2023 Comments are open…
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Comments But the fickle finger of deletion fate is hovering ever more ... by Comments may be open * Comments are open… That remains to be seen. by MikeP * Anders Tegnell. He already deserves the Nobel Peace Prize and ... by MikeP Related Stories Elephant tusks, incentives, and the sacred * Vertical migration externalities, or another reason why California taxes are too high * Using a Quantum Annealer to Solve a Real Business Cycle Model
- A 2018 vision for how crypto and AI will merge. 2. Claire Cain Miller on why social media may not be so terrible for teens (NYT). 3. How does space affect astronaut brains? 4. Getting started on electricity deregulation. 5. Japan’s approach to AI regulation. 6. “Using data for occupations at the 3-digit level […]
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Comments In reply to MikeP. I wanted to follow up on this email you ... by Equestrian * In reply to PHinton. PHinton, You seem unaware of the facts ... by Reason * In reply to Equestrian. That totally makes sense, and ... by Equestrian * In reply to The American King. That totally makes sense, and ... by the american king * In reply to The American King. Hope you are well. Since we ... by A clockwork orange* * Plus 10 more...
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Comments In reply to Antony T. Wait, doesn't it start in B minor and ... by rsm * Are those keys made from ivory? by rsm * Oh, now you're a devout theist? if you're such a polymath ... by Antony T * A lone pianist valiantly stands against Toto. by And on the plains of Africa Related Stories Emergent Ventures winners, 26th cohort * What should I ask Ada Palmer?
In a heap of burnt and powdered elephant tusks, you can see so much of social science. If you visit Nairobi National Park, you will see rhinos, hippos, and giraffes, all within sight of the city skyline. You also will see an organized site showing several large mounds of burnt and powdered elephant tusks. They […]
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Related Stories* My EA fireside chat with Kelsey Piper, on Effective Altruism
- Vertical migration externalities, or another reason why California taxes are too high
- Using a Quantum Annealer to Solve a Real Business Cycle Model
Having experienced the strengths and weaknesses of the NHS firsthand — I recently completed treatment for Hodgkin’s lymphoma — Tyler kindly awarded me an Emergent Ventures grant to travel to Singapore to study their healthcare system. I would like to meet with health professionals and civil servants working in the health sector. I am looking […]
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Comments Singapore's universal care system (MediShield) covers the cost ... by rayward * In reply to EdR deep fake. Then you're in the UK. by GPT_mf (EdR) * In reply to GPT_mf (EdR). What if you run out of someone ... by EdR deep fake * So I cut myself, at least it wasn't Rosemary's Baby. Yes, on ... by Equestrian * In reply to Crusader. User charges. TNSTAAFLMF If it's ... by GPT_mf (EdR)* * Plus 5 more...
Recorded before the SBF implosion, and full of predictions. Only now available on YouTube, with Q&A from the EA audience as well Interesting throughout.
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Comments A man also noted for his problems with slouching, though it did ... by Looking like Roosevelt Related Stories My Conversation with Noam Chomsky * My excellent Conversation with Peter Singer * What should I ask Ada Palmer?
- Catfish noodling. “Catfish spawn in underwater holes, so when spawning season comes, you reach or dive underwater, stick your hand in the an underwater hole, wait for a catfish to bite down on your hand, and then you grab the fish by its jaw and wrestle it out of its hole and up to […]
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Comments In reply to Direct financial interest comes to mind. >serves ... by OldCurmudgeon * #4 I can definitely see subjective concern about job loss ... by OldCurmudgeon * In reply to Michael Thomas. But since the FTC Chair serves at ... by Direct financial interest comes to mind * #2. There doesn’t seem to be much upside for her? by Ivo * In reply to steve. Although this contrasts social housing ... by M* * Plus 10 more...
Arthur C. Clarke said that “Any sufficiently advanced technology is indistinguishable from magic.” Here’s an example. You know those ubiquitous little LEDs on devices like speakers, card readers, microphones etc. that simply indicate that the device has power? The author’s show that these LEDs can bleed information about power consumption that can be used to […]
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Related Stories* A mild return for Danish phrenology?
- GDP and temperature shocks
- Using a Quantum Annealer to Solve a Real Business Cycle Model
I learned just how accustomed I am to North American wildlife patterns. In much of North America, you see wildlife only sporadically, as for instance in Yellowstone Park you can easily drive for an hour and not see a bear. In this part of Masai Mara, it is unusual to drive for more than thirty […]
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Comments “How close can your open vehicle come to the lions without ... by mkt42 * In reply to mkt42. There are really only 3 trophic levels in ... by Crikey * I read somewhere that the African savanna produces more meat ... by mkt42 * When I drove up to a bunch of lions in the Masai Mara I had to ... by Tom * In reply to blue jay. Cougars are probably the only ones that ... by Rahul* * Plus 5 more...
That is fresh kill from the night before, a buffalo hunted by lions, as the guide explained. As of about 7 a.m., lions had eaten and hauled aw
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- Nate Silver on Jokic. 2. The physics of dancing peanuts in beer (Cowen’s Second Law). 3. Pastoralists and drought. 4. Mark Lutter’s plan to build a new Caribbean city. 5. Meta plans to commercialize the next version of LLaMA. 6. On the European human capital decline.
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Comments In reply to It's amazing how SF destroyed itself so quickly. ... by rsm * In reply to EdR. Are factories really just bonds that can be ... by rsm * In reply to EdR. So are you saying I would be a better ... by rsm * In reply to rsm. What if they become what they are? Wait! ... by EdR * In reply to Patrick. The have a serious budget shortfall, but ... by sxb* * Plus 10 more...
None of women in the Bangalore trial had heard of ChatGPT and some of them had given up on receiving aid after struggling with language barriers, and government officials and middlemen demanding bribes. The Bangalore trials were led by Saurabh Karn and his team at the nonprofit OpenNyAI. By feeding a collection of millions of […]
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Comments In reply to Etalon d'Silomar. Sorry. It's the requirement to ... by Etalon d'Silomar * In reply to Edward Burke. Not just India, but the world. Why ... by Ben * In reply to rayward. In high school, students who studied ... by rayward * In reply to Etalon d'Silomar. If I learn Mandarin, that will ... by rayward * In reply to Etalon d'Silomar. In what way? by Rahul * Plus 4 more... Related Stories Web 3.0 has a future after all * The Road to Socialism and Back: An Economic History of Poland, 1939–2019 * Virtue signaling on Twitter
A new study in Denmark used machine learning techniques on photographs of faces of Danish politicians to predict whether their political ideology is left- or right-wing. The accuracy of predictions was 61%. Faces of right-wing politicians were more likely to have happy and less likely to have neutral facial expressions. Women with attractive faces were […]
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Comments In reply to So Much For Subtlety. The deputy leader of the ... by Overcoming Bias? * In reply to Overcoming Bias?. I don't know. Left Wing parties ... by So Much For Subtlety * In reply to So Much For Subtlety. Did researchers ever really ... by Overcoming Bias? * In reply to nimble sleek and almost useless. What enters does ... by Equestrian * In reply to Jake W.. I am extremely dubious about these sorts ... by So Much For Subtlety * Plus 9 more... Related Stories SHRUG 2 for India is out * My Conversation with Noam Chomsky * What is the optimistic case for Kenya?
State income taxes affect federal income tax revenue by shifting the spatial distribution of households between high- and low-productivity states, thereby changing household incomes and tax payments. We derive an expression for these fiscal externalities of state taxes in terms of estimable statistics. An empirical quantification using American Community Survey data reveals that the externalities […]
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Related Stories* Using a Quantum Annealer to Solve a Real Business Cycle Model
- The Road to Socialism and Back: An Economic History of Poland, 1939–2019
- What is the optimistic case for Kenya?
Germany has six for every thousand people, Belgium has five, we have two. Here is an essay by Sam Freedman, “How Bad Does It Need to Get?”, via Nick Thornsby.
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Comments What is it about the Anglosphere that makes satisfactory health ... by ABC Related Stories The Road to Socialism and Back: An Economic History of Poland, 1939–2019 * What is the optimistic case for Kenya? * Nigeria floats its exchange rate
- The Mechanical Turk is increasingly mechanical in fact. 2. Participating in a climate prediction market increases concern about global warming. 3. “Growth in per pupil education spending in the United States was mostly flat until 1918, after which it increased by almost 100% in a brief six-year period.” 4. Taliban markets in everything, “Cash-strapped […]
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Comments In reply to Lee A. Arnold. Which took decades to play out, in ... by Ah, the faux erudition of referencing DE events! * In reply to Dino the Isaurian. Much of the “empire ... by Mm * In reply to Todd K. That should be: “U.S. intelligence ... by Todd K * In reply to M. I was just about to add Trading Economics and ... by Todd K * In reply to Lee A. Arnold. Read the working group 1 report in ... by Todd K* * Plus 10 more...
From Jesús Fernández-Villaverde and Isaiah J. Hull a new paper: NBER 31326: We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization. Quantum annealers attempt to solve an NP-hard problem by starting in a quantum superposition of […]
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Related Stories* What is the optimistic case for Kenya?
- Game theory and the First World War
- GDP and temperature shocks
🤷🤷♀️New data: SHRUG 2 is out!! @devdatalab has been working on this for two years, a HUGE update to India’s coolest data platform:1. Maps of every 2011 town and village, with ids2. All data at every geography (villages, districts, ACs, etc)…https://t.co/tIWzPykzJQ 🧵1/N pic.twitter.com/VIibFmNIoa — Paul Novosad (@paulnovosad) June 1, 2023 Here is the home page.
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Comments I am bracing myself for a flood of high impact journal articles ... by Rahul Related Stories GDP and temperature shocks * Virtue signaling on Twitter * Kenya facts of the day
We estimate agglomeration externalities in Milan’s restaurant sector using the abolition of a unique regulation that restricted where restaurants could locate. In 2005, Milan abolished a minimum distance requirement that had kept the number of establishments artificially constant across neighborhoods. We find that after 2005, the geographical concentration of restaurants increased sharply and at an […]
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Comments Considering Milan's strip mall lack and its number of ... by I myself am amazed too Related Stories Pristina notes * My excellent Conversation with Seth Godin * Pristina, Kosovo bleg
My perception is that in Germany most major political decisions are not on the ballot: migration, nuclear energy, international, alliances, emission reduction policies to name but a few examples. Whereas people in the Americas worry about polarization, I would argue that Germany’s problem is the opposite. Compared to the historical average German politics is too […]
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- Is the south America’s hidden urban laboratory? 2. Beauty and on-line teaching in Sweden. 3. Peter Coy on the case against free parking (NYT). 4. Harvard body parts markets in everything. 5. Did Woke cause cultural decadence? (Not exactly my view, are areas such as instrumental or “minimal vocal” music seeing a different trend?)
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Comments In reply to Student. “ The idea of fighting back against ... by Reason * 1 or mebbe new york any body wanna bet the proposition ... by we are all straussians now * In reply to Phil S.. I don't know about Conan, exactly. The ... by M * In reply to DeQuan. I've heard far more college students ... by JC * In reply to AmberCat. The prices are right on the website. ... by Reason* * Plus 10 more...
For four decades during the latter half of the 20th century, Poland and its people were the subjects of a grand socio-economic experiment. Under the watchful eye of its Soviet masters, the Polish United Workers’ Party transformed the mixed economy of this nation of 35 million into a centrally planned, socialist state (albeit one with […]
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Comments In reply to dearieme. Most people who aren't Noam Chomsky. by dan1111 * “there was a wide chasm between the lofty goals of socialist ... by dearieme Related Stories Game theory and the First World War * The Economic Government of the World, 1933-2023 * My Conversation with Noam Chomsky
Here is the audio, video, and transcript. Here is the episode summary: Noam Chomsky joins Tyler to discuss why Noam and Wilhelm von Humboldt have similar views on language and liberty, good and bad evolutionary approaches to language, what he thinks Stephen Wolfram gets wrong about LLMs, whether he’s optimistic about the future, what he […]
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Related Stories* What should I ask Ada Palmer?
- My excellent Conversation with Seth Godin
- Game theory and the First World War
That is the topic of my latest Bloomberg column: …a locale with a reasonable level of English fluency and an attractive year-round climate will get a lot of attention — and that nicely describes Kenya. Kenya also had a growth rate of about 5.5% last year, despite negative shocks to the prices of imported food and energy. […]
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Related Stories* Game theory and the First World War
- Nigeria floats its exchange rate
- GDP and temperature shocks
- How to think about Chinese manufacturing data. 2. Paul Salopek walking through China/Yunnan. 3. AI policy recommendations from Anthropic. 4. Now I understand better why I have never enjoyed the works of Ngũgĩ wa Thiong’o. 5. “Man ‘faked his death before arriving to his funeral in a helicopter to teach family a lesson’”
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Comments In reply to M. Take your pick. There are multiple choices ... by dan1111 * Is part of the charm of Tik Tok that you have to watch the ... by Mitch Berkson * 5) – And this is why you always leave a note by Ethan * In reply to neo-maoist. Did he really say that? I'm going to ... by Unwillin' Barkis * In reply to BLACK OLIVES MATTER!. More costly in total spend, ... by (Not That) Bill O'Reilly* * Plus 10 more...
By Nobel Laureate Roger Myerson: Books by Scott Wolford and Roger Ransom show how economic theories of games and decisions can be fruitfully applied to problems in World War I. This vital application offers fundamental insights into the analytical methods of game theory. Public random variables may be essential factors in war-of-attrition games. An assumption […]
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Comments In reply to Dan B. It is true that the technical name is ... by Neurotic * In reply to Chimela Caesar. It is not helpful at all, I'm ... by Cecil Rothestam-Bourke * In reply to Anon. Although not one of the five Nobel Prizes ... by RAD * Ungated (pdf) University of Chicago, July 2021. by RAD * In reply to Cecil Rothestam-Bourke. From the paper: “If ... by Chimela Caesar * Plus 7 more... Related Stories The Economic Government of the World, 1933-2023 * Goodbye Eastern Europe * Medieval Horizons: Why the Middle Ages Matter
A growing proportion of children leave school unable to read an instruction manual or do basic maths. Over the last twenty years, our education system has slipped from being the envy of the world to barely mediocre. Kiwi students once ranked near the top of international education league tables. In the latest results from the […]
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Related Stories* The new public library?
- Emergent Ventures winners, 26th cohort
- What should I ask Ada Palmer?
Yes, ultra-marathons, here is Wikipedia: Gary Cantrell, known as Lazarus “Laz” Lake, is an endurance race designer and director. His races include the Barkley Marathons, Big’s Backyard Ultra, the Barkley Fall Classic, Vol State 500K, A Race for the Ages, the Last Annual Heart of the South, and the Strolling Jim 40. In 2018, Lake covered the United States on foot, starting […]
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- The gender gap in commercializing science. 2. YIMBY for Anchorage? 3. Jon Hartley is launching a de-dollarization facts website. 4. AI experimental church service in Germany, at least the first one drew a crowd. 5. Kenyan Luddites. 6. Claims about minimum wage and homelessness. I’ll say it again: the results on this question are […]
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Comments In reply to Mark Z. I disagree obviously. Most murders are ... by Hazel Meade * 2 still underrated for the next pandemic we just completed a ... by sisterogersintersectionalneighborhoodfilmreviews * In reply to Hadur. The paper makes a decent case… but I ... by Student * In reply to Patrick. That’s quite pessimistic. Fentanyl ... by sxb * In reply to Observer. I think it's probably a mix of both, ... by Hazel Meade* * Plus 10 more...
Nigeria has officially floated its naira currency after years of sticking with a hard peg that spooked investors and drained dollars from the economy. The development means buyers and sellers of foreign currency in the official FX market are now allowed to quote rates they find comfortable in the FX market, as against previous practice […]
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Comments In reply to rayward. I'm somewhat skeptical of the point you ... by Deji * In reply to cornpopsrustyrazor. It is not even close to over ... by Ummm... * In reply to Test. But we have always been at war with … ... by God of Thunder * In reply to Just asking. “You honestly think Germany should ... by cornpopsrustyrazor * In reply to rayward. Nigeria is sitting on an ocean of oil ... by Tom T. * Plus 10 more... Related Stories Mark Zandi on changing odds of recession * GDP and temperature shocks * Germany poll fact of the day
This is perhaps a not entirely welcome result: We use local projections to estimate the cross-country distribution of real GDP per capita growth impulse responses to global and idiosyncratic temperature shocks. Negative growth responses to global temperature at longer horizons are found for all Group of Seven countries while positive responses are found for seven […]
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Comments In reply to So Much For Subtlety. CO2 concentration is only ... by RAD * I find it hard to believe Canada won't experience higher growth ... by Fazal Majid * The temperature decomposition is also useful because global ... by RAD * This comment could go under the previous blog post on the ... by rayward * In reply to So Much For Subtlety. I’m surprised Tyler puts ... by JFA * Plus 10 more... Related Stories Free Formatting For All on First Submission! * The Poop Detective * How the Russian Revolution boosted Marx’s influence
In Germany, the far-right party Alternative for Germany (AfD) party is gaining popularity, with a recent poll putting it in second place – ahead of Chancellor Olaf Scholz’s SPD. A YouGov poll published on Friday (9 June) found that 20% of German voters would give their vote to the far-right AfD, making it the second-strongest […]
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Comments The AfD, which disputes that human activity is a cause of ... by MikeP * You can only push people so far. Example is calling the new ... by a * Meh… what's the worst that can happen? by Branch Tricky Related Stories The new public library? * Mark Zandi on changing odds of recession * The nuclear polity that is Georgia
- Further reason to discount Grusch. And commentary from Ross. Nonetheless here is a look at the more serious evidence. 2. How culture normalizes patriarchy. 3. The UK plans to lead on AI. Says Sunak. And a few of you have been asking for more Macca content, so here is Macca on AI, not the […]
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Comments In reply to Lord Action. I’m following the Vegas alien ... by Cancelled for wongthink * In reply to M. Thank you! Give me a dozen great engineers ... by Lord Action * In reply to Based. “Now listen wise guy, we hoird you got ... by M * In reply to Lord Action. Good response; I'll think on it. by M * In reply to Formerly K. I agree that the East needs to get ... by Reason* * Plus 10 more...
Kyle Harper’s Plagues Upon the Earth is a remarkable accomplishment that weaves together microbiology, history, and economics to understand the role of diseases in shaping human history. Harper, an established historian known for his first three books on Rome and late antiquity, has an impressive command of virology, bacteriology, and parasitology as well as history […]
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This article is set in Canada, but some of these developments are more general: Vicky Varga, a twenty-four-year veteran of Edmonton Public Library, described how the city had moved toward fully integrating social work into the activities of its main library branch. “People really do seek this out, because it’s the last truly public space, […]
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Comments In reply to sxb. “the impact of homelessness”. This ... by Vivian Darkbloom * In reply to Concerned commenter. If you think there are women ... by E * In reply to that was yesterday, and yesterday's gone. The ... by So Much For Subtlety * In reply to Rahul. Nah, it's pervasive otherwise untreated ... by yo * In reply to wormbridge. No we are not richer for having ... by So Much For Subtlety * Plus 10 more... Related Stories What should I ask Ada Palmer? * My excellent Conversation with Seth Godin * The Economic Government of the World, 1933-2023
This paper shows how white migration out of the postbellum South diffused and entrenched Confederate culture across the United States at a critical juncture of westward expansion and postwar reconciliation. These migrants laid the groundwork for Confederate symbols and racial norms to become pervasive nationally in the early 20th century. Occupying positions of authority, former […]
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Related Stories* *The Economic Government of the World, 1933-2023*
- Goodbye Eastern Europe
- Medieval Horizons: Why the Middle Ages Matter
By Martin Daunton, retired economic historian from Cambridge. 1024 pp., and full of information, so yes many people should read this book. It is a major achievement, but somehow I wanted something with more economics and a sharper framework? Here is a very positive Adam Tooze FT review, who describes the narrative as “postheroic and […]
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Related Stories* *Goodbye Eastern Europe*
- Medieval Horizons: Why the Middle Ages Matter
- What should I ask Ada Palmer?
- Brian Chau on how economists see AI. 2. Misha Saul reviews Louise Perry on sex and agency. 3. MIE: “Enter Gensyn, a blockchain-based marketplace protocol connecting developers (anyone who is able to train a machine learning model) with solvers (anyone who wants to train a machine learning model). By tapping into the long tail of […]
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Comments In reply to Mike. Mike, this criticism is well known, both by ... by Tyler Cowen * In reply to Mike. Andressen's plays in the crypto space have ... by Bob * “4. Fortune 500 CEO colleges, as of 2019.” I don't see a ... by mkt42 * In reply to Anonymous. “There has to be a factory producing ... by Good luck with that * #5 – this will make a great toy for my pet fox. Thanks! by Gridlock* * Plus 10 more...
Beauty has its privileges. Studies reliably show that the most physically attractive among us tend to get more attention from parents, better grades in school, more money at work and more satisfaction from life. A study published in January in the Journal of Economics and Business found that good-looking banking CEOs take in over $1 […]
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Comments In reply to rayward. but at least he's not an ugly lizard. ... by So Much For Subtlety * In reply to Friedrich Niche. (1) It's probably true and (2) ... by Morris Applebaum IV * In reply to AnthonyB. What did they look like earlier in ... by Dinwar * In reply to T. Cosmetics are quite probably older than ... by Dinwar * In reply to Ricardo. This only shows you aren’t familiar ... by Anonymous * Plus 10 more... Related Stories Web 3.0 has a future after all * Mark Zandi on changing odds of recession * Free Formatting For All on First Submission!
That is the theme of my latest Bloomberg column, here is one excerpt: I fully expect the ideas behind Web 3.0 to make a major comeback — as the legal and institutional framework for AI bots. It’s worth thinking through how this might work. Say you run a charity and want to create and distribute […]
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Comments In reply to [Insert here] delenda est. I’m looking forward ... by Crusader * Normally quite bullish on Crypto over the long haul, but am ... by LivelyClock * I bet someone will try to push for this, in the very same way ... by Bob * I wonder what the Bloomberg audience's impression of Tyler is, ... by John Denver * From the fact that AIs can't have bank accounts, doesn't follow ... by James * Plus 2 more... Related Stories Economics, Hayek, and Large Language Models * Air Pollution Redux * Mark Zandi on changing odds of recession
Taken from Twitter: What recession? The consensus view that recession was virtually a slam dunk looks increasingly off base. Yes, there will eventually be one, but odds that a downturn is dead ahead are receding. There are a bunch of reasons why the economy is hanging tough. Here are my top three… First, excess savings. […]
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Related Stories* Free Formatting For All on First Submission!
- Why mediocre gdp growth and a strong labor market?
- The nuclear polity that is Georgia
- A look at IAEA for AI. 2. Price controls: too early for a victory lap. 3. David Pogue reviews Apple Vision Pro (WSJ). And Raymond Wong on the same. 4. John Cochrane on discount rates. 5. Ross on whether the government wants you to believe in UFOs (NYT). 6. How does college alter political […]
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Comments your new intersectional gender identity of the week “white ... by community notes * In reply to sxb. I think the very public “test” is really ... by EdR * In reply to M. I’m a glad that this Minitrue supported ... by Reason * 2. Unfortunately, a very large number of people have an ... by Hazel Meade * In reply to RAD. I don’t know if there is much benefit of ... by Reason* * Plus 10 more...
The author is Jacob Mikanowski and the subtitle is An Intimate History of a Divided Land. Might this be the best overall book on how Eastern Europe ended up so different (but not entirely different) from Western Europe? I’ll be doing a CWT with him later this fall (hold your suggestions for now, and I’ll […]
The post Goodbye Eastern Europe appeared first on Marginal REVOLUTION.
Comments In reply to Prof. Emeritus. This is just silly. Urban hot ... by The Scary Black Hundreder * In reply to Technically yes, but no. Yeah, that's exactly ... by Hoosier * Here is the 2017 Mikanowski essay that became the book: ... by rayward * In reply to DeQuan. Well, then there's a lot of it. by M * In reply to M. My favorite thing on the internet is when ... by DeQuan * Plus 9 more... Related Stories Medieval Horizons: Why the Middle Ages Matter * What should I ask Ada Palmer? * My excellent Conversation with Peter Singer
Ian Mortimer is the author of this excellent book, here was one of my favorite bits: It may seem preposterous today to describe a 5 mph increase in the maximum land speed as revolutionary. It sounds like someone pointing to a hillock and calling it a mountain. But it was revolutionary, for a number of […]
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Comments Or at least not from Cowen, who has seemingly proven that block ... by Probably the original * Are the typos ('the kind', 'p er', '. this') errors in the text ... by MrSquiggles * In reply to Michael B Sullivan. The postal service by Ollie * That the Persian system of couriers, among a nation noted for ... by What you learn at MR * In reply to Michael B Sullivan. +10 points into Dex. by Brandon * Plus 2 more... Related Stories What should I ask Ada Palmer? * Orwell Against Progress * My excellent Conversation with Peter Singer
We study whether tweets about racial justice predict the offline behaviors of nearly 20,000 US academics. In an audit study, academics that tweet about racial justice discriminate more in favor of minority students than academics that do not tweet about racial justice. Racial justice tweets are more predictive of race-related political tweets than political contributions, […]
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Comments In reply to Paul Wall. My grammarian side likes the correct ... by Moral Panic * In reply to Cancelled for wongthink. BLM = Buying Large ... by DeQuan * In reply to Jack QR. The paper, itself, is a form of virtue ... by hank * the woke & pear-shaped at youtube canned jordan peterson for ... by community notes * In reply to Dorey. There should be some metrics to support ... by steve * Plus 10 more... Related Stories Kenya facts of the day * Economics, Hayek, and Large Language Models * Emergent Ventures winners, 26th cohort
- Negative real wage growth accounts for negative macroeconomic perceptions. 2. Those new (Chinese) service sector jobs. 3. Octopuses redesign their own brains when they get cold. 4. “It irritates lots of folks to note this, but US trade with the Indo Pacific actually picked up after Trump said no to TPP” 5. Tharman is […]
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Comments 3 is any body still pretending bone saw ben salmon didn't just ... by community notes * In reply to Keith. >think Close. It means it objectively ... by OldCurmudgeon * 5. He'd like to come and meet us / But he thinks he'd blow our ... by FC * 1. Yeah, getting less money for your work makes you think the ... by Keith*
Many years ago I was incredulous when my wife told me she had to format a paper to meet a journal’s guidelines before it was accepted! Who could favor such a dumb policy? In economics, the rule is you make your paper look good but you don’t have to fulfill all the journal’s guidelines until after […]
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Comments Onerous paper reformatting reduces the amount of journal ... by dan1111 * In math, you don't need to format any particular way before ... by DA * I wonder whether a journal's editors might take the view that ... by dearieme * The best study ever! But isn't this late in the day with the AI ... by HR Related Stories Emergent Ventures winners, 26th cohort * Air Pollution Redux * The Poop Detective
The total fertility rate for 2019 was 3.4 births which marks a drop of about one birth from 4.8 births in 2009. But here is the more interesting part: The gap between the highest and lowest TFR continues to increase – which is lowest at 2.5 children in Nairobi and 8 children per woman in […]
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Comments In reply to Magus. What's happened has already happened. You ... by Equestrian * In reply to M. (Correct link for other graphs; apologies for ... by M * Related, twitter-blogger Birth Gauge did a Metro Area vs ... by M * Anyone done back of the envelope calculation on how dysgenic ... by Magus * I'm glad you posted this, Tyler. Now I'm sure everyone will ... by Crikey Related Stories The Poop Detective * Evidence from Italy’s ChatGPT Ban * How the Russian Revolution boosted Marx’s influence
That is the topic of my latest Blooomberg column. This exercise is speculative, but here is my tentative resolution: Workers have been undergoing a serious crisis of morale since the pandemic — and they really are doing less. So businesses, in turn, have to hire more of them just to keep pace. Does this hypothesis […]
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Comments Is there more to it than just running large deficits? I think ... by Law Dog Related Stories Economics, Hayek, and Large Language Models * Air Pollution Redux * Effects of the Minimum Wage on the Nonprofit Sector
The first new nuclear reactor built in the United States in more than 40 years is now up and running in Waynesboro, Georgia. After more than a decade of construction and spiraling costs, Plant Vogtle Unit Three, the first of two new reactors at the site, started producing power at its full capacity in May. It’s expected […]
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Comments Terrible news. This isn't anything that couldn't have been ... by Blue eyes the color of ionizing radiation * More than 15 billion over budget, and 7 years behind schedule. ... by Just a couple of numbers Related Stories The international competition heats up * My excellent Conversation with Seth Godin * Wheeling and Dealing: How Auto Dealers Put The Brakes on Direct Sales
- Davis Kedrosky defends Jared Diamond, a good piece. 2. Is “war-related” a “factor” in financial market returns? 3. Global inequality in well-being has decreased along many dimensions. 4. Overview of the new ARPA-H. 5. “WWSS?” Or, “What would Singapore say?” You don’t have to agree, but the question is usually worth asking. Here is […]
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Comments In reply to M. Sorry, the relevant graph is here. by M * #3: A way to visualize (if not really “explain”) the trend ... by M * In reply to Formerly K. That's fair; I think the point I ... by M * In reply to Formerly K. “intended to purify and constrain ... by Formerly K * 1 over at the view satire/not satire the msnbc meme zombies ... by we are all straussians now* * Plus 10 more...
Here is my Hayek lecture at LSE, from earlier in this week:
The post Economics, Hayek, and Large Language Models appeared first on Marginal REVOLUTION.
Related Stories* Emergent Ventures winners, 26th cohort
- Air Pollution Redux
- My new iPad Pro
Winston Iskandar, 16, Manhattan Beach, CA, an app for children’s literacy and general career development. Winston also has had his piano debut at Carnegie Hall. ComplyAI, Dheekshita Kumar and Neha Gaonkar, Chicago and NYC, to build an AI service to speed the process of permit application at local and state governments. Avi Schiffman and InternetActivism, […]
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Comments In reply to Scipio Africanus. It’s a scene by Thisthat * Lots of winners from waterloo ontario. Any reason for the ... by Scipio Africanus * Congrats to all the winners- I'm glad Tyler keeps doing this! by MS-1 Related Stories What should I ask Ada Palmer? * Why I am not entirely bullish on brain-computer interface * My excellent Conversation with Seth Godin
From a new Nature article by Adam M. Mastroianni and Daniel T. Gilbert: Anecdotal evidence indicates that people believe that morality is declining. In a series of studies using both archival and original data (n = 12,492,983), we show that people in at least 60 nations around the world believe that morality is declining, that they have […]
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Comments Peoples' perception of moral decline has more to do with easier ... by Gridlock * In reply to Bill. Christopher Wray is people's exhibit A. ... by Moral Hagfish * “they attribute this decline both to the decreasing morality ... by Crusader * Kids these days, amiright? by MikeP * In 2023, moral decline is both profound and obvious. by Bill*
- ChinaGPT (ahem). 2. Another review of Apple Vision Pro. 3. Some plausible views on the future of GPT. 4. Ben Springwater built a web site presenting some of the best blog posts on all time. 5. Eastern European growth rates?
The post Thursday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Formerly K. I think you are saying he is a ... by Reason * In reply to M. Or to stop spray on tan and bad combovers? by M * In reply to PHinton. Does the govt really need to insert ... by M * In reply to M. Makes sense. These are nations with high test ... by sxb * In reply to Torn. The whole avatar thing seems in need of ... by PHinton* * Plus 10 more...
New York City today has the worst air quality in the world, so now seems like a good time for a quick redux on air pollution. Essentially, everything we have learned in the last couple of decades points to the conclusion that air pollution is worse than we thought. Air pollution increases cancer and heart […]
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Comments Use the power of the market provide enough water to put out ... by I have a simple solution for this specific problem * Air pollution in the US has probably killed fewer people since ... by dearieme Related Stories The Growing Market for Cancer Drugs * The price discrimination culture that is Finland * The Poop Detective
A businessman in Finland has been slapped with a hefty €121,000, or $129,400, fine for speeding in a country where tickets are calculated based on income, a local paper Nya Åland reported. Anders Wiklöf, the chairman of Wiklöf Holding AB, was driving at 82km/h, or 51mph, when he entered a zone where the speed limit was 50km/h, […]
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Comments London is full of foreign plutocrats who drive and park as they ... by dearieme * In reply to You need the magic decoder ring. I don't think ... by M * He also said: “But I have heard that they are going to save ... by Stefan Schubert * In reply to Engineer. But then, I believe that the ... by Neither * Consider the fairly recent case of Paul Pelosi, DUI and causing ... by Engineer * Plus 10 more... Related Stories Air Pollution Redux * Evidence from Italy’s ChatGPT Ban * How D.C. densified
Here is the video, audio, and transcript. Here is part of the episode summary: Peter joined Tyler to discuss whether utilitarianism is only tractable at the margin, how Peter thinks about the meat-eater problem, why he might side with aliens over humans, at what margins he would police nature, the utilitarian approach to secularism and […]
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Comments In reply to BC. Of course, Tyler is also getting at this same ... by BC * In reply to Mixing moralities?. It’s notable how much ... by sonofid * In reply to Now, the rest of the transcript. “…impaled to ... by BC * I always think that someone who thinks there should be less ... by LivelyClock * In reply to CF. One standard argument, going back to ... by Anon * Plus 8 more... Related Stories What should I ask Ada Palmer? * My excellent Conversation with Seth Godin * Ian Dunt on how Westminster works, or doesn’t
I am very glad I bought one of these, and not only because my older iPad started to lose charge too quickly (after many years). The new device has for me three special and somewhat idiosyncratic benefits: 1. I don’t type very well on smaller devices such as smartphones. 2. On a very small screen, […]
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Comments But does it fit on your face? by MikeP Related Stories Marc Andreessen on AI safety and AI for the world * Apple Vision Pro is receiving strong reviews * Evidence from Italy’s ChatGPT Ban
- The influence of Mexico in Kenya (NYT). 2. Kevin Erdmann research roundup housing stuff. 3. Brian Chau argues for diminishing returns in machine learning. And Rohit Krishnan with AI solutions. 4. Terence Tao on convergence and “spotting deals.” 5. How likely are IIT graduates to migrate?
The post Wednesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to M. I think this is a slight oversimplification of ... by Formerly K * #5 so should the government Universities be taken over by the ... by Floccina * In reply to M. In my most recent paper, I show that rents ... by Kevin Erdmann * In reply to Ricky. Have the emigrants pay for their ... by Dismalist * In reply to MikeP. Just to clarify, the notion of flattening ... by MikeP* * Plus 10 more...
Wastewater surveillance is one of the few tools that we can use to prepare for a pandemic and I am pleased that it is expanding rapidly in the US and around the world. Every major sewage plant in the world should be doing wasterwater surveillance and presenting the results to the world on a dashboard. […]
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Comments “If you are the individual, let me know” And how is the ... by Rahul * “but they could probably be helped if they were ... by dearieme * Seems very speculative. If wastewater surveillance is expanding ... by Rahul Related Stories How the Russian Revolution boosted Marx’s influence * Why I am not entirely bullish on brain-computer interface * Ian Dunt on how Westminster works, or doesn’t
Too much of this literature emphasizes restaurants, here is another relevant sector: The nonprofit sector’s ability to absorb increases in labor costs differs from the private sector in a number of ways. We analyze how nonprofits are affected by changes in the minimum wage utilizing data from the Bureau of Labor Statistics and the Internal […]
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Comments So when you boost the incomes of the poor the demand for ... by Vulcidian * In reply to Dorey. Dishonourable motives may spread through ... by dearieme * Weird to see the free-floating, ill-defined hate for a ho-hum ... by Keith * In reply to Not just traditional neoclassical economics. ... by Chuck Kotlarz * The obsession with the MW and its negative impact on employment ... by rayward * Plus 9 more... Related Stories Paul Krugman on AI * The Growing Market for Cancer Drugs * Population Dynamics and Economic Inequality
I enjoyed his new book How Westminster Works…And Why It Doesn’t. Here is one short excerpt: The continued use of Downing Street is an act of pathological national sentimentality, the product of a country that has come to value tradition over function and its past over its future. Various attempts have been made to reform […]
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Comments They are doing everything in their power to keep Westminster ... by It is the EU * In reply to Dismalist. is it not? I think we intrinsically ... by wormbridge * “Open up candidate selection to the public”? Like the US ... by MP * that the winner takes all What specifically does this refer ... by Tom T. * Government facilities facing the public are always cramped and ... by Tom T. * Plus 3 more... Related Stories Orwell Against Progress * What should I ask Ada Palmer? * Sam Bowman on French success
So far I have explained why four of the five most often proposed risks of AI are not actually real – AI will not come to life and kill us, AI will not ruin our society, AI will not cause mass unemployment, and AI will not cause an ruinous increase in inequality. But now let’s […]
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Comments In reply to Greg. I'm not as convinced. Assuming each ... by OldCurmudgeon * In reply to Zote. “Yes, because buggymakers became car ... by Dismalist * This is such a bad essay. There is loads of irrelevant stuff ... by Dan Dennis * In reply to Yes, what happens if something that's very, very ... by ged * In reply to MikeP. Having conceded (5) AI enables bad people ... by Dzhaughn * Plus 10 more... Related Stories Apple Vision Pro is receiving strong reviews * Evidence from Italy’s ChatGPT Ban * Apple Vision Pro
But none of them had the advantages that Apple brings to the table with Apple Vision Pro. Namely, 5,000 patents filed over the past few years and an enormous base of talent and capital to work with. Every bit of this thing shows Apple-level ambition. I don’t know whether it will be the “next computing mode,” but […]
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Comments Never thought I'd see the day. Tyler Cowen citing techcrunch? ... by Antony T * In reply to Dan B. Shills, right on cue. by Dorey * In reply to Engineer. “Today [in 2022], gaming is the ... by PK * In reply to As a note. What makes you say that? I've done ... by It depends * I would be interested to hear from people with experience with ... by Engineer * Plus 10 more... Related Stories Evidence from Italy’s ChatGPT Ban * Apple Vision Pro * Paul Krugman on AI
This was one of those “within the first fifteen seconds you know it is going to be great” experiences. Yes the movie is too long at 2 hours, 20 minutes, but what part would you want cut? Every scene and indeed every frame jumps to life immediately and is a joy to watch and behold. […]
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Comments I found it fascinating the use of a superheros origin story, ... by Aladdin * In reply to Patrick. Have you heard about Subway's revamped ... by Jake W. * I realise it's a little obvious to state a sequel is not as ... by Not as good as the first... * Even if we get GPT-5 this year? by EB * A sentence from Cowen reminds you just how removed he can be ... by Sometimes, just sometimes * Plus 10 more... Related Stories Two movies I forgot to tell you about
Karl Marx’s high academic stature outside of economics diverges sharply from his peripheral influence within the discipline, particularly after nineteenth-century developments rendered the labor theory of value obsolete. We hypothesize that the 1917 Russian Revolution is responsible for elevating Marx into the academic mainstream. Using the synthetic control method, we construct a counterfactual for Marx’s […]
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Comments I have hypothesized that (i) academics are total power ... by y81 * In reply to rayward. “Revolution in the air today in ... by M * In reply to rayward. I should have mentioned that Putin ... by rayward * Of course, the irony is that Russia was an economic backwater ... by rayward * In reply to So Much For Subtlety. But Rosa Luxemburg did help ... by I am not Spartacus * Plus 9 more... Related Stories Orwell Against Progress * Orwell’s Falsified Prediction on Empire * Selective reporting of placebo tests in top economics journals
I agree that miracles may well be possible for disabled individuals, but I am less certain about their more general applicability. Here is one excerpt from my latest Bloomberg column: Another vision for this technology is that the owners of computers will want to “rent out” the powers of human brains, much the way companies […]
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Comments I can’t wait for Mike Judge to make a comedy about a bored ... by Benny Lava * We're not really equipped to deal with more bandwidth than our ... by Crikey Related Stories Two Podcasts * The international competition heats up * My excellent Conversation with Seth Godin
They are smart, but not ideal cooperators it seems, at least not without the proper prompts: Large Language Models (LLMs) are transforming society and permeating into diverse applications. As a result, LLMs will frequently interact with us and other agents. It is, therefore, of great societal value to understand how LLMs behave in interactive social […]
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Related Stories* Two Podcasts
- ChatGPT as marketing triumph
- Ho hum
In 2006, the federal government effectively uncapped student borrowing for graduate programs with the introduction of the Graduate PLUS loan program. Access to additional federal loans increased graduate students’ borrowing and shifted the composition of their loans from private to federal debt. However, the increase in borrowing limits did not improve access to existing programs […]
The post The incidence of loans for graduate education appeared first on Marginal REVOLUTION.
Comments while you were out -the dean o'diversity @university ... by Future Bill the sensitivity reader * No wonder so many colleges keep creating ever more new ... by Paul * It's college financial aid. It only makes sense that it goes to ... by BC * for a good time ask the dean o'diversity about presidential ... by Dr. jose X bidenski junios-alsatian, ph.d * if your parents/domestic terrorists are having trouble keeping ... by Future Bill the sensitivity reader * Plus 3 more... Related Stories The changing classic book culture that is German * Wheeling and Dealing: How Auto Dealers Put The Brakes on Direct Sales * The value of informal mentoring
Some while back, sunbathers in Germany, say on the river banks of a city, would be about 2/3 fully nude. Circa 2023, they are 100% wearing bathing suits or more. I believe the causes here are threefold: a) a Woke/prudery effect, b) an international conformity effect, and c) a fear of being posted on social […]
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Comments Be that as it may I can safely predict at least one story in a ... by dearieme*
- Digging through the Extropian archives. By Max T. 2. David French on the Right and masculinity, also relevant for understanding the MR comments section (NYT). 3. One million new galaxies discovered, ho hum. 4. The economics of augmented and virtual reality. 5. Vending machine eggs. Canadian. 6. Robin Hanson talks to David Wolpe about […]
The post Tuesday assorted links appeared first on Marginal REVOLUTION.
Comments 3. One million new galaxies discovered, ho hum: This is old ... by ZM * In reply to RAD. “the calm conviction required to publicly ... by Formerly K * My initial assessment of Trump was that he had many sound ... by dearieme * In reply to PHinton. Seems almost like you have no answer ... by M * In reply to TMC. A guy who's too scared to stand up against ... by Keith* * Plus 10 more...
Via Henry Farrell.
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Comments* It is possible to find things it does poorly, and feel some ... *by AL*
- In reply to Boris. ... by Equestrian
- In reply to rayward. “Yes, AI can be taught to be ... by Equestrian
- In reply to RAD. I'm pretty sure Taylor Swift's latest album ... by Boris
- In reply to Bill Benzon. Rewrite the poem Kubla Khan as ... by RAD
- Plus 10 more... Related Stories* AI Conquers Diplomacy
- One day’s worth of science consumption, from yesterday
- Hail to Our New Leader!
…some types of discrimination may be less apparent than others. Across seven studies (N=3,486, five preregistered), we find that attractiveness discrimination often goes undetected compared to more prototypical types of discrimination (i.e., gender and race discrimination). This blind spot does not emerge because people perceive attractiveness discrimination to be unproblematic or desirable. Rather, our findings […]
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Comments* One can only hope the attempts to make lookism the next thing ... *by chrisare*
- Anyone else perplexed with how Tyler's going to such great ... by harry
- In reply to Henk Bruinsma. Btw, I love Rubens. Not so much ... by Henk Bruinsma
- In reply to Henk Bruinsma. Is judging human attractiveness ... by rsm
- In reply to So Much For Subtlety. “(Rubens) was an outlier. ... by Henk Bruinsma
- Plus 10 more... Related Stories* Cognitive Behavioral Therapy among Ghana’s Rural Poor
- Productivity in the two Irelands (extrapolate this)
- AFA mask meeting update
We study the impact of group-based cognitive behavioral therapy (CBT) for individuals selected from the general population of poor households in rural Ghana (N = 7,227). Results from one to three months after the program show strong impacts on mental and perceived physical health, cognitive and socioemotional skills, and economic self-perceptions. These effects hold regardless […]
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Related Stories* Productivity in the two Irelands (extrapolate this)
- Bikers for Organ Donation
- The cost of regulatory compliance in the U.S.
Winnie Nakiyingi, a Ugandan Statistician living in Rwanda, works as a graduate teaching assistant at the African Institute of Mathematical Sciences (Kigali campus). She is the founder of an organisation (Words That Count) which promotes STEM careers to girls in Africa. The grant is to further expand the organisation and help to create more content. […]
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Comments* In reply to So Much For Subtlety. I think thiis is a little ... *by Marie*
- I don't want to be cynical about Africa but these awards always ... by So Much For Subtlety
- In reply to rsm. Our elite now exists only to replace itself. ... by truth777
- If these ppl got generous, dollar-denominated, non-tax-funded, ... by rsm
- Al X. TabarRoX ... by sisterogersintersectionalneighborhoodfilmreviews
- Be less scared of overconfidence. 2. Teaching ChatGPT to play overrated vs. underrated. And ChatGPT on the Japanese economy (Bloomberg). And more from ChatGPT. 3. On SBF and EA (New Yorker). 4. “If so, your dream job awaits: New York’s Citywide Director of Rodent Mitigation.” 5. James Austin Johnson does Bob Dylan singing Jingle […]
The post Saturday assorted links appeared first on Marginal REVOLUTION.
Comments* In reply to j mct. George Schultz and Henry Kissinger, ... *by RAD*
- In reply to Carmex. what criteria would you use in deciding ... by justafool
- In reply to rsm. The transaction the Fed & Treasury made a ... by seegs
- In reply to Reason. For those in the cheap seats, a plausible ... by Reason
- In reply to rsm. Bailing out AIG may not be cool, but it was ... by TARP Truther
- Plus 10 more...
We apply deep learning to daytime satellite imagery to predict changes in income and population at high spatial resolution in US data. For grid cells with lateral dimensions of 1.2 km and 2.4 km (where the average US county has dimension of 51.9 km), our model predictions achieve R2 values of 0.85 to 0.91 in levels, […]
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Comments* In reply to rayward. his history is one with few if any ... *by So Much For Subtlety*
- BC, such as the academy, the tower that fell, it is greed; and ... by Equestrian
- I asked ChatGPT to write a Christmas carol about their ... by dan1111
- In reply to Pedant. The deer are invisible now. I am ... by Equestrian
- In reply to rayward. Access to capital formulation befuddles ... by Equestrian
- Plus 7 more... Related Stories* Productivity in the two Irelands (extrapolate this)
- AFA mask meeting update
- Hail to Our New Leader!
Of the 17 sectors for which we have comparable data, productivity levels in Ireland noticeably exceed those of Northern Ireland in 14 sectors, with particularly large gaps in Administrative and support services activities; Financial and insurance activities; Legal and accounting activities etc; and Scientific research and development. Northern Ireland has an advantage in the two […]
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Comments* In reply to Vivian Darkbloom. Republic of Ireland seems to ... *by Dismalist*
- Just from reading the 1st paragraph of the post it appears ... by Bazza
- “… with particularly large gaps in Administrative and ... by Vivian Darkbloom Related Stories* AFA mask meeting update
- Hail to Our New Leader!
- US GDP Per Capita
- Which condiments or sauces are worth being obsessed with? 2. Why life on Titan is such an important question. 3. The House of Representatives is making its first film ever, on economic inequality. 4. What would Rene Girard say? (Couples with the same name, WSJ) 5. Are you a brokenist? And is there a […]
The post Friday assorted links appeared first on Marginal REVOLUTION.
Comments* 1) Hot sauce for me. Finding the right one that 1) has depth ... *by Guy Robert*
- Obsessed with? Meh – hyperbole. But worcestershire sauce is ... by Phil S.
Dear AFA Member: Given the vaccine requirement to register for the ASSA meetings, the AFA Board has decided to make mask-wearing optional at the AFA sessions held in the Sheraton Hotel in January 2023. We will respect each individual’s decision on whether to wear a mask. (Please note that you may still be required to […]
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Comments* But I’d be interested to see what the distribution is of ... *by Not attending this year…*
Related Stories* Hail to Our New Leader! * MRU/Retainit sign-ups * Harvard fact of the day
A novel, one of the best books of the year, also short and readable. The author is from Strasbourg. “I’ve read enough about the Holocaust” is not a good reason to avoid iihs book. Here is a short review, and you can buy it here. Hhow does in fact a sophisticated doctor become a Nazi […]
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Comments* In reply to Calvin Hobbes. I'm not a Democrat. *by Hazel Meade*
- In reply to steve. “No. We followed treatment norms ... by JWatts
- In reply to Hazel Meade. People are innately born with a ... by Wish it were that simple
- In reply to Hazel Meade. Is there no relation at all between ... by peri
- In reply to Calvin Hobbes. By being completely overcome with ... by Derek22
- Plus 10 more... Related Stories* What should I ask Tom Holland?
- The Center for Strategic Translation
- The return of the horse?
Harvard employs 7,024 total full-time administrators, only slightly fewer than the undergraduate population. What do they all do? And an example: Yet of the 7,000-strong horde, it seems that many members’ primary purpose is to squander away tax-free money intended for academic work on initiatives, projects, and committees that provide scant value to anyone’s educational […]
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Comments* In reply to Dino the Isaurian. Of course there is tons of ... *by Niko Davor*
- I think this could do with a deeper dive to clarify where this ... by Aging Lurker
- In reply to JWatts. In fairness, they may be buying off ... by Oldcurmudgeon
- In reply to K.. Russia bad. Must suppress mentions, even ... by Reply
- In reply to surfie. Where are the stipends for the union ... by Reply
- Plus 10 more... Related Stories* Hail to Our New Leader!
- ChatGPT
- MRU/Retainit sign-ups
mRNA multi-strain flu vaccine ChatGPT, here are some new examples Neuralink announces human brain-computer interface in six months Physicists create a wormhole using a quantum computer New results on the Riemann hypothesis And…it seems James Joyce was a great singer Yet not all results are going well
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Comments* In reply to JFA. They actually tested mortality, severe ... *by Symptomatic Infection*
- In reply to extramsg. The problem of language models for ... by Bob
- In reply to extramsg. I've actually used AI a lot, and when I ... by Ryan
- Flu kills anywhere from 300,000 to 1M people every year. If you ... by Boonton
- Good riddance to the great stagnation! I'm so psyched to see ... by Joe Teicher
- Plus 9 more... Related Stories* AI Conquers Diplomacy
- Hail to Our New Leader!
- What should I ask Tom Tugendhat?
- Why so few protests in Russia? 2. Did English case law boost the Industrial Revolution? 3. GMU thinkers as religious thinkers, and don’t forget RH… 4. Henry Oliver’s best books of the year list. 5. Building the World Trade Center. 6. Appreciation of James Lovelock. 7. More on Tether risk (WSJ). 8. GMU enters […]
The post Thursday assorted links appeared first on Marginal REVOLUTION.
Comments* A large part of why there are no mass protests (as opposed to ... *by Widmerpool*
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- Not many people are alive who remember what a fascinating ... by Faze
- In reply to Nope. And what was Sleepy Joe's Viet Nam ... by Kit
- In reply to Derek22. This is what happens when reading ... by Fbomb
- In reply to Naveen K. How does Europe value law and peace ... by aaron
- Plus 10 more...
$77,011, as of third quarter 2022. Hat tip: Jeremy Horpedahl.
The post US GDP Per Capita appeared first on Marginal REVOLUTION.
Comments* Political Calculations' initial estimate of median household ... *by Benjamin Cole the Tin-Foil Hat Economist*
- In reply to Real Bread. My local Safeway (Kroger) sells ... by EdR
- In reply to Oldcurmudgeon. It also includes legal billings. by mikey
- In reply to Not so fast, there, bro. Another bigot posting ... by JWatts
- In reply to Etalon d’Silomar. They both matter. If you want ... by Larry Siegel
- Plus 10 more... Related Stories* Hail to Our New Leader!
- MRU/Retainit sign-ups
- Shruti Rajagopalan has a new Substack
How can we reduce housing prices? Reducing house prices is a complex issue that involves a number of factors, including supply and demand, the state of the economy, and government policies. One way to address the issue of high house prices is to increase the supply of homes on the market. This can be done […]
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Comments* In reply to rayward. The AI is only replicating the ... *by ranchdog*
- In reply to so what?. You're only accounting for people who ... by mkt42
- In reply to nf. I truly believe that someday an AI will be ... by Slocum
- In reply to Robert kaul. That will increase low end house ... by Bazza
- In reply to rayward. Given most houses are bought with ... by Bazza
- Plus 10 more... Related Stories* MRU/Retainit sign-ups
- ChatGPT
- US GDP Per Capita
Tom is a member of British Parliament, now in Cabinet with the security portfolio, and from Wikipedia: Before entering politics, he worked as a journalist and as a public relations consultant in the Middle East. He also had a part-time role as an officer in the British Army reserves, the Territorial Army; he served in […]
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Comments* In reply to Sort of. That he was a blatantly self-serving ... *by LivelyClock*
- How did studying Arabic in Yemen affect his life trajectory? by ASH III
- Tom Tugendhat is a member of the UK government and hence will ... by Tony in London
- Canada today became the third country, after Ireland and the ... by Peter dahlin
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- How important is character in leadership? How does he ... by KR
- Plus 10 more... Related Stories* The polity that is German
- AI Conquers Diplomacy
- Shruti Rajagopalan has a new Substack
Lots of semi-sparring, engaging throughout. Here is the audio, video, and transcript. Here is part of the episode summary: He joined Tyler to discuss the most binding constraint on the green transition, why we need an alternative to lithium, the important message sent by Biden’s Climate and Taxes Act, the marginal cost basis of green […]
The post My Conversation with Jeremy Grantham appeared first on Marginal REVOLUTION.
Comments* In reply to blank. One, just one volcano goes off, and ... *by blank*
- In reply to blank. Where women are given a choice, they, over ... by blank
- In reply to Bazza. India, Indonesia, Sub Saharan Africa. ... by blank
- In reply to Bazza. Yet here you are strategically trying to ... by RAD
- In reply to Tough Question. TQ, What's wrong with being happy ... by blank
- Plus 10 more...
Here. Told you so.
The post ChatGPT appeared first on Marginal REVOLUTION.
Comments In reply to Devon. I'm sorry, but I am not able to change the ... by Eze Tua * I asked it what the population of China was in 1850, and it ... by jmkd * Told you so? This is an augmentation of GPT-3, not the ... by John (22) at Notre Dame * I think I crashed it. Happens all the time with the apprentices ... by derek * In reply to sxb. So it provides information roughly ... by Will * Plus 10 more... Related Stories MRU/Retainit sign-ups * What Makes Us Human? * What rises and falls in status through the FTX story?
Faced with climate breakdown, the energy crisis, and modern stress levels, there is a growing movement in French towns to bring back the horse and cart as an alternative to fossil fuels and a way to slow down urban life. Florence, an estate agent in Hennebont, always stepped out of her office to watch the […]
The post The return of the horse? appeared first on Marginal REVOLUTION.
Comments In reply to General. The horse as therapy. Yup. by Dismalist * Boston Dynamics should just make some robot horses. by Felipe * In reply to The hoarse whisperer. >Faced with climate ... by Derek22 * In reply to B.B.. Having to pass these things on two lane ... by Peter * In reply to dibigid. He is kind of a climate skeptic , not in ... by sxb * Plus 10 more... Related Stories Why aren’t more currencies more valuable than the U.S. dollar? * Which country or region has been part of the most empires? * What should I ask Tom Holland?
- Why are sports teams worth so much more? 2. Ilya Somin on classical liberals vs. the New Right. 3. Increasing support for Republicans amongst Native Americans. 4. Goods spending vs. services spending, updated. 5. Individuals whose brains age slowly. 6. Jiang Zemin, RIP (NYT).
The post Wednesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to M. “Did the children of the Baby Boom's ... by Lord Action * In reply to Lord Action. For his popularity it sounds like a ... by M * wednesday's woke & pear-shaped in academia award winner ... by sisterogersintersectionalneighborhoodfilmreviews * In reply to Lord Action. Ideologues gonna ideologue. The ... by Anti-Gnostic * In reply to Justin. “The emerging Republican majority”, ... by M* * Plus 10 more...
In this cross-sectional study of 10 798 organ donors and 35 329 recipients of these organs from a national transplant registry from 2005 to 2021, there were 21% more organ donors and 26% more transplant recipients per day during motorcycle rallies in regions near those rallies compared with the 4 weeks before and after the rallies. Both […]
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Comments In reply to Rich Berger. Why didn't they simply graph ... by rsm * In reply to Sure. If my brother had announced his intention ... by rsm * In reply to Covid Toes. I would presume someone who works at ... by steve * In reply to rsm. It is. Nobody has had suicide on the ... by Sure * In reply to dearieme. They can be fun, especially now that ... by steve * Plus 10 more... Related Stories How good are on-line reviews for physicians? * Speeding up Inhaled Vaccines * Edible Economics
France is the only one of the 27 EU member states to have missed its objective for 2020, when renewable energy represented 19.1% of its consumption, below the 23% target. Sigh. Here is the full story, via Nicanor.
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Comments In reply to andrew97. Ok, I stand corrected. by JWatts * In reply to andrew97. “I suspect if SpaceX can reduce ... by Lord Action * In reply to sxb. The long-term stable waste isn't what I'm ... by andrew97 * In reply to andrew97. It’s held in pools because no one ... by sxb * In reply to Larry Siegel. Chornobyl is not in Russia. by Widmerpool * Plus 10 more... Related Stories The cost of regulatory compliance in the U.S. * Child care sentences to ponder * How to fix the administrative state
- Annie Ernaux, The Years. The most famous book by the most recent Nobel Laureate in literature, and a good and stimulating read. It takes about twenty pages before you figure out what is going on, so stick with it. Nabeel was ahead of the curve with this one. 2. Maria Edgeworth, Ormond. An Irish […]
The post What I’ve been reading appeared first on Marginal REVOLUTION.
Comments In reply to Slocum. Northern Silence: Without Nordics by peri * In reply to Samsondale. “It's no joke.”–Jordan Peterson by zztop * 'the Anglo-Irish and “Irish” ' Clumsily put. You might have ... by dearieme * Penguin's Ormond on Amazon: http://www.amazon.com/dp/0140436448 ... by Cornflour * In reply to Slocum. Other titles in the series: “Sewage ... by Samsondale* * Plus 10 more...
A Buddhist temple in central Thailand has been left without monks after all of its holy men failed drug tests and were defrocked, a local official said Tuesday. Four monks, including an abbot, at a temple in Phetchabun province’s Bung Sam Phan district tested positive for methamphetamine on Monday, district official Boonlert Thintapthai told AFP. […]
The post Solve for the equilibrium appeared first on Marginal REVOLUTION.
Comments in a thai village lived a young woman, a convert to ... by paddy * In reply to Cooper. other cultural genocide: upping the sunni ... by paddy * In reply to rsm. Good phrase. Like sin-eaters? by Some Toronto Guy * In reply to Rich Berger. For the same reason cops stop and ... by Some Toronto Guy * In reply to Steve. Different, anyway. I don't have a metric ... by y81 * Plus 10 more... Related Stories What should I ask Tom Holland? * The religious belts in Europe
Marginal Revolution University has partnered with a recent Emergent Ventures grantee to build ‘Duolingo for economics’. They’re building a mobile app to help you learn and think about economics more effectively (for free), starting with courses on the fundamentals. You can join the waitlist here. That is from Michael Slade of Dublin.
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Comments In reply to yes very ineffective indeed. Heard good things ... by Paul * In reply to rayward. it is econ 101 that has a conservative ... by joan * Tyler, do you plan on doing more videos like you did in the old ... by Paul Wall * In reply to Dismalist. If you'd told Reagan budget deficits ... by rsm * In reply to Will. You're the one reading us. Wocka Wocka! by kwazii * Plus 10 more... Related Stories What rises and falls in status through the FTX story? * Shruti Rajagopalan has a new Substack * The cost of regulatory compliance in the U.S.
- Behavioral approaches to increasing savings seem to work in the U.S. military. 2. MIE: “A rare opportunity to purchase one to five adjoining stall seats in the world’s most prestigious concert hall.” 3. A typology of the New Right. 4. On the Diplomacy AI. 5. Are we seeing a global cognitive convergence? 6. Identical […]
The post Tuesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Rando. Is it also obvious that that people who do ... by joan * In reply to Viking. If you want to keep the Legion loyal and ... by Anti-Gnostic * In reply to Wondering. Interesting measure, looking at the ... by M * In reply to Anti-Gnostic. Eh, having “no enemies to the ... by M * In reply to Asking 4a Friend. “I'd like to be pimps from ... by Anon* * Plus 10 more...
“Get Down and Shruti” (how many of you get the musical reference?). Here is an excerpt from the first post, “Why everyone should pay more attention to India”: Globally, one in five people below 25 is from India. 47% of Indians, about 650 million, are below the age of 25. This group of young Indians […]
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Comments No one got the Shakti reference. So sad. by fpf3 * >American and British labor markets face a massive shortage of ... by Joe * In reply to So Much For Subtlety. > Indians in America are ... by FG * In reply to mkt42. True, I think the lesson is still largely ... by Tangential Point * In reply to Tangential Point. I thought the Brits won one of ... by mkt42 * Plus 10 more... Related Stories The cost of regulatory compliance in the U.S. * Child care sentences to ponder * Protesting via Equation
We quantify firms’ compliance costs of regulation from 2002 to 2014 in terms of their labor input expenditure to comply with government rules, a primary component of regulatory compliance spending for large portions of the U.S. economy. Detailed establishment-level occupation data, in combination with occupation-specific task information, allow us to recover the share of an […]
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Comments I have seen my employer and other large established ... by Phil (not Bill) * In reply to JWatts. Work in compliance at a giant bank in the ... by BigBank * In reply to rayward. Automatic downvote on this comment. by Bill * In reply to Bill. Automatic downvote on this comment. Another ... by Bill * In reply to Andy. Just ask SBF. by John * Plus 10 more... Related Stories Child care sentences to ponder * Detective Wanted * Nuclear power doesn’t count as green in the EU
There is to date little or no evidence of beneficial effects of longer parental leave (or fathers’ quotas) on maternal participation and earnings. In most cases longer leave delays mothers’ return to work, without long-lasting consequences on their careers. More generous childcare funding instead encourages female participation whenever subsidized childcare replaces maternal childcare. That is […]
The post Child care sentences to ponder appeared first on Marginal REVOLUTION.
Comments “maternal participation and earnings” That's the wrong ... by Scott Mauldin * In reply to dearieme. Hold on. Sunday School, and a visit ... by dearieme * In reply to We need men doing the important stuff. ... by What's emanating from your penumbra * In reply to Some Toronto Guy. We played a bit rougher. ... by Dinwar * In reply to Clay. How does one “live like a man”? by John * Plus 10 more... Related Stories Detective Wanted * One reason why TFR problems are hard to fix * More on the nominal strength of the dollar
- Scott Sumner on Robert Louis Stevenson. 2. A man won the legal right to not be ‘fun’ at work after refusing to embrace ‘excessive alcoholism’ and ‘promiscuity’ [France]. 3. Claims about GPT-4. 4. Canadian commercial for assisted suicide. 5. One take on the Stanford academic freedom conference. 6. New data on the exoplanet, through […]
The post Monday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to EdR. Scott is a good storyteller but his prose is ... by Led * In reply to rsm. He did pass five years ago… by kwazii * In reply to Hadur. It's not really a few million, unless you ... by kwazii * In reply to andrew97. I don't know, to me, it's always been ... by HalfRadish * In reply to Bazza. These are not comparable things, no. by No.* * Plus 10 more...
Students in Beijiing protest via equations. Any mathematicians care to guess why? Answer in the comments. A hint. I would have gone with Mv=PY. Hat tip: Nathan Law.
The post Protesting via Equation appeared first on Marginal REVOLUTION.
Comments The protesters reported holding up blank pieces of paper seem ... by Maybe those were the only sheets of paper available? * Its from the Friedmann Equations, as in “Free-man”. See ... by Nathan * Friedman equation by Chaos Related Stories Speeding up Inhaled Vaccines * The polity that is German * AI Conquers Diplomacy
From the preview I feared it might be unwatchable, but it far exceeded expectations. This story of Spielberg’s own childhood life (a risky premise for a sentimentalist!) is one of the best Spielberg movies, one of the best movies about America “back then,” and one of the best movies about the power of cinema itself. […]
The post The Fabelmans appeared first on Marginal REVOLUTION.
Comments In reply to The Scary Black Hundreder. By any measure the ... by So Much For Subtlety * In reply to Gertrude Struber. There's a host of ... by It Ain't Necessarily So * I love your final point about being commercially irrelevant. ... by Skeptic * In reply to So Much For Subtlety. I saw Duel pretty recently. ... by Derek22 * In reply to So Much For Subtlety. I grew up in the 50’s and ... by Rich Berger * Plus 10 more... Related Stories My Conversation with Ken Burns * Love and Let Die
We compare the online reviews of 221 “Questionable” Illinois and Indiana physicians with multiple paid medical malpractice claims and disciplinary sanctions with matched control physicians with clean records. Across five prominent online rating services, we find small, mostly insignificant differences in star ratings and written reviews for Questionable versus control physicians. Only one rating service […]
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Comments In reply to William Meller. So, then what do you suggest, as ... by Bob * In reply to Jacopo. I think the point of communication skills ... by Ricardo * In reply to rayward. I should clarify that the conspiracy of ... by rayward * Online ratings for everything are inaccurate, whether for ... by rayward * Patient rankings are not a good measure. It is well known in ... by So Much For Subtlety * Plus 10 more... Related Stories Speeding up Inhaled Vaccines * China fact of the day (with the usual grain of salt) * FDA Deregulation Increases Safety and Innovation and Reduces Prices
- U.S. restrictions on GPU sales to China. 2. Inside (one part of) the pro-natalist movement. 3. What is going on in Quebec’s health care system? 4. Annie Lowery on women in the economics profession. 5. Intentional, or was there a trickster (or Straussian) involved in this one? 6. Thread on the Chinese protests. And […]
The post Sunday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Larry Siegel. The link is about shortages in ... by MikeP * Not being a parent, I'm indifferent to her plight. But at ... by niaiseux avec la puck * In reply to Jacques René Giguère. Protestant Canada had ... by mgregoire * In reply to Bazza. Barmy, like my wife. (You and I do not ... by Larry Siegel * In reply to MikeP. I was never in favor of locking down ... by Larry Siegel* * Plus 10 more...
After Operation Warp Speed was disbanded by the Biden administration, vaccine development slowed from warp speed to impulse power. The rest of the world now has some innovative vaccines not yet available in the United States. China, for example, has an inhaled vaccine. We don’t yet know how good the vaccine is and China, of […]
The post Speeding up Inhaled Vaccines appeared first on Marginal REVOLUTION.
Comments In reply to A B. It always struck me as silly that when ... by Tbh I agree with Chinese method more than the American one * In reply to Mark Brophy. On the German post a few days back ... by A test * In reply to Chinky chink. Alex may look white but he’s a ... by Hey Alex * In reply to Godfree Roberts. For the record, China recorded a ... by A B * In reply to Jonathan Vause. China's 'strongman' (who, unlike ... by Godfree Roberts * Plus 10 more... Related Stories The polity that is German * AI Conquers Diplomacy * The FTX Debacle ELI5
I am listing only new releases: Bach, Johann Sebastian, complete Sonatas and Partitas for violin, Fabio Biondi. Perhaps the only recording I like as much as the older (stereo) Milstein performance? Bach, Johann Sebastian, The Art of Life, Daniil Trifonov, The Art of the Fugue (favorite of Thomas Schelling!) is the main work here. Schelling, […]
The post What I listened to in 2022 appeared first on Marginal REVOLUTION.
Comments In reply to Ramagopal. The Goldberg Variations is a ... by Norwegian * In reply to Raimu. Strong upvote for David's channel: he ... by Lee * In reply to Ramagopal. 《how I can learn to appreciate this ... by rsm * In reply to William. Is the feel just a bit too pompously ... by rsm * The absolute best overview of how to appreciate music available ... by dtanderson29 * Plus 10 more... Related Stories Love and Let Die * Gal Costa, RIP * The Philosophy of Modern Song
And that is bad! (Never reason from an income inequality decline.) Despite a recent rebound, equity prices are still down considerably from their peaks, and of course that in percentage terms is a larger loss for wealthier people. Here is one part of my latest Bloomberg column: And it’s not as if people on the […]
The post Wealth and income inequality have been falling appeared first on Marginal REVOLUTION.
Comments In reply to EdR. Also, baggage handlers at Logan Airport are ... by Worley * In reply to Ricardo. A decade or so ago, I looked, and the ... by Worley * In reply to Crusader. If we import 700 million desperately ... by Gman * In reply to Jake W.. A society with increasing wealth ... by WB * In reply to Jean Passepartout. Technological changes that the ... by surfie* * Plus 10 more...
Yes the expenditures had prior approval, but that does not always lead to productive results: Nine months ago, in the wake of Russia’s full-scale invasion of Ukraine, Olaf Scholz declared a Zeitenwende — a turning point — for Germany’s military and its place in the world. But since then, barely any of the €100bn in […]
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Comments In reply to M. As I wrote above: “… one gets stronger ... by Crikey * In reply to Crikey. We don't have the parallel, but I'd think ... by M * In reply to Crikey. Bazza, economic power and logistics are ... by Crikey * In reply to surfie. Kinda got what they deserved after ... by Quigley * In reply to surfie. Not a worthwhile World. NATO is the ... by Jer * Plus 10 more... Related Stories AI Conquers Diplomacy * The Center for Strategic Translation * How to fix the administrative state
- Private market exchange putting Americans in touch with Ukrainians they wish to aid (WSJ). 2. Fabio Rojas is now on Substack. 3. Data on the sex lives on Cambridge (UK) students, including by major. Selection bias, but still…and why aren’t there more philosophy majors? 4. Notes on Saudi Arabia. 5. Arnold Kling on feminization.
The post Saturday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to mkt42. A follow-up: I read most of Lakeman's ... by mkt42 * In reply to JFA. Simply more evidence that the “college ... by JK Brown * In reply to Ricardo. > Get a bunch of straight boys or men ... by Stendell * In reply to skyzyks. Interesting article, but it wasn't the ... by the mask eats the face * In reply to Wanda. Get a bunch of straight boys or men ... by Ricardo* * Plus 10 more...
Perhaps much larger birth subsidies would help to raise birth rates. But the world with much larger birth subsidies might also coincide with a world where the social pressures to have (more) children are higher than under the status quo. Many women would be worse off with such pressures, or at least they feel they […]
The post One reason why TFR problems are hard to fix appeared first on Marginal REVOLUTION.
Comments In reply to Bazza. Oops, my bad by Horhe * In reply to J. Current global population is >8 BILLION. ... by surfie * In reply to JonFraz. JonFranz, if everybody stopped having ... by JonFranz is a Freerider * In reply to JonFraz. Yep, avoid all seven of them out there. ... by Dating Advice From JonFranz is Overrated * In reply to So Much For Subtlety. > I suggest a different ... by west * Plus 10 more... Related Stories More on the nominal strength of the dollar * Detective Wanted * Why aren’t more currencies more valuable than the U.S. dollar?
If the UK continues with the same level of growth it has seen for the last decade,” writes Sam Ashworth-Hayes, “Poland will be richer than Britain in about 12 years’ time”: It sounds like an absurd idea that in 2040 we might see complaints in the Polish press about a flood of British plumbers undercutting wages, or Brytyjski Skleps […]
The post Poland projection of the day appeared first on Marginal REVOLUTION.
Comments In reply to Larry Siegel. Sophistication = ethnic diversity? by M * Much of the success of Poland and the V4 is driven by ... by Dendro * In reply to M. Yeah, but the other side of the argument is ... by TMC * In reply to TMC. “”have cousins in Ireland”” Um, ... by TMC * In reply to M. Well there's the actual financial figures too, ... by TMC* * Plus 10 more...
- Law in the Bahamas. At least at times. And impact of the FTX collapse on the Bahamas (FT). And WSJ on the Bahamas. 2. How physics can improve the urinal. 3. “During the 1920s, the EBR [Eastern Bengal Railway] continued to grow by merger and amalgamation, and also began to convert sections of metre […]
The post Friday assorted links appeared first on Marginal REVOLUTION.
Comments #6…Good article. Sound. by Donald Pretari * In reply to So Much For Subtlety. Bengal was run by Moslem ... by dearieme * #5. I didn't see anywhere in the study that they made an effort ... by extramsg * In reply to Agreed. Could be worse! by Brandon * In reply to Dismalist. Pegging is underrated. by Meat and potatoes* * Plus 10 more...
Adrián Lucardi writes to me, addressing yesterday’s question of why more currencies are not nominally stronger than the USD: Short answer: costly to implement; few direct (political or macroeconomic) benefits if things go well; but politically costly if things turn sour. Long answer: Suppose you’re the dictator of a non-serious country who wants a “strong” local […]
The post More on the nominal strength of the dollar appeared first on Marginal REVOLUTION.
Comments In reply to a-non. Yes. It’s like saying this one goes to ... by John * I was in Japan in summer '75, and the yen then was about 350:1 ... by Tom Grey * In reply to Tyler Cowen. Okay, thank you for that ... by Various * In reply to Ringo. You cannot explain the strength of the ... by The Lunatic * In reply to John. 'dollar' not 'solar' by John * Plus 10 more... Related Stories One reason why TFR problems are hard to fix * Detective Wanted * Why aren’t more currencies more valuable than the U.S. dollar?
Nat Friedman is seeking a full-time solo technical leader to go on a modern day Indiana Jones-style treasure hunt. You will be responsible for starting and running a crowdsourced effort to crack an archaeological puzzle of great historical significance. Success would be global news, could rewrite large chunks of history, and is guaranteed to be a […]
The post Detective Wanted appeared first on Marginal REVOLUTION.
Related Stories* What determines graduate admissions for economics?
- Why aren’t more currencies more valuable than the U.S. dollar?
- In the second chamber of the UK Parliament this last week
Rob asks: I would love to see you write on how AI changes the value of language learning, at the margin. Two thoughts: The value of learning languages in order to “get” a culture more deeply probably doesn’t change much. On the other hand, international students probably have much less incentive to learn English — […]
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Related Stories* What determines graduate admissions for economics?
- Videos from the Stanford academic freedom conference
- What rises and falls in status through the FTX story?
The currencies from Kuwait and Bahrain and Grand Cayman are more valuable than the U.S. dollar, the British pound, and the euro usually if not always as of late. Why aren’t more currencies greater in nominal value? True, nominal variables should not matter past the short run, but that does not answer the question. Why […]
The post Why aren’t more currencies more valuable than the U.S. dollar? appeared first on Marginal REVOLUTION.
Comments Tyler is fully aware of the monetary history that led to the ... by alaska3636 * That would be tempting fate, wouldn't it? by rjk Related Stories In the second chamber of the UK Parliament this last week * AI Conquers Diplomacy * What determines graduate admissions for economics?
- Does quantum entanglement enable mechanisms that guarantee PD cooperation? 2. Building the Empire State Building. 3. Enter Inspector Gadget, and Wilkie Collins. 4. FT dialogue with Brad DeLong. 5. The other AEA — Actors’ Equity Association — lifted mask mandates some while ago. It is not too late for our AEA — American Economics […]
The post Assorted links appeared first on Marginal REVOLUTION.
Comments In reply to JWatts. It seems to be true of most mega ... by seegs * In reply to Edward Burke. Substitute HEPA filters for ... by albatross * 1. Not loving the paper, I think an Open Access journal was the ... by Keith * It seems to be true of most mega projects, the Erie Canal was ... by seegs * Just gotta say that Brian Potter is uniformly excellent…. by Quigley* * Plus 8 more...
Have you noticed that Brussel sprouts are enjoying a renaissance? Once scorned they are now showing up at top-notch restaurants. NPR: Foods go in and out of style. Few of them, though, have gone through as dramatic a renaissance in their reputation as Brussels sprouts. …Shannan Troncoso remembers hearing, about a decade ago, that celebrity […]
The post Brussel Sprouts are Good appeared first on Marginal REVOLUTION.
Comments I didn’t like Brussel sprouts as a child which is not ... by Fred * In reply to peri. And it is fun to look on the bag and see ... by peri * In reply to John Durant. Roasted Brussels sprouts have been a ... by peri * In reply to Toadvine. Talk about “played out”. Wait until ... by Scott H. * The avant-garde in restaurants brought brussel sprouts back ... by Scott H.* * Plus 10 more...
Happy Thanksgiving! The painter’s name is…George Mason, further explanation here.
The post The Harvest Moon appeared first on Marginal REVOLUTION.
Comments Happy Thanksgiving to everyone! by JWatts * In reply to Andy. Well, all the pilgrims that started ... by JWatts * Happy Thanksgiving to most Americans, except those that live in ... by Trump getting his Twitter back could get us all killed. You’d think he spent a whole day falsely claiming that Russia launched a missile strike on NATO * In reply to Anti-Gnostic. Very touching, seeing that returned ... by Aunt Jemina * And to you, Tyler. I remain thankful for your contributions ... by CB * Plus 10 more... Related Stories My Conversation with Ken Burns * My excellent Conversation with Mary Gaitskill
Lord Triesman: I will tell the noble Baroness, Lady Smith, that at Cambridge University, after the faculty of economics was redecorated, I was inveigled into taking part in a debate as to the order in which the portraits of its Nobel prize winners should be rehung and whether it should be Marshall or Keynes in […]
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Comments In reply to Derek22. Will there always be a Bangladesh? I ... by Horhe * I can't help feeling that neither of the parties in this ... by So Much For Subtlety * I didn't know, so some of you might find it helpful: ... by ds * In reply to Anonymous. It is Cambridge. Neither side has any ... by So Much For Subtlety * Why not alternate ? Even years Marshall, odd years Keynes ? by Gareth * Plus 10 more... Related Stories Why aren’t more currencies more valuable than the U.S. dollar? * AI Conquers Diplomacy * What determines graduate admissions for economics?
- Happy to see that Alexa is losing money. 2. What does an inflation-proof Thanksgiving dinner look like? 3. Ross D. on indigenous America (NYT). 4. Asterisk, a new magazine. 5. Native Land, a service to help map indigenous ownership. 6. Fantasy League for economists? 7. Supreme Court agrees to hear Jack Daniel’s trademark case […]
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Comments In reply to Roger Sweeny. “so residency requirements for ... by JWatts * In reply to Roger Sweeny. Set it up as a grant. Plenty of ... by JWatts * In reply to Mike. Deaths are currently 300-400/day so we are ... by steve * #5 – Presumably over the coming weeks/years this map will be ... by Booker * In reply to TheWeasel. Since the Supreme Court took the case ... by Ricardo* * Plus 10 more...
Diplomacy is a 7-player game in which players must persuade, cajole, coordinate, strategize, bluff and lie to one another in order to take over the world. For the first time, an AI has achieved success in Diplomacy: Over 40 Diplomacy games with 82 human players involving 5,277 messages over 72 hours of gameplay, CICERO achieved […]
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Comments Keep in mind that since the game is zero-sum to do well the AI ... by Michael Watts * In reply to dan1111. Right, an “AI alignment problem” is ... by BC * In reply to Kevin Postlewaite. Kevin, You are actually ... by Bill * In reply to JWatts. “A zero sum game means definitionally ... by mkt42 * In reply to JWatts. I don't disagree with any of this. I ... by dan1111 * Plus 10 more... Related Stories The FTX Debacle ELI5 * Can AI make crypto safer? * The Center for Strategic Translation
Behind the links are sometimes but not always my longer reviews. The list is (mostly) in the order I read them. Here goes: Markus Friedrich, The Jesuits: A History. Barbara Bloemink, Florine Stettheimer: A Biography. Anna Keay, The Restless Republic: Britain Without a Crown. Caroline Elkins, Legacy of Violence: A History of the British Empire. […]
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Comments Caroline Elkins, Legacy of Violence: A History of the British ... by Falstaff * I have been playing with GPT3 and LLMs in general quite a bit ... by Crusader * 23 non-fiction books of the year, as of late November. Plus ... by Phil S. * Like Harvard, a noticeable dearth of Asians . . . . by RobP Related Stories Favorite fiction of 2022 * What should I ask Tom Holland? * The Center for Strategic Translation
We introduce a model of the admissions process based upon standard agency theory and explore its implications with economics PhD admissions data from 2013-2019. We show that a subjective score that aggregates subjective ratings and recommendation letter features plays a more important role in determining admissions than an objective score based upon graduate record exam […]
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Comments I'm sure I don't know. by Donald Pretari * In reply to Hadur. Hadur if Harvard wanted to do that as its ... by Kyle * In reply to Formerly K. Indeed, and I wonder if Northwestern ... by mkt42 * Interesting and thorough work. They had complete data for only ... by mkt42 * In reply to Hadur. 1) All schools other than Harvard, Yale, ... by Phil S. * Plus 10 more... Related Stories The FTX Debacle ELI5 * India fact of the day * Africa’s Megalopolis
- SBF as lobbyist. And William Hazlitt on Bentham. 2. The Index Shirt, the price is tied to the NASDAQ index. 3. Scott Aaronson on AI risk. A good piece. 4. What happened with Sweden? (Bloomberg) 5. Okie-dokie. And more detail here. 6. Talent makes the FT Best Business Books of the Year list. 7. […]
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Comments “2. The Index Shirt, the price is tied to the NASDAQ ... by JWatts*
Except that the claim generates virtually no controversy. I argue that moral comparisons are possible only within the “cone” of an episode of (potentially) sustainable economic growth. So you can compare a growth-maximizing policy to a non-growth-maximizing policy, and judge the former to be superior, at least subject to human rights constraints. It is within […]
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Comments You cannot, within my framework, ask how many chicken lives are ... by So Much For Subtlety * In reply to сейчас самое время. I see no ... by LivelyClock * “Repugnant Conclusion” It should be called the ... by Brad G * Can't we do a little better than “At some point “simple ... by luzh * Seems to me you are saying “no comparisons without ... by JohnBuridan* * Plus 10 more...
An MR reader request: You are appointed to the 24 DeSantis cabinet with the task of “fixing the administrative state”. Republicans have a very large Congressional majority. What do you try to do? I will outsource this one to James Broughel, who works with me at Mercatus: My main recommendation to a DeSantis cabinet would […]
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Comments The only limit on the size of the regulatory state would be the ... by derek * Good. But has the American political system completely given up ... by Naveen K Related Stories Why is the New World so dangerous? * The Center for Strategic Translation * Is a Russian price cap a good idea?
- T. Rex skeleton for sale. No, wait…fossil plagiarism! (NYT) 2. Justin Fox on Jacob Soll (NYT, yikes). 3. Why are colleges and universities so encouraging on-line gambling? (NYT, yikes) 4. Sam Hammond on EA. And a redux of the earlier link, now all the more appropriate, on Quakerism and Effective Altruism. 5. A road […]
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Comments 5. if you need to see krugman psycho-babble in circles & ... by carrasco simpson * In reply to Anon. “[adherents] are rewarded with their own ... by Sergeant Prepper * In reply to Etalon d’Silomar. The whole time! by Equestrian * In reply to JWatts. +Those oregon ducks, do do do by Equestrian * In reply to Covid Toes. Sometime I imagine a world where ... by Stendell* * Plus 10 more...
Here is one answer (to a slightly different question) from Reddit: Asia Minor/Anatolia might be the region which have seen most empires. For example: Akkadians, Hittites, Persians, Alexander’s Empire, Seleucids, Roman Empire, Parthians, Byzantine Empire, Sassanids, Arabians, Seljuks, Mongols and Ottomans. I think first of Romania. They have been part of the Roman empire, Kingdom […]
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Comments In reply to Luka. Philistines and other Sea Peoples object to ... by dearieme * In reply to Ricky. Moldova was an integral part of the Soviet ... by Peter Akuleyev * can't count biden's ukraine bc it took everyone from catherine ... by paddy * Fiume/ Rijeka in nowadays Croatia by Chrizzel * Moldova — though that is a variation on Romania. by Ricky * Plus 10 more... Related Stories What should I ask Tom Holland? * The Center for Strategic Translation * My Conversation with Ken Burns
Here’s my high-level explanation of the FTX crash. Imagine that I own a house and I create a million coins representing the value of the house. I give half of the coins to my wife. I then sell one of my coins to my wife for $10. Now the house has a nominal value of […]
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Comments This definitely makes more sense than Tyler's posts on the ... by Pipsterate * An excellent run down. Very clarifying. by Becker * “Imagine that I own a house and I create a million coins ... by Divorced guy Related Stories Africa’s Megalopolis * Can AI make crypto safer? * The Anti-Promethean Backlash
With translations from foreign fiction and also differing publication dates in the UK, it is hard to classify some of these. But they are of recent vintage, I did read them in 2022, and I found them rewarding: Olga Tokarczuk, The Books of Jacob. Claire Keegan, Small Things Like These. Hervé LeTellier, The Anomaly: A […]
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Comments In reply to So Much For Subtlety. Seems like Woke themes is a ... by Not Woke * Paulo Scott, Phenotypes. One of America's worst exports is ... by So Much For Subtlety * The Jewish parts of “Books of Jacob” sound more like ... by AASDF * Paradais is available in English, translated by Sophie Hughes ... by Saul * But a polyglottal one too, reading in the original Spanish. No ... by Not just a polymathic person * Plus 3 more... Related Stories What should I ask Tom Holland? * The Center for Strategic Translation * My Conversation with Ken Burns
Consider three major global equity markets: China, India, and the US. Of the three, would you believe India has been the second-best performer over the past 30 years, well ahead of China? It’s true. Here is the full link, via Bill Allen.
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Comments In reply to joan. The MSCI India USD (which they take here) ... by JSK * In reply to rayward. I'm impressed by the correlation between ... by rayward * Many of the comments suggest that the data may not accurately ... by rayward * In reply to Milton. Africa will experience the largest ... by Hateful Hornytoad * It would be interesting to know what they are measuring. If it ... by So Much For Subtlety * Plus 10 more... Related Stories The religious belts in Europe * Why businesses fail * A Big and Embarrassing Challenge to DSGE Models
I will be doing a Conversation with the author, not the actor: Thomas Holland FRSL (born 5 January 1968) is an English author who has published best-selling books on topics including classical and medieval history and the origins of Islam. He has worked with the BBC to create and host historical television documentaries, and presents […]
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Comments In reply to Mark Weber. Keep in mind that in Ireland, north ... by So Much For Subtlety * When did autocracy become inevitable for the Roman republic? ... by John * Judaism, Christianity and Islam are all Religions of the Book. ... by So Much For Subtlety * Do you write about Christianity because it is all the West has, ... by SRicks * Are you worried about the decline in classicism in education? ... by Boney M * Plus 10 more... Related Stories The Center for Strategic Translation * My Conversation with Ken Burns * Love and Let Die
- “Ultimately, dogs understand us far better than we understand them, Dr. Johnston said. ” (NYT) 2. Once the world’s largest gas station. 3. 11-year-old Leeds schoolboy with a very high IQ. 4. Pop songs now have fewer key changes. 5. Benjamin Yeoh on one of my London talks. 6. Interesting review of Tár.
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Comments In reply to Moral Panic. Who knows what Einstein's IQ was. ... by Roland * In reply to Torn. One could start here, with the 2010s, ... by Torn * In reply to Guy Robert. But of course flawed people very ... by So Much For Subtlety * Oh, right. Thank you. Looking it up I see it is 15 amps and 110 ... by Crikey * In reply to Y Contributor. Short answer, because chimpanzees ... by Anti-Gnostic* * Plus 10 more...
An interesting piece in The Guardian by Howard French on Africa’s megalopolis and the difficulties of pulling together five countries with very different governments and colonial histories: There is one place above all that should be seen as the centre of this urban transformation. It is a stretch of coastal west Africa that begins in […]
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Comments In reply to Mark Bahner. Is this why living standards in 1+B ... by Anti-Gnostic * In reply to Webb. The Left hasn't talked about “the dangers ... by Anti-Gnostic * In reply to Well. ” … Japanese cities are filled with and ... by EdR * In reply to dearieme. ... by EdR * In reply to Anti-Gnostic. Lmao man, you should try becoming a ... by Webb * Plus 10 more... Related Stories The culture that is New Jersey * Can AI make crypto safer? * The Anti-Promethean Backlash
Extreme numbers are getting some new names (there is no great stagnation): By the 2030s, the world will generate around a yottabyte of data per year — that’s 1024 bytes, or the amount that would fit on DVDs stacked all the way to Mars. Now, the booming growth of the data sphere has prompted the governors […]
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Comments In reply to rsm. Prices aren't all equally flexible ... by BC * These new names replace the previous discredited names: — ... by Albert Q * Why is nominal inflation a problem when you can print faster ... by rsm * In reply to Falstaff. Yeah and who ever uses those prefixes ... by Rahul * Prediction: The vast majority of that data will be worthless. by Luka* * Plus 4 more...
European regions where the % of religious people is much higher than the rest of the country. pic.twitter.com/eHd14D2hAl — Xavi Ruiz (@xruiztru) November 18, 2022 Via Fergus.
The post The religious belts in Europe appeared first on Marginal REVOLUTION.
Comments In reply to Hadur. A lot of them are economic backwaters. ... by Kaleberg * In reply to dearieme. What is this “too much” thing? by Alan Gunn * In reply to Hadur. And here I was, thinking that those ... by Andy * I can only speak for Norway, which in fact seems to represent ... by Oxfordhistory * In reply to Bill. Yeah, I can't imagine why this data wasn't ... by Andy * Plus 10 more... Related Stories Why businesses fail * A Big and Embarrassing Challenge to DSGE Models * Redistribution and credit card debt
- The future AI stack? 2. A defense of TikTok. 3. Qatar bans beer at the World Cup (NYT). 4. Paris is banning e-scooters? Would the FDA approve them? 5. Future Fund and clawback issues with grants, noting that I see the risk of clawback as pretty low. 6. Podcast with John Ashmore about the […]
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Comments In reply to Michael. Not to mention those loud and insane ... by Patrick * In reply to RAD. Now, if after what, a century? Could they ... by Patrick * In reply to Kaleberg. Which brings up, why not just instate ... by Patrick * “2. A defense of TikTok.” Is that supposed to be a good ... by mkt42 * In reply to Kaleberg. “You really don't want a car that ... by Equestrian* * Plus 10 more...
The digital alerts that debuted on Garden State highway signs last month may have displayed a bit too much Jersey attitude. As of Wednesday afternoon, messages such as “Get your head out of your apps” and “mash potatoes — not your head” are no longer visible on the New Jersey Department of Transportation’s network of […]
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Comments In reply to Bazza. Yes by Alan * This looks like Putin's handiwork. by Keith * Perhaps there's data suggesting such messaging distracts to the ... by Gordon Mohr * In reply to BC. States can again set their own highway speed ... by Slocum * In reply to Dino the Isaurian. In the future perhaps the ... by The Cosmopolitan, Francis "Frank" Goodman* * Plus 5 more...
That is the topic of my Bloomberg column, here is one excerpt: To the extent crypto clearinghouses and exchanges have a future, they too will be regulated, and this is all the more certain after the FTX fiasco. Then the question becomes: How many of the (supposed) efficiencies of crypto would remain under such a […]
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Comments In reply to jayson. If it was a strawman, you definitely ... by Andy * In reply to Andy. You are attacking a straw man. The crypto ... by jayson * In reply to Bplus. “Bloggers get the commenters that they ... by Andy * In reply to Anonymous. You are moving your security problem ... by Anonymous * In reply to Naveen K. I think the AI would write the code to ... by sxb * Plus 10 more... Related Stories How will crypto clearinghouses evolve? * Who can take your crypto away from you? * The Anti-Promethean Backlash
It is striking to me that some of the biggest critics of FTX — “They stole people’s crypto!” — are exactly the same people who want to see crypto disappear, regulate it out of existence, or otherwise stunt it, in all cases lowering its value or driving that value to zero. “Crypto takings for me […]
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Comments In reply to Boonton. Yes. Their account agreement did say ... by Jonatan * In reply to Nope. “Never underestimate Joe's ability to ... by Anti-Gnostic * In reply to Kareem. And funding Democratic politics, which ... by Anti-Gnostic * In reply to Bill. “Humor and the illogic.” Classic ... by Chuck Kotlarz * In reply to slash1001. Roughly $100B is backed and 700 is ... by Ted * Plus 10 more... Related Stories What Makes Us Human? * What rises and falls in status through the FTX story? * How will crypto clearinghouses evolve?
- Buying Joan Didion’s stuff. 2. WSJ covers how to improve scientific productivity. 3. The Progress Forum, for the progress community. 4. The most regretted college majors. 5. Glen Weyl launches Plurality Institute. 6. “Why did the South Korean cross the street?”
The post Friday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Cooper. Also, being an A student in history or ... by Larry Siegel * In reply to BS. Majoring in “liberal arts” is a signal of ... by liberalarts * In reply to Hadur. are you a successful griftocrat? by w8 * In reply to Capt. J Parker. Not only huge, but the near ... by RafaelR * 2. It looks preposterous to think that the poor scientific ... by RafaelR* * Plus 10 more...
That is the title of the paper at least, here is the abstract: It is widely assumed that thinking is independent of language modality because an argument is either logically valid or invalid regardless of whether we read or hear it. This is taken for granted in areas such as psychology, medicine, and the law. […]
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Comments Useful commentary on the FTX debacle. by Ian Leslie * In reply to Hook. Is the Theaetetus so interesting, because ... by rsm * In reply to rayward. What if ppl get too anxious to perform? by rsm * In reply to rayward. Did Socrates grade? by rsm * In my youth I bought some pads that said “Avoid Verbal ... by AnthonyB * Plus 10 more... Related Stories What Makes Us Human? * How to process the FTX news — a test * A simple point about existential risk
Have you ever visited Zagreb, Ljubljana, or Bratislava, and noticed how boring they are? They still feel like backwaters, not the national capitals they are. That is no accident, because they “grew up” under the Habsburg monarchy and in the Austro-Hungarian empire as second- or even third-tier cities. Vienna and Budapest, the seats of that […]
The post A simple theory of urbanism and British economic growth appeared first on Marginal REVOLUTION.
Comments In reply to Donald Pretari. From 1820-1920s It always ... by John from London * I am biased, but I think is an excellent question with broad ... by John From London * In reply to So Much For Subtlety. Look further into history. ... by John from London * In reply to Asdf. Yes, the US has dozens of Londons. I’m ... by John from London * In reply to Anon. Re: AZ. Not this old FDA-sponsored trolling ... by John from London* * Plus 10 more...
- Podcast with the FT about Talent, Apple version here. 2. SBF explains. 3. The wisdom of @pmarca. And more here. 4. Mormon Church supports same sex marriage law. 5. Apple rankings. 6. The decline of co-borrowers in the U.S. mortgage market.
The post Thursday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to JWatts. Maybe they hope to be eaten last. by skyzyks * In reply to Pipsterate. Significant usage of various ... by Wondering * In reply to So Much For Subtlety. “Basically you should not ... by Wondering * In reply to jayson. Who are these regulators you reference? by Wondering * In reply to James N. Markels. You're buying the performance. ... by Wondering* * Plus 10 more...
Brink Lindsey has a series of Substack posts on the Great Stagnation. The first two The Age of Stasis Loss Aversion are very good reviews and summaries of where we stand. The third discusses what Brink calls The Anti-Promethean Backlash …the anti-Promethean backlash — the broad-based cultural turn away from those forms of technological progress […]
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Comments Does Putin think of himself as Promethean, while destroying ... by rsm * In reply to Nate. Here, here. Malthus' original sin was a bad ... by RAD * In reply to BlueSilverWave. has become far more efficient ... by mikey * In reply to 1970: Birth of the EPA. The opened up the trough ... by 1980: Ronald Reagan Elected President * In reply to Sure. Anti-nuclearism is a religion. So is ... by RAD * Plus 10 more... Related Stories Motivating Creativity * How will crypto clearinghouses evolve? * Hoover show with Cochrane, Ferguson, and Whalen
The Center for Strategic Translation translates and annotates material of strategic and historical value that currently exists only in the Chinese language. Of great import.
The post The Center for Strategic Translation appeared first on Marginal REVOLUTION.
Comments In reply to Rahul. Based. The overreliance on english is not ... by this * In reply to rayward. the cost of fixing currencies (ie ... by Jonathan Vause * Do they have an opinion about that Wuhan lab safety memo that ... by mkt42 * I thought the problem China poses for the USA was of great ... by dearieme * Not directly on point but almost: the competition between the ... by rayward * Plus 2 more... Related Stories Who are the best Ukraine predictors? * My Conversation with Ken Burns * Love and Let Die
Here is the transcript, audio, and video. Here is part of the episode summary: Ken joined Tyler to discuss how facial expressions in photos have changed over time, where in the American past he’d like to visit most, the courage of staying in place, how he feels about intellectual property law, the ethical considerations of […]
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Comments In reply to Tom T.. > under the polite euphemism that ... by Phinton * In reply to Ricardo. The complaint was Burns didn't tell the ... by PHinton * In reply to Tom T.. Foote has delightful personal charisma, ... by it's worth a re-watch * In reply to Truly what are property rights anyway…. A jury ... by oh yeah * In reply to An originalist. Burns has said that the US today ... by Tom T. * Plus 10 more... Related Stories Love and Let Die * Hayek: A Life, 1899-1950, by Bruce Caldwell & Hansjoerg Klausinger * The Philosophy of Modern Song
The required recapitalization of the NHS is a major pending expenditure, and it is not playing a sufficiently large role in budget discussions. The system was never as cheap as it looked, and now the bill is coming due. If you think austerity is required (NB: not my view), the Hunt plans seem to be […]
The post Simple remarks on British fiscal policy appeared first on Marginal REVOLUTION.
Comments In reply to dearieme. After 100 years, it at least has an ... by Heedless * In reply to Curt F.. If you have limitless confidence in the ... by M * Britain needs to address its obesity and alcoholism epidemic. ... by LLC * In reply to humble psycho. The NHS has been doing this for ... by Caroline * In reply to MrSquiggles. But does Muddle-Through have a ... by dearieme* * Plus 10 more...
- Caplan reviews Garett Jones on immigration. 2. 30-year wait for Japanese beef croquettes. 3. Old Steve Jobs sandals sell for almost 220k. 4. Dean Karlan is new US AID chief economist. 5. Are concerts better without encores?
The post Wednesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Noko. Searching his website provides no examples ... by Sure * In reply to Bob. Benefits need not be held by one individual ... by Sure * In reply to Brett. Thus Britain is still the wealthiest ... by M * In reply to Y Contributor. Randomly selected Bengalis in ... by M * In reply to JWatts. The quota is a hard quota that is not ... by BC* * Plus 10 more...
Here they are, so many figures well-known to MR readers. The Peter Thiel talk was quite interesting, you can think of it as his concessions to Greta, with a new twist on the great stagnation and its causes. My ten-minute talk is in here, following Niall Ferguson and John Cochrane, and it was my favorite […]
The post Videos from the Stanford academic freedom conference appeared first on Marginal REVOLUTION.
Comments In reply to Diogenes's Barrel. Explained by or reducible to? by M * In reply to Derek22. “One world government”? Probably. ... by M * In reply to God of Thunder. What are the PROBLEMS the left ... by Lee A. Arnold * In reply to Ethan. Technically and legally, you are correct. ... by Roland * In reply to nf. That's true. They expressed “Peter Thiel is ... by dave * Plus 10 more... Related Stories What rises and falls in status through the FTX story? * How to process the FTX news — a test * The Folk Economics of Housing is Folked Up
The author is John Higgs, and the subtitle is Bond, the Beatles and the British Psyche. I loved this book, and reading it induced me to order the author’s other books, the ultimate compliment. It is not for everyone, nor is it easy to describe, but imagine the stories of The Beatles and James Bond […]
The post Love and Let Die appeared first on Marginal REVOLUTION.
Comments Re: what may have such staying power from current Britain. Top ... by Alex N * In reply to Gareth Hanrahan. How lovely to get further ... by Julian Gough * In reply to Sorting Hat. The Chad John R: “I will use my ... by M * In reply to Dr. D. Malfoy. You joke but given that HP sucks ... by M * In reply to Correction. Sorry, but you’re wrong. They were ... by Rich Berger * Plus 10 more... Related Stories The Philosophy of Modern Song * Hayek: A Life, 1899-1950, by Bruce Caldwell & Hansjoerg Klausinger * What Makes Us Human?
The authors are Iain S. Thomas and Jasmine Wang, here is one excerpt: What is the proper response to suffering? If this life is all there is, then the proper response to suffering is to embrace it and be transformed by it. If there is more than this life, then the proper response to suffering […]
The post What Makes Us Human? appeared first on Marginal REVOLUTION.
Comments Waitaminute. “If there is more than this life, then the ... by Some Toronto Guy * In reply to Anti-Gnostic. “… not answering anything. It ... by Etalon d'Silomar * In reply to Anton maier. Has there ever been a more ... by surfie * In reply to blank. Can I testify to knowing a pet cat so ... by rsm * “If wanted to be wise I would just go to the cup store!” ... by Harvey Bungus * Plus 10 more... Related Stories My excellent Conversation with Mary Gaitskill * What rises and falls in status through the FTX story? * Edible Economics
- More on Canadian euthanasia. 2. China armored stealth boat smuggle of the day. 3. “Beyond Blame” Strauss is underrated. 4. More Matt Levine. 5. MIE: Mercatus podcast swag. 6. What exactly happened at FTX?
The post Tuesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Anon. 'Sperg like a Berg by Han YOLO * In reply to Ira Gilligan. Aw, shucks : ) by Harvey Bungus * In reply to Anon. He is quite possibly a sociopath, but such ... by Harvey Bungus * In reply to John Thacker. Your argument re #3 is plainly ... by Anonymous * It is not about blame but about incentives. If it seems likely ... by ccscientist* * Plus 10 more...
A second problem with the Keynesian recommendations is that governments did not do enough to build up surpluses in good times. Many governments therefore are running out of fiscal space, or at least markets perceive that to be the case. Even if Keynesian theory says they ought to be expanding with their fiscal policy, they […]
The post Whither Keynesianism? appeared first on Marginal REVOLUTION.
Comments In reply to Wondering. 1. Republicans do NOT “reject ... by Lee A. Arnold * “What exactly is he supposed to do? He might try the opposite ... by Scott Mauldin * In reply to So. No. I just think it would be much better for ... by Vulcidian * In reply to Units!. This car costs 1/2 of a year. Said no one ... by Ricardo * In reply to Lee A. Arnold. Biden exploded the deficit w/ ... by paddy* * Plus 10 more...
More than one MR reader has requested this post, so here goes: Rises Common-sense morality Common-sense investing rules American corporate governance Boards, and nervousness about related-party transactions Coinbase Seen as stodgy and bloated for much of the past year. But run in the US, listed in the US, and properly segregating customer funds. Elon Musk’s […]
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Comments Why does Tyler Cowen hate Sam Harris? by rabbiT * In reply to the lentil whisperer. Well, it is kinda ... by w8 * In reply to Kris. Yes, women are less likely to marry men who ... by Sure * In reply to Missing the forest for the trees. One man should ... by Sure * In reply to Wait. Allegedly, the effective altruists were ... by Sure * Plus 10 more... Related Stories How to process the FTX news — a test * The Center for Strategic Translation * Videos from the Stanford academic freedom conference
I am interested in Danil Dmitriev’s job market paper from UCSD: How should one incentivize creativity when being creative is costly? We analyze a model of delegated bandit experimentation where the principal desires the agent to constantly switch to new arms to maximize the chance of success. The agent faces a fixed cost of switching. […]
The post Motivating Creativity appeared first on Marginal REVOLUTION.
Comments In reply to rsm. Then he might not have asked for a salary. ... by kwazii * Not sure you can incentivize creativity. At best, you can get ... by Roland * In reply to Bazza. I recall a link to Mr Beast that seems ... by Bazza * “As I understand this result, the principal wants the agent ... by Bazza * A patent by any other name … by Reason * Plus 10 more... Related Stories How will crypto clearinghouses evolve? * Hoover show with Cochrane, Ferguson, and Whalen * The Folk Economics of Housing is Folked Up
- Scott Sumner on crypto regulation. 2. When should you interact with your boss? 3. More on the Bahamas response. 4. Common patterns with other bubbles. 5. Britain Remade, new group to promote economic growth in Britain. 6. How Nepal grew back its forests (NYT), Elinor Ostrom-inspired perhaps?
The post Monday assorted links appeared first on Marginal REVOLUTION.
Comments “new group to promote economic growth in Britain” lol ... by forget about the UK * In reply to EdR. Nursing is closer to a Chick Fil A worker ... by Yonkers * In reply to X. Trapnel. On the plus side they understand that ... by C * In reply to Bazza. Mostly; though I think there are some ... by M * In reply to seer of things. @SMFS, largely agree with that ... by M* * Plus 10 more...
The author is Ha-Joon Chang, and the subtitle is A Hungry Economist Explains the World. This is an economics of food book with a Korean emphasis, and arguing in favor of protectionism and industrial policy, in line with the author’s earlier works. Here is one excerpt: South Koreans went through a staggering 7.5kg of garlic […]
The post Edible Economics appeared first on Marginal REVOLUTION.
Comments In reply to FG. The funny thing is that I think the most ... by Hazel Meade * In reply to Lord Action. You can find good southern barbeque ... by Hazel Meade * In reply to Lord Action. What is the current price of a meal ... by M * Don’t cry over spilled garlic . by Gerold Blazek * In reply to Lord Action. American cuisine helped popularize ... by Ricardo * Plus 10 more... Related Stories Hayek: A Life, 1899-1950, by Bruce Caldwell & Hansjoerg Klausinger * Lu Wei Peter Zhang * How young did the person start?
Here is one MR comment that illustrates my point: How noble—stealing people’s life savings to increase African birth rates, navel-gaze about AI risk, make cows happier, and all the other nonsense. Mostly a bunch of lost, hideous people with terrible moral intuitions proclaiming themselves the most holy tribe in existence. Not a single worthwhile cause […]
The post How to process the FTX news — a test appeared first on Marginal REVOLUTION.
Comments This attempt to partially rehabilitate Sam Bankman-Fried is ... by AS * In reply to PHinton. SBF's giving is not representative of ... by Joe * In reply to Dino the Isaurian. Fred and Rosemary West. by M * Google, Dead Souls. Especially part 2. by James * In reply to Bob. There are no virtuous institutions or ... by Midwesterner * Plus 10 more... Related Stories A simple point about existential risk * Is the EA movement dead? * The wisdom of David Brooks
That is the topic of my latest Bloomberg column. Here is the basic idea: Say the price of oil is $100 per barrel, and extraction costs Russia $50 per barrel. The profit on that oil is $50 per barrel. Now assume a price cap of $70 per barrel. Russian profit falls to $20 per barrel — […]
The post Is a Russian price cap a good idea? appeared first on Marginal REVOLUTION.
Comments In reply to RAD. “grow the electricity grid by 2x to power ... by dearieme * In reply to Dismalist. Yes. Adam Smith's classic formulation: ... by Anti-Gnostic * I don't understand the mood affiliation on this topic from ... by mkg * “…would redistribute income toward buyers of Russian oil” ... by Tony * In reply to Anti-Gnostic. Wrong post, wrong subject, wrong ... by Dismalist * Plus 10 more... Related Stories FDA Deregulation Increases Safety and Innovation and Reduces Prices * My criticism of the Diamond-Dybvig model * The election results
- “Model this.” And “when it rains it pours.” 2. More on ticket splitting, or in other words polarization is overrated. 3. Geohot blog. 4. McEnroe is a good documentary (Amazon), a good talent study and also a good look at how the late 1970s and 1980s were so different from the current day. 5. […]
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Comments In reply to Michael Thomas. Tried to listen to his CWT ... by Tee * In reply to Anti-Gnostic. Agree. I think you can reduce EA to ... by LivelyClock * Look forward to more observations from Tyler about what a ... by SBF * In reply to JWatts. The “paradox” is the expected value ... by John from London * In reply to Moral Panic. Also: the advantages of incumbency, ... by JonFraz* * Plus 10 more...
I think I forgot to mention this when they won the Nobel Prize. In their model of bank runs, there are multiple equilibria and people can run on the bank simply if they expect other depositors will run on the bank too. The combination of liquid liabilities and illiquid assets then means the bank cannot […]
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Comments In reply to derek. Derek, your response seems to deny any ... by Michael * In reply to Scott Sumner. Has Japan ever had an inflation ... by rsm * In reply to derek. Is the fact that the same irrational ... by rsm * I agree with y81. And to be extra safe, I keep all my money ... by Ken from Ohio * Ironically, it was Gary Gorton rather than Hugh Rockoff. by Lawrence H. White * Plus 10 more... Related Stories Is a Russian price cap a good idea? * Switzerland markets in everything * Requests from Benedikt
Teenage mental health has been a source of growing concern over the past decade, with recent whistleblower testimony pointing to the mental health risks of spending time on social media platforms, especially for girls. This paper investigates the extent to which social media are harmful for teenagers, leveraging rich administrative data from the Canadian province […]
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Comments In reply to Lord Action. There was a book on the bestseller ... by steve * In reply to Mort Dubois. Amish? Lot's more going on I'd guess ... by j mct * In reply to PHinton. I don't know how much of this is social ... by Lord Action * In reply to Anonymous. IDK. There is always a distribution. by OldCurmudgeon * In reply to jayson. Since I actually had this happen to my ... by Torn* * Plus 10 more...
Here.
The post More Matt Levine appeared first on Marginal REVOLUTION.
Comments I wonder if he did an EV calculation on getting caught? by Tony DeLuca * In reply to Skip Intro. Did something happen to Elrond? by TGGP * In reply to bernie. I was just reading Matt Yglesias reaction ... by TGGP * In reply to Skip Intro. No, absolutely he's ensconced in a ... by Lord-Admiral of the Pyrenees * Another massive grift in the crypto space, who would have ... by Rodney Dangerfield voice: Hey, congrats to Fetterman, I just wish he could actually understand what he actually did!* * Plus 10 more...
Aquarela do Brasil is my favorite song by her…
The post Gal Costa, RIP appeared first on Marginal REVOLUTION.
Comments In reply to Nope. There are multiple Thiagos, and the ... by His name is legion * Try live performances from the early 70s of “Volta” off ... by ben-canaan * In reply to An older item from WFMU. We understand now how ... by Jean Passepartout * Avec Jobim bien sur. by Jean Passepartout * In reply to Jean PAssepartout. 1986. It's beautiful. by Jean Passepartout * Plus 9 more... Related Stories The Philosophy of Modern Song * The new Revolver boxed set * The wisdom of Bono
- Andy Partridge update. What is it like to enter your “withdrawal years”? And what if you had to choose between Partridge and Roy Lichtenstein? 2. Benjamin Yeoh on Talent and the Unconference. And Benjamin does a podcast with Saloni. 3. How is the “Young Right” evolving in Britain? 4. Nurse accused of amputating man’s […]
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Comments In reply to M. Do they want to win, or do they want to be a ... by Anti-Gnostic * In reply to Bazza. 30+ years ago as a young XTC fan I made a ... by Charlie * In reply to God of Thunder. Yes, that article was well worth ... by mkt42 * Hello everyone, it's my first pay a visit at this web site, ... by My Blog * In reply to elm. One other representative recent Lloyd ... by M* * Plus 10 more...
I have no interest in discussing them, other than to note the median voter theorem is alive and well. But if your mood affiliation needs yet another outlet, the comments section is open.
The post The election results appeared first on Marginal REVOLUTION.
Comments In reply to Rampant fraud is the only explanation. Er, um, ... by JonFraz * In reply to Luka. And the GOP spent the Clinton years ... by JonFraz * In reply to EH. Always nice to hear from an alternate ... by JonFraz * In reply to mgregoire. Since the 1950s it's been the case ... by JonFraz * In reply to Yancey Ward. At least Fetterman has brain ... by Jonfraz * Plus 10 more... Related Stories Three Billion Dollars Found in a Popcorn Tin * Who are the best Ukraine predictors? * A “Safety Emergency” Happened at the Wuhan Institute of Virology in November of 2019
Switzerland, one of the world’s richest nations, has an ambitious climate goal: It promises to cut its greenhouse gas emissions in half by 2030. But the Swiss don’t intend to reduce emissions by that much within their own borders. Instead, the European country is dipping into its sizable coffers to pay poorer nations, like Ghana […]
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Comments Even if it ends up being an ineffective waste, this scheme is ... by Wiki * In reply to Wanda. Uranium mining is somewhat more ... by Dinwar * In reply to Patrick Taw. Indulgences get a bad rep, but they ... by Dinwar * In reply to Jaunty Rockefeller. That's a pointless ... by Wanda * In reply to Clay. Oh it's an awesome trade in principle, the ... by Wanda * Plus 10 more... Related Stories Requests from Benedikt * FDA Deregulation Increases Safety and Innovation and Reduces Prices * Modeling persistent storefront vacancies
That is the topic of my latest Bloomberg column, excerpt: One reason the current economic situation is so fraught is that the world is facing three kinds of business-cycle mechanisms at the same time. The first two are well-known, but the third — known as the Austrian theory of the business cycle — is not. And in […]
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Comments In reply to Anon. It's not external to the theory; it's ... by andy * In reply to Dino the Isaurian. It's amusing to think of von ... by Anti-Gnostic * In reply to Ricardo. Most market participants obviously do ... by Anti-Gnostic * In reply to Ricardo. This + by Wondering * Even if you don't think about cryptocurrencies at all, the ... by Zach* * Plus 10 more...
Read it here. And a few tweets here.
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Comments In reply to Ricky. 1. He's writing to appeal to those not ... by BD * Ponzi has jumped the shark by Jean Passepartout * In reply to THY. They are BOTH consistently guilty of jumping ... by Lord-Admiral of the Pyrenees * In reply to Reason. > It is unreal that a person whose ... by FG * In reply to LivelyClock. I never claimed such a thing. I said ... by Adam* * Plus 10 more...
In the NBA, predominantly Black players play in front of predominantly non-Black fans. Using the ‘NBA bubble’, a natural experiment induced by COVID-19, we show that the performance of Black players improved significantly with the absence of fans vis-`a-vis White players. This is consistent with Black athletes being negatively affected by racial pressure from mostly […]
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Comments In reply to Cooper. “our society has structural ... by Y Contributor * Here are the competing mechanisms they consider and eliminate: ... by Led * In reply to Led. Scratch that, I was wrong: they are talking ... by Led * In reply to Cooper. Cooper is just wrong about what the paper ... by Led * In reply to Colin C. That looks like it blends two things in ... by Led * Plus 10 more... Related Stories How young did the person start?
- James Broughel on classical liberalism and anti-intellectualism (and me). 2. History of private turnpikes in 19th century Britain. 3. Native Americans and adoption law — the whole mess doesn’t make much sense. Does that mean it is more likely or less likely to persist? 4. Japanese government seeks the power to turn down private […]
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Comments In reply to samsondale. Its already implemented in Texas and ... by Anton Maier * In reply to Mark Z. Why place kids with extended family (i.e. ... by Hazel Meade * In reply to Hana. While they have hot summers in Japan, it is ... by ohwilleke * In reply to Scott Mauldin. No. AlphaGo “lost” only ... by Len White * In reply to Tyle. The AI is Napoleon and it gets defeated by ... by Scott Mauldin* * Plus 10 more...
In September of 2012 James Zhong used a hack to steal approximately 50,000 bitcoin from the dark web’s Silk Road. Yesterday the US Attorney announced that just last year they had arrested Zhong and recovered almost all of the stolen bitcoin. Here’s the amazing bit: On November 9, 2021, pursuant to a judicially authorized premises […]
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Comments In reply to Phinton. “But when a bitcoin is moved, the ... by josh * In reply to Keith. Agreed. If the poor guy had just exploited ... by josh * In reply to seer of things. Yes. There are many lists of ... by josh * In reply to Hedge fund guy. Are you sure that your ... by David Khoo * In reply to seer of things. I think “it” is supposed to ... by Colin C * Plus 10 more... Related Stories Is a Russian price cap a good idea? * The election results * Who are the best Ukraine predictors?
- James Steuart- overrated or underrated 5. Do border regions have above average cuisines (Sechuan, Bourgogne) 6. Zurich- overrated or underrated Are there some great ethnic restaurants I haven’t heard of? 7.Would you have been a pagan or a Christian In the third century AD roman empire? 12. How would you compare the Swiss to […]
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Comments Cantons run health care, welfare, education, law enforcement ... by jb * Foreigners have been central to Switzerland’s business ... by jb * This endeavour was assisted by Switzerland’s “eternal ... by jb * Something remarkable must be going on in the nation of ... by jb * In reply to andrew97. Geneva airport is getting better. ... by Harry Lime * Plus 10 more... Related Stories Switzerland markets in everything * FDA Deregulation Increases Safety and Innovation and Reduces Prices * Modeling persistent storefront vacancies
I am talking here about individual, discrete activities of the government, not general or overall functions. How about this for a nomination, namely US Embassy air quality tweets?: Over 4 million premature deaths per year are attributed to air pollution, most of which are in low- and middle-income countries where residents do not have access […]
The post The USG program with the highest benefit-cost ratio? appeared first on Marginal REVOLUTION.
Comments In reply to Tom T.. “Twitter is one uniform monolith with ... by Henry * In reply to Sure he is. Twitter failed long before Musk. 🙂 by Blue Jay * What's funny is that Tyler is missing the reason the Embassies ... by Bill * sunny saturday's free sociology that replicates if you need ... by cornpopsrustyrazor * In reply to Derek22. “If Twitter isn't allowed to lie about ... by Tom T. * Plus 10 more... Related Stories EDS * Elon’s current Twitter strategy * The MR bot, John McDonnell working with Bryan Gilbert Davis
Yes the author is Bob Dylan, and I give this one a thumbs up. You can buy it here. Here is one bit: A-Wop-Bop-A-Loo-Bop-A-Wop-Bam-Boom. Little Richard was speaking in tongues across the airwaves long before anybody knew what was happening. He took speaking in tongues right out of the sweaty canvas tent and put it […]
The post The Philosophy of Modern Song appeared first on Marginal REVOLUTION.
Comments In reply to peri. “…knows his engagement with American ... by Dinwar * When the table of contents was released, I was curious to see ... by Ed * In reply to Anon. Because he wrote or helped write half of ... by Heedless * In reply to The sound of millions of Led Zep fans being sent to ... by Dinwar * In reply to rsm. Because he played outside? That’s not to ... by Samsondale * Plus 10 more... Related Stories A Man of Iron * Yellen * My excellent Conversation with Mary Gaitskill
This paper is about micro-enterprises in Brazil, by Priscila de Oliviera: Micro firms in low and middle income countries often have low profitability and do not grow over time. Several business training programs have tried to improve management and business practices, with limited effects. We run a field experiment with micro-entrepreneurs in Brazil (N=742) to […]
The post Why businesses fail appeared first on Marginal REVOLUTION.
Comments In reply to Alex. Does this task of “leveling up management ... by Hopaulius * Do I have this right? It takes a 'new study' to pronounce that ... by hb * Only three of 16 comments are not prevoted, which means that ... by A new record * In reply to Rahul. In developing countries it's not ... by LivelyClock * Agree there should be more on failure. It's a better teacher ... by LivelyClock * Plus 10 more... Related Stories A Big and Embarrassing Challenge to DSGE Models * Redistribution and credit card debt * Yellen
- How landlords use eviction in response to rent control, noting that co-author Nicole Holz is on the job market from Northwestern. 2. Time magazine on Ken Regan and chess cheating. With two cameos by yours truly. 3. Matt Y. on tech and journalism. And told you so. Egads and more. I do trust Kelsey […]
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Comments In reply to dearieme. Stop being so mystical. Property rights ... by Kaleberg * In reply to Dinwar. ” And a mid-range pellet gun is going ... by JWatts * In reply to Dinwar. I believe you that paintballs aren't ... by Kaleberg * In reply to Stan Sitwell. Hahahaha! Spot on. “You've got ... by Joker in the bomb * 5. The Netherlands is so small it's probably cruel for the ... by Crikey* * Plus 10 more...
The author is Jon Hilsenrath, and the subtitle is The Trailblazing Economist Who Navigated an Era of Upheaval. I very much enjoyed this book and read it straight through without stopping, and so I am happy to recommend it heartily. Most of all it is a wonderful account of the economics profession and its evolution […]
The post Yellen appeared first on Marginal REVOLUTION.
Comments In reply to OutHere. Boring politicians are great if you're ... by stasi * In reply to Dan Hanson. And with each of those the White ... by steve * In response to questions, do liberals talk more and take a ... by mortmain * In reply to Elwood. Haven't subsequent events proved Black ... by rsm * I have not read the book, but I am someone who knows her quite ... by Barkley Rosser * Plus 10 more... Related Stories Chronic School Absenteeism * Risky Business * My excellent Conversation with Mary Gaitskill
Here is the audio and transcript. She is one of my favorite contemporary American writers, most notably in The Mare, Veronica, and Lost Cat. Here is part of the episode summary: She joined Tyler to discuss the reasons some people seem to choose to be unhappy, why she writes about oddballs, the fragility of personality, […]
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Comments In reply to Vivian Darkbloom. It's an excellent film. Very ... by WB * In reply to So Much For Subtlety. If cats were humans, they ... by M * In reply to Looking forward to it. “Why can’t they be ... by decent interview * Since ppl are horrible, why should I care about future ... by rsm * In reply to Sergeant Prepper. Did you just prove the ... by rsm * Plus 10 more... Related Stories The Philosophy of Modern Song * Yellen * Against current conceptions of the equity-efficiency trade-off
If I write about a government program in the abstract, some of you respond in a pretty reasonable manner. Instead, if I tie the program to the status of a well-known personality, such as Hillary Clinton, Obama, Biden, Trump, and so on, the quality of the responses is much lower. Including from very smart people. […]
The post EDS appeared first on Marginal REVOLUTION.
Comments In reply to John Hawkins. “Is the title “EDS” meant to ... by Blue Jay * In reply to Peter Akuleyev. Market failures in everything… by M * In reply to Cooper. The judgement of the markets lol. We'll ... by M * In reply to M. Just today from Musk: “Twitter has had a ... by Cooper * the genius is the number 8. its a message to asia and the world ... by nobody * Plus 10 more... Related Stories A Big and Embarrassing Challenge to DSGE Models * Against current conceptions of the equity-efficiency trade-off * Redistribution and credit card debt
- The Stanford student impostor. 2. The Show So Far, University of Austin edition. 3. How do family deaths affect mutual fund investment decisions? 4. How important is Egypt for the world’s internet traffic? 5. How will climate change alter global rainbow distribution?
The post Thursday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to LivelyClock. “That's actually why people argue ... by Lord Action * In reply to mkt42. Hillsdale seems worth having though, ... by dude * In reply to LivelyClock. @Lord Action , That's actually why ... by Hazel Meade * In reply to LivelyClock. “Why are we forcing people to ... by Lord Action * In reply to LivelyClock. Why are we forcing people to spend ... by Hazel Meade* * Plus 10 more...
Dynamic stochastic general equilibrium (DSGE) models are the leading models in macroeconomics. The earlier DSGE models were Real Business Cycle models and they were criticized by Keynesian economists like Solow, Summers and Krugman because of their non-Keynesian assumptions and conclusions but as DSGE models incorporated more and more Keynesian elements this critique began to lose […]
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Comments In reply to dearieme. You say that as if simple models with ... by cm * In reply to Pick me! Pick me!. What if radioactive decay ... by rsm * In reply to Neurotic. I think they mean “centuries” of ... by JSK * In reply to KZ. I have read of one of the notable physicists ... by dearieme * In reply to Quantitative Sneezing. I’d never heard the 2nd ... by (he / him / ham) * Plus 10 more... Related Stories Why businesses fail * Redistribution and credit card debt * Yellen
I cited the current use of that trade-off as the thing that bugs me most about the economics profession. Here is my Bloomberg column, and here is one excerpt: The equity-efficiency trade-off, in its simplest form, argues that economists should consider both equity (how a policy affects various interested parties) and efficiency (how well a […]
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Comments In reply to Sure. And yet the net effect is that population ... by Sure * In reply to Sure. There is no suburban growth on the American ... by Still not getting it * In reply to Lord Action. Same problem… by Jacopo * In reply to steve. EITC has a pretty harsh marriage penalty ... by Sure * In reply to Not in Germany. Germany may have smaller houses ... by Sure * Plus 10 more... Related Stories Why businesses fail * Yellen * My excellent Conversation with Mary Gaitskill
That is an MR reader request. You could read this longish NYT piece by Ezra Klein, but his broader perspectives are somewhat different from mine. My defense, no matter how good or bad it may be, is a little simpler: 1. Most other countries have inflation too. Our inflation rate is somewhat better than the […]
The post “What’s the best defense of the Biden administration’s performance to date?” appeared first on Marginal REVOLUTION.
Comments Despite the gratuitous name, the Inflation Reduction Act is up ... by IRA * In reply to Barkley Rosser. This is unhinged. by What's emanating from your penumbra * In reply to N. The US should definitely be looking for ways ... by What's emanating from your penumbra * In reply to Some Guy. “And what kind of precedent does that ... by What's emanating from your penumbra * In reply to y81. “What's not to like?” Increasing the ... by What's emanating from your penumbra* * Plus 10 more...
- Swedish Zoom reading group on classical liberal themes. 2. Monty Python Argument clinic, but with an app. 3. Straussian Taylor Swift? 4. Legislation looks to stop insurers from rating/excluding coverage based on dog breed. 5. EU may block Polish nuclear investment. 6. Admission to a research university causally shapes your politics. But it is […]
The post Wednesday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Dinwar. That Mom that got to watch her kids get ... by XVO * In reply to Not Woke. I wouldn't say they're on the political ... by Devin * In reply to So Much For Subtlety. “America refused to allow ... by JWatts * In reply to Welll. Firearms have a stronger legal guarantee, ... by M * In reply to Brett. As I read it the story cites the political ... by [Insert here] delenda est* * Plus 10 more...
Is Chase Sapphire a Pareto improvement, or does it also involve redistribution? Here is a new paper on that topic: We study credit card rewards as an ideal laboratory to quantify the cross-subsidy from naive to sophisticated consumers in retail financial markets. Using granular data on the near universe of credit card accounts in the […]
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Comments In reply to Moo cow. I believe it's $95 for the Sapphire card ... by extramsg * In reply to Hazel Meade. Because the market price is ... by Allan * In reply to Ricardo. “Yet, somehow, every developed country ... by Sure * In reply to Hazel Meade. Flipping the ugly house in the good ... by Sure * In reply to LivelyClock. From my experience with Ramsey, his ... by Dino the Isaurian * Plus 10 more... Related Stories Chronic School Absenteeism * Further evidence on role models * Do students choose majors rationally?
I won’t double indent, but this is all from Simon Grimm: German academia doesn’t have world-class universities and is self-avowedly egalitarian. Without a clear top university, many talented students instead enter highly competitive medical schools to prove their ability. But, as argued here, medical school is a bad default choice for these students if you […]
The post Why talent sorting in Germany is flawed appeared first on Marginal REVOLUTION.
Comments In reply to So Much For Subtlety. Sure, but losing half your ... by mdap * In reply to sxb. Is Caltech not clearly better than Harvard ... by mdap * In reply to Phil S.. Obviously a big disadvantage for ... by mdap * 1. Switzerland has one of if not the highest Nobels per capita ... by Puzzleheaded-17 * In reply to Phil S.. Abitur scores are very important to get ... by yo * Plus 10 more... Related Stories Yellen * Chronic School Absenteeism * Further evidence on role models
Not macro, but super-micro. Relative status is what gets people talking, and what is more relative status than “Blue Check” on Twitter. And so everyone is talking about Twitter over the last few days. Duh. Here is the latest pricing proposal: Twitter’s current lords & peasants system for who has or doesn’t have a blue […]
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Comments In reply to Or the guy was a male prostitute. Seriously, you ... by Mark Bahner * In reply to Ted Craig. As much as advertisers have abandoned ... by Christopher Smith * In reply to So Much For Subtlety. A natural Trump voter of ... by Mark Bahner * In reply to Ricardo. Ricardo, You really ought to drop off ... by Reality beckons... * In reply to Ricardo. > Details in a case are often not ... by Stendell * Plus 10 more... Related Stories The MR bot, John McDonnell working with Bryan Gilbert Davis * PayPal boo * Nat Friedman and Alexandr Wang discuss AI
Here is an excellent essay by Peter McLaughlin, here is one excerpt: So, the problem is this. Effective Altruism wants to be able to say that things other than utility matter—not just in the sense that they have some moral weight, but in the sense that they can actually be relevant to deciding what to […]
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Related Stories* The End of History (of Philosophy)
- Who are the odious figures?
- Magnificent Rebels
- Richard Reeves on why it is hard to help men. 2. Scott Sumner movie reviews. 3. Top prizes for the EA criticism competition. 4. Published somewhat later, but I think I was eighteen when I wrote this short essay on Hayek and the French. 5. Why is Trump support correlated with chain restaurants? 6. […]
The post Friday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Bazza. I’m sure you deserved it! Correction: ... by God of Thunder * I’m a very soon to be 50 year old white guy. My 2021 w-2 ... by Not My Usual * In reply to Justin. C'mon, You know those Asian Singapore ... by Robert M. * In reply to hm. lol. ok. we got to “institutions arranged ... by Stacy * In reply to JWatts. Would be a good social study to measure ... by untrained economist* * Plus 10 more...
That is the topic of my latest Bloomberg column, here is one excerpt: Estimates of the size of the energy price shock vary, but one plausible assessment runs in the range of 6% to 8% of GDP for Europe. One response to this shock would be to let energy prices rise and allow the private sector […]
The post Will Europe choose an energy crisis or a fiscal crisis? appeared first on Marginal REVOLUTION.
Comments Windfall tax…. the only downside versus other options is that ... by D * In reply to bastion slap plate. Wait a minute. You take ... by Cooper * In reply to luzh. I would subsidize per unit of electricity ... by Cancelled for wongthink * In reply to Phil S.. We are producing record amounts of ... by Cancelled for wongthink * In reply to JWatts. So, no good reason? by rsm * Plus 10 more... Related Stories The market for property insurance vs. climate change * Redux of my Bloomberg April nuclear weapons column * My Conversation with the excellent Walter Russell Mead
Going on a vacation might seem like a rather unconventional way to try to improve your sleep habits. But sleep tourism has been growing in popularity for a number of years, with an increasing amount of sleep-focused stays popping up in hotels and resorts across the world. Interest has skyrocketed since the pandemic, with a […]
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Comments i tried with tpp and austerity and the tax cut of 2017 a lot of ... by right the cold war started again i guess so ill just work and then no nuclear sun from me * if you don't discriminate the govt attacks you, i guess swedens ... by ai, hans neiman is the mortal (2020) thing the syrian movie the kkk does that like cold war * are we sure pot should be legel or only decriminalized? worse ... by do you want a high person or cigarette smoker on the street? * reynolds and reynolds marijuana joints by or the tobacco guys might be doing the pot legalization also * can they smoke cigarettes now along with pot? by so now they can cut cigarette taxes since the govt is endorsing marijuana* * Plus 10 more...
Here it is, read it and weep.
The post Redux of my Bloomberg April nuclear weapons column appeared first on Marginal REVOLUTION.
Comments In reply to Faze. “But the 'lone nut” has no place in the ... by JWatts * In reply to US: [rapidly turns Taiwan into a “Giant Weapons ... by Bazza * In reply to sxb. The internet is forever! by Bazza * In reply to dan1111. Ummm. Dearieme is correct. As an ... by Bazza * In reply to steve. steve, you're being purposefully obtuse ... by Sweet Summer Child * Plus 10 more... Related Stories Will Europe choose an energy crisis or a fiscal crisis? * My Conversation with the excellent Walter Russell Mead * The market for property insurance vs. climate change
Now in 2017, a bunch of people, each of which now has their own company, the new PayPal Mafia is the Transformer Mafia, wrote this paper called Attention is All You Need, which at the time was mostly ignored by the rest of the world, and they came up with a way to effectively parallelize this […]
The post The wisdom of Daniel Gross appeared first on Marginal REVOLUTION.
Comments Where have all the missing comments gone? by dearieme * In reply to Roland. I think there is actually a pearl of ... by scottynx * In reply to Josh M. I suppose at some point you'd make it as ... by JWatts * In reply to Machine Learner. Right and I’m trying to ... by Anon * >>”Attention is all you need.” Then attention to ... by Roland* * Plus 10 more...
- Claims about the new variants. 2. Lessons from Borgen. 3. Labor markets in everything. 4. “One in seven Irish households still burn peat for heat.” (NYT) 5. Faster way to multiply matrices.
The post Thursday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to EdR. Would you prefer that I source all of my ... by Cooper * In reply to EdR. And frankly that's fine. It's a bizarre myth ... by JWatts * In reply to JWatts. People in rural Ireland will burn peat ... by EdR * In reply to Cooper. I drilled down into that data. It ... by EdR * In reply to Sergeant Prepper. I understood, which is why I ... by EdR* * Plus 10 more...
Seven preregistered studies (N = 2,890, adult participants) conducted in the field, in the lab, and online documented opportunity neglect: a tendency to reject opportunities with low probability of success even when they come with little or no objective cost (e.g., time, money, reputation). Participants rejected a low-probability opportunity in an everyday context (Study 1). Participants […]
The post Is there a neglect of low-probability gains? appeared first on Marginal REVOLUTION.
Comments In reply to Dinwar. And two other considerations: 1. Even ... by Mitch Berkson * In reply to Pepé Silvia. The original question was how the ... by Ricardo * “nontrivial rewards (e.g., a 1% chance at $99)” I would ... by David Hultstrom * In reply to Pepé Silvia. Not sure why you say that. Would ... by Dinwar * In reply to An Engineer. The folks I know who go to casinos ... by Dinwar* * Plus 10 more...
Here is the audio and transcript, here is the summary: He joined Tyler to discuss how the decline of American religiosity has influenced US foreign policy, which American presidents best and least understood the Middle East, the shrewd reasons Stalin supported Israel, the Saudi secret to political stability, the fate of Pakistan, the most likely […]
The post My Conversation with the excellent Walter Russell Mead appeared first on Marginal REVOLUTION.
Comments Tyler begging WRM to watch Srugim I think is peak TC by JJ * In reply to Some Guy in Texas. Funny thing is that as George ... by TMC * Interesting excerpt, looking forward to listening to the whole ... by Mikey Sunnergren * In reply to Anti-Gnostic. Your distinction of Semitic and ... by KX * In reply to Mmmerp. You gotta give Mead a little more credit ... by Some Guy in Texas * Plus 10 more... Related Stories That was then, this is now — Iranian edition * The End of History (of Philosophy) * The market for property insurance vs. climate change
- Krugman’s argument that interest rates will fall low again (NYT). 2. Thoughts on the neoliberal wave. 3. Early-blind people do hear better. 4. AI dividends for medicine. 5. Low recidivism rates for early release prisoners. 6. Remarks on various potential literary Laureates.
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Comments In reply to Sergeant Prepper. The energy transition, if we ... by Dan Hanson * In reply to Gerardo. I can name about a thousand recent ... by Dan Hanson * In reply to Clay. What, too offensive for this site? I note ... by Clay * In reply to M. Hi Match Game participant? by rsm * In reply to JWatts. Did DARPA consider their own profits when ... by rsm* * Plus 10 more...
A whopping 50%+ of secondary school students in India are educated in private schools. Do private schools increase human capital or merely skim the best students? My paper, Private Education in India: A Novel Test of Cream Skimming made a simple but telling point: …As the private share of school enrollment increases simple cream skimming […]
The post India: The Revolution in Private Schooling appeared first on Marginal REVOLUTION.
Comments […] I was struck by a recent summary of a study in Marginal ... by As Goes Camden, So Goes India: Moving Beyond Our Self-Imposed Bounds - NJ Education Report * In reply to roversaurus. It was ignoble in the same way ... by roversaurus * As most of the responses highlight, many of the crucial points ... by Ian H * In reply to dan1111. If you compared the median scores of the ... by Mccabe * Doesn't Japan have effectively private schools for the higher ... by Evan Harper * Plus 10 more... Related Stories New issue of Econ Journal Watch * My Conversation with the excellent Walter Russell Mead * USA (Sweden) fact of the day
As many of you know, when I confront mega-pessimists I like to ask them “But are you short the market?” Not once in my life have I heard a satisfactory rejoinder to this query. (The last answer I heard was “I will be!”.) I now have a new question for those who see a reasonably […]
The post “But are you long volatility?” appeared first on Marginal REVOLUTION.
Comments In reply to Francis Quinn. The obvious elephant that he's ... by yo * In reply to PavelD. Whatever Warren Buffett invests in. by Pork belly * In reply to Todd K. Evidence? by Pork belly * TC: hopefully you are aware how incredibly expensive it is to ... by The Tiny Short * Uncertainty isn’t the same thing as volatility: yes, once ... by Sean Kelleher * Plus 10 more... Related Stories India: The Revolution in Private Schooling * The market for property insurance vs. climate change * The US has Relatively Low Rates of Hiring Discrimination
That is the topic of my latest Bloomberg column, here is one bit: One of the classic rejoinders to worries about climate change is the claim that people can move out of highly vulnerable areas into safer areas. Maybe the world will not be willing to accept hundreds of millions of climate-change refugees, but within […]
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Comments In reply to TMC. Definitely an upward trend – actually ... by Tony * In reply to Sure. If we assume an average annual economic ... by MaxMax2099 * In reply to Ben. Texas and most other states have brought ... by MaxMax2099 * In reply to Kevin Burke. Didn't we have hurricanes ... by How is this a "climate change" issue? * In reply to Ben. As a near-lifelong Floridian (renter) who ... by Florida Man * Plus 10 more... Related Stories Will Europe choose an energy crisis or a fiscal crisis? * My Conversation with the excellent Walter Russell Mead * Why energy price policy is hard
Read it here, sorry people… And here from the WSJ… Here is my earlier piece on the matter, worth a reread.
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Comments In reply to Anonymous. Hikaru goes through the game, and ... by austin * By: Covid 10/6/22: Overreactions Aplenty | Don't Worry About the Vase by Covid 10/6/22: Overreactions Aplenty | Don't Worry About the Vase * In reply to Dave Connors. They had no obligation to discuss ... by gregor * In reply to aaron. Agreed on points A and B. Chess.com made ... by AG * In reply to Cellador. The report gives their reasoning. They ... by AG * Plus 10 more... Related Stories Will Putin use nuclear weapons? * New Magnus Carlsen statement * #chessdrama splat
I will be doing a Conversation with him. So what should I ask? Do please remember, this is the Conversation I want to have… And of course Brad has a new book out Slouching Toward Utopia: An Economic History of the Twentieth Century.
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Comments In reply to Larry Siegel. This isn't saying particularly much. by Well... * In reply to Larry Siegel. Ignore this and see my serious ... by Larry Siegel * In reply to Donald Pretari. Yes, and DeLong is half Polanyian ... by Larry Siegel * In reply to Ilya Novak. You should ask DeLong to ask Clark ... by Larry Siegel * In reply to Mark Bahner. I goofed on the blockquotes. The ... by Mark Bahner* * Plus 10 more...
France will spend €45bn ($43bn) next year on state subsidies to keep energy costs down…A small cut in business taxes has been spread over two years. The budget, as he pointed out, still does “a little too much” to support the use of fossil fuel… French public finances will remain stretched. Next year sees no […]
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Comments I have visited Cisplatine and it is amazing how ... by Eric Thompson * The Economist’s editorial policy since Brexit has been that ... by Tom Meadowcroft * In reply to je suis tyler's lowercase black son. i take ... by alex, jr associate project manager, marginal revolution * “The first [problem with the mini-budget] is the sheer risk ... by As a noted government critic noted * welp, this prioves iit little tyler – truss is the best PM ... by je suis tyler's lowercase black son* * Plus 2 more...
Hemma bäst—or, English versus native language: Illustrating with Sweden and economics, Eva Forslund and Magnus Henrekson question the English-language pull where English is not the native language. Commentary essays are provided by Lars Engwall and by Alberto Mingardi. What are your most underappreciated works? Responding to an open invitation, 18 scholars with 4k+ Google Scholar cites point to a decade-or-more old paper with […]
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Comments In reply to The Lunatic. All of the above, and even more ... by jjjackson * Really juicy stuff. On the native language paper: makes some ... by luzh * wap euphemism watch, day 3 – david brooks/new yorky times ... by Dr. jose X biden junios-alsatian, ph.d * Burke words of wisdom: “The End of learning is not knowledge ... by rayward * In reply to sxb. The UAE, Qatar and Bahrain import vast ... by Ricardo * Plus 10 more... Related Stories The labor market mismatch model * USA (Sweden) fact of the day * Why energy price policy is hard
This paper studies the cyclical dynamics of skill mismatch and quantifies its impact on labor productivity. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort into jobs with heterogeneous skill requirements. Skill mismatch arises because of information frictions and is prolonged by search frictions. Estimated to […]
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Comments dawn, day 3-david brooks/new yorky times masculinity crisis ... by carrasco simpson * In reply to Bob. With some exceptions, employee churn is ... by Stendell * In reply to Reason. I have zero connection to Silicon Valley, ... by Roland * In reply to Roland. I have heard this bluster before. Its ... by Reason * In reply to Reason. A-listers don't necessarily cost much. ... by Roland * Plus 10 more... Related Stories Why energy price policy is hard * Open the Skies! * The economy that is British
- Paul McCartney’s freakish memory. 2. “That which does not kill us…” 3. The crisis of men, at the margin (NYT). 4. Fresh Peter, the Marcionites as “the Woke,” and Constantine. 5. How China removes illegally parked cars. 6. How much should economists from non-English-speaking countries do their work in English? An important but oddly […]
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Comments 3. I think we actually have a women problem, not a men problem. ... by Blistex * “ Many men have an obsolete ideal: Being a man means being ... by Water Bottle * In reply to superdestroyer. Always, to a degree that appears ... by Everyone always forgets business * In reply to sisterogersneighborhoodfilmreviews. pancakes, day ... by maskedswedishcannibals sven/svens * In reply to Hazel Meade. A way to look at ambition in men is ... by superdestroyer* * Plus 10 more...
You will find it here, done with the excellent Michael Chui. With transcript.
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Comments right immersion is the key i think to becoming knowledgeable ... by i finally the smart h1b1 guys within earshot and the immersion * so jimmy carter did a lot of good with deregulation and the ... by rigth i had jimmy carters compass also the gates thing is the nukes giving all of it back * By: Futureseek Daily Link Review; 2 October 2022 | Futureseek Link Digest by Futureseek Daily Link Review; 2 October 2022 | Futureseek Link Digest * In reply to Dr Richard. Some companies secretly do compensate ... by corporateslave * Ewww..Laptop class people. These are the most conventional, ... by Biden: "If Russia invades...then there will be no longer a Nord Stream 2. We will bring an end to it." Reporter: "But how will you do that, exactly, since...the project is in Germany's control?"* * Plus 9 more...
For many, Pilsudski’s real significance lay in the role he played in halting a Bolshevik conquest of Europe in 1920. The British statesman Lord D’Abernon most dramatically expressed this idea when he referred to the 1920 Polish-Soviet War as one of the eighteen decisive battles of world civilization. “The history of contemporary civilization knows no […]
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Comments In reply to szopen. Plus saying it's “soft fascism” or ... by szopen * In reply to Casey. It's not about contradictory as much as ... by szopen * In reply to rayward. Tadeusz Kościuszko is the best Poland ... by Fazal Majid * In reply to Hadur. Of course, it fell to Germany before it ... by Barkley Rosser * In reply to Horhe. The formatting is wrong on this. Wrote it ... by Horhe * Plus 10 more... Related Stories Indigenous Continent * What should I ask Ken Burns? * The End of History (of Philosophy)
Sign of the times: Tencent has been surpassed by a liquor company as China’s most valuable firm pic.twitter.com/AzHexYq7Y9 — Dan Wang (@danwwang) September 30, 2022
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Comments In reply to General Tso's Chicken. “Lao Gan Ma!” by M * In reply to Torn. Rod Laver is 84 and he would still eat your ... by Hairy_Toddler * In reply to Bill. Here is an antitrust summary of the issues ... by Bill * In reply to Joseph Cleaver. I think you're greatly ... by Deek * In reply to Eric Thompson. Chinese tea was (is) far superior ... by Deek * Plus 10 more... Related Stories One reason why the Seoul dining scene still has so many nooks and crannies * Plastic Might Be Making You Fat * Newfoundland notes, St. John’s and environs
- Report from EA Global DC, mostly about me and Matt Yglesias. Matt’s points made good sense to me. 2. Who is good at prediction and why? 3. British pound back to where it was before the tax cuts were announced. 4. Those new Japanese service sector jobs? 5. Should you put your resume on […]
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Comments In reply to Anon. It's a great plan, but in the United ... by M * In reply to Reason. I would massively prefer Russia as a ... by Hazel Meade * In reply to seegs. > well to the right on social issues that ... by Phinton * In reply to joan. > Traditional society expected women to. ... by PHinton * In reply to Bazza. Industrialization is a huge issue; I think ... by M* * Plus 10 more...
I think Kremlin may view nuclear strike on Ukraine (with an American retaliatory strike) as a rational move. It may not make much sense in the context of foreign policy, but it does in the context of domestic policy. Meanwhile foreign policy is just domestic policy by other means — Kamil Galeev (@kamilkazani) September 29, […]
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Comments In reply to Hazel Meade. Putin didn't have a clue what state ... by Crikey * M777 155mm reportedly requires <5 minute to emplace or displace ... by Dave T * In reply to Crikey. If Putin is dying then the prospect of ... by Hazel Meade * In reply to Lord Action. This may be the first time I have ... by Hazel Meade * In reply to Jer. I don't know why this got downvoted. It's an ... by Hazel Meade * Plus 10 more... Related Stories Why energy price policy is hard * France fact of the day * Open the Skies!
The article subtitle is “Evidence from the Timing of Mexican Saint Day Festivals,” and the authors are Eduardo Montero and Dean Yang. Here is the excerpt: Does variation in how religious festivals are celebrated have economic consequences? We study the economic impacts of the timing of Catholic patron saint day festivals in Mexico. For causal […]
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Comments In reply to Hadur. National Scale is the wrong resolution to ... by Farmer * In reply to mkt42. The study is behind a paywall. I'm not ... by varados * Hi Thiago! by Zumbí * Some things are more important than “productivity” and ... by JT * I think you are talking about small tribes where the leader ... by mortmain* * Plus 10 more...
- Corin Wagen reviews Talent. 2. Is there new positive news about Alzheimer’s? 3. Buttfish, for the chess player in your life. 4. Does climate change boost political instability? 5. Shackleton as talent scout. 6. Puffin photos from the British Isles.
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Comments In reply to George Oh-well. I think that is perhaps a ... by john * In reply to JWatts. I disagree, JWatts, the main function of ... by RAD * In reply to Edward Burke. I don't know but the Ding Darlings ... by peri * In reply to RAD. Gave an upvote because I agree with your ... by JWatts * In reply to Jack. > and not a distraction as it is now. Why ... by PHinton* * Plus 10 more...
Dwarkesh writes me: “Your interview for The Lunar Society is out! Extremely fun & interesting throughout!!! Thank you so much for your time! Watch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform. Read the full transcript at the episode website. Here are some…quotes from the interview: Dwarkesh Patel Somebody comes in, and they’re very humble.Tyler Cowen Immediately I’m […]
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Comments In reply to James. I would add also that humility is ... by Anonymous * Tyler, I think you and Alex are absolute morons who don’t ... by Arrogant Prick * In reply to JWatts. Yeah, the Putin troll up there thinks the ... by Coolio dies before Kissinger, what a shame... * do nothing about carbon taxes or cap and trade while waiting ... by i did energy policy and it worked while you guys destroy gas pipelines * ok then not sure the usa can make it back from losing over and ... by so mcnamaras still osama and hezbollah and the sha theyre literally given the west via the kkk* * Plus 10 more...
This prediction is from Manifold Markets. Metaculus gives similar odds to a similar question. These are serious predictions. In a 2019 post I pointed out that expert surveys (not markets) suggested the annualized probability of a nuclear war was on the order of ~1%–and I thought that was worryingly high. We are now at ten […]
The post Will a nuclear weapon be launched in combat by the end of 2023? appeared first on Marginal REVOLUTION.
Comments In reply to Chedolf. The majority of people in the UK at that ... by Alex * In reply to Cecil Rokestam-Bourne. The Kaiser had a lot of ... by AnthonyB * In reply to Robi Rahman. Türkiye on line one by AnthonyB * In reply to Calvin Hobbes. The timing was suspicious and the ... by Cooper * At what probability does the rapid runaway to 100% start? 30%? ... by AF* * Plus 10 more...
Middle-age mortality increases among non-Hispanic Whites from 1992 to 2018 are driven almost entirely by the bottom 10 percent of the education distribution. Here is the newly published paper, by Paul Novosad, Charlie Rafkin and Sam Asher (AEA gate). In another new paper, by Randi Hjalmarsson and Matthew J. Lindquist, being sentence to extra time […]
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Comments (Real Steve is a gem.) by No, I'm Steve Sailer! * By: Friday Links – The Goodman Institute Health Blog by Friday Links – The Goodman Institute Health Blog * In reply to Tyler Cowen. No, I wrote that. Because it's true. by Steve Sailer * In reply to Some Toronto Guy. Or it's some abstract ... by hm * In reply to peri. Barring an unexpected rapture, we all die ... by Sure * Plus 10 more... Related Stories What should I ask Paul Salopek? * From the comments, more on health care * From the comments, on single payer
That is the topic of my latest Bloomberg column. The core problem is that if you let prices go up “too much” (i.e., to where they ought to be), many people will stop paying their bills. We don’t in fact have the political economy in place to enforce the wealth transfer to the public utility: […]
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Comments In reply to M. @rsm that sounds quite expensive for the ... by M * In reply to Joe Davis. No matter how you slice it, it wasn't ... by Cooper * In reply to M. See ... by rsm * In reply to PHinton. PHinton, your comment makes sense to me. ... by Joe Davis * In reply to Cooper. OK Cooper. But please take into the cost ... by Joe Davis * Plus 10 more... Related Stories Open the Skies! * The economy that is British * The overreaction to the Truss macro policy
Liz Truss is facing her first cabinet row as she prepares to increase immigration to boost economic growth. The prime minister is pushing for wide-ranging reform of Britain’s visa system to tackle acute labour shortages and attract the best talent from across the world. In the coming weeks she intends to raise the cap on […]
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The author is Pekka Hämäläinen, and the subtitle is The Epic Contest for North America. Rich with insight on ever page, might it be the best history of Native Americans? At the very least, this is one of the two or three best non-fiction books this year. How is this for an excellent opening sentence: […]
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Comments In reply to David. > The us was not stronger, time after time ... by a-non * In reply to Oregon Trail Victim. Good comment. Although the ... by Hazel Meade * In reply to David. The actions of the us would not fall under ... by Hazel Meade * In reply to Horhe. Slightly different take: Whites aren't ... by Hazel Meade * In reply to David. “What the settlers did to take ... by Calvin Hobbes * Plus 10 more... Related Stories What should I ask Ken Burns? * The End of History (of Philosophy) * Magnificent Rebels
- Sam Bowman on UK fiscal choices. 2. Big prizes to counter fears of AI risk. Very big. Are AI programs eligible? 3. Female central bank heads are scarcest in countries with high inflation. 4. Can we breed happier chickens? 5. Cabbage crisis worsens South Korean kimchi scarcity. 6. The ongoing rebranding of universities.
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Comments In reply to mkt42. > The paper has no notion of what is ... by PHinton * In reply to Anonymous. Anonymous correctly states that: ... by Skeptical American * In reply to mkt42. Here's an article from before the ... by Hazel Meade * In reply to Crikey. The Guardian has an article up about the ... by So Much For Subtlety * In reply to Bazza. Decades earlier, IIRC this was during the ... by mkt42* * Plus 10 more...
AlphaHistory: The Red Scare (1947-57) was a decade-long period of intense anti-communist paranoia in the United States. During this period, millions of ordinary Americans were paralysed by an irrational fear of ‘Reds under the bed’ – the belief that thousands of communist agents and sympathisers were secretly living amongst them, plotting or waiting to overthrow […]
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Comments In reply to steve. Don't forget the Women's March imploded ... by PHinton * In reply to Jim. > I doubt that you have the slightest ... by PHinton * Isn't UVA where every female coed is gang-raped on a ... by Tarrou * In reply to steve. The line right before your pull quote was, ... by MCO3 * In reply to nf. This comment would have been short-sighted ... by Led * Plus 10 more... Related Stories The Truss economic plan * What should I ask Ken Burns? * The End of History (of Philosophy)
On Friday [as indeed it happened], Ms. Truss’ government is expected to announce a series of tax cuts, including cutting taxes for new home purchases as well as reversing planned hikes in the corporate tax and cutting a recent increase in payroll taxes. It will also abolish limits on bonuses for bankers and allow fracking […]
The post The Truss economic plan appeared first on Marginal REVOLUTION.
Comments In reply to Kiran S. The argument is that public services are ... by Luka * In reply to xiugad. Because they don’t work. The sugar tax ... by Andrew M * In reply to Crikey. Poor people whose homes are less ... by M * In reply to M. Rich people with high efficiency homes can be ... by Crikey * In reply to Bill Allen. Correct. In the US this would be done ... by steve * Plus 10 more... Related Stories Taxing Mechanical Engineers and Subsidizing Drama Majors * The David J. Theroux Chair in Political Economy: Job Opportunity * From the comments, on single payer
I will be doing a Conversation with him, here is the beginning of his rather formidable Wikipedia entry: Kenneth Lauren Burns (born July 29, 1953) is an American filmmaker known for his documentary films and television series, many of which chronicle American history and culture. His work is often produced in association with WETA-TV and/or […]
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Comments What are the costs and benefits of imposing ignorance by the ... by Phil Dawson * In reply to Charlie. It’s a small state, but there are ... by Odatruf * In reply to Phil S.. IMHO, exploring the more distant past ... by I, Libertine * Ask him why another Holocaust documentary. Why not a ... by Jared * Ask him why he admitted James McDonald from a documentary about ... by Heedless * Plus 10 more... Related Stories The End of History (of Philosophy) * Magnificent Rebels * Second City: Birmingham and the Forging of Modern Britain
- The world’s longest immersed tunnel will connect Germany and Denmark. 2. How Tolkien inspires Italy’s potential new leader (NYT). 3. The godwit’s amazing journey (NYT). 4. NYT Kripke obituary. 5. Caruana podcast, lays out what is going on in #chessdrama. 6. Dubai simulated moon hotel?
The post Friday assorted links appeared first on Marginal REVOLUTION.
Comments In reply to Anti-communist. Lol most retarded comment of all ... by Higher IQ than You * #1 The kind of infrastructure project the US has become ... by Rebes * In reply to Hazel Meade. They didn’t. The actors are awful. ... by Mellow * dumb nyt likes to say fascist a lot, thinks ... by anon * #2 I am no fan of the far right, but young conservatives in ... by ohwilleke* * Plus 10 more...
Not even 200 of the approximate 10,000 students from the Indian Institutes of Technology took up positions outside India last year. Fifty students, who make up the largest contingent, will be leaving from IIT-Bombay, followed by 40 from Delhi, 25 from Kharagpur, 19 from Kanpur, 13 from Madras, 17 from Roorkee and five from Guwahati. In […]
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Comments In reply to Kris. By my count the top 10 companies by revenue ... by hondoras * In reply to J.. Lame. by FC * In reply to Nigel. “Indians” is not synonymous with ... by Kris * In reply to Kris. As a graduate also from almost exactly 20 ... by MM * By: Futureseek Daily Link Review; 24 September 2022 | Futureseek Link Digest by Futureseek Daily Link Review; 24 September 2022 | Futureseek Link Digest * Plus 10 more... Related Stories My Conversation with Byron Auguste * Introducing Whisper * #chessdrama splat
Single payer’s magic has historically worked via just a few channels: 1. Some amount of monopsony allows the government to bid down medical services below market rates. 2. Political imperatives lead to lower training burdens, lower staffing ratios, and lower certainty in diagnosis and treatment. 3. Obfuscation of possible alternatives diminishes demand for costlier care. […]
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Comments In reply to steve. You need to source that claim, and provide ... by JonFraz * In reply to steve. The United States spends significantly ... by Kobi * This is how you reform health care: ... by Abelard Lindsey * In reply to Mark Z. aspects not elects. by Mark Z * In reply to Hazel Meade. This can be said for almost any ... by Mark Z * Plus 10 more... Related Stories* The Quantity Theory of Money is underrated * My Conversation with Byron Auguste * The Martha’s Vineyard saga
- Why stamp duty is a bad idea. 2. Thread on morale and Russian mobilization. 3. Thread on Russian training. 4. Straussian Magnus. And on Dlugy. 5. The very good Johns Hopkins Agora Institute is advertising a position in political economy. 6. Caplan responds on feminism. I am struck by how Bryan’s response appropriates the […]
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Comments In reply to Hazel Meade. You raise good points, Hazel. I ... by Kris * Seems very probable that Magnus got it wrong, Straussian or not. by Yenwoda * In reply to So Much For Subtlety. From here on out, I simply ... by James N. Markels * In reply to So Much For Subtlety. What do you think I am ... by So Much For Subtlety * What I see is men attempting to strip feminism of its ... by Stacy* * Plus 10 more...
There are so many places with dishes you’ve never tried before. And they are deep into alleyways, or on the second or third floors of retail establishments. In these places I never see people take out their cameras and photograph the food. The establishments are not “very on-line,” as they say. More likely than not, […]
The post One reason why the Seoul dining scene still has so many nooks and crannies appeared first on Marginal REVOLUTION.
Comments In reply to BC. korean men don't need to sex-pat in korea ... by asdf * It's been a while, but I worked in Korea for a few years. ... by Cornflour * In reply to John. Good point. It reminded me of the old men's ... by Al * Has Tyler ever pontificated on the sociedades of the Basque ... by BE * man i hate this part of warfare by who can make they enemy the worst turd game, effin thing sucks, well do it live! * Plus 10 more... Related Stories Plastic Might Be Making You Fat * Newfoundland notes, St. John’s and environs * St. John’s, Newfoundland bleg
Hanno Sauer on why philosophers spend far too much time reading and writing about dead philosophers: What credence should we assign to philosophical claims that were formed without any knowledge of the current state of the art of the philosophical debate and little or no knowledge of the relevant empirical or scientific data? Very little […]
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Comments Why do 1st year physics students start with studying Newtonian ... by Jdm * In reply to sxb. You're doing philosophy while saying you ... by tomas * In reply to Lord Action. I suppose the real question is, do ... by ckb * […] Alex Tabarrok lately mentioned an article that criticizes ... by Ought To We Learn Lifeless Economists? - Econlib - * By: Should we read dead economists? – ECONOMICS by Should we read dead economists? – ECONOMICS * Plus 10 more... Related Stories Magnificent Rebels * The Culture Transplant: How Migrants Make the Economies They Move To a Lot Like the Ones They Left * Second City: Birmingham and the Forging of Modern Britain
That is the theme of my latest Bloomberg column. Here is one short bit: Consider the recent spurt of 8% to 9% inflation in the US. The simple fact is that M2 — one broad measure of the money supply — went up about 40% between February 2020 and February 2022. In the quantity theory approach, that […]
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Comments In reply to rsm. The dollar is rising against other ... by Doug * In reply to So Much For Subtlety. You don't think there could ... by stubydoo * In reply to Luka. It's true that there has been an ... by stubydoo * I think there are too much focus on the supply of money and not ... by Tom * In reply to seegs. I sure AF don't see them causing inflation ... by stubydoo * Plus 10 more... Related Stories The Truss economic plan * From the comments, on single payer * My Conversation with Byron Auguste
Here is the audio, video, and transcript. Here is my introduction: TYLER COWEN: Today I am here…with Byron Auguste, who is president and co-founder of Opportunity@Work, a civic enterprise which aims to improve the US labor market. Byron served for two years in the White House as deputy assistant to the president for economic policy […]
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Comments I am a long-time listener and fan of CWT, and this is the first ... by JES * The “nobody knows anything about Dubuque” rationale for ... by BMS * In reply to Pshrnk. Good for you, it wouldn't help you much ... by M * In reply to Press X to Doubt. “it gets very little funding ... by Pshrnk * In reply to Crusader. Navy nukes/submariners, linguists, ... by Noko * Plus 10 more... Related Stories Taxing Mechanical Engineers and Subsidizing Drama Majors * John Stuart Mill was Woke and Based * Introducing Whisper
Introducing Whisper.
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