Things to Read for Your After-Midnight Procrastination in the Wee Hours of Ecember 1, 2015
Over at Equitable Growth--The Equitablog:
- : Global Imbalances and Currency Wars at the ZLB
- : Transferring Robot Incomes to the People: "the scope for automation is actually greater, probably, in cerebral work than in physical work..." :: The distribution of wealth; the distribution of income; the distribution of utility--and, possibly, the distribution of eudaimonia...
- : The Import of Exports: "To survive and thrive, societies need to pay special attention to those activities that produce goods and services they can sell to non-residents..." :: There is a very interesting argument made here about the export sector as the key link...
- : Selling Feelings: "Now... time and money... must... be invested in getting even closer to customers and more finely attuned to exactly why they are spending their money on you..." :: So how do we build an information-age economy in which producers have incentives to learn as much as they can about consumers to successfully anticipate them without also giving them an even bigger incentive and capability to deceive them?
- : Explaining the “History of Technology” Series, and Equitable Growth
- : Demand, Supply, and Macroeconomic Models: "If you came into the crisis with a broadly Hicksian view of aggregate demand you did quite well.... What hasn't worked...is our understanding of aggregate supply..." :: A key factor Krugman omits in which standard Hicksian-inclined economists' predictions have fallen down: the length of the short run...
- : Unlearning conomics: "Right now we're in the middle of an empirical revolution in econ, and... common theories are just not matching reality very well..." :: Noah Smith is pushing me towards thinking that Econ 1 needs to teach a lot more than supply-and-demand plus macroeconomic externalities that can be dealt with by stabilizing monetary and maybe fiscal policy...
- : Moved to Opportunity: The Long-Run Effect of Public Housing Demolition on Labor Market Outcomes of Children: "Displaced children are 9 percent more likely to be employed and earn 16 percent more as adults..." :: Huh. It now looks like the huge benefits that got us excited back in the "moving to opportunity" policy days may have been an underestimate...
- : Is the lack of paid leave partly to blame for declining U.S. labor force participation?
- Weekend Reading: Paul Krugman (1997): Capitalism's Mysterious Triumph
- A Powerful Intellectual Stumbling Block: The Belief that the Market Can Only Be Failed
- : "Evidence-based medicine saves money, and puts people at no greater risk... [and is] sticking even as providers are still overwhelmingly paid on a fee-for-service basis, so there is hope for change [even] when the incentives are aligned against positive change..."
- : Worker Protection in the Gig Economy
- : China’s Latest Five-Year Plan
- : How effective will the 2016 Mandate Penalty be in getting Young Invincibles to enroll?
- : Negative interest rates Don't Work
And Over Here:
- Willem Buiter: Transferring Robot Incomes to the People
- Ricardo Hausmann: The Import of Exports
- Monday Smackdown: National Review's Bad Conscience with Respect to National Socialism
- Links for the Week of November 23, 2015
- Liveblogging History: November 30, 1945: Daily Presidential Appointment Sheet
- Comment of the Day: Robert Waldmann: On where standard Hicksian-inclined economists' predictions have fallen down...
- Live from the Roasterie: Kevin Drum: Ben Carson and the Conservative Grift Machine
- Ben Thompson: Selling Feelings
- Liveblogging History: November 29, 1945: Eleanor Roosevelt
- Noah Smith: Unlearning Economics
- Paul Krugman: Demand, Supply, and Macroeconomic Models
- Weekend Reading: Paul Krugman (1997): Capitalism's Mysterious Triumph
- A Powerful Intellectual Stumbling Block: The Belief that the Market Can Only Be Failed
- Review of Ben Friedman's, "The Moral Consequences of Economic Growth": Hoisted from the Archives from Ten Years Ago/The Honest Broker for the Week of November 23, 2015
- My Day by Eleanor Roosevelt, November 28, 1945
- For the Weekend...: Tom Lehrer: Wernher von Braun
- Eric Chyn: Moved to Opportunity: The Long-Run Effect of Public Housing Demolition on Labor Market Outcomes of Children
- Live from La Farine: The Goldwater-Nixon-Gingrich Curse Strikes Back!
- Adam Posen: Some Big Changes in Macroeconomic Thinking from Lawrence Summers
- Refet S. Gürkaynak and Troy Davig: Central Bankers as Policymakers of Last Resort
- Charles Arthur: Artificial Intelligence
- Jeffry Frieden: ‘The Money Makers,’ by Eric Rauchway
- Liveblogging the Cold War: November 27, 1945: George C. Marshall to China
- Liveblogging History: November 26, 1945: Savoy Records
Might Like to Be Aware of:
- : "People who have studied the extremist right... are acutely aware... America has been very, very lucky so far when it comes to fascistic political movements. And now... that luck may be about to run out.... Trump is the logical end result of an endless series of assaults on not just American liberalism, but on democratic institutions themselves, by the American right for many years. It is the long-term creep of radicalization of the right come home to roost..."
- : "‘I have got my mind made up, pretty much so,’ says Michael Barnhill, a 67-year-old factory supervisor with a leathery complexion and yellow teeth. ‘The fact is, politicians have not done anything for our country in a lot of years.’ These people are not confused. They are sticking with Trump, the only candidate who gets it, who is man enough to show the enemy who’s boss. Barnhill is wearing a button he just bought from a vender outside the convention center. It says ‘TRUMP 2016: FINALLY SOMEONE WITH BALLS.’"
- : On the Necessary End of the Republican Party... (with tweets)
- : Last Line of Antimicrobial Defense Is Falling: [Plasmid] Colistin Resistance Transmission
- : Amazon’s Man in the High Castle is a good adaptation but a merely OK show