Links for the Week of October 2, 2016
Most-Recent Must-Reads:
- Larry Summers: Four Things the Fed Should Do Now: The neutral rate is now close to zero and it may well remain under 2 percent for the foreseeable future...
- Brad Setser: The ECB on the Slowdown in Global Trade: I have long thought that China was too big an economy for manufacturing exports to account for 35 percent of its GDP...
- (2001): Technology, Information Production, and Market Efficiency: A recent study by Financial Executives International (FEI) and NYU graduate student Min Wu... associate[s] these [earnings] restatements with losses of market value of $31.2 billion in 2000, $24.2 billion in 1999, and $17.7 billion in 1998...
- Robert Skidelsky: The Scarecrow of National Debt: Most people are more worried by government debt than about taxation...
- Temina Madon, Karen J. Hofman, Linda Kupfer, and Roger I. Glass: Implementation Science: We face a formidable gap between innovations in health... and their delivery....
- Paul Krugman: A General Theory Of Austerity?: As someone who was in the trenches during the US austerity fights...
- Ben Smith: The Plan To Save Capitalism From Donald Trump: At a private gathering of wealthy Republicans this June, a banker named Edward Conard made a radical proposal...
Most-Recent Links:
- Larry Summers: The middle class and secular stagnation
- Genevieve Bell: Artificial intelligence: Making a human connection
- Martin Wolf: Make no mistake, Britain is not a world-beating economy: Failings include low investment, inadequate basic education and the innumeracy of the elites
- Phillip Longman: Time to Fight Health-Care Monopolization
- Lina Khan: [New Tools to Promote Competition : Democracy Journal][]
- Mark Schmitt: [Is Family Economics Enough?][]
- Kathy Ruffing and Paul van de Water: Social Security Benefits Are Modest: Policymakers Have Limited Room to Reduce Benefits Without Causing Hardship...
- David Roberts: Superblocks: how Barcelona is taking city streets back from cars
- Chris Bradford: Econ 101 and the Missing Middle
- Danny Yagan (2015): Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut
- Francine D. Blau and Christopher Mackie, eds.: The Economic and Fiscal Consequences of Immigration
- Roger Farmer and Pawel Zabczyk: Why Unconventional Monetary Policy Works in Theory
- David Beckworth: The Loflation Pandemic
- Olivier Blanchard: The State of Advanced Economies and Related Policy Debates: A Fall 2016 Assessment:
MOAR Must-Reads:
- Thomas Baekdal: What Killed The Newspapers? Google Or Facebook? Or...?: Google didn't actually kill the newspaper advertising market...
- Noah Smith: Economics Has a Major Blind Spot: Economists often don’t take politics into account. As a result, econ models leave out important pieces, and the advice of economists often falls on deaf ears or is seen as impractical...
- Dani Rodrik: Put Globalization to Work for Democracies: Look closely at the economies that converged with richer counterparts — Japan, South Korea, China — and you see that each engaged globally in a selective, strategic manner...
- Hans-Werner Sinn: Secular Stagnation or Self-Inflicted Malaise?: Some economists believe that this is evidence of “secular stagnation”....
- Scott Sumner: Who Is Peter Navarro?: Tyler Cowen linked to a paper by Peter Navarro.... It's a complete mess...
- Emmanuel Saez and Stefanie Stantcheva: A Simpler Theory of Optimal Capital Taxation: We derive formulas for optimal linear and nonlinear capital income taxation...
- John Maynard Keynes (1936): The General Theory of Employment, Interest and Money, Chapter 13: The three divisions of liquidity-preference....
- David Glasner: Price Stickiness a Symptom Not a Cause: Nick [Rowe], following a broad consensus among economists, identifies price stickiness as a critical cause of fluctuations in employment and income....
- John Maynard Keynes (1937): The General Theory of Employment: Now a practical theory of the future based on these three principles has certain marked characteristics...
- John Maynard Keynes (1936): The General Theory of Employment, Interest and Money, Chapter 12: So far we have had chiefly in mind the state of confidence of the speculator or speculative investor himself...
- Simon Wren-Lewis: A General Theory of Austerity, Cynicism and Opportunism: Was austerity an unfortunate accident?...
- John Judis: Deep Stories: [Arlie Russell] Hochschild traces the origins of the deep story to two specific historical moments that she believes left many white Americans in the South in a state of mourning...
- Mike Konczal: The "new liberal economics" is the key to understanding Hillary Clinton's policies: We’re witnessing the emergence of an important new vision...
- Dan Davies: On Deutsche Bank
- Maria Popova: Don’t Heed the Haters: Albert Einstein’s Wonderful Letter of Support to Marie Curie in the Midst of Scandal: "If the rabble continues to occupy itself with you, then simply don’t read that hogwash, but rather leave it to the reptile for whom it has been fabricated..."
- Michael Arnovitz: Another First
MOAR Links:
- Blum Center: The Science of Scaling: Building Evidence to Advance Anti-Poverty Innovations: September 26 @ 8:00 am - 5:00 pm, 100 Blum Hall, Haviland Road, U.C. Berkeley, Berkeley, CA 94720 United States The Development Impact Lab (DIL), headquartered at UC Berkeley and funded by USAID...
- Thomas Baekdal: What Killed The Newspapers? Google Or Facebook? Or...?: Google didn't actually kill the newspaper advertising market... Lou Fancher: The Berkeley Festival of Ideas: Oct. 14 and 15 at Berkeley Repertory Theatre and Freight & Salvage Coffeehouse... everything from cool conversations about what’s cooking in the kitchen of Serious Eats’ Kenji López-Alt to hot topic discussions about food justice, the 2016 election, police violence, global warming, gender politics, racism, space exploration and more.
- Aaron Carroll: It’s Easy for Obamacare Critics to Overlook the Merits of Medicaid Expansion
- Valentina Palladino: Amazon looking to abandon UPS, FedEx in favor of its own delivery service
- Arizona Republic: Endorsement: Hillary Clinton is the only choice to move America ahead:
- Annalee Newitz: [14,000-year-old campsite in Argentina adds to an archaeological mystery][]: A glimpse of the last people on Earth to colonize a continent without humans...
- Art Goldhammer: What Would Alexis de Tocqueville Have Made of the 2016 US Presidential Election?: Feverish thoughts from a moment of “extreme peril”...
- Drew Fudenberg et al.: Active Learning with Misspecified Beliefs
- Bécquer Seguín: The Spanish-Speaking William F. Buckley
- Dan Davies: The really interesting question is: "how much damage is going to be done by DBK limping along as an undercapitalised hulk?"
- Ulrike Malmendier: Review of Peter Bang: "The Roman bazaar: A comparative study of trade and markets in a tributary empire"
- Jason Kottke: Trump paid the stereotype tax in the first debate
- Marcus Noland: Scoring the Trump Trade Plan: Magical Thinking: Who knew Donald Trump was a fan of Latin American fiction?...
- Duncan Weldon: Negative yields, the euthanasia of the rentier & political economy
- Duncan Weldon: Whatever happened to deficit bias?
- Ezra Klein: The press thought Trump’s first 30 minutes were his best. They were his worst: The press needs to do its job, not the voters’ job.
- Ezra Klein: The first debate featured an unprepared man repeatedly shouting over a highly prepared woman: The coherence gap between Hillary Clinton and Donald Trump was devastating
[14,000-year-old campsite in Argentina adds to an archaeological mystery: http://arstechnica.com/science/2016/09/14000-year-old-campsite-in-argentina-adds-to-an-archaeological-mystery/
