For Your Procrastination: Haven't Gathered Up One of These in a While...
Must-Read:
Robert Waldmann: A Comment on the Return of “It’s Baaaack”: "Twenty years ago, Paul Krugman warned that the liquidity trap was not just an issue in the economic history of the 30s...
Paul Krugman: It’s Baaack, Twenty Years Later: "In early 1998 I set out to reassure myself... to show that if Japan was having troubles, it was simply because the Bank of Japan wasn’t trying hard enough...
Mark Thoma: Economist's View: Links for 02-19-18
Ezra Klein: Donald Trump, Mitch McConnell, and how democracies die: "Demagogues and authoritarians do not destroy democracies. It’s established political parties...
Jonathan Rauch and Benjamin Wittes: Wittes and Rauch: Boycott the Republican Party: "If conservatives want to save the GOP from itself, they need to vote mindlessly and mechanically against its nominees...
Paul Krugman: The Gang That Couldn’t Think Straight: "Puerto Rico[’s]... residents, almost a third of whom are still without power...
Should-Read:
Binyamin Appelbaum: Senate Confirms Jerome H. Powell as Fed Chairman: "Brown and other Democrats questioned the qualifications of Marvin Goodfriend... [who] repeatedly predicted after the 2008 financial crisis that the Fed’s actions were about to unleash higher inflation...
Ursula K. LeGuin (1973): the ones who walk away from omelas: "With a clamor of bells that set the swallows soaring, the Festival of Summer came to the city of Omelas, bright towered by the sea...
Michael Gerson: Trump and the Evangelical Temptation: "As the prominent evangelical pastor Tim Keller... wrote... '"Evangelical" used to denote people who claimed the high moral ground; now, in popular usage, the word is nearly synonymous with "hypocrite"...
Susan Pfeiffer et al.: Discernment of mortality risk associated with childbirth in archaeologically derived forager skeletons: "An obstetric dilemma may have been a persistent characteristic of human evolution...
Paul Krugman: Good enough for government work? Macroeconomics since the crisis: "hen the financial crisis came policy-makers relied on some version of the Hicksian sticky-price IS-LM as their default model; these models were ‘good enough for government work’...
Charlie Stross: Dude, you broke the future!: "If it walks like a duck and quacks like a duck, it's probably a duck. And if it looks like a religion it's probably a religion...
Daniel Drezner: Saving Speaker Ryan?: "Now is normally the time when the hard-working staff here at Spoiler Alerts would bolster a counterintuitive defense of Ryan’s speakership...
David E. Broockman et al.: The Political Behavior of Wealthy Americans: Evidence from Technology Entrepreneurs: "American politics overrepresents the wealthy. But what policies do the wealthy support?...
Thomas Piketty (2015): Putting Distribution Back at the Center of Economics: Reflections on Capital in the Twenty-First Century: "until 1914, the French elite often justified its strong opposition to the creation of a progressive income tax by referring to the principles of the French Revolution...
Cory Doctorow: Let’s Get Better at Demanding Better from Tech: "In 2018, companies from John Deere to GM to Johnson & Johnson use digital locks and abusive license agreements to force you to submit to surveillance and control how you use their products...
Elise Gould: Strong employment growth and promising participation, but wage growth continues to fall short: The economy added a strong 313,000 jobs in February...
Noah Smith: "Everyone in the econ world (or the politics world, really) should read this thread about Kevin Hassett: "@dynarski 'Is now a good time to talk about how Kevin Hassett stole the intellectual property of an untenured Harvard professor & her grad student?'...
Robert Waldmann: A Dynamic Macroeconomic Model with Downward Nominal Rigidity II: "This note explores the implications of downward nominal rigidity...
Teddy Roosevelt (1907): Address on the occasion of the laying of the corner stone of the Pilgrim memorial monument: "It may well be that the determination of the Government (in which, gentlemen, it will not waver), to punish certain malefactors of great wealth...
Vachel Lindsay: The Congo: A Study of the Negro Race "Listen to the yell of Leopold's ghost...
Nick Bunker: Weekend reading: “Gluts, booms, and crashes” edition: "Michael Gee looks at troubling data from the U.S. Equal Employment Opportunity Commission...
Yascha Mounk: Why so many Westerners feel like democracy has failed them: "People no longer feel that the political system is actually delivering for them...
Ann Marie Marciarille: What older people should know about Medicare and Medicaid: "Not unlike both the 111th Congress that passed the Affordable Care Act and the 115th Congress that recently amended it with the new federal tax bill, we are often in the dark about our own health care and health insurance systems...
Cheri Jacobus: The Coming Monetization of Hope Hicks and Little White Lies: "Hope Hicks never really has been a communications director but rather... the 'comfort goat' placed in the stall of Secretariat to keep him calm...
Carmen M. Reinhart and M. Belen Sbrancia (2011): The Liquidation of Government Debt: "High public debt often produces the drama of default and restructuring...
Anupam B. Jena and Andrew R. Olenski: Reduction in Firearm Injuries during NRA Annual Conventions: "We identified emergency department visits and hospitalizations for firearm injuries during NRA convention dates...
Josh Marshall: A Note on TPM, Its Past and its Future: "This is a better model. It’s not just a necessity. It’s affirmatively better...
Mark Belko: As new apartments are built around Pittsburgh, older stock is feeling the pressure: "Pittsburgh is in the midst of a supply surge, with about 4,600 units being built within the last three years...
Ann Marie Marciarille: The Amazon Threat to Kill the Hungry Tapeworm: "Health industry stock analysts and observers have been wondering for some time about Amazon's potential to enter the marketplace for health care goods and services...
N. Gregory Mankiw, David Romer, and David Weil (1992): A CONTRIBUTION TO THE EMPIRICS OF ECONOMIC GROWTH: "This paper examines whether the Solow growth model is consistent with the international variation in the standard of living...
Greg Leiserson: U.S. Inequality and Recent Tax Changes: "Distribution tables provide a first-order approximation to the change in welfare...
Marshall Steinbaum: A tweetstorm on the recent intellectual history of monopsony: "Oh, one last thing: in... 2010... Syverson touched on the Chicago revolution in antitrust...
Gauti Eggertsson, Jacob A. Robbins, and Ella Getz Wold: Kaldor and Piketty’s Facts: The Rise of Monopoly Power in the United States: "The macroeconomic data of the last thirty years has overturned at least two of Kaldor’s famous stylized growth facts: constant interest rates, and a constant labor share...
Janelle Shane: Do neural nets dream of electric sheep?: "Neural network[s]... used for everything from language translation to finance modeling. One of their specialties is image recognition...
Jim Cramer (2000): The Winners of the New World: "You want winners? You want me to put my Cramer Berkowitz hedge fund hat on...
Jared Bernstein: Spending, work, and taxes: "Ed Lazear.... The part that didn’t make sense...
Kenneth Rogoff: Economists vs. Scientists on Long-Term Growth: "Most economic forecasters have largely shrugged off recent advances in artificial intelligence...
Tom Bartlett and Nell Gluckman: She Left Harvard. He Got to Stay: "[Jorge] Domínguez steadily climbed the ladder at Harvard. In 1995, he was selected as director of the Weatherhead Center...
Duncan Black: The Maggie Haberman Defense Squad: "Maggie took to Twitter last night...
Andrew Carnegie (1889): Wealth: "The problem of our age is the proper administration of wealth...
Tim Duy: Fed Changing Its Tun: "Julia Coronado of Macropolicy Perspectives catches the topic of Federal Reserve Governor Lael Brainard’s speech next week...
Martin Wolf: Xi’s power grab means China is vulnerable to the whims of one man: "It had long been evident that... Xi Jinping... could not step down... too many enemies, particularly through his anti-corruption campaign...
Simon Wren-Lewis: Labour's embrace of a customs union could end the Brexit fantasy: "The UK was always going to stay in a customs union with the EU the moment that the EU put the Irish border as one of the three items to be settled at the first stage..
Nick Bunker: Weekend reading: “diminishing demand” edition: "The Family and Medical Leave Act... notes former U.S. Treasury Secretary Robert E. Rubin...
Katharine G. Abraham and Melissa S. Kearney: Explaining the Decline in the U.S. Employment-to-Population Ratio: A Review of the Evidence: "Within-age-group declines in employment among young and prime age adults have been at least as important...
Jonah Golberg: American Nationalists & Russia: Where Is Their Outrage?: "For others, nationalism is basically code for white-identity politics...
Ramesh Ponnuru and David Beckworth: Federal Reserve's Monetary Policy & Economic Reaction: "In practice, the Fed’s current inflation target is asymmetric: The Fed is less concerned about undershooting it than overshooting it...
Zachary Torrey: TPP 2.0: The Deal Without the US: "What’s new about the CPTPP and what do the changes mean?...
Willy Lam: China Paves Way For Xi Jinping To Extend Rule Beyond 2 Terms: "'Xi Jinping has finally achieved his ultimate goal when he first embarked on Chinese politics...
Steven K. Vogel: Marketcraft: How Governments Make Markets Work (019069985X): "Modern-day markets do not arise spontaneously or evolve naturally..
David Vines and Samuel Wills: rebuilding macroeconomic theory project: an analytical assessment: "We asked a number of leading macroeconomists to describe how the benchmark New Keynesian model might be rebuilt...
Tim Taylor: Some Thoughts About Economic Exposition in Math and Words: "[Paul Romer's] notion that math is 'both more precise and more opaque' than words is an insight worth keeping...
Henrik Kleven, Camille Landais, and Jakob Egholt Søgaard: CHILDREN AND GENDER INEQUALITY: EVIDENCE FROM DENMARK: "Despite considerable gender convergence over time, substantial gender inequality persists in all countries...
BBC: Amazon buys rights to Iain Banks' Consider Phlebas: "With the help of Brad Pitt's Plan B production company... the first of Banks' novels to feature the Culture, an interstellar utopian society...
Adrien Auclert and Matthew Rognlie: Inequality and aggregate demand: "We explore the transmission mechanism of income inequality to output...
Bishnupriya Gupta: Falling Behind and Catching up: India’s Transition from a Colonial Economy: "India fell behind during colonial rule...
Johannes A. Schwarzer: Cost-Push and Demand-Pull Inflation: Milton Friedman and the "Cruel Dilemma": "In the 1950s and 1960s... many economists... emphasized the issue of a seemingly unavoidable inflationary pressure at or even below full employment...
Joseph P. Newhouse, Mary Beth Landrum, Mary Price, J. Michael McWilliams, John Hsu, and Thomas McGuire: The Comparative Advantage of Medicare Advantage: "We find differences in the distribution of beneficiaries across H[ierarchal ]C[ondition ]C[ategories]’s between TM and MA, principally in the smaller share of MA enrollees with no coded HCC, consistent with greater coding intensity in MA...
John Lukacs: The Duel: The Eighty Day Struggle Between Churchill and Hitler: "The principal force of the twentieth century is nationalism...
Susan Pedersen: Reviews ‘Bread for All’: "The welfare state emerges in this account as the culmination of a series of individual, sometimes problematic and sometimes heroic, engagements and commitments...
Kieran Healy: On Twitter: "This seems like a plausible two-dimensional space.… ": "This seems like a plausible two-dimensional space...
Claudia Goldin: Harvard economist Claudia Goldin studies why women earn less than men: "If there’s one thing men can do to improve women’s life at work, it would be…
Nick Bunker: Weekend reading: “A jolt in the markets” edition: "This week marks the 25th anniversary of President Bill Clinton’s signing the Family and Medical Leave Act into law...
Helge Berger, Giovanni Dell’Ariccia, and Maurice Obstfeld: The Euro Area Needs a Fiscal Union: "Without more tangible elements of a fiscal union, the euro area will remain fundamentally vulnerable to shocks...
Center for American Progress: Medicare Extra for All: "'Medicare Extra for All'...
Michael Kades: Credit card competition case before U.S. Supreme Court leaves consumers and competition in the balance: "The Supreme Court next week will hear oral arguments in an antitrust case about competition and credit card merchants’ fees...
Will Wilkinson: Anti-Democratic Populism Caused the Dreamer Impasse: "The liberal position is simply the mundane small “d” democratic position...
Anna Stansbury and Lawrence Summers: On the link between US pay and productivity: "More rapid technological progress should cause faster productivity growth...
ProGrowth Liberal: Fiscal Stability or Dire Straits: John Cochrane’s Latest Rant: "John Cochrane babbles on incoherently on what should be a straightforward issue...
Bridget Ansel: The gender gap in economics has ramifications far beyond the ivory tower: "Given the extent to which every individual’s life is intertwined with the economy...
Henry Farrell: The father of consumer sovereignty: "[Even] the mainstream of Mont Pelerin was... problematic on apartheid...
Paul Krugman: Budgets, Bad Faith and ‘Balance’: "my anger is... directed at... enablers, the professional centrists, both-sides pundits, and news organizations that spent years refusing to acknowledge that the modern G.O.P. is what it so clearly is...
Daniel Thomas: London life proves hard to give up for Brexit relocations: "Brexit.... Some of the most important conversations were... but in the kitchens and living rooms of those learning their fates in the first wave of company relocations...
Doug Campbell: Relative Prices, Hysteresis, and the Decline of American Manufacturing: "This study uses new measures of real exchange rates to study the collapse of US manufacturing employment in the early 2000s in historical and international perspective...
Martin Wolf: Brexit has replaced the UK’s stiff upper lip with quivering rage: "In part, the UK is victim of its past successes...
- Doug Campbell: On the Uses (and Abuses) of Economath: The Malthusian Models: "The first year of an Econ Ph.D. feels much more like entering a Ph.D. in solving mathematical models by hand than it does with learning economics...
- Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman: Inequality is not inevitable–but the US 'experiment' is a recipe for divergence: "Income inequality has increased in nearly every country around the world since 1980–but at very different speeds...
- Katia Dmitrieva: U.S. Consumer Prices Top Forecasts, Sending Markets Tumbling: "Core gauge advances 0.3% from prior month, above projections. Apparel index rises 1.7%, most in almost three decades..
- Ian Morris (2013): The Measure of Civilization: How Social Development Decides the Fate of Nations (0691155682): "In the last thirty years, there have been fierce debates over how civilizations develop and why the West became so powerful...
- Marta Lachowska, Alexandre Mas, Stephen Woodbury: Sources of displaced workers’ long-term earnings losses: "We estimate the earnings losses of a cohort of workers displaced during the Great Recession...
- Max Roser: Economist: "What I’ve been up to during the last year...
- Oleg Itskhoki and Dmitry Mukhin: Exchange Rate Disconnect in General Eqilibrium: "We propose a dynamic general equilibrium model of exchange rate determination...
- Paul Krugman: How Big a Bang for Trump’s Buck?: "I’m having a hard time figuring out exactly how big a stimulus we’re looking at...
- Xiaosheng Mu, Annie Liang, and Vasilis Syrgkanis: Dynamic Information Acquisition from Multiple Sources: "Decision-makers often aggregate information across many sources, each of which provides relevant information...
- Jacob Levy: The Weight of the Words: "The business of prioritizing procedural norms, the rule of law, alternation in power, and electoral fairness is psychologically difficult...
- Paul Krugman: Notes on European Recovery: "Since 201,,, we’ve seen significant growth in Europe, with the fastest growth occurring in the areas (other than Greece) that were hardest hit by the euro crisis, especially Spain...
- Dan Davies, Simon Wren-Lewis, and Policy Sketchbook: "Saying nothing about the importance of financial linkages and imbalances because they didn't know they were there does not exactly get the profession off the hook!!!"
- John Cochrane: The Grumpy Economist: Bitcoin and Bubbles: "So, what's up with Bitcoin? Is it a 'bubble?' A mania of irrational crowds?...
- Think Tank Watch: Sex Scandal Rocks Cato Institute: "Here is more from Politico...
- Max Roser: When will the world reach 'peak child'?: "The world has probably not reached 'peak child' yet...
- Hans and Ola Rosling: Ignorance: "The mission of Gapminder Foundation is to fight devastating ignorance with a fact-based worldview that everyone can understand...
- Simon Wren-Lewis: Academic knowledge about economic policy is not just another opinion: "Why don’t we look at what has happened since the financial crisis...
- Dylan Matthews: In defense of Social Security Disability Insurance: "When Americans get too sick or injured to work, this program helps them survive...
- Jared Bernstein: The new asymmetric risk: "Given that we cannot confidently assert that we are at full employment or full capacity... this hyper-Keynesian experiment is worth undertaking...
- Jonathan Chait: Conservatives and the Cult of Trump: "Senator Orrin Hatch declared in December, 'We’re going to make this the greatest presidency that we’ve seen, not only in generations, but maybe ever'...
- T.S. Eliot (1944): Rejection of Animal Farm
- Kenneth Rogoff: When Will Tech Disrupt Higher Education?: "Universities and colleges are pivotal to the future of our societies...
- Stan Collender: This Is The Real Reason The GOP Doesn't Want To Do A Budget This Year: "Senate Majority Leader Mitch McConnell (R-KY) was the first high-level Republican to say Congress might not even consider let alone adopt a budget resolution this year...
- Paul Krugman: "I am surely not the only person experiencing a fair bit of cryptofreude—pleasure in watching the Bitcoin etc bubble deflate...
- John Stuart Mill (1848, 1871): Principles of Political Economy: "Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being...
- Susan Houseman: Understanding the [Post-2000] Decline in Manufacturing Employment: "How did so many people erroneously point to automation as the culprit? It was, Houseman said...
- John Austin: A tale of two Rust Belts: Diverging economic paths shaping community politics: "Some communities have assets (and have advanced strategies to build on those assets)...
- Chris Dillow: Economists in public: "There was a debate on Twitter this morning about how economists can better engage with the public...
- Olivier Coibion, Yuriy Gorodnichenko, and Mauricio Ulate: Real-Time Estimates of Potential GDP: Should the Fed Really Be Hitting the Brakes?: "CBO’s and other similar estimates of potential output are too pessimistic...
- Janelle Jones and Ben Zipperer: Unfulfilled promises: Amazon fulfillment centers do not generate broad-based employment growth: "When Amazon opens a new fulfillment center, the host county gains roughly 30 percent more warehousing and storage jobs but no new net jobs overall...
- Mike Males: The Truth About Teen Suicide: "Trend[s] in suicide rates among teens... track... trend among... adults...
- David Glasner: Noah Smith on Bitcoins: A Failure with a Golden Future : "Noah Smith and I agree that... Bitcoins have no chance of becoming a successful money...
- Andrew Wachtel: Universities in the Age of AI: "Over the next 50 years or so, as AI and machine learning become more powerful, human labor will be cannibalized by technologies that outperform people in nearly every job function..
- Dan Davies and Others: Chris Hanretty: LRT: study in most recent APSR suggests getting people to take perspective of marginalised group...
- Simon Wren-Lewis, Tony Yates, and Dan Davies: "Journalists need a place they can go to get an idea of what the balance of opinion is on any issue, and why economists think that way...
- Graydon Saunders: Dubious Prospects: "Under One Banner will be off to first-pass copy edit in the first week of 2018...
- Adam Tooze: War in Germany 1618-2018: "For much of modern history Germany was Europe’s battlefield...
- Martin Feldstein: The Heightened Risks of a US Downturn: "The Fed traditionally responds to a downturn by sharply reducing the short-term federal funds rate...
- Zac Auter: U.S. Uninsured Rate Rises to 12.3% in Third Quarter
- Morgan Kelly and Cormac Ó Gráda: Speed under sail during the early Industrial Revolution: "The consensus among economic (but not maritime) historians that maritime technology was more or less stagnant for 300 years...
- Hendrik Bessembinder: Do Stocks Outperform Treasury Bills?: "Most common stocks do not outperform Treasury Bills...
- William Easterly: Review: Going Beyond the Limits of the Earth With ‘The Wizard and the Prophet’: "Even though the explosion of population and living standards that Vogt feared did occur, the famines he expected never did...
- Walter Jon Williams: Ursula K. LeGuin: 1929-2018: "I occasionally found myself in the same room with her, but she was always surrounded by a swarm of admirers, and I never felt right about barging through her adherents just to introduce myself...
- Paul Krugman: The Durability of Inflation Derp: "What’s striking about the economists who predicted runaway inflation in 2009-2011 is that as far as I can tell none of them has even gotten to step (a), acknowledging their mistake...
- Matthew Yglesias:Trump’s CNBC interview from the Davos World Economic Forum: "President Donald Trump’s first non-Fox television interview in a long time, conducted with CNBC’s Joe Kernen from Davos, Switzerland, is in many respects weirdly devoid of substance...
- Matt O'Brien: Why can’t conservatives just admit they were wrong about inflation?: "Marvin Goodfriend, one of President Trump's picks for the Federal Reserve, would have been terrible at the job over the past 10 years...
- Ryan A. Decker, John C. Haltiwanger, Ron S. Jarmin, and Javier Miranda: Changing Business Dynamism and Productivity: Shocks vs. Responsiveness: "The pace of job reallocation has declined in all U.S. sectors since 2000...
- Josh Marshall: Trump, Wolff and The Secret of the Russia Story: "The onslaught of negative press allowed Wolff to pose as the only reporter who got the true nature of Trump’s greatness..
- Dan Drezner: @dandrezner on Twitter: "@Noahpinion: 'Open question for Twitter folks: Who would you list as the 5 most important intellectuals in America today?...
- Ann Marie Marciarille: Say It Isn't So, Tim: "Sarah Kliff once noted that Tim Jost was 'scary fast/good' with his health law and policy analysis. I could not agree more...
- Jeffrey Frankel: Does Trade Fuel Inequality?
- Ronald Reagan: Remarks to Members of the National Association of Minority Contractors: "We're trying to provide the broadest possible range of opportunities to all Americans without regard to race, creed, color, or sex. And sometimes it makes your day when you hear from people that understand this and agree..."
- Tom Nichols: Trump’s first year: A damage assessment: "PJ Media’s Roger Simon has declared that Never Trumpers (like me) should apologize for their apostasy...
- Dan Drezner: @dandrezner on Twitter: "@Noahpinion: 'Open question for Twitter folks: Who would you list as the 5 most important intellectuals in America today?..
- Robert Skidelsky: How Economics Survived the Economic Crisis: "Unlike the Great Depression of the 1930s, which produced Keynesian economics, and the stagflation of the 1970s, which gave rise to Milton Friedman's monetarism...
- Robynn Cox, Seva Rodnyansky, Benjamin Henwood, and Suzanne Wenzel: Measuring population estimates of housing insecurity in the United States: A comprehensive approach: "A seven dimension definition of housing security set forth by Cox et al. (2017)...
- Elizabeth U. Cascio: Does Universal Preschool Hit the Target?: Program Access and Preschool Impacts: "This paper takes advantage of age-eligibility rules to construct an instrument for prekindergarten (pre-K) attendance...
- Ruth Simon: The Tax Break That Doctors and Plumbers Both Will Miss: "Architecture and engineering groups...
- Anders Sandberg, Eric Drexler and Toby Ord: Dissolving the Fermi Paradox: "The Fermi question is not a paradox...
- Peter Hall: Ideas and Interests: "Interests are always interpreted (by ideas), i.e. they do not arise unambiguously from the material world...
- Simon Wren-Lewis: Does Brexit end not with a bang but a whimper?: "Most media commentary on Brexit makes a huge mistake... focuses on what the UK government may wish to do or should do...
Recent Links:
- Stephen Mihm: Steel History Shows How America Lost Ground to Europe: "Spoiler alert: Unfair trade practices of foreign nations had nothing to do with it..."
- Belle Waring: Young Man Has Crisis While Europe Stumbles Into War: "I read Radetzky March by Joseph Roth, and it is really the best thing ever. You should all read it, and unlike all the other books I’m thinking of, it’s not eleventy billion pages long..."
- Sophia Besch: The End of Little Germany?: "Germany has long enjoyed the luxury of pretending to be something it is not: a small country. Now that a new government has finally been formed, Germany must start thinking of itself as the major economic player it is, and behave accordingly–preferably before new ministers settle into old routines..."
- Vachel Lindsay: The Congo: A Study of the Negro Race
- Brian Faler: 'This is not normal': Glitches mar new tax law: "Rep. Richard Neal.... 'We’re not going to willy nilly into this with, all of a sudden, a technical corrections bill that has not been sufficiently aired', he said. 'There needs to be an acknowledgment that this was done in haste and that there were many mistakes'..."
- Valerie Wilson and Janelle Jones: Working harder or finding it harder to work?: "Demographic trends in annual work hours show an increasingly fractured workforce..."
- Greg Leiserson: Presentation: U.S. Inequality and Recent Tax Changes: "the recently enacted Tax Cuts and Jobs Act will likely increase disparities in economic well-being, after-tax income, and pre-tax income..."
- Ann Marie Marciarille: The Smoking Gun That Is a Swiss Flag: "Collusion... between Michigan's Allegiance Health and Hillsdale Community Health Center... to derail acute care facility competition in treating cancer, heart,and orthopedic patients.... Svvy colluding parties signaled their territorial allocation by the exchange of a Swiss flag. As the Swiss flag traditionally stands for freedom, honor, and fidelity, I'm thinking they may have gotten their signals crossed..."
- James Poniewozik: @poniewozik: "I know you can never truly know until you're tested, but I believe if an asteroid were hurtling into the Earth I would throw my body in front of it and punch it back into space..."
- Megha Rajagopalan: This Is What A 21st-Century Police State Really Looks Like: "Far from the booming metropolis of Beijing, China is building a sprawling system that combines dystopian technology and human policing. 'It’s a kind of frontline laboratory for surveillance'..."
- Peter Foster, James Crisp, and Gordon Rayner: Brussels accused of 'outrageous' attempt to turn Northern Ireland into EU province by rejecting British compromises: "A senior EU diplomat involved in the talks said it would be 'putting things upside down' to give equal weight to the UK’s preferred options. 'The UK wants its "Narnia" options spelled out in greater detail, but we are still waiting for the proposals from dreamland', the source added, in a reference to CS Lewis’s fantasy novels..."
- Elizabeth Wayland Barber (1995): Women's Work: The First 20,000 Years Women, Cloth, and Society in Early Times (0393035069)
- Andrew Sprung: Medicare for (almost) all, brought to Earth: "Medicare Extra wouldn't be 'Medicare for All' but within a few years, it would be 'Medicare for Most'..."
- Stefanie Stantcheva: Prisoners of the American Dream: "With inequality increasing, many around the world might assume that Americans would want to close the income gap by instituting a more progressive system of redistribution. But the opposite is true: Americans’ perceptions of privilege, opportunity, and social mobility contrast markedly with views elsewhere..."
- Tony Yates: The Petro and the Assignat: "The French government... auctioning off parcels of church land... so to raise money beforehand the government printed tokens called “Assignats” that could be used to bid for land later. Once it became clear that these tokens were selling, it was a small logical step to keep printing and selling the tokens. The problem was that the printing was out of all proportion to any realistic schedule of land auctions..."
- Jianbo Chen, Le Son, Martin J. Wainwright, and Michael I. Jordan: Learning to Explain: An Information-Theoretic Perspective on Model Interpretation: "We would like to find out which k words make the most influence on the decision of the model in a specific review. The number of key words is fixed to be k = 10 for all the experiments. We use both automatic metrics and human annotators..."
- David Weigel: Nationalism—and heckling—take spotlight at conservative conference: "At this year’s conference, in place of discussions of how to reach out to nonwhite voters, speakers, including Trump, spoke about keeping immigrants out..."
- Wikipedia: Fortran - Wikipedia: "While the community was skeptical that this new method could possibly outperform hand-coding, it reduced the number of programming statements necessary to operate a machine by a factor of 20, and quickly gained acceptance..."
- Matthew C. Klein: Europeans should stop whining about their appreciating currency: "They should whine less and encourage better fiscal policy instead..."
- A.O. Scott: In ‘The Young Karl Marx,’ a Scruffy Specter Haunts Europe: "I’m not suggesting that this is a lapse on Mr. Peck’s part. On the contrary, the way his film deals with family matters and gender relations is an aspect of its precision and a measure of its insight. The great virtue of “The Young Karl Marx” is its clarity, its ability to perceive the way the eddies of personal experience flow within the wider stream of history..."
- Paul Krugman: It’s Baaack, Twenty Years Later: "This paper is an exercise in self-indulgence and self-aggrandizement..."
- Ron Amadeo: Android Wear is getting killed, and it’s all Qualcomm’s fault: "This weekend will mark two years since Qualcomm's last smartwatch chip was announced..."
- Marko Kloos
- Amazon: Kindle: Your Notes and Highlights
- Greg Clark (2001): The Secret History of the Industrial Revolution: "Here I argue that there was no significant break in 1770 from the earlier world. That break only occurred later in the nineteenth century. Instead the Industrial Revolution was most likely the last of a series of localized growth spurts stretching back to the Middle Ages..."
- Sami Mahroum: The AI Debate We Need: "Rapid advances in artificial intelligence and related technologies have contributed to fears of widespread job losses and social disruptions in the coming years, giving a sense of urgency to debates about the future of work. But such discussions, though surely worth having, only scratch the surface of what an AI society might look like..."
- Ryan Haemann: The FDA’s Regenerative Medicine Framework is a Big Win for Gene Therapies - Niskanen Center
- Matt Taddy: The Technological Elements of Artificial Intelligence
- Alan I. Abramowitz and Steven W. Webster: Negative Partisanship: Why Americans Dislike Parties ButBehave Like Rabid Partisans: "One of the most important developments in American politics over the last 40 years has been the rise of negative partisanship—the phenomenon whereby Americans largely align against one party instead of affiliating with the other..."
- Victoria Baranov et al.: Maternal Depression,Women’s Empowerment, and Parental Investment: Evidence from a Large Randomized Control Trial
- Michala Iben Riis-Vestergaard et al.: The effect of hydrocortisone administration on intertemporal choice: "Hydrocortisone increases subjects’ preference for the small, soon reward. The effect is specific to receiving hydrocortisone 15 min before the task..."
- Ogged: Else: "A few weeks ago, I was telling my wife that my guess is that about 20% of Americans would be ok with bringing back slavery. She thought that was way too high, but she was forgetting about the University of Chicago!..."
- Ogged: Time To Dust Off Your McCardle-Hating Shoes: "A world of chummy incompetence... develop[ing] in real time, with people you've known, or known of, from back in the day..."
- Joel E. Cohen (1995): How Many People Can the Earth Support?
- Tim Duy: Stick To The Forecast: "For now, though the Fed doesn’t care about your pain.... The bigger picture... is the economic forecast–which continues to point to gradual rate hikes...
- Alexandra Scaggs: B.R.E.A.M. (Bonds Rule Everything Around Me): "But the final effect of the US tax bill on corporate credit remains unclear, mostly because it depends on what companies do with the cash raised from selling their bond holdings..."
- Derek Lowe: Things I Won’t Work With: Dioxygen Difluoride=
- Noah Smith: Must-Reads of 2017: Monopolies, Sexism and Economics: "Economics is still reckoning with the aftermath of the Great Recession, inequality and problems of its own making..."
- Kaili Joy Gray: Author: [Sarah Palin: It’s Obama’s Fault My Drunk Son Punched His Girlfriend, For America(https://wonkette.com/598047/sarah-palin-its-obamas-fault-my-drunk-son-punched-his-girlfriend-for-america)
- Joseph Weldon Bailey
- Matthew Yglesias (2009): Lyndon Johnson in New Orleans, October 1964
- Clifford Durr
- Virginia Foster Durr
- Frederick Marryat
- Marc Schmitt: The Art of the Scam: "This administration has eagerly taken down the guardrails intended to protect individuals from the worst predators...rule[s]... that required investment advisers to act in the interest of their clients... protect students from worthless for-profit colleges... requiring that employees receive the tips that are intended for them..."
- Aphrodite of Knidos
- (1971): Supreme Court, 6-3, Upholds Newspapers on Publication of Pentagon Report
- Gravlax
- Étienne Charles de Loménie de Brienne
- Mondel Chocolates
- Nisha Chikhale: Firms matter: Where you work is important to what you earn | Equitable Growth: "Hours and wages both contribute to earnings declines for displaced workers, but the types of firms where they eventually found jobs matters as well..."
- Alexander Tabarrok and Tyler Cowen (1992): The Public Choice Theory of John C. Calhoun
- Mike Rothschild and Joe Stiglitz (1976): Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information
- Hal White (1980): Using Least Squares to Approximate Unknown Regression Functions on JSTOR: "We provide general conditions under which OLS yields a well-defined _least squares approximation) to an unknown function..."
- Amanda Bayer and Cecilia Elena Rouse*: Diversity in the Economics Profession: A New Attack on an Old Problem: "Implicit attitudes and institutional practices... contribut[e]... at all stages of the pipeline..."
- Primitive Technology
- Black Dirt
- Carl Zimmer: Author: [This Mutant Crayfish Clones Itself, and It’s Taking Over Europe(https://www.nytimes.com/2018/02/05/science/mutant-crayfish-clones-europe.html): "A single drastic mutation in a single crayfish produced the marbled crayfish in an instant... made it possible for the creature to clone itself, and now it has spread across much of Europe and gained a toehold on other continents..."
- John Holbo (2010): If those women were really oppressed, someone would have tended to have freed them by then. — Crooked Timber: "Bryan Caplan... is a wonder to behold.... In the 1880’s... women... should regard themselves as (rationally) sacrificing liberty, a lesser value, for love of libertarianism, a higher value and separate jar of pickles altogether..."
- Ezra Klein: Trump’s 2018 State of the Union made his presidency look small: "Twitter makes Trump look big. The presidency makes him look small..."
- Paul Krugman: Trumpfrastructure Is a Scam
- 2010: Throwing Milton the Red Over the Side...: "Now Douglas Holtz-Eakin—who really does know better—says that Uncle Milton and Uncle Irving were wrong..."
- Dan Davies: "You know the enemies of the people by this sign: when you ask really basic questions about detail, they get nasty..."
- James Kwak: Hey Democrats, the Problem Isn’t Jobs and Growth
- 3Blue1Brown: But what is the Fourier Transform? A visual introduction
- IndieWeb: Webmention
- Brent Simmons: Replies and @-mentions
- Brent Simmons: inessential: Why Micro.blog is Not Another App.net
- Brent Simmons: Micro.blog
- Kevin Drum: I Have Finally Seen a Good SOTU Response Speech: "Joe Kennedy’s SOTU response, but I feel like I have to at least mention it. I’ve long been of the opinion that (a) it’s impossible to give a good SOTU response, and (b) it should be done in front of an audience. Well, Kennedy..."
- Scarce: Stormy Daniels Casts Doubt On Her Own Denial Of Affair With Trump: "'Is any of it true?', asked Kimmel. 'Define "true"', she replied coyly..."
- Alan Beattie: Brexit disarray finally brings UK business out fighting: "Looming deadlines have now caused companies to increase their pressure on government..."
- William Patry: The Constitutional Clause: "On August 18, 1787, three proposals were made to include intellectual property rights within the enumerated national powers.... Pinckney 'to secure to authors exclusive rights for a limited time.' James Madison made two alternative proposals..."
- John Maynard Keynes (1926): The End of Laissez-Faire: "There is no 'compact' conferring perpetual rights on those who Have or on those who Acquire. The world is not so governed from above that private and social interest always coincide. It is not so managed here below that in practice they coincide..."
- Jim Efstathiou: The U.S. Is About to Get Real Cold Again. Blame It on Global Warming: "Less Arctic ice has been linked to more winter cold snaps. Extreme positions of jet stream ‘mean more extreme weather’..."
- Hoang Nghiem: Which was more technologically advanced, the Roman Empire or Han China? - Quora
- Karl Marx (1852): 18th Brumaire of Louis Bonaparte
- (2000): Email: Communism: An Assessment
- D.R. Tucker: The Arc of the Moral Universe Must Bend Towards Impeachment: "Not removing Trump from power—choosing to shirk Constitutional responsibilities because of the inherent difficulty of an impeachment effort—would be the equivalent of allowing cancer to go untreated because of the inherent difficulty of chemotherapy. This cannot go on. Our country cannot bear this level of madness..."
- Izabella Kaminska: A conversation about how public transport really works: "Walker’s core thesis—that urban geometry must be respected at all stages of public transportation development — still holds true. Worryingly, it’s also the key reality still ignored by those seeking to disrupt the world’s transport systems..."
- R. J. Littman and M. L. Littman (1973): Galen and the Antonine Plague 2.J. F. Gilliam (1961)**: The Plague under Marcus Aurelius
- Procopius of Caesarea: The Secret History: "Xii. Proving That Justinian and Theodora Were Actually Fiends in Human Form..."
- Praise be darkness, and creation unfinished: John Scalzi: Ursula K. Le Guin, the spiritual mother of generations of writers: "Nearly every lover and creator of science fiction and fantasy can give you a story of how Le Guin, through her words or presence, has illuminated their lives..."
- Mike Konczal: How Ideology Works: "You can’t fully understand what happened unless you see the way these elements empower each other. Rodgers’s call to take them piece by piece gets us further away from seeing this..."
- Wikipedia: Michael Beschloss
- Guido Alfani and Cormac Ó Gráda, eds.: Famine in European History
- Pranab Bardhan: Gujarat model of hate is evident everywhere: Economist
- Leonard Susskind: Is the Universe Fine-Tuned for Life and Mind?: The Cosmological Constant
- Josh Marshall: Party Taxonomy: "Our politics begin to make sense when you realize that the GOP is two parties: Party A, a rightist, ethno-nationalist party similar to rightist parties in Europe and Party B, a center-right pro-business party that is distinct from but controlled by Party A..."
- Facebook: (51) The Ludwig von Mises Institute and Racism
- *J. Vernon Henderson, Tim Squires, Adam Storeygard, and David Weil *: Global Distribution of Economic Activity: Nature, History, and the Role of Trade: "24 physical geography attributes explains 47% of worldwide variation and 35% of within-country variation in lights [at night]..."
- Noah Rothman: Stark generational divide over Trump in the GOP: "Mostly over the acceptability of loose morals and reckless antagonism for its own sake. The kids are against it..."
- Karl Smith: The Future of U.S. Mining and Manufacturing is Bright: "The dynamic nature of the U.S. economy and the resource wealth of North America combine to produce a natural export machine. That machine hasn’t been in operation, not because we lack the capacity, but because we are so wealthy that most of the world can’t afford U.S.-made products..."
- Ryan Hagemann: The Coming Age of Genetics is Now Coming-of-Age: "These technologies aren’t on the far-flung horizon; they’re at our front door.... Science... described how gene therapy techniques have already begun improving the lives of those with cancer and heritable genetic diseases..."
- John Quiggin: A taxonomy of never-Trumpers: "The smallest group... those who have remained politicaly conservative.... By 2020, it will probably be an empty set. That obviously raises the question of what will remain of the conservative movement when and if Trump is defeated..."
- Wikipedoa: Abundances of the elements
- Justin Klosky: (88) How to Fold a Fitted Sheet in 30 seconds
- James Pogue: The GOP’s Biggest Charter School Experiment Just Imploded: "ECOT grew up... with the support of state politicians and national GOP power brokers... in many ways... served as a model.... Now, the same districts ECOT pulled its funds from are scrambling to find a way to take in its former students..."
- P.Z. Myers: "Spaceship building is never going to be a selectively advantageous feature—it’s only going to emerge as a spandrel, which might lead to a species that can occupy a novel niche. And that means that spaceship builders are only going to arise as a product of chance, which will mean they’re going to be very rare..."
- Liz Hipple: Can the financial benefit of lobbying be quantified?: "Carpenter and Libgober estimate that banks that commented on the proposed rules had stock market returns of between $3.2 billion and $7 billion more than they would have had if they hadn’t participated..."
- Bridget Ansel: Dinner table entrepreneurship on both sides of the Atlantic | Equitable Growth: "kids who grow up with entrepreneurial fathers are more likely to start a business in the same industry and be more successful at it..."
- Daniel Shaviro: Greg Leiserson on dynamic scoring: "I think...insufficient adjustment for the massive tax planning opportunities that the act has encouraged and that we will be reading about in the newspapers within a year or two, if not sooner..."
- Bridget Ansel: Weekend reading: “lobbying and entrepreneurship” edition: "A new working paper by... Daniel Carpenter and Brian Libgober... quantify[ing] the benefits of lobbying for businesses..."
- Ezra Klein: Government shutdown: this a perfect example of Trump-era governance: "Taken in its entirety, the 'shithole shutdown' is the perfect encapsulation of governance in the Trump era: dysfunction and chaos driven by anger and fear toward America’s changing demographics, and the congressional GOP’s cowardly acquiescence to Trump’s ever-shifting demands..."
- Matthew Yglesias: Worth noting: "Congressional GOP is: 1) Sufficiently committed to Trump to back a partisan purge of the FBI on his behalf. 2) Doesn’t trust Trump to conduct a legislative negotiation with Chuck Schumer..."
- Kim and Kanye name their new baby Chicago West
- Jen Kirby: The sex abuse charges against USA Gymnastics team doctor Larry Nassar, explained - Vox: "Gymnasts he abused are telling their stories. They damn more than just the doctor..."
- Peter Leyden and Ruy Teixeirad: The Great Lesson of California in America’s New Civil War: "The great lesson of California, the harbinger of America’s political future... there is no way that a bipartisan path provides the way forward..."
- Tressie McMillan Cottom: In An Age Of Wicked Problems, Beware Of Simple Solutions: "Wicked problems... bring out the shysters... 'thought leaders'... who profit from selling certainties in uncertain times... elixirs for all that ails us..."
- Peter Orszag: Extraordinary Stress and Pessimism Take a Grim Toll: "Low-income Americans report significantly higher levels of daily stress than high-income Americans do. But Graham also notes that the type of stress they typically experience is especially harmful to health, because it seems to be outside the individual’s locus of control..."
- Christopher Pissarides and Jacques Bughin: Embracing the New Age of Automation: "Rapid advances in automation and artificial intelligence... worried about a jobless future and sky-high levels of inequality. But the large-scale technologically driven shift currently underway should be welcomed, and its adverse effects should be managed with proactive policies to reinvest in workers..."
- Andy Weir: Andy Weir on the Economics of Sci-Fi and Space (Ep. 31)
- Tyler Cowen: Oumuamua and the Fermi paradox: "Given the Fermi paradox, shouldn’t we assume a fairly high probability this is in fact some form of alien contact or display? It’s like when you are expecting a package from UPS and then finally the doorbell rings..."
- Douglas Almond, Kenneth Chay, and Michael Greenstone: Civil Rights, the War on Poverty, and Black-White Convergence in Infant Mortality in the Rural South and Mississippi: "The benefits of the 1960s Civil Rights legislation extended beyond the labor marker and were substantially larger than recognized previously..."
- Ankaret Wells: Unrolled thread from @AnkaretWells: "Twitter, let's talk historical definitions. If someone is arresting women for being too poor, too old or too weird, that's a WITCH HUNT. If instead they are arresting men for being part of a powerful network with too much money and influence, that's a KNIGHT TEMPLAR HUNT..."
- Brent Simmons: Evergreen RSS Reader
- David Scheer: Bridgewater's Steinberg Killed in Plane Crash With Family: "[Bruce] Steinberg, his wife Irene, and their sons William, Zachary and Matthew were aboard the single-engine plane when it crashed in the northwestern province of Guanacaste shortly after takeoff..."
- Wikipedia: OODA loop - Wikipedia: "Observe, orient, decide, and act..."
- Glen David Brin (1982): The Great Silence: The Controversy Concerning Extraterrestrial Life
- Jennifer Rubin: With Bannon gone, we can see Trumpism for what it really is: "Trump has long been about Trump, a cult of personality with ample helpings of racism, xenophobia, protectionism and nativism. His only 'genius' is in manipulating and conning those looking to justify grievances (usually based on race)..."
- Wikipedia: Anunnaki: "Although the names of the Anunnaki in Hurrian and Hittite texts frequently vary, they are always eight in number. In one Hittite ritual, the names of the old gods are listed as: 'Aduntarri the diviner, Zulki the dream interpress, Irpitia Lord of the Earth, Narā, Namšarā, Minki, Amunki, and Āpi'..."
- Malory Ortberg: I don't understand the Wars of the Roses: "I’LL SAY IT AGAIN: MINIMIZE YOUR BURGUNDIAN INTERLUDES, MAKERS OF PERIOD DRAMAS..."
- Greg Grandin: The Death Cult of Trumpism: "Through racism and nationalism, Trump leverages tribal resentment against an emerging manifest common destiny..."
- Malory Ortberg: Marcus Aurelius Prepares For The New Year: "I, Emperor of Rome, son of Marcus Annius Verus, heir to Hadrian, know, on some level, that just “drinking more water” isn’t magically going to fix everything, that eventually when it comes to drinking water you experience diminishing returns, and that it’s not going to suddenly clear up my skin and make me the sort of person who gets cheerfully out of bed at gallicinium, ready to face the sunrise..."
- Leslie Hook: California fights back against Trump’s federal agenda: "Mr de León says... unusual times call for unusual measures: 'When you have an occupant in the White House who is a clear and present danger, not just to the state of California, but to the entire United States and the entire world — this is not an ordinary moment in our nation’s history'..."
- Elizabeth Kolbert: The Psychology of Inequality: "Researchers find that much of the damage done by being poor comes from feeling poor..."
- Branko Milanovic: What these early-20th-century scholars got right about 21st-century politics: "Hobson on inequality, Weber on democracy and demagoguery, and Marshall on migration..."
- Who Is Less Witfull Here?: Monday Smackdown
- Rereading Phil Hoffman: Why Did Europe Conquer the World?
- (Early) Monday Smackdown/Hoisted from the Archives: Thinking Math Can Substitute for Economics Turns Economists Into Real Morons Department
- Paul Krugman Looks Back at the Last Twenty Years of the Macroeconomic Policy Debate
- Economics as a Professional Vocation: Bulls--- Detection as a Student Learning Goal
- Trumpfrastructure: No Longer So Live at Project Syndicate
- Estimating the Long Run Growth Effects of Tax Cuts: An Example
- Noise Trading, Bubbles, and Excess Stock Market Volatility: Hoisted from the Archives from 2013: Noah Smith has a very nice post this morning: Noah Smith: Risk premia or behavioral craziness?
- Reading: Robert Allen (2009): The British Industrial Revolution in Global Perspective
- Why Low Inflation in the Global North Should Be No Surprise
- Donald Trump Is Playing to Lose: Live at Project Syndicate
- When Globalization is Public Enemy Number One: No Longer Fresh at the Milken Institute Review
- Jupyter Notebook Programming Dos and Don'ts: A Running List
- Analyzing Growth: Lecture Support for Econ 113 S2018
- Reading Notes for Joel Mokyr: A Culture of Growth
- Thinking About President Donald Trump
- Reading Question/Note Files for Bob Allen: Global Economic History: A Very Short Introduction
- Free Riding, Unions, and "Right-to-Work"
- Economics 210b: Topics in Economic History: "Great Books" Course
- Free Riding, Unions, and "Right-to-Work"
- Thinking About President Donald Trump
- Reading Notes for Joel Mokyr: A Culture of Growth
- Reading Question/Note Files for Bob Allen: Global Economic History: A Very Short Introduction
Live from the Gilded Age: Andrew Carnegie (1889): Wealth: "The problem of our age is the proper administration of wealth..."
Live from American History: Abigail Adams* (31 March - 5 April 1776): Letter to John Adams, : "Braintree March 31, 1776...
Live from the State with the Extremely Strong Democratic Bench: Alexei Koseff: Feinstein denied Democratic endorsement in CA Senate race: "Delegates at the California Democratic Party convention... the veteran lawmaker... received only 37 percent...
Live from the Orange-Haired Baboon Cage: So former Minnesota Congressman and Gingrich henchman Vin Weber was one of Putin's stooges in his attempt to keep Ukraine undemocratic and far from western Europe. This is somewhat of a surprise. But not too much of one. The rule of thumb is becoming: don't be surprised by anything somebody still a member of the Republican Party today will do or has done: Allegra Kirkland: Who Was In The Fateful Meeting That Rick Gates Lied To Mueller About?: "Just this month, Gates lied to Special Counsel Robert Mueller’s team and to the FBI about what transpired during a spring 2013 meeting...
Live from "Spukhafte Fernwirkung": Yoon-Ho Kim (1999): A Delayed Choice Quantum Eraser: "This paper reports a 'delayed choice quantum eraser' experiment...
Live from the Grove of Cognitive Philosophy Academe: Horsing around by reading the very wise and clever Scott Aaronson: The Ghost in the Quantum Turing Machine, instead of doing work this morning, has led me to be thunderstruck by an excellent insight of his: Newcomb's Problem is, in its essentials, the same as the problem of Self-Locating Belief, and the solution by Adam Elga: Defeating Dr. Evil with Self-Locating Belief makes as much sense as a solution of one as the other. (I think it makes enormous sense as a solution to both, but YMMV.) As Scott puts it...
Live from Spooky Action at a Distance: Question: Don't decoherent branches of an Everettian wave function recohere every time somebody runs a quantum eraser? In what sense is testing the existence of decohered states "hopelessly impractical"? Sean Carroll: Beyond Falsifiability: Normal Science in a Multiverse: "(3) There exist tests that are possible to do within the laws of physics, but are hopelessly impractical...
Live from Tarantinoland: Jules Winnfield: Pulp Fiction: Ezekiel 25:17. "'The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men...
Live from the Orange-Haired Baboon Cage: Trump is meaner in rhetoric than the orthodox Republicans, but not meaner than them in their lack of concern for the well-being of Americans: Jonathan Chait: Obama’s Gone, So Republicans Stopped Sabotaging the Economy: "During the Obama era, Democrats frequently believed, but only rarely uttered aloud in official forums, that the Republican Party was engaged in economic sabotage...
Live from Monticello: Humans... can be thought of... as rational beings, as rational_izing_ beings, and as debating beings.... Jefferson is that he was outsized and gigantic in all three of these aspects: Thomas Jefferson (1981): Notes on the State of Virginia, Query XVIII: Manners: "It is difficult to determine on the standard by which the manners of a nation may be tried, whether catholic, or particular...
Live from Rant Central: Charlie Stross has had it with you people—those of you people who abandon worldbuilding and the exploration of possible human civilizations different from ours in the future direction for spectacle, and warmed over Napoleonic or WWII stories in fancy future dress: Charlie Stross: Why I barely read SF these days: "Storytelling is about humanity and its endless introspective quest to understand its own existence and meaning...
- Live from the Orange-Haired Baboon Cage: America is resisting Trump’s authoritarian and ethnic grievance onslaught. The rural south, Midwest, and mountain and desert west is not. And those who resist it are being read out of the Republican Party. Max Boot is a little too optimistic here: Max Boot: America is resisting Trump’s onslaught. Just don’t get cocky: "if Trump ruled in Italy in the 1920s, Argentina in the 1950s or Venezuela in the 2000s, he would undoubtedly be a dictator by now...
- Live from the Bronze Age: The Hittite view of Minoan/Mykenaean civilization: Martin West (2001): Atreus and Attarissiyas: "There are many Homeric names in -eus...
- Live from Pseudoscience Land: I must say, I do wish I could read this. I know that it is obvious that the Moon is in the Eleventh House, and that Jupiter and Saturn are aligned in the First House opposite the sun. But the rest?: Johann Kepler 1608): von Wallenstein Horoscope: "Cast for Albrecht von Wallenstein when he was 25 by the astronomer Johannes Kepler...
- Live from the Cryptocurrency Bulls' Self-Made Gehenna: Who is holding 1.6B dollars of TetherCoin—and an additional 100M dollars each day of the past week—and why?...
- Live from the Orange-Haired Baboon Cage: David Brooks picked a bad moment to go all anti-anti-Trump contrarian.: "But there will never be a good one, will there?... And am I wrong, or wasn't Brooks's "affable, if repetitive" the party line for the late second term Alzheimers-afflicted Reagan?: Steve M.: NO MORE MISTER NICE BLOG: MARC THIESSEN'S DEFENSE OF TRUMP IS EVEN MORE EMBARRASSING THAN THE ONE BY DAVID BROOKS...
- Live from Global Warming Gehenna: An interesting—and unusual—weather pattern. With more energy the climate can occupy more states, and transfer of cold air straight down the prairie from the arctic to the gulf coast is definitely a state of the system...
- Live from... Europe's Twentieth Century Gehenna: Reading Dennis Showalter (2005): Patton and Rommel: Men of War in the Twentieth Century http://amzn.to/2D7QNOq https://www.amazon.com/dp/0425206637/. And I find myself wondering: Why didn't Hermann Hoth request Rommel for his team in Russia for Operation Barbarossa?..."
- Hoisted from the Archives: Noise Trading, Bubbles, and Excess Stock Market Volatility: Hoisted from the Archives from 2013: Noah Smith has a very nice post this morning: Noah Smith: Risk premia or behavioral craziness?:
- Hoisted from the Archives: Yes, People at the Ludwig von Mises Institute Think Churchill Was a War Criminal for Not Making Peace with Hitler in May 1940. Why Do You Ask?
- Hoisted from the Archives: Dictatorships and Double Standards: Jeet Heer Has a Ludwig Von Mises Quote:
- Hoisted from the Archives: Reading Notes for Joel Mokyr: A Culture of Growth
- Readings: Reading Question/Note Files for Bob Allen: Global Economic History: A Very Short Introduction
Weekend Reading: Elizabeth Warrn: Address to NCAI: "I want to start by thanking Chairwoman Andrews-Maltais for that introduction...
Weekend Reading: Winston Churchill on January 27, 1942 on the War Situation
Weekend Reading: Adam Smith (1776): Publicly Funded Education: "In the progress of the division of labour, the employment of the far greater part of those who live by labour...
Comment of the Day: RW: Disrupting Education: "'Will we ever create tech (even for a few subjects) that will work as well as good one-on-one tutoring?'...
Comment of the Day: Meno: Disruptive Technology and Education: "The main example of "disruptive" technology Rogoff gives in education is replacing live lectures with filmed ones. Quite obviously this is 1940s technology...
Comment of the Day: Robert Waldmann: Fiscal Policy: "I think that Jared Bernstein puts much too little emphasis on caveat 2b—the FOMC...
Comment of the Day: Ethan: LIVE FROM GLOBAL WARMING GEHENNA: "We used to call it 'Global Warming'. Later we called it 'Climate Change'. I have long preferred to call it 'Excess Solar Energy Trapped in the Bio-sphere'..."
Books:
- Books That It Is Time to Reread: Richard H. Thaler (2015): Misbehaving: The Making of Behavioral Economics: (0393080943): A Rationalist writes: "'The foundation of political economy and, in general of every social science, is evidently psychology...
Economic History:
- Wednesday Economic History: NIkola Tesla: It is traditional to talk about Thomas Alva Edison. The most famous inventor in the world, "the wizard of Menlo Park", New Jersey, registered more than 1000 patents and founded 15 companies—including what is now called General Electric. But that story is too well-known. Let’s talk about Nicola Tesla instead...
- Live from the Gilded Age: Andrew Carnegie (1889): Wealth: "The problem of our age is the proper administration of wealth..."