Tyler Cowen via Marginal Revolution on Mon, 01 Dec. 2008
Here are two headlines from yesterday's New York Times: Plea Deal is Offered to 8-Year-Old and Parents Look to Genetic Test to Guide Chi readmore
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Marginal Revolution
Marginal Revolution
The end of childhood, installment #537
Tyler Cowen via Marginal Revolution on Mon, 01 Dec. 2008
Here are two headlines from yesterday's New York Times: Plea Deal is Offered to 8-Year-Old and Parents Look to Genetic Test to Guide Chi readmore
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Tyler Cowen via Marginal Revolution on Mon, 01 Dec. 2008
Here are two headlines from yesterday's New York Times: Plea Deal is Offered to 8-Year-Old and Parents Look to Genetic Test to Guide Chi readmore
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New MR book club - Keynes's *General Theory*
Tyler Cowen via Marginal Revolution on Sun, 30 Nov. 2008
Greg Mankiw wrote:If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of r readmore
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Tyler Cowen via Marginal Revolution on Sun, 30 Nov. 2008
Greg Mankiw wrote:If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of r readmore
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The Cassandra Hunt
Tyler Cowen via Marginal Revolution on Sun, 30 Nov. 2008
Kevin Drum comments, here is Brad DeLong, and Matt Yglesias, and A readmore
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Tyler Cowen via Marginal Revolution on Sun, 30 Nov. 2008
Kevin Drum comments, here is Brad DeLong, and Matt Yglesias, and A readmore
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Market Design blog
Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
It's new and it's being run by the Nobel-worthy Al Roth of Harvard. Visit it here. readmore
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Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
It's new and it's being run by the Nobel-worthy Al Roth of Harvard. Visit it here. readmore
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The need for reliable information
Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
I very much agree with this sentiment of Mark Thoma's:There has been much debate about whether the financial crisis is driven by lack of liquidity or from fears about lack of adequate capital and solvency, but I'm starting to think a third component is important as well, the complete breakdown of traditional information flows, and a loss of confidence in the models used to ev readmore
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Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
I very much agree with this sentiment of Mark Thoma's:There has been much debate about whether the financial crisis is driven by lack of liquidity or from fears about lack of adequate capital and solvency, but I'm starting to think a third component is important as well, the complete breakdown of traditional information flows, and a loss of confidence in the models used to ev readmore
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Assorted links
Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
1. Good French meals: not in France 2. Color pies of movies 3. Markets in everything: readmore
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Tyler Cowen via Marginal Revolution on Sat, 29 Nov. 2008
1. Good French meals: not in France 2. Color pies of movies 3. Markets in everything: readmore
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One very bad economic indicator
Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
A Wal-Mart employee in suburban New York died after he was trampled by a crush of shoppers who tore down the front doors and thronged into the store early Friday morning, turning the annual rite of post-Thanksgiving bargain hunting into a Hobbesian frenzy.Here is the story. readmore
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Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
A Wal-Mart employee in suburban New York died after he was trampled by a crush of shoppers who tore down the front doors and thronged into the store early Friday morning, turning the annual rite of post-Thanksgiving bargain hunting into a Hobbesian frenzy.Here is the story. readmore
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Questions that are rarely asked
Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
Richard Green writes to me:If the likes of Hitchcock and others could turn works that were mediocre in literature into great films, I wonder what mediocre films could have been great literature.The point is not to come up with a list (though some of you will) but rather to ponder what we can learn about l readmore
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Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
Richard Green writes to me:If the likes of Hitchcock and others could turn works that were mediocre in literature into great films, I wonder what mediocre films could have been great literature.The point is not to come up with a list (though some of you will) but rather to ponder what we can learn about l readmore
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Sentences to ponder
Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
No rational regulator concerned with substantive transparency would approve of common stock, if it were a novel investment vehicle. It guarantees no cash flows whatever, its "control rights" are so weak for most purchasers that representations thereof should be viewed as fraudulent. Empirically common stock behavior is very weakly coupled to the performance and health of t readmore
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Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
No rational regulator concerned with substantive transparency would approve of common stock, if it were a novel investment vehicle. It guarantees no cash flows whatever, its "control rights" are so weak for most purchasers that representations thereof should be viewed as fraudulent. Empirically common stock behavior is very weakly coupled to the performance and health of t readmore
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How many Obamas are there?
Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
According to databases, there might be fewer than 20 Obama families in the United States, compared with more than 11,000 Clintons and 60,000 Bushes...Many of these people are being treated like VIPs. But they are readmore
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Tyler Cowen via Marginal Revolution on Fri, 28 Nov. 2008
According to databases, there might be fewer than 20 Obama families in the United States, compared with more than 11,000 Clintons and 60,000 Bushes...Many of these people are being treated like VIPs. But they are readmore
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Betting markets in everything
Tyler Cowen via Marginal Revolution on Thu, 27 Nov. 2008
Markets on whether InTrade will continue to exist. The numbers are here. These markets are run by...InTrade. I've been looking for markets in the probability of an India-Pakistan nuclear readmore
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Tyler Cowen via Marginal Revolution on Thu, 27 Nov. 2008
Markets on whether InTrade will continue to exist. The numbers are here. These markets are run by...InTrade. I've been looking for markets in the probability of an India-Pakistan nuclear readmore
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Facts about the Chinese slowdown
Tyler Cowen via Marginal Revolution on Thu, 27 Nov. 2008
Why then is China slowing so sharply? Simple, real estate investment has hit a wall. After growing at 20% y/y for a long time, real estate investment stalled – with a y/y growth rate of around 0% (Figure 5). That means that China is in turn producing more steel and cement than it needs, and producers of steel and cement are cutting back. That in turns hurts iron ore exporters… readmore
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Tyler Cowen via Marginal Revolution on Thu, 27 Nov. 2008
Why then is China slowing so sharply? Simple, real estate investment has hit a wall. After growing at 20% y/y for a long time, real estate investment stalled – with a y/y growth rate of around 0% (Figure 5). That means that China is in turn producing more steel and cement than it needs, and producers of steel and cement are cutting back. That in turns hurts iron ore exporters… readmore
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Atlas Shrugged - Updated
Alex Tabarrok via Marginal Revolution on Wed, 26 Nov. 2008
"Damn it, Dagny! I need the government to get out of the way and let me do my job!" She sat across the desk from him. She appeared casual but confident, a slim body with rounded shoulders like an exquisitely engineered truss. How he hated his debased need for her, he who loathed self-sac readmore
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Alex Tabarrok via Marginal Revolution on Wed, 26 Nov. 2008
"Damn it, Dagny! I need the government to get out of the way and let me do my job!" She sat across the desk from him. She appeared casual but confident, a slim body with rounded shoulders like an exquisitely engineered truss. How he hated his debased need for her, he who loathed self-sac readmore
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Iowa City fact of the day
Tyler Cowen via Marginal Revolution on Wed, 26 Nov. 2008
In 2006, for a population of 63,027, there were 63,713 public library patrons; borrowers as a percentage of population reached 101 percent.I wonder if Will Wilkinson is now one of them; here is more. In another life, I would write a whole blog just on public libraries readmore
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Tyler Cowen via Marginal Revolution on Wed, 26 Nov. 2008
In 2006, for a population of 63,027, there were 63,713 public library patrons; borrowers as a percentage of population reached 101 percent.I wonder if Will Wilkinson is now one of them; here is more. In another life, I would write a whole blog just on public libraries readmore
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The Superorganism
Tyler Cowen via Marginal Revolution on Wed, 26 Nov. 2008
The subtitle is The Beauty, Elegance, and Strangeness of Insect Societies and that is the new book by Bert Hölldobler and Edmund O. Wilson. This is readmore
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Tyler Cowen via Marginal Revolution on Wed, 26 Nov. 2008
The subtitle is The Beauty, Elegance, and Strangeness of Insect Societies and that is the new book by Bert Hölldobler and Edmund O. Wilson. This is readmore
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Truce?
Tyler Cowen via Marginal Revolution on Tue, 25 Nov. 2008
Justin Wolfers asks for captions, leave your (polite) suggestions in the comments here and see if you can beat their readers. readmore
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Tyler Cowen via Marginal Revolution on Tue, 25 Nov. 2008
Justin Wolfers asks for captions, leave your (polite) suggestions in the comments here and see if you can beat their readers. readmore
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Million Dollar Arm
Tyler Cowen via Marginal Revolution on Tue, 25 Nov. 2008
Singh and Patel came to the United States six months ago after being the top finishers in an Indian reality TV show called the "Million Dollar Arm" that drew about 30,000 contestants. The show sought to find athletes who could throw strikes at 85 miles per hour or faster....The contest was sponsored by a California sports management company that believed it could readmore
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Tyler Cowen via Marginal Revolution on Tue, 25 Nov. 2008
Singh and Patel came to the United States six months ago after being the top finishers in an Indian reality TV show called the "Million Dollar Arm" that drew about 30,000 contestants. The show sought to find athletes who could throw strikes at 85 miles per hour or faster....The contest was sponsored by a California sports management company that believed it could readmore
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Wind Farming
(unknown author) via Marginal Revolution on Tue, 25 Nov. 2008
Shared by @ErikJHeels Wind done right beats nuclear done wrong. Canada's Melancthon EcoPower Centre just launched. http://tinyurl.com/5gcwlt President-elect Obama has called for the creation of more "wind farms." Be readmore
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(unknown author) via Marginal Revolution on Tue, 25 Nov. 2008
Shared by @ErikJHeels Wind done right beats nuclear done wrong. Canada's Melancthon EcoPower Centre just launched. http://tinyurl.com/5gcwlt President-elect Obama has called for the creation of more "wind farms." Be readmore
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Assorted links
Tyler Cowen via Marginal Revolution on Mon, 24 Nov. 2008
1. The origins of the Great Depression 2. Kiyoshi Ito, of Ito's Lemma (recommended link), passes away. 3. Price Fishback on readmore
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Tyler Cowen via Marginal Revolution on Mon, 24 Nov. 2008
1. The origins of the Great Depression 2. Kiyoshi Ito, of Ito's Lemma (recommended link), passes away. 3. Price Fishback on readmore
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The Citigroup bailout
Tyler Cowen via Marginal Revolution on Mon, 24 Nov. 2008
Lots of opinions. Ugh. Arnold Kling says ugh too, with this good line: "...the employment benefit of infrastructure projects is more likely to go to the illegal immigrants who were laid off from housing construction a readmore
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Tyler Cowen via Marginal Revolution on Mon, 24 Nov. 2008
Lots of opinions. Ugh. Arnold Kling says ugh too, with this good line: "...the employment benefit of infrastructure projects is more likely to go to the illegal immigrants who were laid off from housing construction a readmore
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