In some recent work, Bosquet and Combes look at French data (only) and correlate the quality of economics departments with some of their underlying features. Why did they chose France?: “The most frequent way of becoming a full professor is via a national contest that allocates winners to departments in a largely random way.” So […]
1. Three key facts about Japan’s deteriorating demographics. 2. “Imagine a search engine that simply removed the top 1 million most popular web sites from its index. What would you discover?” 3. Spectator picks for book of the year. And from The Observer. 4. Is the economics job market picking up? 5. Drone tries to […]
1. The Great Mirror of Folly: Finance, Culture, and the Crash of 1720, edited by William N. Goetzmann, Catherine Labio, K. Geert Rouwenhorst, and Timothy G. Young, with a foreword by Robert J. Shiller. A beautiful full-size book with amazing plates as well as text. Think of this as a book about a book, focusing […]
Michael Clemens directs our attention to a February 2013 paper by Chang-Tai Hsieh, Erik Hurst, Charles I. Jones, and Peter J. Klenow, here is the abstract: In 1960, 94 percent of doctors and lawyers were white men. By 2008, the fraction was just 62 percent. Similar changes in other highly-skilled occupations have occurred throughout the […]
Here is something for you to try out tomorrow with the family, well some families. The Betrayers’ Banquet is a dinner party/event that ingeniously combines the iterated prisoner’s dilemma with good food, bad food and entertainment. Here is their description: The event works as follows: A banqueting table is set with 48 chairs, 24 on each […]
1. Can you now taste the internet? And some odd photos from the year (you have to sit through a short ad). 2. Kenneth Arrow on malaria economics. 3. The regulatory lookback. 4. Did the swine flu pandemic of 2009 kill eleven times more people than we had thought? 5. Will the IMF now be […]
Being 50 minutes late for his first meeting with Pope Francis was nothing unusual for Russian President Vladimir Putin. That’s just the way he is — a character trait that provides some insight into his attitude toward power. When Putin arrived on time to an audience with Pope John Paul II in 2003, the punctuality was considered […]
It seems the answer is no, they are applied acyclically rather than pro-cyclically to calm down overheating economies. Here is a new paper by Andrés Fernández, Alessandro Rebucci, and Martín Uribe, “Are Capital Controls Prudential?Show More Summary
Arlington-based Strayer Education Inc., hoping to curb declining enrollment, will cut tuition for new undergraduate students by as much as 40 percent. Strayer will give all new students 20 percent off tuition at enrollment, and is offering a program called Tuition Awards, which will cover the cost of one class for every three a student […]
1. Quantum and classical light harvesting of plants as a means of computation. 2. Excerpt from Michael Nielsen’s new book on neural nets. His associated Indiegogo is here. 3. Is the number of uninsured in California even going down? 4. MIE: fake slums for luxury tourists who don’t want to see real poverty. 5. Children […]
Via Chaim Katz, here is a Bloomberg headline from 2012: “Asian Seafood Raised on Pig Feces Approved for U.S. Consumers.” Whether or not you agree with this decision (how good is disclosure?), you get the point.
At the same time that the NSA is secretly and illegally obtaining information about Americans the FDA is making it illegal for Americans to obtain information about themselves. In a warning letter the FDA has told Anne Wojcicki, TheShow More Summary
That is a new paper by Chiara Franzoni, Giuseppe Scellato and Paula Stephan, and the abstract is this: Migrant scientists outperform domestic scientists. The result persists after instrumenting migration for reasons of work or study with migration in childhood to minimize the effect of selection. The results are consistent with theories of knowledge recombination and […]
1. Shifting sources of musicians’ income, 1999-2012. 2. Lengthy lecture notes, now a text of sorts, originally based on a 1994 Michael Woodford class on international economics (pdf). 3. New David Mitchell out in September 2014. 4. Eli Manning’s footballs are months in the making. 5. Is it the ACA behind the bending of the […]
Three years ago, I wrote about the problem of retail stores being open for business on Thanksgiving. It is posted in full below. As one might expect, Sears continues to open on Thanksgiving and has been joined by many other businesses trying to profit from those who can’t resist getting a jump on so-called Black Friday. Fortunately, many […]
The Government of Scotland has just released its 600-odd-page white paper on independence in advance of the September 18, 2014 referendum on the question. First Minister Alex Salmond and the rest of the pro-independence side have their work cut out, with the latest poll showing a 47-38% plurality in favor of “No.” In part, the […]
Doug Bandow Kuwait City, Kuwait—“I read your blog post,” Dr. Anood Al-Sharikh told me when we met. “Kuwait isn’t really liberal, but more liberalish, don’t you think?” She’s right, though in the Middle East even liberalish is a major advance over ugly authoritarian systems like the Saudi theocracy. Show More Summary
Julian Sanchez In the bad-old-days of American intelligence, J. Edgar Hoover maintained a notorious “Sex Deviate” file filled with salacious bits of information on the sexual proclivities of prominent Americans: actors, columnists, activists, members of Congress, and even presidents. Show More Summary
What you have is an increasing number of brilliant PhD graduates arriving every year into the market hoping to secure a permanent position as a professor and enjoying freedom and high salaries, a bit like the rank-and-file drug dealer hoping … Continue reading ? The post “How academia resembles a drug gang” appeared first on Chris Blattman.
A new paper from Raul Sanchez de la Sierra, a student I’ve been working with since arriving at Columbia: I develop a model that introduces optimal taxation theory to the decision of armed groups to form states, and argue that … Continue reading ? The post Where do warlords come from? (My favorite political economy paper of the year) appeared first on Chris Blattman.