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Nobel Prize winner is Angus Deaton

A brilliant, excellent selection.  Deaton works very closely with numbers, and his preferred topics are consumption, poverty, and welfare.  Deaton was born in Scotland but has taught at Princeton for some time. I think of this as a prize about empirics, the importance of economic development, and in some ways a prize about economic history.  […]

Olivier Blanchard on the European economies

His very good point does not receive enough attention: “I thought that the zero interest rate, the decrease in the price of oil, the depreciation of the euro, the pause in fiscal consolidation, would help more than they have”, he said. Perhaps we should consider the possibility that many of the European economies are at […]

Sunday assorted links

1. Laura Miller on Neil Strauss. 2. “They called me The Book.”  The story of a super face recognizer. 3. Anand on Fischer. 4. Singapore Post tests drone delivery. 5. Henry Kissinger on Vietnam.

Who Knew? Dept.

Turns out “disparate impact” is “the Left’s Latest Strategy to Subvert Voters Rights.”  (courtesy of John Fund and True the Vote) … Continue reading ?

Why has productivity dispersion across firms gone up?

Yesterday Alex outlined the facts, which I take to be not in dispute.  Firms at the frontier have seen significant productivity gains, the others not so much.  Alex calls this a “lack of innovation diffusion” and considers whether IP law might be one cause. My framing is somewhat different.  The result reminds me of the […]

Which Republican presidential candidate will drop out next? Maybe these two.

Over the past month, the crowded Republican presidential primary field saw its first two casualties: former Texas governor Rick Perry and Wisconsin Gov. Scott Walker. These early exits surprised some. Walker was as an early front-runner in the polls owing to his conservative record and ability to win statewide office in a traditionally blue state. […]

The wedding culture that is Argentina markets in everything metaphors of decline

With fewer and fewer young Argentinians getting married for real, groups of friends in their 20s and 30s are instead paying around $50 (£32) each to attend staged events. “It all started two years ago with a group of friends: we realized we hadn’t been to a wedding in a long time because hardly anybody […]

Breaking News: Automatic Voter Registration Coming to CA

So tweets LAT’s Melanie Mason that Gov Brown has signed the bill automatically registering eligible CA voters from DMV offices (unless voters object). (More details on the new law.) More on this later. This is a huge deal. … Continue reading ?

Nick Confessore’s Deep Dive into America’s Plutocracy

Drop everything and read this (online, because the graphics are fantastic): Just 158 families have provided nearly half of the early money for efforts to capture the White House…. They are overwhelmingly white, rich, older and male, in a nation that is being … Continue reading ?

Lawrence Dennis on what is wrong with economics

The trouble with most of our social thinking is that, being done in terms of eighteenth century rationalism, it takes dynamism for granted and assumes that the chief social problems are those of knowing what you want and how to get it.  The chief social problem is that of generating and unifying the social will […]

The future is here, just not evenly distributed

Chiara Criscuolo at HBR discusses a new research report from the productivity group at the OECD. Our research shows that the slow productivity growth of the “average” firm masks the fact that a small cadre of firms are experiencing robust gains. OECD analysis shows that the productivity of the most productive firms – those on the […]

Who will win the economics Nobel Prize this year?

Diane Coyle mentions some possible picks: Environmental economics: Partha Dasgupta, William Nordhaus Update: Twitter folks strongly recommend adding Martin Weitzman in this category. Growth: Paul Romer, Robert Barro Inequality: Anthony...Show More Summary

Landmarks, by Robert Macfarlane

I enjoyed many passages in this book, here was my favorite: As well as these untranslatable terms, I have gathered synonyms — especially those that bring new energies to familiar phenomena.  The variant English terms for ‘icicle’ — aquabob (Kent), clinkerbell and daggler (Wessex), cancervell (Exmoor), ickle (Yorkshire), tankle (Durham), shuckle (Cambria) — form a […]

Which are the best hawker centres in Singapore right now?

Inquiring minds wish to know for the purposes of the next few days…I have my own views, but first would love to hear yours.

“Menendez appeals judge’s ruling in corruption case”

Jonathan Salant for Lawyers for U.S. Sen. Robert Menendez on Friday asked an appeals court to throw out an indictment charging him with intervening with federal agencies in exchange for gifts and campaign contributions. Menendez’s lawyers appealed to the Third Circuit U.S. … Continue reading ?

“Racially Polarized Voting”

Chris Elmendorf, Kevin Quinn and Marisa Abrajano have posted this draft on SSRN (forthcoming, University of Chicago Law Review).  Here is the abstract: Whether voting is racially polarized has for the last generation been the linchpin question in vote dilution cases … Continue reading ?

“Judge rejects House, Senate redistricting maps, recommends challengers’ plan”

Miami Herald: Circuit Court Judge Terry Lewis on Friday rejected the Florida Legislature’s third attempt at redrawing its congressional districts and recommended a map proposed by the challengers — including a redrawn configuration of two Miami-Dade County districts — to … Continue reading ?

“Everything you need to know about the 2016 money race so far”

Matea Gold for WaPo. The initial batch of fundraising reports point to a continuation of the trend that emerged in the spring quarter, when the Democratic candidates raised more money directly for their campaigns, while nearly 80 percent of the … Continue reading ?

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