Blog Profile / Marginal Revolution

Filed Under:Academics / Political Science
Posts on Regator:8255
Posts / Week:36
Archived Since:July 6, 2011

Blog Post Archive

Can this be true?

Between 1989 and 2010, U.S. attorneys seized an estimated $12.6 billion in asset forfeiture cases. The growth rate during that time averaged +19.4% annually. In 2010 alone, the value of assets seized grew by +52.8% from 2009 and was six times greater than the total for 1989. Then by 2014, that number had ballooned to roughly $4.5 […]

My conversation with Cliff Asness

Here is the full transcript, video, and podcast of the chat.  Cliff was great from beginning to end.  The first thirty minutes or so were an overview of “momentum” and “value” trading strategies, and to what extent they violate an efficient markets hypothesis.  Much of the rest covered: …disagreeing with Eugene Fama, Marvel vs. DC, […]

Thursday assorted links

1. Glenn Loury on the recent troubles at Brown.  And should Princeton still use the Woodrow Wilson name? 2. Henry Rowen, economist and former head of Rand, has passed away. 3. A deaf couple discuss their marriage. 4. There is no great ketchup stagnation. 5. Intergenerational mobility in the Great Depression (pdf). 6. John Cassidy […]

The global reach of the Fed, and why it is time to discard Mundell-Fleming

Miranda-Agrippino and Rey have an important new paper out on global transmission of money shocks.  I find the abstract poorly presented, but here are the key sentences from the body of the paper: …US monetary policy has a significant effect on the leverage of US and European investors (particularly continental European and UK banks who […]

Herb Scarf has passed away

There is one account here, another here. For the pointer I thank John Chilton.

Identifying barriers to Muslim integration in France

From an email from the Harvard Kennedy School: “Identifying Barriers to Muslim Integration in France” Adida, Claire L.; Laitin, David D.; Valfort, Marie-Anne. Proceedings of National Academy of Sciences (PNAS), 2010, Vol. 107, No. 52, doi: 10.1073/pnas.1015550107. Show More Summary

Tuesday assorted links

1. How is development economics taught in developing nations? 2. Robin Hanson reviews Garett Jones.  And cities as harems? 3. Lego’s anti-Lego slippers (markets in everything there is no great stagnation). 4. Walter Frick: are successful CEOs just lucky? 5. New Yorker profile of Nick Bostrom.  And Cass Sunstein to write Star Wars book. 6. […]

Whistleblowers for Innovation

We reward whistle blowers who help to prosecute people who are defrauding the government by giving them a share of the proceeds. Bradley Birkenfeld, for example, provided evidence to the US government that the Swiss bank UBS was illegally enabling US tax evaders. The case led to a $780 million dollar fine against UBS and Birkenfeld […]

Worthwhile Canadian Initiative (really)

Canada recently became the first country in the world to legislate a cap on regulation. The Red Tape Reduction Act, which became law on April 23, 2015, requires the federal government to eliminate at least one regulation for every new one introduced. Remarkably, the legislation received near-unanimous support across the political spectrum: 245 votes in […]

Can we determine how honesty varies across countries?

The paper is by David Hugh-Jones, and this is from the research summary: The study examined whether people from different countries were more or less honest and how this related to a country’s economic development. More than 1500 participants from 15 countries took part in an online survey involving two incentivised experiments, designed to measure […]

Hard to do large clinical trials

That is the title of an Arnold Kling blog post, it runs like this (I am not adding an extra layer of indentation): “With this: Speaking this week at the EmTech conference in Cambridge, Massachusetts, Editas CEO Katrine Bosley said the company hopes to start a clinical trial in 2017 to treat a rare form […]

Questions that are rarely asked

Suppose we were back in the 1990s, and unemployment was 5.0%.  But now suppose the economy was growing slowly due to slow growth in the working age population and slow growth in productivity.  A “Pop Keynesian” says that we can solve this problem with fiscal stimulus.  What do the smart 1990s Keynesians say in reply? […]

Syria fact (estimate) of the day

U.S. counterterrorism officials reported in February that more than 20,000 foreign fighters have joined the fray in Syria to fight with the rebels, with most going to help the Islamic State. Of these, 150 or so are from the United States and over 3,000 are from the West. According to British scholar Peter Neumann, the […]

Bad news on the private return to college

Sang Yoon Lee, Yongseok Shin, and Donghoon Lee have a new NBER paper: Going to college is a risky investment in human capital. However, we highlight two options inherently embedded in college education that mitigate this risk: (i) college students can quit without completing four-year degrees after learning about their post-graduation wages and (ii) college […]

Monday assorted links

1. English departments are better than you think. 2. Angus Deaton on stuff, including what TV he watches (good taste). 3. More Alesina, on fiscal adjustments. 4. The Iranian film “About Elly” is one of the best movies to come out this year.  It is by the director of “A Separation,” and it will take […]

Virginia Woolf on Shakespeare

From the Diaries, April 13th, 1930: I read Shakespeare directly I have finished writing.  When my mind is agape and red-hot.  Then it is astonishing.  I never yet knew how amazing his stretch and speed and word coining power is, until I felt it utterly outpace and outrace my own, seeming to start equal and […]

Childhood privacy sentences to ponder

London Scout poses for her mother, Sai De Silva, in Dumbo for her Instagram account.  The 4-year-old has more than 100,000 followers. That is the photo caption to this NYT story.  And just so you are not confused, “London Scout” is a name, and “Dumbo” is a part of New York City.

Sunday assorted links

1. Ultrasonic tracking of…you. 2. Modeling the ISIS attack. 3. Robert Craft has passed away (NYT). 4. On France, social media mistakes. 5. How uncertain is the natural rate of interest?

How smart are CEOs anyway?

Here is a new paper by Wai and Rindermann.  It seems to be saying that CEOs are quite smart, but perhaps not as smart as…journalists.  Hm..perhaps this may get some media pick-up, here is the abstract: The path to becoming a CEO (and performance on the job) can be viewed as a difficult cognitive challenge. […]

Further evidence — from deductibles — that the mandate isn’t helping most people

Robert Pears of the NYT writes: Obama administration officials, urging people to sign up for health insurance under the Affordable Care Act, have trumpeted the low premiums available on the law’s new marketplaces. But for many consumers, the sticker shock is coming not on the front end, when they purchase the plans, but on the […]

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