Blog Profile / Marginal Revolution

Filed Under:Academics / Political Science
Posts on Regator:10402
Posts / Week:35.4
Archived Since:July 6, 2011

Blog Post Archive

Franco Modigliani and the history of Italian fascism

What is often missed—and, frankly, it would seem deliberately misrepresented in his own autobiographical works—is that in Italy, Modigliani, by age 20, was a well published fascist wunderkind, having received in 1936 an award for economics writing from the hand of Benito Mussolini himself. Show More Summary

Friday assorted links

1. Will the Trump administration privatize space? 2. “One method mentioned in the report, simply banning the sale of alcohol in bars after 11 p.m., helped a Brazilian city reduce its homicide rate by 45 percent.” 3. Many libraries are...Show More Summary

Xavier Gabaix on a strong vs. weak dollar

He emails to me: Hi Tyler, Alex Tyler asks Is a strong dollar better than a weak dollar? and says “Yes, for Americans though not for the world as a whole.  For the relevant thought experiment, assume an exogenous shift in noise trading...Show More Summary

Elizabeth Warren on vouchers

A taxpayer-funded voucher that paid the entire cost of educating a child (not just a partial subsidy) would open a range of opportunities to all children.. . . Fully funded vouchers would relieve parents from the terrible choice of leaving their kids in lousy schools or bankrupting themselves to escape those schools. Show More Summary

What I’ve been reading about fascism

1. Lucy Hughes-Hallett, The Pike: Gabriele d’Annunzio Poet, Seducer and Preacher of War.  A vivid and entertaining look at a major European fascist who remains neglected by Americans (I don’t even think this book has a U.S. edition). ...Show More Summary

CEA Chairman no longer part of the president’s cabinet

The White House Council of Economic Advisers is being demoted by the Trump administration, which said in a statement Wednesday that the president’s cabinet won’t include the chairman of the CEA, an official that President Donald Trump also has yet to name. Show More Summary

In lieu of a CEA?

Vice President Mike Pence has hired Mark Calabria as his chief economist, according to several people familiar with the move. Calabria was director of financial regulation studies at the Cato Institute, where he was a prominent voice on financial services and economic policy and an expert on mortgage and housing reform. Show More Summary

Thursday assorted links

1. Does adjusting for household production make the great stagnation worse yet? 2. Can an Indian billionaire sell cricket to the United States?  (No, says I) 3. MIE: Domino’s pizza now offers a wedding registry service, to ease the ordering of pizza. Show More Summary

Extra innings start with a runner on second base

Here is a description of the proposed rule change.  Felix Salmon asked: I know nothing about baseball, but wouldn’t this give even more of an advantage to the team batting first? I would expect the opposite (NB: I am not suggesting a...Show More Summary

What do we know about the judicial contempt power?

Nicholas R. Parrillo of Yale Law School has a new paper on this topic.  I have not yet read it, but here is the abstract: Scholars of administrative law focus overwhelmingly on lawsuits to review federal government action while assuming that, if plaintiffs win such lawsuits, the government will do what the court says. Show More Summary

Why magic is overrated

A few days ago you all were speculating about which fictional objects you might wish to own.  I was struck by how the more extravagant answers seemed to fail, and partly because of what my early teacher Ludwig Lachmann called “the complementarity...Show More Summary

In praise of Chelsea Clinton and Devi Sridhar

They have a new book out, namely Governing Global Health: Who Runs the World and Why?  It is to the point, clear, uses economic reasoning very well, and serves up the information you actually want to learn.  It is a look at some major...Show More Summary

Wednesday assorted links

1. Scott Sumner on Greece. 2. Excellent Ross Douthat on Betsey DeVos. 3. A behavioral look at the new proposed tax reform. 4. “But this time, I and my disability rights colleagues found myself in an unusual position: siding with the Republicans and, yes, the National Rifle Association.” 5. Show More Summary

Is a strong dollar better than a weak dollar?

Yes, for Americans though not for the world as a whole.  For the relevant thought experiment, assume an exogenous shift in noise trading boosts the value of the dollar.  That increases the wealth of individuals and institutions thatShow More Summary

India Fact of the Day

In India it is illegal for the police to arrest a woman after dark. The law apparently stems from a case decades ago when a woman was arrested at night and raped by the police. The law doesn’t seem like the second-best way to prevent...Show More Summary

Daily Mail Germany fact of the day but did they step on the grass?

The vast majority of left-wing protesters arrested on suspicion of politically-fuelled offences in Berlin are young men who live with their parents, a new report found. The figures, which were published in daily newspaper Bild revealed that 873 suspects were investigated by authorities between 2003 and 2013. Show More Summary

John Gray on Abigail Tucker’s cat book

One of the most attractive features of cats is that contentment is their default state. Unlike human beings – particularly of the modern variety – they do not spend their days in laborious pursuit of a fantasy of happiness. They areShow More Summary

A theory of how ordinary people can become trolls

In online communities, antisocial behavior such as trolling disrupts constructive discussion. While prior work suggests that trolling behavior is confined to a vocal and antisocial minority, we demonstrate that ordinary people can engage in such behavior as well. Show More Summary

Tuesday assorted links

1. Can the Russians take down slot machines? 2. Good piece on Anthony Bourdain. 3. The media story on Trump’s NSC restructuring was basically wrong. 4. The revival of interest in American history. 5. Toronto’s live music crisis the Canadian complacent class. 6. Maybe the Johnson Act is a bad idea? The post Tuesday assorted links appeared first on Marginal REVOLUTION.

What is the most underrated economy in the world right now?

That is the topic of my latest Bloomberg column, the proposed answer is Pakistan, here is the closing conclusion: When I started pondering this “underrated” question about 15 years ago, it was mainly about guessing hidden strengths of various economies, based on esoteric knowledge of sectors and regions and histories. Show More Summary

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