Blog Profile / Marginal Revolution

Filed Under:Academics / Political Science
Posts on Regator:6969
Posts / Week:36.4
Archived Since:July 6, 2011

Blog Post Archive

The wisdom that is Japanese

Funerals are being held for ROBOTIC dogs in Japan because owners believe they have souls… It is a funeral like any other in Japan. Except that those being honoured are robot dogs, lined up on the altar, each wearing a tag to show where they came from and which family they belonged to. The devices […]

Knausgaard does America, the new Tocqueville but for the NYTimes

I was supposed to write about America for an American newspaper, and the last thing I wanted was to seem like an introverted European complaining about how awful everything was here. Here is another bit: Cleveland meant nothing to me. There is more here, via Michael Rosenwald.

Assorted links

1. Measuring the quality of NBA defenders.  And digitalizing NFL players.  Both are interesting pieces.  And don’t ridicule Manny Pacquiao. 2. An interview with a guy. 3. Vermont, Gruber. 4. Paul Krugman on superstars and the economics of music.  I think of the era of the music superstar as having peaked in the 1980s or […]

China pigeon markets in everything

This is also not new news, but it is new to me: In May 2013, Chinese businessman Gao Fuxin set a new record, paying 310,000 euros ($351,000) in an online auction for a pigeon named Bolt, after Jamaican sprinter Usain Bolt. It seems also that the pigeons, before a race, are given performance-enhancing drugs.  But: […]

Totally conventional views which I hold

Most days on MR we try to bring you something new, whether it be a report or an opinion of ours.  Even if it is not truly new, perhaps it is at least new relative to the discourse on most other web sites.  We are reluctant to recycle old posts, even though I am still […]

Arrived in my pile

Melissa Lane, The Birth of Politics: Eight Greek and Roman Political Ideas and Why They Matter. Melanie Swan, Blockchain: Blueprint for a New Economy.  This appears to be a very clear and useful treatment of the idea of a blockchain, including Ethereum and even futarchy. Oxford Companion to the Economics of China, edited by Shenggen […]

The economics of antibiotics

Ezekiel J. Emanuel writes: The big problem is profitability. Unlike drugs for cholesterol or high blood pressure, or insulin for diabetes, which are taken every day for life, antibiotics tend to be given for a short time, a week or at most a few months. So profits have to be made on brief usage. Furthermore, […]

Assorted links

1. State governments are pre-empting local government interventions. 2. There is no great snowplow stagnation! 3. Did intervention in Libya just make everything worse? 4. The Great Reset, in a single picture. 5. Critics of Greek austerity are basically asking for a free lunch.  You never hear them compare more aid to Greece to more […]

Default Rates on Student Debt Increase with Lower Balances

Here’s a stunning graph from the New York Fed’s Liberty Street Blog: What it shows is that default rates on student debt decrease with higher balances or, to put it the other way, the students with the highest default rates are the ones with the least debt. I wouldn’t have predicted that but here are […]

Does war drive progressive income taxation?

Here is evidence for the Roberts Higgs thesis and, if I recall correctly, some recent remarks by Thomas Piketty on revolution and tax progressivity (does anyone know the link?).  Juliana Londoño Vélez writes: Abstract    I argue that progressive income taxation in the twentieth century is a product of the exigency of war and not of democracy. […]

Goolsbee and Krueger on the auto bailout

I have not read their new paper, but here it is (pdf), along with the abstract: This paper takes a retrospective look at the U.S. government’s effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies […]

Sentences to boggle the mind

Also, unlike Silicon Valley, the Stasi was regulated. That is from Bryan Appleyard.

The self-assembling chair

There are few tasks more infuriating than assembling a piece of furniture. But a new project at MIT may eventually eliminate that pesky life chore entirely. As Wired’s Liz Stinson reports, the loopy geniuses over at the Massachusetts Institute of Technology’s Self-Assembly Lab recently debuted a chair designed to put itself together, without the need […]

Assorted links

1. Modeling economic civil war and protection in Somalia, and why Islam has an advantage. 2. Witches of Chiloé.  And the price of condoms in Venezuela.  Real world development indicators. 3. Greek debt/eurozone rap video, best is Merkel. 4. Why it is better to read on paper.  And there is no great beehive stagnation. 5. […]

The new and increasingly female path to the middle class

Right now the compass seems to be pointing in the direction of health care.  That probably won’t change anytime soon: In 1980, 1.4 million jobs in health care paid a middle class wage: $40,000 to $80,000 a year in today’s money. Now, the figure is 4.5 million. The pay of registered nurses — now the […]

From the comments: how to restructure basketball (and other sports?)

Kevin Erdmann writes: I think basketball would be vastly improved if after the 3rd quarter, we just added 20 points to the higher score, and said, first team to that score wins. Or, for that matter, make it score based instead of time based. It’s halftime when one team gets to 30, and the game […]

Hayek on Mill and the Mill-Taylor Friendship

That is the newly published volume 16 of The Collected Works of F.A. Hayek, edited by Sandra J. Peart.  Of course this is splendid from beginning to end, including Peart’s introduction, the letters, Hayek’s commentary, and assorted documents, and the book even contains three very nice poems written by Harriet Taylor. Is Hayek here blaming […]

Robot sentences to ponder

Ironically, given all the concerns about robots destroying jobs, Mr Tsuda said one of the main constraints on the market’s growth was a shortage of human engineers. “To use robots — not just to make them — you need quite a level of engineering,” he said. “If anything, for us and the market as a […]

Assorted links

1. Unusual “review” of 50 Shades of Grey. 2. Markets in everything: the hippopotamus sofa. 3. The Greek artist who hacks the euro.  And here are fictional banknotes for the Hungarian euro. 4.”Do Not Cite or Circulate.” 5. Eric Voegelin: “Don’t immanentize the eschaton!” 6. What should Greece do now?  And Paul Krugman thinks the […]

Algorithm Aversion

People don’t like deferring to what I earlier called an opaque intelligence. In a paper titled Algorithm Aversion the authors write: Research shows that evidence-based algorithms more accurately predict the future than do human forecasters. Show More Summary

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