1. Five Karl Polanyi lectures from 1940. 2. The plans to guarantee everyone a job. 3. Arnold Kling on mark-ups. 4. The evolution of women’s stock photos (NYT). 5. Catalonia’s insurrection day (a quick read will offer numerous reasons to be skeptical of this initiative). Show More Summary
Over at [Equitable Growth](http://EquitableGrowth.org): Must- and Should-Reads: Arnold Kling vs. Brad DeLong on the New Deal: Hoisted from 2007 | Equitable Growth Equitable Growth: Equitable Growth’s Jobs Day Graphs: June 2017 Report Edition: "The prime-age employment rate rose by 0.1 percentage points to 78.5 percent in June. Show More Summary
Hoisted from 2007: Arnold Kling vs. Brad DeLong on the New Deal : UPDATE: Bruce Bartlett writes: >I just read your WSJ piece and you make one mistake. If Hoover had been re-elected in 1932, Ogden Mills would have been Treasury secretary, not Andrew Mellon. Show More Summary
(June 5, 2017 12:40 PM, by Scott Sumner) Last July, Arnold Kling made the following observations: Tyler Cowen on Brexit, Steven Pinker, and Joseph McCarthy Posted on July 22, 2016 by Arnold Kling And also other topics. The link goes to a Twitter post with a video. Judge... (1 COMMENTS)
by New Deal democrat A thought for Sunday: the Left is winning the battle of ideas. The right’s own man says so Prof. Arnold Kling, a conservative neoclassical economist who has taught at George Mason University and been affiliated with the Cato Institute, has a post up this morning in which he reflects upon whether […]
Arnold Kling writes: One way to improve government operations would be through re-organization. I once wrote, “the total number of executive entities is 157. I cannot think of any corporation in which the CEO has so many direct reports. Show More Summary
The point is that a country like Italy or Greece is not trapped by being in the euro. It could increase its competitiveness by raising value-added taxes on consumption and cutting payroll taxes. That is from Arnold Kling, channeling Gita Gopinath. The interview with her at the link is worth reading. The post Euro sentences to ponder appeared first on Marginal REVOLUTION.
Suppose that we accept as true the finding by Richard Freeman that the highest wages are paid at the most profitable firms. If there is a monopsony story there, I do not see how to tell it. A monopsonist would exploit its workers by paying low wages, so I would expect that if monopsony were […] The post Arnold Kling on monopsony appeared first on Marginal REVOLUTION.
The Democrats alienated roughly 14 percent of their 2008 voting base. That is from David French, via Arnold Kling. David also states: It turns out that the GOP is more functional and united than the Democrats. Arnold makes some interesting...Show More Summary
(November 10, 2016 01:26 PM, by David Henderson) Former co-blogger Arnold Kling writes: I am not going to be bullied into supporting policies that I believe are bad just because they are popular. If you want to talk me out of my position against a policy, tell me... (0 COMMENTS)
Our economy is highly specialized, with trade enabling us to consumer many products that we do not make. Business leaders should understand the extreme specialization of the modern economy, a point made by Arnold Kling in his new book, Specialization and Trade: A Re-Introduction to Economics, which I reviewed recently. Show More Summary
1. Arnold Kling on Cass Sunstein and books to change people’s minds. 2. “Methodological terrorism“? With a significant cameo by Andrew Gelman. 3. Dan Wang on Melancholy. 4. “A 2015 analysis published in The BMJ found 727 potential references...Show More Summary
Specialization and trade are the key to economic prosperity argues Arnold Kling in an important new book, Specialization and Trade: A Re-Introduction to Economics. Kling has important insights about the overall economy, about business operations in a specialized economy, and about public policy. The importance of specialization was well known to [...]
“If you want lifetime employment, go into compliance.” [Daniel Yergin, WSJ via Arnold Kling] A Supreme Court with new Clinton nominees likely to spell bad news for business in arbitration, class actions, employment/labor, environmental...Show More Summary
(August 15, 2016 05:54 PM, by Scott Sumner) Here is Arnold Kling: John Cochrane writes, Economics is a work in progress. But it is certainly brand-new, made-up-on-the spot economics, designed to buttress policies decided on for other reasons. He is describing the economic analysis that claims that policies... (3 COMMENTS)
1. Might Canada eliminate barriers to cross-provincial trade? 2. Dani Rodrik on Gulenists and the coup. 3. Daniel Drezner on the decay of democracy. 4. Arnold Kling on the great regulation. 5. Superb Rod Dreher and J.D. Vance exchange on the “Tribune of Poor White People.” The post Sunday assorted links appeared first on Marginal REVOLUTION.
1. Ethereum’s hard bailout (and they said this could never happen). 2. What if we designed humans to be safe from car crashes? 3. A Turkey analysis suggesting it was not mainly a Gulen-connected event. 4. Arnold Kling comments on my talk at the Hudson Institute. Show More Summary
Arnold Kling —the economist, teacher, blogger, and polymath—has a way of cutting through layers of conventional assumptions and laying bare complex realities. He is so adept at doing that, it seems to me, because he doesn’t expect to...Show More Summary
That is the new Arnold Kling book, I very much liked the earlier draft I read. Think of it as Fischer Black macro for 2016. Here is Arnold: The main point of the book is that you need to keep in mind the overwhelming complexity of specialization in a modern economy. Show More Summary
ARNOLD KLING ON THE ERA OF EXPERT FAILURE: I have faith in experts. Every time I go to the store, I am showing faith in the experts who design, manufacture, and ship products. Every time I use the services of an accountant, an attorney, or a dentist, I am showing faith in their expertise. Every […]