Tyler Cowen: The behavior of Volkswagen has been heinous and the company and probably some of its executives deserve some serious punishments. Yet our reaction to the scandal is as illuminating as the misbehavior itself. We get much more upset when people do wrong out of deliberate fraudulent intent rather...
Tyler Cowen at Marginal Revolution has sympathetically linked to an article in the latest issue of Econ Journal Watch by Veronique de Rugy, Ryan Daza, and Daniel B. Klein that argues that libertarian/conservative bloggers have been frequently...Show More Summary
The scariest part of the automated workplace is probably not that robots are coming to take your job -- it's that the robots are coming to measure your job. Economist Tyler Cowen explains in the recently released 2015 edition of MITShow More Summary
Tyler Cowen has a new post that discusses possible reasons why deflation has returned to Japan. Unfortunately the post is based on a misconception—deflation has not returned to Japan. Here are some facts: Latest Japanese inflation — August 2015: 0.2% year over year inflation Latest US inflation — August 2015: 0.2% year over year inflation. […]
IN THE MAIL: From Tyler Cowen, Average Is Over: Powering America Beyond the Age of the Great Stagnation. Plus, today only at Amazon: “Sex and the City: The Complete Series” on DVD, $49.99 (71% off). And, also today only: Deal of the Day: $5 Magazines. Plus: WD My Cloud WDBCTL0030HWT 3TB Personal Cloud Storage, $109.99 […]
I am doing one of the “Conversations with Tyler” events on September 24th, and in preparation for that, Tyler Cowen asked his blog readers to submit possible questions. As of this writing, there was a terrific list of challenging questions...
(September 13, 2015 11:00 AM, by Scott Sumner) Tyler Cowen says yes: One reason the Chilean reforms went well was that the state had nationalized the copper mines. That provided a steady flow of money, thus minimizing the need for revenue-raising distorting policies elsewhere. More generally the revenues... (0 COMMENTS)
Here’s Tyler Cowen: Does China hitting the wall reflect a deeper reality about emerging economy growth? It’s easy enough to say the Chinese economy is slowing down and that is creating problems for some other countries around the world. Never settle for such a comfortable understanding! Might there be deeper ways to think about the […]
Tyler Cowen has a new post citing some scary data from China, on declining exports. In this highly recommended video, China expert Julian Evans-Pritchard isn’t at all frightened by the data. Evans-Pritchard (who obviously knows 10 times more about China than I’ll ever know), seems a bit more optimistic about China’s near term growth than […]
Tyler Cowen: In academia, no, but in the real world perhaps: Electricity generated by US wind farms fell 6 per cent in the first half of the year even as the nation expanded wind generation capacity by 9 per cent, Energy Information Administration records show. The reason was some of...
(September 3, 2015 09:12 AM, by Scott Sumner) Answers: Maybe, and no. Tyler Cowen linked to a recent paper by Jonathan L. Willis and Guangye Cao, out of the Federal Reserve of Kansas City. Here's the opening paragraph: Over the past three decades, the U.S. economy seems to... (0 COMMENTS)
(September 1, 2015 05:49 PM, by David Henderson) Over at Marginal Revolution, Tyler Cowen has asked people to propose questions for him to ask Luigi Zingales next week. I'm a big fan of Zingales's book A Capitalism for the People: Recapturing the Lost Genius of American Prosperity. I... (0 COMMENTS)
(August 31, 2015 06:31 PM, by Scott Sumner) Tyler Cowen has a new blog post that has 13 observations on the Fed's upcoming policy decisions. Most are reasonable, especially the first comment. But I strongly disagree with point 6: 6. Now the risks look fairly symmetric. The first... (0 COMMENTS)
Tyler Cowen recently linked to this story in The Guardian, and wondered whether it was an indication of a Chinese recession: China’s Workers Abandon the City as Beijing Faces an Economic Storm Labour disputes are rising and some workers are leaving for the country amid fears a crashing economy could cause political and social unrest […]
Tyler Cowen doesn’t think you should test drive cars: Furthermore you might expect that every plausible new car can in fact survive a test drive from a potential customer. Let others test drive it for you. And let’s say you didn’t so much like the test drive. Show More Summary
Book review: Tyler Cowen thinks that both parts of Geoffrey Colvin’s Humans are Underrated What High Achievers Know That Brilliant Machines Never...
There are lots of Great Stagnations, all over the world. I recently did a post on the situation in the US, and Tyler Cowen did one yesterday about Europe. But compared to Japan, the US and Europe are enjoying Chinese style growth. The modern world has never before seen a great stagnation quite like Japan. […]
I recently listened to a very good interview of Tyler Cowen by Erik Torenberg. For me, it was 80 minutes of bliss. I tend to agree with the vast majority of his views (even one’s where I had no opinion until I heard his reasoning), with one notable exception—China. Tyler seemed very pessimistic about China’s […]
Reihan Salam, via Tyler Cowen, says that if you want to improve air travel you should focus on reducing congestion, not building palatial airports. That's mostly right. Continue reading Stop Building Great Airports and Build a Great Travel Experience!...
Tyler Cowen has a post on the labor market, and also links to a response by Adam Ozimek. I mostly agree with Adam, but would like to make the points in a slightly different way. Here’s how Tyler starts out: One striking feature of the Thursday labor market report was the mix of declining unemployment […]