Via Tyler Cowen, Francis Fukuyama diagnoses three things that are driving the decay and sclerosis of the American political system: The first is that, relative to other liberal democracies, the judiciary and the legislature (including...Show More Summary
Tyler Cowen directed me to a Daily Mail article on Shenzhen’s snazzy new airport (I did a post a few weeks ago.) Here’s the intro: It’s been hailed as an architectural masterstroke and symbol of China’s explosion onto the world stage of global travel. But Shenzhen International Airport’s brand-new terminal has a problem: nobody seems [...]
Tyler Cowen, a professor of economics at George Mason University, says old regulations are holding back much-needed job growth and innovation. On Thursday, Oct. 31, 2013, the Federal Aviation Administration announced that airplane passengers...Show More Summary
In modern finance, you can hedge against anything. But the market for hedging against alien invasions is pretty thin. Marginal Revolution's Tyler Cowen pointed us to an interesting proposal addressing the matter. In an article for the...Show More Summary
Busy with the conference, so I'll toss this out to you: any comments on this post from Tyler Cowen?: What are some of the biggest problems with a guaranteed annual income?: Maybe this isn’t the biggest problem, but it’s been...
Via Tyler Cowen, here's a chart of starting salaries for attorneys from Peter Turchin. It shows what's now a fairly familiar bimodal distribution: there's a relatively normal spread of salaries on the left centered at $50K and declining close to zero at $100K. Show More Summary
I meant to cover this paper when Tyler Cowen and Kevin Drum discussed this, but, now that the NY Times has raised the topic, I can be topically again (it just goes to show that the internet repeats itself). Anyway, … Continue readin...
Promoting his new book Average Is Over Tyler Cowen sees a future where only the people who can enhance the value of computers will make much money. So I think since 1973 we?ve had a fair amount of productivity gains of the kind lowering costs, but we?ve done much less to make American workers more productive. Show More Summary
Solazyme Inc. (SZYM) Q3 2013 Earnings Conference Call November 5, 2013 04:30 PM ET Executives Jonathan Wolfson - CEO Tyler Painter - CFO Analysts Brian Lee - Goldman Sachs Robert Stone - Cowen and Company Pavel Molchanov - Raymond James...Show More Summary
Every once and a while I do posts on the utter absurdity of almost all data used for analysis of income inequality. Tyler Cowen links to a perfect example from Kevin Drum: Via Harrison Jacobs, here’s a recent study showing the trend in income segregation in American neighborhoods. Forty years ago, 65 percent of us lived in middle-income [...]
(October 29, 2013 12:01 AM, by Bryan Caplan) After reading a draft of Selfish Reasons to Have More Kids, Tyler Cowen bemusedly told me, "You have more enthusiasm for your own arguments than you do for the children themselves." A slight exaggeration, but I take it as a... (0 COMMENTS)
Over at Marginal Revolution, Tyler Cowen posts a comment from one of his readers that paints a very clear picture of the problems with the Healthcare.gov website, but also raises serious questions about whether this mess is fixable.Show More Summary
In last week's TIME cover story, the prolific Tyler Cowen argues that "Texas Is Our Future": So why are more Americans moving to Texas than to any other state? Texas is America's fastest-growing large state, with three of the top five fastest-growing cities in the country: Austin, Dallas and Houston. Show More Summary
Here I am interviewed in Tank magazine about my article “An Economic Theory of Avant-Garde and Popular Art, or High and Low Culture,” co-authored with Alex. Excerpt: EM: Your essay contains one of the most interesting footnotes I’ve ever read: “The interactions between the quantity and subjective quality of art are similar to the interactions analysed […]
They’re often not worth the wait, according to Tyler Cowen, author of An Economist Gets Lunch: Let’s say a restaurant allows a line to form outside the door. Why don’t they just raise their prices? Well, for one thing the line, and the accompanying difficulty of getting a reservation, is a way of marketing the restaurant […]
In my Wednesday column, I described a vision of our future as imagined by economist Tyler Cowen : More rich people, more poor people and a smaller middle class; constant measurement of workers to help employers eliminate slackers; and...Show More Summary
Recently, Boston University scholar James Bessen reviewed Tyler Cowen's new book, "Average Is Over," for the Switch. Cowen argues that the rise of ever more sophisticated software will destroy middle-class jobs, leaving us with a world of widening inequality. Bessen argues, to … Continue reading ?
Tyler Cowen links to an interesting study by Andrew Rose, which found little difference in the macroeconomic outcomes of fixed and floating exchange rate regimes, during the recent crisis. This surprised me a little, until I found out that the study excluded the eurozone. Then it didn’t surprise me at all. On the other hand [...]
Economist Tyler Cowen offers "further principles for finding good food" that weren't in his book An Economist Gets Lunch: "Lines are overrated... Furthermore totally empty restaurants are (often, not always) underrated... Very often empty restaurants come from cultures where consumption...