Trend Results : Tyler Cowen

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Is Two the new Zero? Why Divine Coincidence failed

Speculative, as Tyler Cowen would say. When people play the Dictator Game they don't play the way economists would predict. The Nash Equilibrium is for the first player to propose a 99:1 division of the pie take-it-or-leave-it offer, and the...

Best fiction of 2015

6 days agoHumor / odd :

The person I listen to the most regarding books I should be reading is Tyler Cowen...he has never once steered me wrong. So when he wrote about the best fiction of 2015, I perked up. I've been hearing many good things about Elena Ferrante's...Show More Summary

Highlights from the Asness Interview

(November 20, 2015 06:58 PM, by David Henderson) Tyler Cowen has posted the video and transcript of his interview with famous investor Cliff Asness. Here are some highlights from the transcript, with my occasional comments. On future returns: Asness: So you invest half your money in stocks, half... (1 COMMENTS)

It’s complicated

Macro is endlessly complicated, as I was reminded while reading Tyler Cowen’s recent post on his view of macroeconomics.  One could write an entire book evaluating Tyler’s claims, but I’ll limit myself for now to this observation: 5b. Monetary stimulus to be effective needs to be applied very early in the job destruction process of […]

Why Tyler Cowen Doesn’t Understand the Economy: It’s the Debt, Stupid

In a recent post Tyler Cowen makes an admirable effort to lay out his overarching approach to thinking about macroeconomics, revealing the assumptions underlying his understanding of how economies work. (Even more salutary, this has prompted others to do likewise: Nick Rowe, Ryan Avent.) Cowen’s first assertion: In world history, 99% of all business cycles are real […]

True religion

2 weeks agoHumor / odd :

Tyler Cowen on Republican presidential candidate Ben Carson and our selective preference for some religious beliefs over others. Loyal MR readers will know that I am myself a non-believer. But what I find strangest of all is not BenShow More Summary


Scott Lemieux: ["Shorter Tyler Cowen: if you set aside the most egalitarian parts of the ACA, it is less egalitarian than you probably think."]( Robert Farley: [Misfire:...Show More Summary

Do Kids Start Kindergarten Too Early?

Tyler Cowen points us today to an interesting new study about kindergarten. It's from Denmark, as is so often the case, since the Danes keep very detailed records on their children. In Denmark, it turns out, kids enter kindergarten in August of the year they turn six. Show More Summary

Yadda-Yaddaying Medicaid

Shorter Tyler Cowen: if you set aside the most egalitarian parts of the ACA, it is less egalitarian than you probably think. In fairness, when he finally gets around to discussing the Medicaid expansion — which really should be the centerpiece of the discussion given his argument, rather than an afterthought — he at least […]

Tyler Cowen on the Progressivity of Obamacare

Tyler Cowen had a piece in the NYT arguing that the mandates in Obamacare may be painful for many moderate income people who don't qualify for subsidies and don't value the insurance. This is true, but it is also true of almost any policy...Show More Summary

So What Really Happened When Bob Solow, Tyler Cowen, and Noah Smith Went Into A Chinese Bar?

This is a meme out there that I shall not link to become because it is all over the place. All I am going to do is provide my own version of what really happened, which I have posted on both Mark Thoma and Marginal Revolution, but way down low on their threads. Show More Summary

Ben Carson's Pyramid Nonsense Is not a Religious Belief

Tyler Cowen thinks we're all being too hard on Ben Carson for his belief that the pyramids were built by Joseph to store grain: We mock Ben Carson for this, but we do not make fun of those who believe openly in the Trinity, Virgin Birth, ex cathedra, and many other beliefs which are to my mind slightly less plausible claims. Show More Summary

Can we trust the Jedi?

3 weeks agoHumor / odd :

From a 2005 post on Marginal Revolution by Tyler Cowen, an alternate take on the Star Wars movies positing that while the Jedi aren't the bad guys, they are also not to be trusted. 1. The Jedi and Jedi-in-training sell out like crazy. Show More Summary

Odds and ends

1.  Over at Econlog I have a post responding to Arnold Kling. 2.  Tyler Cowen has a new post discussing the ideas of Kevin Erdmann.  In my view Kevin is one of the most underrated thinkers in economics.  He’s done a long series of posts on real estate, as well as related issues such as […]

Cracking the Hard Shell of the Macroeconomic Knut: "Keynesian", "Friedmanite", and "Wicksellian" Epistemes in Macroeconomics

[Over at Equitable Growth][1]: The very-sharp Tyler Cowen gets one, I think, more wrong than right. He writes: Tyler Cowen: [What’s the Natural Rate of Interest?]( "I... Show More Summary

Is Uber's Service Doomed To Get Worse?

Tyler Cowen has an interesting argument for why Uber's service may get worse in the long-run. Here is the gist of it: The better Uber gets, the more people can do without cars and the more taxis will go out of business.  In contrast, we are currently living in a [...]

Are you ready for some smashmouth FOOTBALL?

Kickoff This story started for me three years ago with a pre-election article by Tyler Cowen and Kevin Grier entitled, “Will Ohio State’s football team decide who wins the White House?.” Cowen and Grier wrote: Economists Andrew Healy, Neil Malhotra, and Cecilia Mo... Show More Summary

The Musical Chairs model in Ireland

Tyler Cowen links to a recent paper by Aedín Doris, Donal O’Neill, and Olive Sweetman, studying wage flexibility in Ireland.  This is from the paper: The Irish case is particularly interesting because it has been one of the countries most affected by the crisis. We find a substantial degree of downward wage flexibility in Ireland […]

THE FALLACY OF MOOD AFFILIATION, as spotted by Kevin D. Williamson, who writes in a study in contrar…

THE FALLACY OF MOOD AFFILIATION, as spotted by Kevin D. Williamson, who writes in a study in contrarianism, “From Polio to Poverty, We Are Winning:” The world isn’t ending. To the economist Tyler Cowen the world is indebted for the phrase “the fallacy of mood affiliation,” which he explains: It seems to me that people […]

Tyler Cowen says China is at risk of deep recession. Want to bet?

[youtube:fZwEDa9TrfE] I'm a Tyler Cowen fan, but this China presentation (see above, and on The Interpreter yesterday), is pretty sloppy. Let's take debt-to-GDP (about 6 minutes in). The background graph shows China's debt ratio at 230-300% of GDP, which is probably about right for total debt (official plus private, including households). Show More Summary

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