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The bitter, political fight to create a new macroeconomics

THE big debates in macroeconomics have never been polite. I suppose it's understandable that this is the case; after all, the stakes are high. Tyler Cowen excerpts a new blog post by Scott Sumner, which reads: …what’s happened since 2009 involves not just one, but at least five new types of voodoo: 1.

Tyler Cowen on NGDP targeting

(August 23, 2016 12:08 PM, by Scott Sumner) Here's Tyler Cowen: The thing is this: whether rationally or not, the American public hates higher rates of price inflation. Perhaps they mis-sample or mis-estimate prices, or perhaps the higher prices really do erode their real wages in a way... (0 COMMENTS)

Monday assorted links

1. Contemporary art exhibit for dogs, via Yana. 2. “Tyler Cowen asks what I think the five biggest open questions are in the current economic debate.”  That is from Adam Ozimek, those are pretty close to my own list, I would toss in some China too like “what the hell is going on there?”. 3. […] The post Monday assorted links appeared first on Marginal REVOLUTION.

The Five Biggest Open Economics Questions To Me

Tyler Cowen asks what I think the five biggest open questions are in the current economic debate. My answers are probably going to reflect my idiosyncratic interests and my day job at an economics forecasting company, where the next 3 years of economic data data matter a lot. With that [...]

Procrastinating on August 13, 2016

Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads: Storify: _[I Think Tyler Cowen Is Confused About Social Choice and Investment-Spending Hurdle Rates][]_: Lower than 2%: That's What the Social-Choice Calculus Produces, for Both Public Infrastructure and Private Capital Barry Eichengreen: _[Airing the IMF’s Dirty Laundry][]_ Jonathan A. Parker et al....

Intermediaries and the financial crisis of 2008

2 weeks agoHumor / odd : Kottke.org

In the most recent video from Marginal Revolution University, Tyler Cowen explains how the role of financial intermediaries contributed to the financial crisis of 2008. He highlights homeowners and banks taking on too much leverage,Show More Summary

Democratic Fund Managers Outperformed Republican Fund Managers

Straight from the Mercatus Institute, libertarian Tyler Cowen notes that fund managers who donate to Democrats outperformed fund managers who donated to Republicans. The difference is small compared to the huge volatility of stock market returns, but it is not small compared to the variance of the performance of the two groups of fund managers. […]

Book shopping at Strand

In conjunction with my recent conversation with Tyler Cowen (watch and/or read), I also had the opportunity to go book-shopping with him -- on camera -- at the Strand bookstore, and you can now watch the (cut-down-to-manageable-size)...Show More Summary

Four short links: 2 August 2016

Industrial Organization, Spark 2, MySQL Migrations, and Elon's Bedtime Stories Industrial Organization Reading List -- from Tyler Cowen's Fall Ph.D. class. Apache Spark 2.0.0 -- The major updates are API usability, SQL 2003 support,Show More Summary

In conversation with Tyler Cowen

It was a great honor and pleasure to be in conversation with Tyler Cowen -- and to go book-shopping with him at New York's Strand Bookstore (video of which should be available next week...) -- and you can now watch the full conversation,...Show More Summary

Tyler Cowen on low interest rates

(July 27, 2016 06:38 PM, by Scott Sumner) Tyler Cowen has a new Bloomberg column: Maybe Negative Yields Are a Sign of Prosperity Just when it seemed that negative yields could not spread any further, they did. Corporate bonds paying negative interest rates now account for about $512... (0 COMMENTS)

My conversation with Michael Orthofer

That is the latest entry in the Conversations with Tyler series, here is the transcript, audio, and video.  Here is the overview: Michael Orthofer, one of the world’s most prolific book reviewers, joins Tyler Cowen for a conversation on?—?what else??—?books. Show More Summary

Remorse

(July 26, 2016 10:55 AM, by Scott Sumner) Tyler Cowen linked to a Wonkblog post that suggested pot legalization has not had the negative effects that drug warriors predicted: National surveys have shown that teen marijuana use rates are falling across the country. But there haven't been many... (0 COMMENTS)

Incentives Matter for Politicians Too

(July 25, 2016 04:14 PM, by David Henderson) In a Facebook comment on my recent post on Peter Thiel and Donald Trump's foreign policy views, my friend Stephen M. Jones wrote (I quote with his permission): Tyler Cowen had an important post linking this article about Trump and... (0 COMMENTS)

The Complacent Class

last monthHumor / odd : Kottke.org

The Complacent Class is a forthcoming book by Tyler Cowen. Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy...Show More Summary

No, Retirement Worries Are Not Behind Trump's Support From Old White Voters

Tyler Cowen writes in Bloomberg today about Donald Trump's main base of support: Older white Americans are Donald Trump’s core support group, and that’s relevant to the success of Trump’s rhetoric. Commentators frequently cite globalization...Show More Summary

Bloomberg, Reuters Add Columnists

Bloomberg adds Tyler Cowen, Reuters adds Sara Silver.

Is backlash a symptom of insufficient immigration?

Bryan Caplan writes: The fact that Londoners showed little sympathy for Brexit is telling: People who experience true mass immigration first-hand tend to stop seeing it as a problem.  “Backlash,” as Tyler Cowen calls it, is a symptom...Show More Summary

Why Did the Star Trek and Star Wars Universes Turn Out So Differently?

2 months agoHumor / odd : Neatorama

(Photo: JD Hancock) Tyler Cowen is an economist at George Mason University. Recently, he mused about why the settings of Star Trek and Star Wars are so different. There are advanced technologies in both--far beyond our own reality--but enormous differences in the politics, economies, and cultures between them. Show More Summary

Questions ?

I'm looking forward to my to-be-podcast conversation with Tyler Cowen, and at his Marginal Revolution weblog he invites readers to tell him What should I ask Michael Orthofer ? So if you have questions..... (35 responses so far, last I checked -- though I haven't read them, yet. Should I ? Don't want to be over-prepped. (Oh, who am I kidding, of course I am going to peek....))

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