Monthly Archives: September 2013

The Macro Book: An Update

I think that the basic approach is now stable. I might have a draft completed by the end of October. It is now a drama in four acts (have I said that before?). I have no idea how it will … Continue reading

Posted in PSST and Macro | Comments Off

Lifted From the Comments

On this post, Jeff R. writes The uncharitable view of liberal empathy is that humans did not evolve to feel empathy in order to solve problems; empathy exists because it helped our ancestors build and strengthen coalitions and outcompete other … Continue reading

Posted in behavioral economics, Libertarian Thought | 5 Comments

The Wall Street Menace

1. Stephen G Cecchetti and Enisse Kharroubi write, we find that manufacturing sectors that are either R&D-intensive or dependent on external finance suffer disproportionate reductions in productivity growth when finance booms. That is, we confirm the results in the model: … Continue reading

Posted in Housing and housing finance, Mark Thoma is Indispensable | 1 Comment

Two Recommendations From Reihan Salam

I. On higher education, he recommends a proposal for a $10,000 degree, written by Anya Kamenetz. She concludes, Making college affordable—without loans—by stripping it of its perks, refocusing the mission on education, using new technology in a blended learning model, … Continue reading

Posted in Economics of Education, income distribution-wealth-poverty, Reihan Salam is the ultimate wonk | 3 Comments

Genes and Environment

This week’s links from Jason Collins are interesting, as usual. For example, Alison Gopnik writes, When psychologists first started studying twins, they found identical twins much more likely to have similar IQs than fraternal ones. They concluded that IQ was … Continue reading

Posted in Economics of Education, Jason Collins is Indispensable | 6 Comments

College: Who is the Consumer?

Mike Gibson has a piece on the bundle that is college education. Taken together this is like an awful cable TV package. To get HBO, you also need to pay high prices for all those unwatchable stations like the Hallmark … Continue reading

Posted in Economics of Education, links to my essays | 2 Comments

What do Low Unemployment Insurance Claims Tell Us?

Scott Sumner raises the issue. with today’s numbers (308,000 on the 4 week average) we have fallen below the 0.1% level, meaning that fewer than 1/1000ths of Americans now file for unemployment comp each week. That’s not just boom conditions, … Continue reading

Posted in labor market, Scott Sumner is Coherent | 4 Comments

The Toady Class On Average is Over

Random notes from a discussion of Tyler Cowen’s Average is Over: Michael Mandel is optimistic. He thinks that the baby boomers are about to retire in droves (in part because of health reasons), helping to solve the unemployment problem of … Continue reading

Posted in books and book reviews, income distribution-wealth-poverty, Tyler Cowen is my Favorite Blogger | 8 Comments

Civilization vs. Barbarism Watch

A reader points me to a story in Wired. The prevalence of gun crimes in Chicago is due in large part to a fragmentation of the gangs on its streets: There are now an estimated 70,000 members in the city, … Continue reading

Posted in books and book reviews, Three-Axes Model | 3 Comments

Christopher L. Smith on Job Polarization

Recommended. A few highlights: the inflow rate to middle-type jobs from unemployed formerly non-middle-type workers appears to be falling over time. Further, these transition rates appear to drop discretely following the 1990, 2001, and most recent recessions. There is no … Continue reading

Posted in labor market, Tyler Cowen is my Favorite Blogger | Comments Off