Monthly Archives: March 2015

Michael Mandel’s Question About Health Care Innovation

Posted on March 3, 2015 by Arnold Kling

At this event, he asked why we do not see any of the signs of an innovation boom in health care that we saw with personal computers and the Internet. No spectacular new companies. No surge in demand for life … Continue reading →

Posted in Economics of Health Care, Growth Causes and Consequences | 14 Comments

Reviewing Katznelson

Posted on March 2, 2015 by Arnold Kling

Be prepared for a long essay reviewing Ira Katznelson’s Fear Itself, about the Roosevelt-Truman era. A snippet: Katznelson clearly laments the demise of government attempts to plan and coordinate the economy.

Posted in books and book reviews, Libertarian Thought, links to my essays | 3 Comments

Null Hypothesis Watch

Posted on March 2, 2015 by Arnold Kling

“Scott Alexander” writes, When they caught up with these kids at age 25, the intervention group was found to have an odds ratio of around 0.6 to 0.7 of having developed various psychiatric disorders the study was testing for, including … Continue reading →

Posted in behavioral economics, Economics of Education | 2 Comments

Paul Krugman Sentences I Might Have Written

Posted on March 1, 2015 by Arnold Kling

I certainly agree with this: the professional economists who either play important roles in making policy or appear to have influence on the discussion got their Ph.Ds from MIT in the second half of the 1970s. An incomplete list, with … Continue reading →

Posted in Economic education and methods, PSST and Macro | 2 Comments

Marginal vs. Average Debt to Equity in Housing

Posted on March 1, 2015 by Arnold Kling

Alejandro Justiniano and others write, if the relaxation of collateral constraints had been widespread, it should have resulted in a surge of mortgage debt relative to the value of real estate. In the data, however, household debt and real estate … Continue reading →

Posted in Housing and housing finance, Mark Thoma is Indispensable | 2 Comments