Monthly Archives: September 2016

How High is Geographic Mobility?

Ioana Marinescu and Roland Rathelot write, The data is from, arguably the largest job board in the U.S., and is broadly representative of the U.S. labor market. Using this data to document the geography of job search, we find … Continue reading

Posted in labor market | 10 Comments

Influences on One’s Thinking

Sam Bowman of the Adam Smith Institute says who influenced him, including How Richard Dawkins Got Pwned and An Open Letter to Open-Minded Progressives — Mencius Moldbug (Both very long.) I am not a neo-reactionary, but sometimes I think Mencius Moldbug is … Continue reading

Posted in books and book reviews | 7 Comments

Another Idiosyncratic Comment

Kevin Erdmannn comments, It seems like you’re making the very mistake Smith is warning about. I don’t think historians looking at the newspapers of 2005 would be struck with the high level of trust we had in financial intermediaries. We … Continue reading

Posted in Financial Crisis of 2008 | 3 Comments

PSST and 1946

Commenter Handle asks, As a first guess, would a PSST theory also predict significant disruption and delay in establishing a healthy ‘new normal’ from such a substantial and rapid transformation in the overall economy as accompanied the huge changes from … Continue reading

Posted in Economic History, PSST and Macro | 10 Comments

Andrew Gelman on the Replication Crisis

He writes, 2011: Joseph Simmons, Leif Nelson, and Uri Simonsohn publish a paper, “False-positive psychology,” in Psychological Science introducing the useful term “researcher degrees of freedom.” Later they come up with the term p-hacking, and Eric Loken and I speak … Continue reading

Posted in statistical methods | 3 Comments

From the Right-Wing Conspiracy Wing Nuts

For example, the FDA assures the public that it is committed to transparency, but the documents show that, privately, the agency denies many reporters access—including ones from major outlets such as Fox News—and even deceives them with half-truths to handicap … Continue reading

Posted in Politics, regulation | 7 Comments

Boston Discussion: Try Again?

I tried a couple weeks ago, but I let the weather forecasters frighten me out of it. I will be back in Boston on October 5th and 6th. Either lunch time or dinner time would work. We will discuss my … Continue reading

Posted in Specialization and Trade Economics Intro | Comments Off

What’s Wrong with Keynesian Economic Theory?

That is the title of a new book, edited by Steven Kates. It is published by Edward Elgar ($$$). I am one of the contributing authors. My essay argues that Keynesians use two very different approaches in marketing their ideas. … Continue reading

Posted in links to my essays, PSST and Macro | 5 Comments

To the Aspiring Econ Grad Student

Paul Romer writes, If I am right that in recent decades the equilibrium in post-real macro has discouraged good science (and remember, many economists do not agree with me, at least not yet) there is some risk that a rear-guard … Continue reading

Posted in Economic education and methods, Mark Thoma is Indispensable | 11 Comments

The Trust Variable

Noah Smith worries about the way economists invoke trust. So although trust, in some form, is probably important in our economic lives, we don’t yet have the tools to measure it, we don’t know exactly how it’s important, and we … Continue reading

Posted in Economic education and methods, financial markets | 9 Comments