Monthly Archives: November 2016

The Fake News Problem

Typical Washington Post Headline: D.C. Council to vote on nation’s most generous family leave law: 11 weeks off, up to 90 percent pay Note the modifier “generous.” Not “intrusive” or “coercive” or “attempting to be generous with other people’s money” … Continue reading

Posted in Politics, Three-Axes Model | 30 Comments

Defining Terms in the Social Disciplines

Chelsea Leu writes, Chemists don’t squabble about what oxygen is, but if psychologists convene a conference on a fuzzier concept like “trust,” says Colin Camerer, an economist at Caltech, they’ll spend the first two days disagreeing about what the word … Continue reading

Posted in Economic education and methods, Tyler Cowen is my Favorite Blogger | 4 Comments

Who Needs the FCC?

The WaPo reports, Many of the FCC’s existing functions could be farmed out, Jamison wrote in the blog post. Subsidies for phone and Internet service could be handled by state governments, while the Federal Trade Commission could handle consumer complaints … Continue reading

Posted in links to my essays, regulation | Tagged | 12 Comments

Regulation and Sustainability

Concerning a new EPA regulation, Jennifer Ko writes, many industry and environmental groups have failed to address one important aspect of biofuel regulations—the effect that increased ethanol use will have on dwindling water supplies in the United States. Jay Famiglietti, … Continue reading

Posted in Mark Thoma is Indispensable, regulation, Specialization and Trade Economics Intro | 3 Comments

Regional Variation in Medical Treatment

Amy Finkelstein, Matthew Gentzkow, and Heidi Williams write, Our findings confirm that supply-side factors are important, while also revealing that patient preferences and health status together account for a large share of variation. Once we address the endogenous measurement issue … Continue reading

Posted in Economics of Health Care | 9 Comments

Erik Hurst on the Labor Market

In a podcast with Russ Roberts. Self-recommending. An excerpt (there were many to choose from): in earlier periods, manufacturing jobs were, you know, slowly going away. But at the same time, population was growing. So new young people could come … Continue reading

Posted in labor market | 1 Comment

Trumpophobes: Is this really 1933?

Some of my Facebook friends say that it is. Here are some of the events that took place in Germany in 1933. The Reichstag Fire Decree is passed in response to the Reichstag fire, nullifying many German civil liberties. Hundreds … Continue reading

Posted in Politics | 20 Comments

Social Science is Mis-named

John Tierney writes, In a classic study of peer review, 75 psychologists were asked to referee a paper about the mental health of left-wing student activists. Some referees saw a version of the paper showing that the student activists’ mental … Continue reading

Posted in Economic education and methods | 11 Comments

Outline for an Econduel

The topic is, “Should we think of economics as a science?” Against Thinking of economics as a science is incorrect as a description and unwise as a prescription. As a description, the claims that economists make are not as robust … Continue reading

Posted in Economic education and methods | 12 Comments

Wither Factor-Price Equalization?

Elisa Giannone writes, The interaction of SBTC [skill-biased technical change] and agglomeration economies imply that more educated locations have larger skill premium. High and low-skill workers have some degree of complementarity, so, agglomeration effects raise the wages of all the … Continue reading

Posted in Four Forces Watch, labor market, Tyler Cowen is my Favorite Blogger | 1 Comment