Monthly Archives: February 2017

Tyler Cowen Reminds me of Charles Murray and Neal Stephenson

I just opened my (Kindle) copy of The Complacent Class. He describes three complacent sub-groups. First is “the privileged class.” the wealthiest and best educated 3 to 5 percent of the American population This is Charles Murray’s Belmont (or Neal … Continue reading

Posted in books and book reviews, Tyler Cowen is my Favorite Blogger | 6 Comments

Paul Bloom Against Empathy

The entire podcast with Russ Roberts is fantastic, but I especially like the last 10-12 minutes. Bloom and Roberts are dismayed by what they see as a cultural change in which politicians focus on the individual case to tug at … Continue reading

Posted in culture | 5 Comments

Ev Psych and Motivated Reasoning

From a piece by Elizabeth Kolbert in the New Yorker. Living in small bands of hunter-gatherers, our ancestors were primarily concerned with their social standing, and with making sure that they weren’t the ones risking their lives on the hunt … Continue reading

Posted in Three-Axes Model | 28 Comments

David Epstein Discovers Hansonian Medicine

He writes, In 2012, Brown had coauthored a paper that examined every randomized clinical trial that compared stent implantation with more conservative forms of treatment, and he found that stents for stable patients prevent zero heart attacks and extend the … Continue reading

Posted in Economics of Health Care | Tagged | 22 Comments

Republican-free Zones

Christopher Caldwell writes, Washington, D.C., with its 93-to-4 partisan breakdown, is not that unusual. Hillary Clinton won Cambridge, Massachusetts, by 89 to 6 and San Francisco by 86 to 9. Here, where the future of the country is mapped out, … Continue reading

Posted in Politics, Tyler Cowen is my Favorite Blogger | 16 Comments

Four Forces Watch

Laurie DeRose and W. Bradford Wilcox write, By showing that cohabiting families are more unstable, even among the highly educated in Europe and the United States, our research suggests family instability is not only about socioeconomic forces. As Pascal-Emmanuel Gobry … Continue reading

Posted in Four Forces Watch | 13 Comments

Arthur Brooks on the Dignity Deficit

He writes, even though poverty has become less materially miserable, it is no less common. In Martin County, just 27 percent of adults are in the labor force. Welfare is more common than work. Caloric deficits have been replaced by … Continue reading

Posted in Four Forces Watch, Tyler Cowen is my Favorite Blogger | 23 Comments

Charles Taylor on Social Science

From Philosophy and Social Science, chapter one, page 56. Human science is largely ex post understanding. Or often one has the sense of impending change, of some big reorganization, but is powerless to make clear what it will consist in: … Continue reading

Posted in Economic education and methods | 7 Comments

Educational Signaling and Aggregate Productivity

One of Tyler Cowen’s readers writes, Traditional productivity forecast research tends to assume the wage premium is entirely human capital. [but] If sheepskin effects are purely relative status effects, then the impact on total output and income should be zero, … Continue reading

Posted in Economics of Education, Tyler Cowen is my Favorite Blogger | 16 Comments

An Economy is not a Business

Don Boudreaux writes, Samuelson here, like many noneconomists, fell victim to the fallacy of composition. Wars that make certain farmers and industrialists (and their workers and suppliers) more prosperous do not thereby make society more prosperous. What is true for … Continue reading

Posted in PSST and Macro | 9 Comments