Monthly Archives: December 2017

Computers win the race

Tyler Cowen writes, the human now adds absolutely nothing to man-machine chess-playing teams. I am pretty sure I predicted this. I certainly would have if anyone asked. Whenever you get to the point where a computer is close to human … Continue reading

Posted in business economics, Tyler Cowen is my Favorite Blogger | 5 Comments

Heterodox economics: my latest

1. David Wright invited me to a podcast, which is here. I got off to a slow start, so I recommend skipping ahead to about minute 6, maybe even to minute 8, where Wright brings up the book Capitalism without … Continue reading

Posted in business economics, Economic education and methods, links to my essays | 1 Comment

Russ Roberts on middle-class income stagnation

Using an animated format, he starts to delve into the statistics. It is aimed at people without formal education in economics, but it struck me that some of the points that it makes might be best appreciated by a trained … Continue reading

Posted in income distribution-wealth-poverty, Introductory Economics | 5 Comments

Russ Roberts on social control of sexual conduct

Noting that Matt Lauer could be fired but Al Franken and John Conyers could not, he writes, There’s an irony here. The government, which imposes regulations and other restrictions in a top-down way across the whole economy, has a strange … Continue reading

Posted in culture, Libertarian Thought | 16 Comments

Wage differentials vs. productivity differentials, continued

Tyler Cowen asks, Aren’t the waiters more productive *because they are serving wealthier customers*? Gosh, that throws an even bigger monkey wrench into the whole deal. Let me switch examples. Suppose that Jeff Bezos can either rely on Uber or … Continue reading

Posted in Economic education and methods, labor market, Tyler Cowen is my Favorite Blogger | 13 Comments

Books of the year, 2017

Tyler has given you his list. Mine, in order of quality: Kevin Laland, Darwin’s Unfinished Symphony. Richard Bookstaber, The End of Theory. Jonathan Haskel and Stian Westlake, Capitalism without Capital. Aaron Ross Powell and Grant Babcock (eds.), Arguments for Liberty. … Continue reading

Posted in books and book reviews, Tyler Cowen is my Favorite Blogger | 3 Comments

Are locational wage differentials also productivity differentials?

I think that an argument about this arose in the comments on this post. Let me provide a framework for discussion. Suppose that we observe that zip code X has higher average wages for waiters than zip code Y. Can … Continue reading

Posted in books and book reviews, disaggregating the economy, Economic education and methods, labor market | 22 Comments

My own review of Eliezer Yudkowsky

My review of Inadequate Equilibria. The most significant episodes in my career have been when I stood for heterodox beliefs. For that reason, Yudkowsky’s book raised issues that matter to me, even though I did not always find Inadequate Equilibria … Continue reading

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

The importance of appreciating complexity

Here is another new essay of mine, called The Simplicity Assumption. The opposite of the Simplicity Assumption would be a complexity diagram. Imagine a diagram with a social problem, such as the obesity epidemic or the financial crisis of 2008, … Continue reading

Posted in Economic education and methods | 5 Comments

Too much discipline on the left, too little on the right

Check out my latest essay on Medium, Restoring Political Health, Left and Right. People with a temperament that is high on openness and low on conscientiousness are inclined toward the left and tend to be curious, tolerant, and willing to … Continue reading

Posted in links to my essays, Politics | 24 Comments