Monthly Archives: January 2018

A Social Progress Index

At this year’s AEA meetings, there apparently was an interesting session on measuring well-being. One paper, by Daniel Fehder, Scott Stern, and Michael E. Porter, says we describe the construction of a synthetic measure of non-economic performance, the Social Progress … Continue reading

Posted in disaggregating the economy, Economic education and methods, links to my essays | 1 Comment

The back-sleep ideologues

This story says, The American Academy of Pediatrics, or AAP, recommends that babies always be placed on their backs to sleep, even for just a nap. I think this is worst advice ever. I don’t find convincing the evidence that … Continue reading

Posted in behavioral economics, links to my essays | 16 Comments

A podcast discussion with Bill Walton

Not that Bill Walton, although this one is plenty tall. Here we are. Starting with the 3-axes model, we go on to a wide-ranging discussion that was fun for me.

Posted in Three-Axes Model | 1 Comment

Null Hypothesis Watch

Two papers that claim to reject it. 1. Michael Lovenheim and Alexander Willen write, We see consistent evidence that 12 years of exposure to a collective bargaining law negatively impacts both cognitive and noncognitive scores among men. AFQT percentile declines … Continue reading

Posted in Economics of Education, Tyler Cowen is my Favorite Blogger | 9 Comments

Interesting sentences

From Michael Strong we see increased prevalence of depression, bipolar, and schizophrenia across time and culture. Our genetic heritage has clearly not changed and yet the incidence of mental illness is changing. Read the whole thing.

Posted in culture | 8 Comments

Moderate voters?

James Taranto (WSJ) writes, Those old enough to remember the decades before the ’90s, then, may tend to see permanent majorities around the corner because they expect a return to normalcy. Mr. Fiorina, by contrast, argues that frequent shifts in … Continue reading

Posted in books and book reviews, Politics | 13 Comments

The Tyranny of Metrics

The book by Jerry Muller will be out shortly. It makes a strong case against the over-use of quantitative measures to fix compensation. Education is one example. If you believe the null hypothesis, then compensating teachers based on outcomes only … Continue reading

Posted in business economics, Economics of Education, Economics of Health Care | 4 Comments

Resistance Watch

Charlie Stross writes, However, Facebook is trying to get eyeballs on ads, as is Twitter, as is Google. To do this, they fine-tune the content they show you to make it more attractive to your eyes—and by ‘attractive’ I do … Continue reading

Posted in business economics, technology and the future, Tyler Cowen is my Favorite Blogger | 15 Comments

Resistance Watch

Two from Monday’s WSJ. 1. David Benoit in a front-page story on Apple writes, A leading activist investor and a pension fund are saying the smartphone maker needs to respond to what some see as a growing public-health crisis of … Continue reading

Posted in business economics, technology and the future | 7 Comments

Bitcoin and the prospects for a dollar collapse

For Medium, I take a skeptical view of the value of Bitcoin as a hedge against hyperinflation. For citizens looking for hard assets, gold is not the only option. Other commodities, such as copper or wheat, are traded in futures … Continue reading

Posted in financial markets, government debt crisis | 9 Comments