Category Archives: books and book reviews

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

Scott Alexander on Eliezer Yudkowsky

Scott writes, Everyone hates Facebook. It records all your private data, it screws with the order of your timeline, it works to be as addictive and time-wasting as possible. So why don’t we just stop using Facebook? More to the … Continue reading

Posted in books and book reviews, Economic education and methods | Tagged , , | 10 Comments

Disaggregating the economy: clusters ten years later

A dozen years after coming out with The Clustering of America, Michael Weiss published The Clustered World, in 2000. This incorporated census data from 1990, which moved the analysis 10 years forward, but still leaves it well out of date … Continue reading

Posted in books and book reviews, disaggregating the economy, Four Forces Watch | 10 Comments

Revive this research

I just finished re-reading The Clustering of America, by Michael J. Weiss. It is a narrative description of forty different socioeconomic clusters, derived primarily from census data, mixed with some market information. It was published in 1988. 1. Somebody should … Continue reading

Posted in books and book reviews, disaggregating the economy | 2 Comments

Tim Harford and Russ Roberts

An econtalk podcast, of course. At one point, Harford says, one thing I learned is not to undervalue innovations that are important simply because they have become very, very cheap, so they’ve become ubiquitous. The other thing I learned was … Continue reading

Posted in books and book reviews, Growth Causes and Consequences | 1 Comment

Reading in my youth

Tyler Cowen writes, Way back when, I considered the ten books that influenced me most, a list I still stand by. In response, someone asked me to name the books that influenced me, but whose influence I probably was not … Continue reading

Posted in books and book reviews, Tyler Cowen is my Favorite Blogger | 2 Comments

Disaggregating the economy using big data

When do you suppose that the following sentences were written: Should we worry about a computerized creation that plays to our unconscious? How vulnerable are we to these increasingly refined sales pitches? They come from Michael J. Weiss, on p.25 … Continue reading

Posted in books and book reviews, disaggregating the economy | 1 Comment

Equity without capital, twenty years later

I received a review copy of Capitalism without Capital: The Rise of the Intangible Economy, by Jonathan Haskel and Stian Westlake, which has a 2018 copyright date. 1. My first reaction is to be a bit miffed that my name … Continue reading

Posted in books and book reviews, business economics, disaggregating the economy, links to my essays, Tyler Cowen is my Favorite Blogger | Tagged , , | 1 Comment