Must-Reads Up to Midnight on November 30, 2015
- : Global Imbalances and Currency Wars at the ZLB
- : Transferring Robot Incomes to the People: “the scope for automation is actually greater, probably, in cerebral work than in physical work…” :: The distribution of wealth; the distribution of income; the distribution of utility–and, possibly, the distribution of eudaimonia…
- : The Import of Exports: “To survive and thrive, societies need to pay special attention to those activities that produce goods and services they can sell to non-residents…” :: There is a very interesting argument made here about the export sector as the key link…
- : Selling Feelings: “Now… time and money… must… be invested in getting even closer to customers and more finely attuned to exactly why they are spending their money on you…” :: So how do we build an information-age economy in which producers have incentives to learn as much as they can about consumers to successfully anticipate them without also giving them an even bigger incentive and capability to deceive them?
- : Explaining the “History of Technology” Series, and Equitable Growth
- : Demand, Supply, and Macroeconomic Models: “If you came into the crisis with a broadly Hicksian view of aggregate demand you did quite well…. What hasn’t worked…is our understanding of aggregate supply…” :: A key factor Krugman omits in which standard Hicksian-inclined economists’ predictions have fallen down: the length of the short run…
- : Unlearning conomics: “Right now we’re in the middle of an empirical revolution in econ, and… common theories are just not matching reality very well…” :: Noah Smith is pushing me towards thinking that Econ 1 needs to teach *a lot more than supply-and-demand plus macroeconomic externalities that can be dealt with by stabilizing monetary and maybe fiscal policy…*
- : Moved to Opportunity: The Long-Run Effect of Public Housing Demolition on Labor Market Outcomes of Children: “Displaced children are 9 percent more likely to be employed and earn 16 percent more as adults…” :: Huh. It now looks like the huge benefits that got us excited back in the “moving to opportunity” policy days may have been an underestimate…
- : “Evidence-based medicine saves money, and puts people at no greater risk… [and is] sticking even as providers are still overwhelmingly paid on a fee-for-service basis, so there is hope for change [even] when the incentives are aligned against positive change…”
- : Worker Protection in the Gig Economy
- : China’s Latest Five-Year Plan
- : How effective will the 2016 Mandate Penalty be in getting Young Invincibles to enroll?
- : Negative interest rates Don’t Work