Must-Reads: September 19, 2016
- Gary Burtless: This Pessimistic Conclusion Does Not Correspond with Other Indicators: This pessimistic conclusion… does not correspond with other indicators….
- Project Syndicate: Untruth and Consequences: In every corner of the world, governments are failing…
- Manu Saadia: The Enduring Lessons of “Star Trek”: There are two kinds of science fiction… us[ing] the trappings of the future to explore the present…
- Roger Farmer (2014): Real Business Cycle Theory and the High School Olympics: [Prescott’s] argument was that business cycles… are caused by the substitution of labor effort of households between times of plenty and times of famine…
- Mauro Boianovsky: Knut Wicksell, Secular Stagnation, and the Negative Natural Rate of Interest: The notion of secular stagnation is consistent with… [Knut Wicksell’s] hypotheses of diminishing returns to technical progress and to capital accumulation alike….
- Joe Gagnon: Negative Interest Rates: A Useful But Limited Tool: The disadvantages of paper currency are not so large as to allow for unlimited negative interest rates….
- Arindrajit Dube and Ethan Kaplan (2010): Does Outsourcing Reduce Wages in the Low-Wage Service Occupations? Evidence from Janitors and Guards: Outsourcing of labor services grew substantially during the 1980s and 1990s….
Should Reads:
- Cognitive Bias Codex Cheat Sheet
- Jason Furman: Beyond Antitrust: The Role of Competition Policy in Promoting Inclusive Growth
- Branko Milanovic: The downside of upward mobility
- John B. Shoven: Kenneth Arrow Contributions to Economics
- Weekend Reading: Ada Palmer (2012): Machiavelli I
- Musings on “Just Deserts” and the Opening of Plato’s Republic
- Live from the Brookings Institutions: In the United States today, the cost of 365 x 2000 = 730,000 calories of edible corn
