Must- and Should-Reads: September 14, 2017

• Nick Bunker: Markups, macroeconomics, and the changing U.S. economy: “Over the past several decades, the U.S. economy experienced changes in key economic metrics that don’t bode well for the welfare of most people… https://equitablegrowth.org/equitablog/value-added/markups-macroeconomics-and-the-changing-u-s-economy/
• Nick Bunker: JOLTS Day Graphs: July 2017 Report Edition | Equitable Growth: “The Beveridge Curve in July looks to be very close to its pre-recession trend: https://equitablegrowth.org/equitablog/jolts-day-graphs-july-2017-report-edition/
• Joseph E. Stiglitz: Where Modern Macroeconomics Went Wrong: “This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century… http://www.nber.org/papers/w23795
• Matthew Kahn: Does Culture Matter? The Case of Academic Economics: “I stumbled across this very interesting (and depressing) post by Claudia Sahm… http://greeneconomics.blogspot.com/2017/09/does-culture-matter-case-of-academic.html
• Barbara Biasi and Petra Moser: Effects of Copyrights on Science: Evidence from the WWII Book Republication Program: “In 1942, the American Book Republication Program (BRP) allowed US publishers to reprint exact copies of German-owned science books… https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=2542879
• Peter A. Hall and David Soskice, eds. Varieties of Capitalism: The Institutional Foundations of Comparative Advantage: “The institutional differences that characterize the ‘varieties of capitalism’ found among the developed economies… http://www.oxfordscholarship.com/view/10.1093/0199247757.001.0001/acprof-9780199247752
• Bin Yu: Three principles for data science: predictability, stability, and computability: “September 12, 2017 :: 4:10pm to 5:00pm :: 190 Doe Library” https://bids.berkeley.edu/events/three-principles-data-science-predictability-stability-and-computability
• Austin Clemens: Previewing tomorrow’s annual income and poverty report: “‘Income and Poverty in the United States’, on Tuesday… https://equitablegrowth.org/equitablog/value-added/previewing-tomorrows-annual-income-and-poverty-report/
• Michael Boskin (March 6, 2009): Obama’s Radicalism Is Killing the Dow: “our new president’s policies are designed to radically re-engineer the market-based U.S. economy… https://www.wsj.com/articles/SB123629969453946717
• Diane Coyle: Inequality, revisited: “Recently I’ve been dipping into The Contradictions of Capital in the 21st Century: The Piketty Opportunity, edited by Pat Hudson and Keith Tribe… http://www.enlightenmenteconomics.com/blog/index.php/2017/09/inequality-revisited/
• Pedro Nicolaci da Costa: Fed may pause rate hikes if inflation weakness persists: “The Federal Reserve is embarking on an annual summer ritual: Downgrading its overly optimistic forecasts for economic growth… http://www.businessinsider.com/fed-may-pause-rate-hikes-if-inflation-weakness-persists-2017-7
• David Glasner: Milton Friedman Says that the Rate of Interest Is NOT the Price of Money: Don’t Listen to Him!: “Friedman’s repeated claims that the rate of interest is not the price of money… https://uneasymoney.com/2017/09/07/milton-friedman-says-that-the-rate-of-interest-is-not-the-price-of-money-dont-listen-to-him/
• Amanda Bayer and Cecilia Elena Rouse: Diversity in the Economics Profession: A New Attack on an Old Problem: “The economics profession includes disproportionately few women and members of historically underrepresented racial and ethnic minority groups… https://www.aeaweb.org/articles?id=10.1257/jep.30.4.221
• Frank Pasquale (2011): Economic Policy for the Worried Wealthy: “Why is the austerity movement so powerful in the US?… https://concurringopinions.com/archives/2011/04/economic-policy-for-the-worried-wealthy.html
• Noah Smith: Realism in macroeconomic modeling: “Ljungqvist and Sargent are trying to solve the Shimer Puzzle… http://noahpinionblog.blogspot.com/2017/09/realism-in-macroeconomic-modeling.html

Interesting Reads:

• Richard Zach et al.: Incompleteness and Computability http://people.ucalgary.ca/~rzach/static/open-logic/courses/phil479/phil479-screen.pdf
• Patrick Tomlinson: How Being an Author Changed After the Affordable Care Act: “there has been one notable exception, one bright spark of hope for many authors, musicians, artists, comedians, and creatives of all stripes. That spark has been the Affordable Care Act…” https://www.tor.com/2017/09/12/how-being-an-author-changed-after-the-affordable-care-act/
• Neha Agarwal et al.: Month of birth and child height in 40 countries: “Lokshin and Radyakin (2012) present evidence that month of birth affects child physical growth in India. We replicate these correlations using the same data and demonstrate that they are the result of a spurious relationship between month of birth, age-at-measurement and child growth patterns in developing countries….” http://www.sciencedirect.com/science/article/pii/S0165176517301842
• Maximilian Kasy: Empirical Research on Economic Inequality http://inequalityresearch.net/
• Tren Griffin: My views on the market, tech, and everything else https://25iq.com/
• Andrew W. Lo, H. Allen Orr, and Ruixun Zhang: The growth of relative wealth and the Kelly criterion https://link.springer.com/epdf/10.1007/s10818-017-9253-z
• Dani Rodrik: POPULISM AND THE ECONOMICS OF GLOBALIZATION https://drodrik.scholar.harvard.edu/files/dani-rodrik/files/populism_and_the_economics_of_globalization.pdf
• George Dotsis: Option Pricing Methods in the Late 19th Century: “In the late 19th century… investors… had… sophisticated option pricing techniques for determining the prices of at-the-money and slightly out-of-the-money and in-the-money short-term calls and puts… viewed options mainly as instruments to trade volatility…” https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2831362
• Claudia Sahm: if the shoe fits… http://macromomblog.com/2017/09/10/if-the-shoe-fits/
• Peter Temin: The best books on economic history https://fivebooks.com/interview/peter-temin-favourite-books/