Must- and Should-Reads: September 8, 2017
- Austin Clemens: New report on evidenced-based policymaking boasts recommendations that Congress must take seriously: “The Commission’s report does not address funding levels for existing statistical agencies, but funding for these agencies is not a luxury… https://equitablegrowth.org/equitablog/new-report-on-evidenced-based-policymaking-boasts-recommendations-that-congress-must-take-seriously/illing to pay for such efforts…
- Paul Krugman: The Political Failure of Trickle-Down Economics: “We tend to think of the period since Reagan’s election as a conservative era… https://krugman.blogs.nytimes.com/2017/08/20/the-political-failure-of-trickle-down-economics/
- Sam Bowles and Wendy Carlin: A new paradigm for the introductory course in economics: “The contributions of Keynes, Hayek, and Nash–aggregate demand, the central economic role of limited information, and strategic interactions modelled by game theory… http://voxeu.org/article/new-paradigm-introductory-course-economics
- German Gutierrez and Thomas Philippon: Investment-less growth: An empirical investigation: “Business investment remains low despite high profits, low funding costs, and high asset values… https://www.brookings.edu/bpea-articles/investment-less-growth-an-empirical-investigation/
- Teresa Nielson Hayden: Rules for Commenters: “What’s striking about this fictional rule set is the issues it doesn’t recognize… http://nielsenhayden.com/makinglight/archives/016593.html#4335396
- Cardiff Garcia: Brainard’s framing challenge: “Tim Duy has the right response to Lael Brainard’s speech today… https://ftalphaville.ft.com/2017/09/05/2193262/brainards-framing-challenge/
- Chang-Tai Hsieh and Enrico Moretti: How Local Housing Regulations Smother the U.S. Economy: “For most of the 20th century, workers moved to areas where new industries and opportunities were emerging… https://www.nytimes.com/2017/09/06/opinion/housing-regulations-us-economy.html
Interesting Reads:
- Kieran Healy: Data Visualization for Social Science: “A practical introduction with R and ggplot2…” http://socviz.co/index.html#preface
- Pedro Nicolaci da Costa: Trump unhappy with Cohn suggests tax reform officially dead: “Gary Cohn… appears to have angered Donald Trump…. Cohn has often been seen as the… chief architect…. His break with the president signals Trump’s tax cut plans are very much on the rocks…” http://www.businessinsider.com/trump-unhappy-with-cohn-suggests-tax-reform-officially-dead-2017-9
- Al Hunt: Why the U.S. Government Can’t Be Downsized: “He ridiculed the populist-sounding arguments of Trump adviser Gary Cohn and Treasury Secretary Steven Mnuchin, who say, for example, that tax cuts would help firemen since a resulting surge in stocks would help their retirement plans. Most firemen have defined-benefit pension plans that wouldn’t be affected, Summers noted…” https://www.bloomberg.com/view/articles/2017-09-07/why-the-u-s-government-can-t-be-downsized
- Adair Turner: Is Productivity Growth Becoming Irrelevant?: “Our standard mental model of productivity growth reflects the transition from agriculture to industry…. Much design, branding, and advertising activity is also essentially zero-sum…. Choice and human creativity are valuable per se. But we have no reason to believe that 2050’s designs and brands will make us any happier than those of 2017…” https://www.ineteconomics.org/perspectives/blog/is-productivity-growth-becoming-irrelevant
- Ta-Nehisi Coates: Donald Trump Is the First White President: “With one immediate exception, Trump’s predecessors made their way to high office through the passive power of whiteness—that bloody heirloom which cannot ensure mastery of all events but can conjure a tailwind for most of them…. No such elegant detachment can be attributed to Donald Trump—a president who, more than any other, has made the awful inheritance explicit…” https://www.theatlantic.com/magazine/archive/2017/10/the-first-white-president-ta-nehisi-coates/537909/
- Weekend Reading: Stanley Fischer (1973): Chicago Undergraduate Macro http://www.bradford-delong.com/2017/09/weekend-reading-stanley-fischer-1973-chicago-undergraduate-macro.htmll
- Weekend Reading: Lael Brainard: Understanding the Disconnect between Employment and Inflation with a Low Neutral Rate http://www.bradford-delong.com/2017/09/weekend-reading-lael-brainard-understanding-the-disconnect-between-employment-and-inflation-with-a-low-neutral-rate.html
- Comment of the Day: Charles Steindel: INTERMEDIATE MACROECONOMICS U.S. DASHBOARD: “That’s a reasonable set…” http://www.bradford-delong.com/2017/09/comment-of-the-day-intermediate-macroeconomics-us-dashboard-charles-steindel-said-thats-a-reasonable-set-you-mi.html
- Comment of the Day: kaleberg: INFORMATION TECHNOLOGY AND THE FUTURE OF SOCIETY: “The Vax mainframe had three big counts against it…” http://www.bradford-delong.com/2017/09/ready-to-go-comment-of-the-day-kaleberg.html