Must- and Should-Reads: October 12, 2017
- Karl Smith: Pax Sinica: What Is To Be done?: “Tyler Cowen reminds me of an issue I used to think a lot about…
- Tim Duy: Kevin Warsh, Very Serious Person: “Scott Sumner is perplexed by… Kevin Warsh[‘s in 2010]…
- Vitor Gaspar and Mercedes Garcia-Escribano: Inequality: Fiscal Policy Can Make the Difference: “Income inequality among people around the world has been declining in recent decades…
- Jörg Mayer: Industrial robots and inclusive growth: “Robots are not yet suitable for a range of labour-intensive industries…
- Justin Fox: Nobel Winner Richard Thaler’s Savvy, Calculating Insurrection: “‘Dumb stuff people do’ was an expansion, not a rejection, of mainstream economics…
- Michael Strain: Republicans, It’s Way Past Time for a Real Tax Plan – Bloomberg: “The way to keep critics from assuming the worst about your intentions is to say exactly what you want to do…”
- Paul Krugman: Rationality and Rabbit Holes: “Like the vast majority of economists, I was delighted to see Richard Thaler get the Nobel…
- Paul Krugman: Why Do You Care How Much Other People Work? Revisited: “Greg Leiserson has an interesting post on assessing tax reform, in which he argues that distribution tables… https://krugman.blogs.nytimes.com/2017/09/25/why-do-you-care-how-much-other-people-work-revisited/
- Noah Smith: Defending Thaler from the guerrilla resistance: “This… by Kevin Bryan… [who] instead of explaining Thaler’s research, Kevin decided to challenge it, in a rather dismissive manner…
Interesting Reads:
- Richard Thaler: Anomalies Columns
- Barry Ritholtz: Understanding What Makes Vanguard So Successful: “Low costs help, but that’s only part of the explanation…”
- Agnel Philip: Krugman Says Potential Fed Chair Warsh Is ‘Wrong About Everything’: “‘It’s kind of almost awesome. You could almost make money by taking whatever he thinks is going to happen and betting the other way’, according to Krugman. A spokesman at the Hoover Institution, where Warsh is now a fellow, did not immediately respond to a request for comment…”
- Naftali Tishby, Fernando C. Pereira, and William Bialek (1999): The information bottleneck method: “We define the relevant information in a signal x ∈ X as being the information that this signal provides about another signal y ∈ Y…. Understanding the signal x requires more than just predicting y, it also requires specifying which features of X play a role in the prediction. We formalize this problem as that of finding a short code for X that preserves the maximum information about Y…”
- Eric Martin, Josh Wingrove, and Andrew Mayeda: U.S. Offers Proposal That Could Kill Nafta in 5 Years: “‘Sunset clause’ requires nations to decide to maintain accord. Canada, Mexico say measure would create business uncertainty…”
- MSRI: Celebration of Mind 2017: Math, Magic, Puzzles, Games!
- Dona Hathaway and Scott Shapiro: What Realists Don’t Understand About Law: “There’s nothing more realistic than realizing that national interests aren’t just about power, geography, and great men…”
- Heather Boushey: Viewpoint: Don’t repeal and replace D.C.’s paid leave act
- Martin Wolf: The Fed is treading a fine line on monetary tightening: “Kevin Warsh… stated in March 2010 that ‘I don’t think we should be complacent about inflation risk’. That misjudgment should rule out his candidacy…”
- Three, Four… Many Secular Stagnations!
- David Warsh: Going West: “Before there was Walter O’Malley, there was Kenneth Arrow…”
- Paul Romer (2015): Stigler Conviction vs. Feynman Integrity
- Stephen Maurer: On the Shoulders of Giants: Colleagues Remember Suzanne Scotchmer’s Contributions to Economics
- William Darity: WILLIAM JULIUS WILSON, More Than Just Race: Being Black and Poor in the Inner City: “The New (Incorrect) Harvard/Washington Consensus on Racial Inequality…”