Tag: roundup

• Martin Sandbu: Globalisation Will Survive: “The emerging world has both a deep interest in keeping globalisation going and greater power to defend it than ever before…
• Ezra Klein: The GOP Health Bill Doesn’t Know What Problem It’s Trying to Solve: After seven years of drafting a replacement plan, we get… this?…
• Aaron Carroll: The Republicans’ “American Health Care Act”: “I’m trying to describe the bill in a few words as I can manage…
• Bill Emmott: Populism Versus Prosperity: “The Wake Up 2050 Index ranks the 35 mainly advanced-country members of the OECD according to their preparedness in five areas…

Interesting Reads:

• David Anderson: Essential Health Benefits are where the money is: “If we want to reduce premiums there are two things that can be done. First is to pay providers less per service and have them do fewer services. That most likely means narrower networks and more pre-authorizations and denials. Secondly, cover less either by increasing cost sharing or eliminating categories of EHBs. EHB’s are where the money is…”
• Dylan Matthews: Republican Health Care Bill Will Cost 6 to 10 Million People Health Insurance: “‘The reason the number is 4 million to 6 million and not higher is that we assume the bigger states like New York and California cover from their own pockets in the future’, Banerjee says. But poorer states with smaller tax bases—such as Kentucky or West Virginia—will find it harder to maintain enrollment…”
• (2011): What Was Herbert Hoover’s Fiscal Policy?
• Guenther Roth: On Weber and Schumpeter
• (2016): Populist Backlash and Political Economy
• I Have a Weblog!: Productivity! and Polanyi!
• 2007-10-02 Karl Polanyi Lecture
• (2014): Notes for “Introduction to Economic History”: What Is the Point of This?
• Adam Tooze: Explaining Brexit and Trump: Search for a Method
• (1901): Kaiping Mines: Memorandum of Agreement
• Christiane Baumeister, Lutz Kilian, and Xiaoqing Zhou: Is the Discretionary Income Effect of Oil Price Shocks a Hoax?
• Reading: Sidney Blumenthal (2017): Wrestling with His Angel, 1849-1856: The Political Life of Abraham Lincoln, vol. 2
• Live from Inside the Skull: Hannah Devlin: Ancient technique can dramatically improve memory, research: “Cultivating a ‘memory palace’ can make long-lasting improvements to recall…

• Jared Bernstein: Clashing with the Fed: Should they stay or should they go?: “Should the Fed raise their benchmark interest rate at their meeting later this month?…
• Jonathan Chait: Obamacare-Repealer Explains Poor Don’t Want to be Healthy: “Representative Roger Marshall is a Kansas Republican…
• Angus Deaton: Rent Seeking: “What is not OK is for rent-seekers to get rich…
• Sidney Blumenthal (2017): Wrestling with His Angel, 1849-1856 <http://amzn.to/2mgAPd9>: “Lincoln had no expectation that restoring the Missouri Compromise would ever occur…
• Peter Temin: The Vanishing Middle Class: Prejudice and Power in a Dual Economy: “The middle class, defined as households earning from two-thirds to double the median American household income… <http://amzn.to/2mlKfpH>
• Elise Gould: The State of American Wages 2016: “More broadly, shared wage growth from 2015 to 2016 does little to reverse decades of rising inequality…
• Bernie Sanders: Civil Discourse: “We face a very serious political problem… manifested… by Amber Phillips of The Washington Post…
• Frank Hyman: The Confederacy Was a Con Job on Whites. And Still Is.: “I’ve lived 55 years in the South, and I grew up liking the Confederate flag…

Interesting Reads:

• Zeng Guofan | Li Hongzhang | Zuo Zongtang | Tongzhi Restoration
• Takashi Negishi (根岸隆)
• Jason Kottke: A neuroscientist explains a concept at five different levels
• Harald Felgner: The Tweeted Times
• Cosma Shalizi (2012): In Soviet Union, Optimization Problem Solves You
• John Maynard Keynes (1938): John Maynard Keynes’s Private Letter to Franklin Delano Roosevelt of February 1, 1938
• Paul Krugman: A Party Not Ready to Govern: “A Trump confidante says the man… is ‘tired of everyone thinking his presidency is screwed up’. Pro tip: The best way to combat perceptions that you’re screwing up is, you know, to stop screwing up. But he can’t, of course. And it’s not just a personal problem…”
• Justin Fox: Science Is Elitist for a Reason: “The academy of the 1700s definitely was elitist. It was also admirably oriented toward results…. Elitism seems essential to successful science. The key is… elitism in the service of better science…”
• Claudio Borio: Secular Stagnation or Financial Cycle Drag?
• Laura Tyson and Lenny Mendonca: The Pie-in-the-Sky UBI
• 2013: The Ideal Place to Read Francis Spufford’s “Red Plenty”… | Francis Spufford (2010): Red Plenty (London: Faber and Faber) http://amzn.to/2n3BfTq | Cosma Shalizi (2012): In Soviet Union, Optimization Problem Solves You http://crookedtimber.org/2012/05/30/in-soviet-union-optimization-problem-solves-you/ | Cosma Shalizi (2012): The Impossible Takes a Little Longer http://bactra.org/weblog/919.html
• Jo Walton: Complicity and the Reader
• Wikipedia: History of Coal Mining
• Reading: Peter Temin: The Vanishing Middle Class: Prejudice and Power in a Dual Economy: “The middle class, defined as households earning from two-thirds to double the median American household income… http://amzn.to/2mlKfpH
• Reading: Robert Allen (2009): The British Industrial Revolution in Global Perspective
• Briefing: Elise Gould: The State of American Wages 2016: “More broadly, shared wage growth from 2015 to 2016 does little to reverse decades of rising inequality…
• Trade Deals and Alternative Facts: No Longer Fresh at Project Syndicate
• Live from Science: Jason Kottke: A neuroscientist explains a concept at five different levels: “Wired recently challenged neuroscientist Bobby Kasthuri…
• Weekend Reading: John Maynard Keynes (1938): Private Letter to Franklin Delano Roosevelt of February 1, 1938
• Weekend Reading: Rosa Luxemburg (1918): The Russian Revolution: The Problem of Dictatorship
• Weekend Reading: Daniel Davies (2012): New Ideas From Dead Political Systems
• Weekend Reading: Cosma Shalizi (2012): In Soviet Union, Optimization Problem Solves You
• For the Weekend…: Kristen Wiig: Comedians In Cars Getting Coffee

• Sarah Perry: The History of Fertility Transitions and the New Memeplex: “European cultures have historically prevented people from restricting family size within marriage…
• Jared Bernstein: Inflation?! We ain’t got no stinkin’ inflation!: “The core PCE deflator rose at an annual rate of only 1.2 percent in 2016Q4…
• Rod Dreher: Life In ‘The City Of Rod’][]: “More [from Elizabeth Stoker Bruenig]…:
• John Maynard Keynes (1941): Keynes on the Limits of Econometrics: To Koopmans: “Many thanks for sending me your article. I enjoyed it very much…
• Richard Lipsey: The Phillips Curve and an Assumed Unique Macroeconomic Equilibrium in Historical Context: “So we seem to have gone full circle from the early Keynesian view…
• Clare McCann: The False Promises of Online Education: “Caroline Hoxby found that online education may not be the ‘low-cost, high-quality’ opportunity many say it is…
• Simon Wren-Lewis: A Self-Fulfilling Expectations-Led Recession?: “I acknowledge that macro rightly got a lot of stick by largely ignoring the role of finance…

Interesting Reads:

• Kathleen Hays et al.: Economic Policy
• Eduardo Porter: Shaky Jobs, Sluggish Wages: Reasons Are at Home
• Wikipedia: Four Horsemen (Supreme Court)
• John Maynard Keynes (1932): The Mammon of Unrighteousness
• 2013: The Hoover Administration Was “Liquidationist”; Hoover Himself Was Merely Anti-Keynesian
• Julian Day: Alexander Nevsky (or the Russians are coming!!)
• Max Weber: Only If One Takes the Semblance of Peace for Its Reality Can One Believe that Peace and Prosperity Will Emerge
• Jason Kottke: OJ: Made in America is about more than just OJ
• Sarah McBride: Why It’s So Hard to Build the Next Silicon Valley: Google brought its high-speed internet to Kansas City, but it didn’t turn the city into a tech paradise.
• Mark Thoma: The Real Test for the Republican Health Care Plan: “The real test will be how the proposal affects people who cannot afford health insurance. Will they be helped or hurt? The answer seems preordained…”
• Douglas L. Campbell and Ju Hyun Pyun (2015): The Diffusion of Development: Along Genetic or Geographic Lines?
• Rethinking Productivity Growth: Fresh at Project Syndicate
• Reading: Nathan Nunn (2008): The Long-Term Effects of Africa’s Slave Trades
• Live from America’s Better Self: Heather Boushey: Winning Change for Women & Families: “Wed, Mar 1 5:30 PM The Bentley Reserve San Francisco, CA, United States…
• John Taylor vs. Janet Yellen in Early 2009 Edition: Hoisted from the Archives
• (Late) Monday Smackdown: In Which I Am Annoyed at Being Paired with John Taylor

• Kevin Drum: WSJ: Republicans Give Up, Admit They Can’t Create a Non-Appalling Health Care Plan: “There you have it…
• Nick Crafts: Whither Economic Growth?: “Only yesterday… the so-called new economy was ascendant…
• Must-Read: Heather Boushey: The Fix: How Nations Survive and Thrive in a World in Decline: “Peter Temin’s… The Vanishing Middle Class…. argues that the distribution of gains from economic growth today…

Interesting Reads:

• David Anderson: 218 in the House: “Harris Meyer: ‘Source said Rs will hold hands and jump off the cliff, someone called it the Thelma and Louise plan…'”
• Chris Blattman: Why I’m a Universal Basic Income skeptic, especially for poor countries
• Gavyn Davies: Whatever happened to secular stagnation?
• Olivier Blanchard: Self-fulfilling pessimism
• Sluggish Future: Over at Finance and Development

• Simon Wren-Lewis: The academic consensus on austerity solidifies, but policymakers go their own sweet way: “Any fiscal expansion in the US would not be for Keynesian reasons…
• Barry Eichengreen et al.: On the fickleness of capital flows: “According to conventional wisdom, capital flows are fickle…
• Marco Buti and Karl Pichelmann: European integration and populism: Addressing Dahrendorf’s quandary: “With its current competences lacking the ability to address distribution effects…

Interesting Reads:

• Timothy L. O’Brien: Trump Can’t Seem to Shake Those Russia Problems
• Arvind Subramanian: The WTO Reborn?
• Cate Huston: Women in Silicon Valley react to allegations of sexism at Uber: “I’m always a little surprised when women speak publicly because the cost of that is so high. Am I ever surprised of that stuff happening? No. Was I surprised that it was happening at Uber? Hell no.… Are these people living under a rock?”
• Noah Smith: The Myth of the U.S. Immigration Crisis
• Josh Brown: To my Jewish, Irish, Asian and Italian friends: “I work on Wall Street and live on Long Island. I am surrounded by people who can’t recognize how recently their own ancestry and ethnicity would have been a problem for them. Are you one of them? If so, I hope this hits close enough to home so as to awaken you from your contented slumber.”
• Anne Laurie: It’s All Fun & Games, Till Your Constituents Realize You’re Trying to Kill Them
• Prakash Loungani and Jonathan D. Ostry: The IMF’s Work on Inequality: Bridging Research and Reality
• Marc Levinson: How economic boom times in the West came to an end
• Martin Wolf: Simple-minded economics distorts the debate over education: The idea of a market-driven university system is a disaster waiting to happen
• Anatole Kaletsky: Tony Blair’s Democratic Insurrection
• Professor the Baroness Wolf of Dulwich et al.: Remaking Tertiary Education: Can We Create a System that Is fair and Fit for Purpose?
• Martin Wolf: Uses and Abuses of Economics in the Debate on Universities
• Reading: Dietz Vollrath (2017): Who Are You Calling Malthusian?
• (Pre) Weekend Reading: Robert Penn Warren: Perhaps the Greatest Political Set Piece in All American Literature…
• Major Malinvestments Do Not Have to Produce Large Depressions

• Dani Rodrik: Global Citizens, National Shirkers: “I know what a ‘global citizen’ looks like…
• Raj Chetty et al.: Mobility Report Cards: The Role of Colleges in Intergenerational Mobility: “We characterize rates of intergenerational income mobility at each college in the United States using administrative data for over 30 million college students from 1999-2013…
• Jim Tankersley: Obama solved one economic crisis. It’s the second that haunts him: “If you worked a factory shift in Michigan in January 2009…
• Must-Read: Noah Smith: On Twitter: A Haiku for Humanity: “For a brief summer/We were valuable as/Microcontrollers”

Interesting Reads:

• Jonathan Chait: Paul Ryan’s Dream of Tax Cuts for Rich Will Not Be Denied: “Republicans have control of Congress, and even if nothing else comes out of it and everything else falls part, the richest one percent are going to get paid…
• Brian Buetler: The Great Government Breakdown Has Begun: “Trump is exercising zero restraint, and Republicans aren’t stopping him. Four years from now, the damage might be irreparable…
• Reading: Sukkoo Kim (2006): Division of Labor and the Rise of Cities: Evidence from US Industrialization 1850-1880
• Reading: Alexander Klein and Nicholas Crafts (2015): Agglomeration Economics and Productivity Growth, U.S. Cities, 1880-1930
• Reading: Richard Hornbeck and Daniel Keniston (2014): Creative Destruction: Barriers to Urban Growth and the Great Boston Fire of 1872
• Reading: Hoyt Bleakley and Jeffrey Lin (2012): Portage and Path Dependence
• Lincoln’s Birthday Blogging
• On Marc Levinson and His “The Box That Changed the World”: Hoisted from the Archives
• Let’s Think Harder About the Role of Globalization in Wage Stagnation
• Monday Smackdown: Hoisted from the Archives: Levitt and Dubner’s “Superfreakonomics”: The Parable of Horseshit
• Twenty-First Century American Nationalism Needs to Be Profoundly Cosmopolitan

• Robert Waldmann: Marking My Beliefs To Market: UK Violent Crime: “The lead causes crime hypothesis…
• Wing Thye Woo: China’s Growth Odyssey: “Former World Bank Chief Economist Justin Yifu Lin is sanguine…
• Colin Camerer: On “Rational Expectations” and John Muth: “Rational expectations pioneer John Muth in 1984…
• Nick Timiraos: Trump Team’s Growth Forecasts Far Rosier Than Those of CBO, Private Economists: “While there are often disparities between the White House and independent agencies on growth projections, they are rarely this large…
• Caitlin Macneal: Perry Didn’t Fully Understand Role Of Energy Secretary At First: “Former Texas Gov. Rick Perry did not realize exactly what the position of energy secretary entails…
• Robert Waldmann: Buchanan, Smith, and Krugman: “There is no reason why macroeconomists can’t work on empirical microeconomics while also using old Keynesian models for forecasting and policy advice…
• James Kwak: Health Care and John D. Rockefeller’s Dog: “Few people actually want to live in a world where health care is distributed by a free market…
• Kevin Drum: Charts of the Day: If Only Every State Could Be As “Out of Control” As California: “I feel like someone ought to defend the honor of California against our president, so why not me? Here you go…
• Ruy Teixeira: The Optimistic Leftist: “A new utopian vision for the left’s emerging coalition will… include…

Interesting Reads:

• Noah Smith: Why Go After Milton Friedman?: “Why not leave Friedman alone and just talk about his ideas?…
• Carl Bildt: Restoring Faith in Globalization
• Tyler Cowen: Industrial Revolution Comparisons Aren’t Comforting
• Herbert Simon (1978): Rationality as Process and as Product of Thought
• Sidney Blumenthal (2017): Wrestling With His Angel: The Political Life of Abraham Lincoln Vol. II, 1849-1856 (New York: Simon & Schuster: 1501153781) <http://amzn.to/2lhJUlq>
• ** Emotional Labor
• David Sirota: Republicans Boost Wall Street Donors, Help Finance Industry Stop States From Offering Retirement Assistance To Workers
• Sidney Blumenthal: [A Short History of the Trump Family][]
• For the Weekend…: Hindenburg Explosion
• Live from the Mass Media: Bloomberg: DeLong Says Trump’s Tax Cuts Will Raise Demand for U.S. Dollars: “Berkeley professor Brad DeLong says Donald Trump’s big tax cuts will raise demand for U.S. dollars worldwide…
• Reading: E. M. Halliday (2001): Understanding Thomas Jefferson
• Live from the Orange-Haired Baboon Cage: Josh Marshall: About ‘The Press Conference’: “This is that rare time when I think the cliched phrase is appropriate: That press conference speaks for itself…

• Martin Sandbu: Donald Trump’s Love of Manufacturing Is Misguided: “Donald Trump and his economic team love manufacturing…
• Nick Bunker: What’s Behind the Decline in U.S. Interest Rates?: “Eggertsson, Mehrotra, and Robbins decompose the roughly 4 percent decline in the natural rate of interest since 1970…
• Richard Baldwin: Trump’s Anachronistic Trade Strategy: “Trump has aggressively lashed out against globalization…
• Tirthankar Roy: Were Indian Famines ‘Natural’ Or ‘Manmade’?: “I review the theories of Indian famines and suggest that a mainly geographical account…
• David Anderson: A BFD that Passed amongst the Chaos: “Repeal and Replace or Repeal and Delay and Pray is dead…
• Charles Wyplosz: When the IMF Evaluates the IMF: “Two critical mistakes are not mentioned…
• Ben Thompson: DistroKid, The “Publisher’s Right”, Shopify’s Results: “As I’ve noted… the old value chain had three parts: supply — distribution — demand…
• David Anderson: Governing Is Hard: “The Republican Party has an ACA problem.  The ACA is deficit reducing…

Interesting Reads:

• Jurgen Habermas: The Structural Transformation of the Public Sphere: An Inquiry Into a Category of Bourgeois Society (Cambridge: MIT Press; 0262081806) <http://amzn.to/2kYHbPt>
• * Michael C. Desch, ed.* (2016): Public Intellectuals in the Global Arena: Professors or Pundits? (South Bend, IN: University of Notre Dame Press:0268100241) <http://amzn.to/2kvYOr7>
• Peter Fritzsche (2016): An Iron Wind: Europe Under Hitler (New York: Basic Books: 0465057748) <http://amzn.to/2kErdH0>
• Peter Turchin and Sergey A. Nefedov (2009): Secular Cycles (Princeton: Princeton University Press: 0691136963) <http://amzn.to/2kvXWmI>
• Jason Long and Joseph Ferrie: Intergenerational Occupational Mobility in Great Britain and the United States since 1850
• Martin Sandbu (2015): Europe’s Orphan: The Future of the Euro and the Politics of Debt (Princeton: Princeton University Press: 069116830X) <http://amzn.to/2kvemXt>
• Paul Blustein (2016): Laid Low: Inside the Crisis That Overwhelmed Europe and the IMF (New York: CIGI Press: 1928096255) <http://amzn.to/2kvpWlz>
• Live from the Orange-Haired Baboon Cage: Duncan Black: Does No One Tell Him?: “Constant lying… about his massive electoral college victory…
• (Early) Monday Smackdown: Outsourced to Kevin Drum
• (Early) Monday Smackdown: Garland Tucker: If We Don’t Honor John C. Calhoun, We Will Forget How Awful He Was
• Is It Good If Your Work Becomes More Valuable?
• Live from Inside the Nazi War Machine: Among the most interesting documents from the Third Reich: Franz Halder: Diary
• Economic Change and “Technological” Change…

• Tim Duy: Fed’s Bullard Knows His Treasury Yield Curve: “Having tipped their toes in the water with two interest-rate hikes…
• Morgan Kelly and Cormac Ó Gráda (2016): Adam Smith, Watch Prices, and the Industrial Revolution: “Watches were the first mass-produced consumer durable…
• Anton Cheremukhin et al. (2013): Was Stalin Necessary for Russia’s Economic Development?: “We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913…
• Peter Orszag: Here’s How Trump Will Change Obamacare: “I expect to see Republicans stage a dramatic early vote to repeal…

Interesting Reads:

• Jean Dreze and Amartya Sen: Hunger and Public Action: China and India
• Luis Bértola and Jeffrey Williamson: Has Latin American Inequality Changed Direction?
• Barbara Lewis Solow: British capitalism and Caribbean slavery : the legacy of Eric Williams
• Ian Buruma: The New Anti-Semitism
• Jason Furman: Border Adjustment as Tax Policy and as Macroeconomic Policy
• Live from the Trade War: What Trump Gets Wrong About Nafta: Everything!
• Live from the Trade War: Full Show: What’d You Miss? (02/13): In which I defend NAFTA…
• A Beat Sweetener for Gary Cohn!: Thuds and Screams from the Topkapi Palace
• Reading: Doug Staiger and James Stock (1997): Instrumental Variables Regression with Weak Instruments
• Reading: Morgan Kelly and Cormac Ó Gráda (2016): Adam Smith, Watch Prices, and the Industrial Revolution
• Reading: Robert Solow (1974): The Economics of Resources or the Resources of Economics
• Monday Smackdown: Carbon Tax Revenue Reversal Department