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Category Archive for 'Economists'

Readers who are following the adulation of Thomas Picketty’s Capital in the 21st Century do not need much information about the book.  One major theme of the book is that if the rate of return on “capital” exceeds the overall rate of return in the entire economy, then it follows that the rich and elderly gain in […]

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Not My Vox

Let me preface what I am about to write with an admission of some thoughts that have nagged me lately. Those thoughts include that I am increasingly sympathetic with leftist concerns about super-wealthy people and their outsized influence on the world  (won’t go into the reasons why at the moment). Let me also recognize that […]

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I recommend to all of you to read Vox, which is Ezra Klein’s new enterprise. It is definitely a progressive site, but if all you do is read sites you agree with a priori I’d suggest you’re not understanding the full picture of the ideas you care deeply about. The folks who write for Vox […]

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Walter was one of the most important economists of the latter half of the 20th century. and a pretty neat guy to boot. My colleague Steve Landsburg has penned a worthwhile appreciation of him here. Please do read it.  Here are some tidbits:  It was Walter who told me that when all frozen pies had […]

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Try this on for size: Evidence indicates that the price elasticity of demand for labor is quite high, at least 3. That is, an increase in average wages of 1% would lead to at least a 3% decline in the number of hours of work demanded by employers. Labor economists believe, however, that the price […]

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My friend John linked me up to this somewhat unnerving article. Without responding to the claims too harshly, let’s keep in mind some things: Students in almost any discipline learn very little of value while in class. And of what valuable stuff remains, almost none is retained for any considerable point in time. So, even […]

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Formerly known as our research roundup. In this paper Richard Freeman condemns the “virtues of labor market flexibility” because of the severe increase in, and persistence in, unemployment in the U.S. during the “Great Recession.” First, seeing  a paper from Freeman drawing this conclusion is about as surprising as Milton Friedman suggest that free-markets work […]

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Stunningly Honest Perhaps

A former student sends me this short piece from the great Krugman:  I realize how lucky I am to have reached a place where I’m no longer in the rat race … But there are no promotions I’m seeking, no honors I desperately desire that I don’t already have … no more steps to climb, […]

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Thanks again to all of you for reading over the years. While I am not shutting the site down, I do not plan to post much anymore (there will be some from time to time for sure). And it is surely not because there’s not a lot to say. I’ll be writing in other places […]

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Woot, I Suppose

Via Kurt Schuler: A link from Marginal Revolution took me to a paper called “An Empirical Guide to Hiring Assistant Professors in Economics.” It is as interesting for what it doesn’t say as for what it does. It concludes that “top 30″ Ph.D. programs in economics, which accept a bunch of quite bright college graduates […]

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