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Yes, starting this afternoon the transition will begin. It may mean no blogging this weekend, the first break we have taken from MR since the very beginning. It depends how long the transition takes, but possibly there will be no... Continue reading
Posted Mar 11, 2011 at Marginal Revolution
You will find a George Horwich paper here, gated to some of you. Here is a good paper on the political economy of earthquakes. Here is the famous paper on how Japanese cities recovered after Allied bombing. Here are Becker... Continue reading
Posted Mar 11, 2011 at Marginal Revolution
In 1984, Svensk Exportkredit launched a private placement of earthquake bonds that are immediately redeemable if a major earthquake hits Japan. Insurers in Japan bought the bonds agreeing to accept lower than normal coupons in exchange for the right to... Continue reading
Posted Mar 11, 2011 at Marginal Revolution
I take these points to be a jumping off place for thinking about computers and future economic growth, and wages, more generally. The AI revolution basically came first to chess! Of course chess is sustained by a mix of donations,... Continue reading
Posted Mar 11, 2011 at Marginal Revolution
The author is Gordon C. Bjork and the subtitle is Structural Change and the Slowdown of U.S. Economic Growth. I recommend this not-so-well known book, first published in 1999, very highly. Among its other merits, it traces how much of... Continue reading
Posted Mar 11, 2011 at Marginal Revolution
Ezra's post is worth reproducing (after the intro) in full: ...here’s a list of mistakes that I think economists and people who are heavily influenced by economists tend to make when they look at politics. I should preface this by... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
Posted Mar 10, 2011 at Marginal Revolution
If Allegiant Air gets its way, you might be able to purchase a ticket where the final cost would rise and fall with the price of jet fuel. For the Las Vegas airline, it's another way, besides higher fares and... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
Michael A. asks me: As always, appreciate all your prodigious information output. I am traveling to Costa Rica this summer and was wondering if you might be able to give me any info about Best of Costa Rica -- specifically... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
Applying Carroll’s theories to Britons, you understand why foreigners think we are repressed. Americans won’t touch strangers, the French won’t talk to them, but Brits will neither touch nor talk to them. Here is more. Continue reading
Posted Mar 10, 2011 at Marginal Revolution
Since he was "discovered" in 1996, Tokuda has emerged as a major player in Japan's emerging adult movie genre known as "elder porn." He says he has appeared in more than 350 films such as "Prohibited Nursing" and "Maniac Training... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
1. Page numbers are for wussies. 2. First chapter of Agnar Sandmo's Economics Evolving: A History of Economic Thought. 3. Via Chris F. Masse, life imitates art? 4. The pirate non-tragedy of the commons. 5. How much is the minimum... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
It has slipped off the front page, but the underlying problems are not solved: The cost of borrowing for Portugal, Ireland and Greece has hit euro-era highs, amid concern in the market that European leaders will fail to take concerted... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
For real, hat tip goes to Bamber. It takes on the facial characteristics of whomever you are speaking to (with a camera intermediary) and it is "based on a larger robot created by Professor Hiroshi Ishiguro." When asked how he... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
Slocum writes: Nonetheless it is naive to think spending cuts can do the job alone, and insisting on no tax hikes drives us faster along the path of fiscal ruin. This is a political, not economic judgement on Tyler's part... Continue reading
Posted Mar 10, 2011 at Marginal Revolution
Chili or Mexican food would be ideal. Thanks in advance for the help... Continue reading
Posted Mar 9, 2011 at Marginal Revolution
From David Brooks's new blog: What do you do after your party wins an election? In a forthcoming study for the journal Computers in Human Behavior, Patrick Markey and Charlotte Markey compared Internet searches in red and blue states after... Continue reading
Posted Mar 9, 2011 at Marginal Revolution
1. Is traditional publishing really dead? 2. Is the euro really dead? (Too much on stocks, not enough on flows, to convince me.) 3. Is the stamp really dead? (aka: the culture that is Sweden) 4. Cooperating elephants, and more... Continue reading
Posted Mar 9, 2011 at Marginal Revolution
Tyler Cowen makes up long lists of the blind spots of left-leaning economists and right-leaning economists. If I were asked this question, I would boil my answers down to one suggestion for each. What I think left-leaning economists should do... Continue reading
Posted Mar 9, 2011 at Marginal Revolution
T., a loyal MR reader, asked for a compendium. This is my off-the-cuff list, but in the interests of fairness I'm doing one on market-oriented economists as well. What are some of the common views found on the left which... Continue reading
Posted Mar 9, 2011 at Marginal Revolution
This is a companion piece to my post on left-wing economists; see the caveats in that post. Not everyone commits these, nor are the associated conclusions necessarily false, nor am I postulating any equivalence of mistakes across the two groups.... Continue reading
Posted Mar 9, 2011 at Marginal Revolution
You will find it here, with contributions from Viral Acharya, Scott Sumner, Hal Varian, and Paul Seabright. From elsewhere, Noah Smith cautions economists not to invoke technology too often. Brad DeLong chimes in. From a few years ago, Austan Goolsbee... Continue reading
Posted Mar 8, 2011 at Marginal Revolution
1. There is no great stagnation. 2. 88 percent of Bavarian doctors have prescribed placebos. The study (in German) is here. 3. The culture that is Japan language of decay. 4. "The search for mud is simple." 5. "The Ashtray... Continue reading
Posted Mar 8, 2011 at Marginal Revolution
Annie Lowrey asks: But providing an alternative measure of what we produce or consume based on the value people derive from Wikipedia or Pandora proves an extraordinary challenge—indeed, no economist has ever really done it. Brynjolffson says it is possible,... Continue reading
Posted Mar 8, 2011 at Marginal Revolution
"I’m one of the few people who went to Washington to get out of politics." Can you guess who said it? Hat tip goes to Felix Salmon. Continue reading
Posted Mar 8, 2011 at Marginal Revolution