"Shifting visions of the good job"
We want to remain close to family, friends, workplaces and cultural amenities. Even technology doesn't change this, and broad transportation options have become increasingly limited.
For India, the war on informality has become a war on the economy.
"A UBI in its most basic form would be massively expensive yet do little to reduce inequality or advance opportunity."
Which politicians are still willing to defend free trade?
Regarding the Phillips Curve:
"When you estimate a demand curve without being able to identity shifts in demand, you are not estimating a demand curve, you are estimating a reduced form that combines - and fails to identify or distinguish between - both demand and supply."
"The True Toll of the Trade War"
Mapping out racial diversity
China sales to the rest of the world have more than offset losses in exports to the U.S.
Both China and India have been building internal supply chains.
How might the Fed respond to dollar dominance?
"Most of these malls shut down because of the roof."
Telemedicine has come a long way.
David Beckworth and Alex Tabarrok discuss long term growth prospects and economic dynamism.
What other policy framework would exist around universal basic income? It can't be realistically discussed in isolation.
"We are part of the equilibrium."
Ben Ramanauskas reviews The Technology Trap.
"Is the US Economy having an Engels' Pause?"
Tim Harford explains the logic of holiday timing.
Taxing robots would be a quick route to quashed innovation and progress.
"The term 'sterilization' refers to policies that cause newly injected money to be set aside as a store of value, rather than circulate as a medium of exchange. One can think of IOR as a policy where the Fed pays banks to hold the new money being injected into the economy, rather than have it move out into circulation."
In spite of our efforts to "stay young",
"Repeated periods of poverty can accelerate the ageing process."
Trump has caused problems for the U.S. when it comes to trade.
The Book of Why is also an argument for philosophical persuasion.
"Modern machines...are nothing like our minds."
Bruce Bartlett explains how Keynes was a conservative.
What is happening to wages? Much depends on methodological choice.
Brookings: "...an increase in interest rates is not necessary to generate the decline in future national income."
"Who are the biggest exporters?"
Binyamin Applebaum talks about his new book with James Pethokoukis.
The successful continuation of tacit knowledge is another good argument against centralization.
Yet the ability to transmit visually apparent tacit knowledge at scale is quite recent.
Recent decades have seen considerable economic divergence between Democrats and Republicans.
"...productivity growth tends to be lower when interest rates fall."
For now the dollar remains dominant.
Diane Coyle highlights a great quote from Elinor Ostrom.
"...the days of entering a hospital without security clearance will soon seem as quaint as walking a family member to an airport terminal."
"In nominal terms (measured at current exchange rates), the Chinese economy is only about two-thirds the size of the US economy. In purchasing power parity terms (adjusting for differences in prices), the Chinese economy is actually larger than the US economy. That's because China has much lower prices."
"Stake out the street grid; separate public from private space; and leave room for what's to come. Then let the free market take over."
Documenting national industry concentration in services.
Allison Schrager defends economics.
In this short clip, Paul Romer explains how the importance of economic growth, is really about growth in value. Some thoughts: Quality product has yet to be distinguished from growth in terms of output versus nominal gains. Might some aspects of quality product negatively impact long term growth and productivity? How to know whether GDP gains from quality product contribute to economic dynamism? To what extent might aggregate output be the most important form of long term growth, for market representation?
When it comes to monetary policy, the size of a country matters.
The old conservatism versus the new conservatism.
"Ironically, despite the expense of owning a car, going carless in America often requires having money".
"It is the scarcity of physical objects and the potential for conflict that such scarcity creates that is at the heart of why we have private property at all." Granted, there's strong rationale to make knowledge non rival. However, imposed artificial scarcity is still an institutional response to real scarcities of place and time, for high skill time based product. Perhaps a better way to build continuum for knowledge in non rival context, is seeking out settings which greatly reduce the costs of space and time constraints.
Philadelphia as a microcosm of income variance.
"When an additional 1% of income goes to the top 20% of income earners, GDP falls. But when the same gains are made by the bottom 20%, GDP rises."
"Moving the needle" on progress.
The Constitution can't save democracy, but citizens can.
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