Wrap Up for April 2021

Were it not for the costs of housing, people would not be so food insecure in the first place.

A misunderstood - yet widely cited - article on the theory of the firm.

In monetary policy, Robert Mundell was "the most important proponent" of the price of money approach.

Plus, Paul Krugman describes Mundell's evolution in macroeconomic thinking.

The world economy is experiencing a two track recovery.

Might the global unrest be a prelude to even more destruction? "today's protests are generally not succeeding in forcing liberalization."

What parts of the globe have been most affected by the pandemic?

Bidenomics as a political movement.

Bradley Hanson's first impressions of Jonathan Levy's new book Ages of American Capitalism.

"Why are economists losing prestige?"

Noah Smith questions whether high speed rail is really feasible in the U.S.

Will the latest stimulus lead to a multiplier effect?

"Instead of emphasizing the failures of current systems, libertarian energies are now focused on the possibilities of entirely new ones."

Paul Graham explains why new companies can gain value so quickly.

"Business Exit During the COVID-19 Pandemic"

Covid is the exception, but what causes standard recessions?

And when it comes to maintaining velocity, central banks face the same essential challenge.

Cass Sunstein clears up some misunderstandings regarding regulation.

Russ Roberts discusses poverty with Mark Rank.

On hysteresis and the business cycle. "there's no such thing as a pure supply shock." However, is the divergence from trend in this discussion, actually overestimated?

"Winners of $20M contest make concrete to trap carbon dioxide."

In other good news, "A rediscovered forgotten species brews promise for coffee's future."

And, a farming robot uses lasers to eradicate weeds on approximately 20 acres per day.

The wage data is different this time.

"It is the self-deluding withdrawal from the international economy over the last 20 years that has failed American workers, not globalization itself."

"Emerging from the Great Stagnation"

A review of Arts and Minds by Anton Howes.

An alternative approach for stopping the next pandemic.

Identity politics has created even more difficulties for zoning reform.

News media is still evolving.

Sheriffs and ranchers are bedeviled by increased border migration.

Perhaps still relevant today: "Nine Principles of Policing from 1829"

A considered explanation of the New Right. "The enemies are well defined: Hayek and Friedman, Locke and Jefferson."

Are accelerated math classes associated with inequity?

Some global trends for the world of 2030.

Some cracks are showing in a seemingly stable facade.

3D printing and the housing shortage.

The changing nature of global dollar dominance.

Alas, better electrical infrastructure is no simple matter.

The public policy pretense of campaign cash is gone.

The knowledge gap impacted my office work expectations in the early nineties. Even though many of us had been using computers in our workplaces during the previous decade, we were not prepared for the new software which allowed professionals to take on what previously had been secretarial work.

Brookings on the 2020 census data release.

Nancy Qian explains why China isn't quite as wealthy as many imagine.