Tuesday, October 31, 2023

Wrap Up for October 2023

Some noteworthy books on economic history.

Regulations often result in prohibitive costs, in part because they tend to benefit the elites.

There is still a role for storytelling in economics.

Brian Albrecht highlights some of Claudia Golden's work which won her this year's economics Nobel. More on Claudia Golden from Timothy Taylor. Here's the press release from the Nobel Committee. Noah Smith also provides numerous references.

Is the poverty line an arbitrary measure that is actually holding us back?

"Why are we losing the bottom rung of the ladder in housing and cars alike?"

A visual of different global investment risks.

Intergenerational mobility continues to decline.

The pandemic didn't notably change our present slow growth trajectory.

Which has proven more effective for homelessness: "treatment first", or "housing first"?

Vitalik Buterin's recent example of intentional community. Previously I've written about domestic summits, as a potential sorting mechanism for start ups in common interest communities. In particular, such groups could more fully integrate personal time commitments as economic values in daily life.

Normally, monetary cycles tend to have a "longhorn" shape.

How did the population of Gaza end up in such dire circumstance, in the first place?

The growing popularity of citizens' assemblies.

"Alexandra Hudson on the Soul of Civility."

Tactical errors were made. But strategic errors were also made. There is still insufficient symmetry.

Debt service will likely reshape fiscal politics. And more on the current $2 trillion deficit.

An update for global recovery.

Roads have been quite beneficial, but they still have costs.

The WTO takes on arguments against globalization (Timothy Taylor).

Some illustrations for what has been an unusual recession and recovery.

A needed reminder that free markets are also conducive to housing density.

Will trade continue to grow between the U.S. and China?

Aging populations don't necessarily have to be an economic problem. Likewise, "Demography is not destiny".

This time around, the bond vigilantes seem to be more relevant.

Happiness is a subjective - yet important - economic factor.

There's a difference between the concept of "bureaucracy" and what a civil service actually consists of.

Confusion about real estate "bubbles" is one aspect of what we don't really know about macroeconomics.

Can workers still expect above average wage increases in 2024?

How might the use of knowledge change, if it is envisioned as a journey rather than an end?

Comparing output per hour for the European Union versus the U.S.

Houston public school administration was recently taken over by the state.  This seems problematic to me on several levels. For one, consider the degree of local taxation without representation that's involved. Texas has high property tax requirements, much of which is slated for public education.

"How do you respond to the intolerant when you believe tolerance is a virtue?"

A visualization for monetary outcomes in the U.S. and the EU.