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http://www.marginalrevolution.com/marginalrevolution/ - Small steps toward a much better world.
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The new (old) labor market idea -- you can call it fifth best perhaps -- is hereditary jobs:
It is a problem many a company faces in these tough times: how to
replace older – and costlier – workers with younger, cheaper ones. A
Rome bank has what it thinks is the solution: to make the ...
Other
I have many favorite topics which I don't blog much or at all. One of these, taken from my time in Mexico, is the history of corn. I very much enjoyed this recent article on the topic . There is this good bit: The sequencing revealed that an astonishing 85 percent of the ...
Commodities
Corn
Genentech
Matt Yglesias writes :
The bill contains provisions that have front-loaded positive impacts on the deficit and also have provisions that have back-loaded positive impacts on the deficit. The bill, rather intelligently, seems to balance this out well leading to net deficit reductions in the ...
Other
Bill Clinton
marginalrevolution.com - 29 hours ago
—
marginalrevolution.com —
In pursuit of an Eagle Scout badge, Kevin
Anderson, 17, has toiled for more than 200 hours
hours over several weeks to clear a walking path in an east Allentown park. Little did the do-gooder know that his altruistic act would put him in the cross ...
(more)
Badges? We don't need no stinkin badges.
Comments
vote down
Coyote Blog
found this 29 hours agofound this
marginalrevolution.com - 38 hours ago
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marginalrevolution.com —
1. Air Genius Gary Leff is hailed by
CNN . 2. Good post on interest rates (though
I am not sure I agree with it). 3. The world's first native Klingon speaker ? 4. Spider silk tapestry .
(more)
Assorted links, second dose
A gang in the remote Peruvian jungle has been killing people for their
fat, the police said Thursday, accusing the gang’s members of draining
fat from bodies and selling it on the black market for use in
cosmetics... Three suspects have confessed to killing five people for their fat,
said Col. ...
Other
1. How much will U.S. taxes ever go up ?
2. Useful lateral thinking and how it is described by the lateral thinker . 3. The biological bases of business and entrepreneurship . 4. One hour show with me in Second Life ; they even did up a Tyler Cowen avatar. Other shows are here , ...
Other
As long as we are on the topic of slavery , why not consider fiction? This science fiction novel has an intriguing economic premise: you're born a slave and you're not free until you can buy yourself back from your owner (which may be a corporation). It may sound funny to think that a ...
Stocks
marginalrevolution.com - 45 hours ago
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marginalrevolution.com —
My fondest memory of Robin Hanson is when
we interviewed him for a job and, during his
on-campus visit, I gave him some papers I had been working on. Later he emailed me back, before getting the offer I might add, and told me the papers ...
(more)
In praise of Robin Hanson
1. Scott Sumner's most absurd belief: India as #1 in gdp by 2109 .
2. Click "play" and watch unemployment grow .
3. Who is Hollywood's most overpaid star, relative to box office returns ? Will Farrell is #1 it seems.
4. Markets in everything: NYC McDonald's with sleek ...
Other
1. "Self-recommending": the very nature of the authors and project suggest it will be good or very good. This also often (but not always) means I haven't read it yet. I am reluctant to recommend *anything* I haven't read, but I am signaling it is very likely ...
Other
Because the program would begin taking in premiums immediately
but would not start paying benefits until 2016, congressional budget
analysts have forecast that it would generate a nearly $60 billion
surplus over the next 10 years, cash that would help the larger
measure's balance on paper. Not ...
Other
Bill Clinton
marginalrevolution.com - 10 hours ago
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marginalrevolution.com —
That's the title of the new and self-recommending
book by Arnold Kling and Nick Schulz. This work
has text by the authors, interspersed with interviews with famous economists, including Robert Fogel, Robert Solow, Joel Mokyr, Doug North, Bill ...
(more)
*From Poverty to Prosperity* watch
Here is the abstract and it has to do with a Smithian theme, namely division of labor: Using the large variation in the inflow of immigrants across US states we analyze the impact of immigration on state employment, average hours worked, physical capital accumulation and, most importantly, ...
Other
I've been trying to find out what Obama ate in China and this is the closest I can come : "We're also hosting a 'Stars and Stripes' week featuring iconic
American cuisine," said a hotel spokesperson, who declined to give her
name due to company policy. "The White House guests ...
Government
Barack Obama
White House
I think of the biographer as standing up and demanding that economists take their own method seriously. Surely the economist should at some point be required to explain something in the life of an actual human being.
That is from my (favorable) review of E. Roy Weintraub and Evelyn ...
Other
marginalrevolution.com - 3 days ago
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marginalrevolution.com —
1. Strange China video of the day .
2. Do men live longer if they marry smarter
women ? (No, I haven't checked if the original paper deals with the identification problem in a reasonable way.) 3. Another review of *The Big Questions* . 4. Daron ...
(more)
Assorted links
The feverish but resilient Megan McArdle refers us to a problem in signaling theory :
Slate ponders how to communicate the danger of radioactive waste to the far future. The problem is, if they can't read English, or recognize the radiation trefoil, anything you do sounds more ...
Other
Sheikh Mohammed oversees a cadre of undercover mystery shoppers...They pose as prickly members of the public seeking the government's help. Their reports are instrumental in firings and promotions. No bureaucrat can be sure the demanding customer across the counter isn't ...
Commodities
Gold
Only in economics are floors above ceilings! It might be better to say "a minimum allowed price above the market price" and "a maximum allowed price below the market price," although that is a bit of a mouthful. I find that the floors and ceilings language does ...
