Marginal Revolution Media Bias

My St. Andrews talk on Effective Altruism

About 25 minutes of talk, the rest is Q&A — recommended! The post My St. Andrews talk on Effective Altruism
Marginal Revolution Jan 13, 2023

Powell: The Fed is Independent but for that Reason Must be Limited

An excellent and forceful speech by Federal Reserve Chair Jerome Powell. He defends the Fed’s independence but clearly and directly argues that the only way that deal can be credible is if the Fed stays out of big political issues. …the case for monetary policy independence lies in the benefits of insulating monetary policy decisions […] The post Powell: The Fed is Independent but for that Reason Must be Limited
Marginal Revolution Jan 13, 2023

The economics of why Noma is closing

Here is the take of yours truly: Tyler Cowen, a professor of economics at George Mason University in Fairfax, Va., and a devoted restaurant-goer, says that people are misinterpreting Redzepi’s intentions with the closure. Cowen doesn’t think the chef is arguing that he can’t make money with Noma and its grand artistic ambitions. It’s just […] The post The economics of why Noma is closing
Marginal Revolution Jan 13, 2023

My excellent Conversation with Katherine Rundell

One of my favorite CWTs, here is the audio, video, and transcript. Here is part of the summary: She joined Tyler to discuss how she became obsessed with John Donne, the power of memorizing poetry, the political implications of suicide in the 17th century, the new evidence of Donne’s faith, the contagious intensity of thought […] The post My excellent Conversation with Katherine Rundell
Marginal Revolution Jan 13, 2023

J. Barkley Rosser, RIP

Alas Barkley has passed away. He was a friend of mine and to many of us at GMU, a well-known economist, a feisty commentator here at MR and much more…here is one profile. The post J. Barkley Rosser, RIP
Marginal Revolution Jan 12, 2023

Do markets expect unaligned AGI risk?

Here is a new essay by Trevor Chow, Basil Halperin, and J. Zachary Mazlish, all favorite thinkers of mine, excerpt and these are their words I will not double indent: “In this post, we point out that short AI timelines would cause real interest ratesto be high, and would do so under expectations of either […] The post Do markets expect unaligned AGI risk?
Marginal Revolution Jan 12, 2023

My ChinaTalk podcast with Jordan Schneider

Here is the transcript, here is the podcast. Excerpt: Jordan Schneider:You mentioned growing up reading classic novels and scholarship. What do you think will be relevant and not relevant about that sort of stuff in our new AI world? Tyler Cowen:I suspect the classic texts will re-emerge in value. Reading Plato, Kant, or Adam Smith […] The post My ChinaTalk podcast with Jordan Schneider
Marginal Revolution Jan 12, 2023

How much did pre-ACA Medicaid expansions matter?

This paper examines the impact of Medicaid expansions to parents and childless adults on adult mortality. Specifically, we evaluate the long-run effects of eight state Medicaid expansions from 1994 through 2005 on all-cause, healthcare-amenable, non-healthcare-amenable, and HIV-related mortality rates using state-level data. We utilize the synthetic control method to estimate effects for each treated state […] The post How much did pre-ACA Medicaid expansions matter?
Marginal Revolution Jan 11, 2023

Why did the gender wage gap stop narrowing?

During the 1980s, the wage gap between white women and white men in the US declined by approximately 1 percentage point per year. In the decades since, the rate of gender wage convergence has stalled to less than one-third of its previous value. An outstanding puzzle in economics is “why did gender wage convergence in […] The post Why did the gender wage gap stop narrowing?
Marginal Revolution Jan 11, 2023

What we know about road deaths during the pandemic

The study verified that the absence of traffic jams playedsomerole in allowing drivers to reach dangerous speeds on too-wide roads, but the researchers also found that the most significant differences between their forecast and real-world death totals happened in the dead of night, when most roads havealwaysbeen congestion-free. Between 10 p.mm and 1:59 a.m., deaths […] The post What we know about road deaths during the pandemic
Marginal Revolution Jan 11, 2023

What should I ask Rick Rubin?

I will be doing a Conversation with him, here is Wikipedia: Frederick Jay Rubin is an American record producer. He is the co-founder (alongside Russell Simmons) of Def Jam Recordings, founder of American Recordings, and former co-president of Columbia Records. Rubin helped popularise hip hop by producing records for acts such as the Beastie Boys, […] The post What should I ask Rick Rubin?
Marginal Revolution Jan 10, 2023

Where are all the workers?

The subtitle of the paper is “From Great Resignation to Quiet Quitting”, here is the abstract: To better understand the tight post-pandemic labor market in the US, we decompose the decline in aggregate hours worked into the extensive (fewer people working) and the intensive margin changes (workers working fewer hours). Although the pre-existing trend of […] The post Where are all the workers?
Marginal Revolution Jan 10, 2023

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