State-level marijuana legalization has unintended consequences, including its effect on fertility. Marijuana use is associated with behaviors that increase fertility as well as physical changes that lower fertility. In this…
The author is William C. Kirby and the subtitle is Creating the Modern University from Germany to America to China. The shocker is that this is actually a good book. …
The Scottish Enlightenment seems like a real enlightenment to most observers, the 18th century Irish Enlightenment (Swift, Berkeley, Burke, toss in James Barry too) does not. In my admittedly unorthodox…
To assess the importance of unequal access to medical expertise and services, we estimate the causal effects of having a child who is a doctor on parents’ mortality and health…
Here is the link, and here is part of the CWT summary: Barkha joined Tyler to discuss how Westerners can gain a more complete picture of India, the misogyny still…
Jeffrey T. Denning, Eric R. Eide, Kevin J. Mumford, Richard W. Patterson and Merrill Warnick tell us why: grade inflation: We document that college completion rates have increased since the…
The top 1 percent of earners, who make more than $804,000 a year, contributed 41 percent of the city’s personal income taxes in 2019. About one-third of the people who…
That is the topic of my latest Bloomberg column, here is one excerpt: The Yale proposal is about how to make a Mars settlement democratic, as is an earlier proposal published in…
Economists have claimed that the invisible hand of competition is behind the historical episodes of outstanding artistic achievement, from Shakespearean theater to musical composition in Mozart’s Vienna. Competition, the argument…
Yesterday I mentioned the underrated Irish Enlightenment (don’t forget Toland!), today I will briefly lay out how many top early economists came from Ireland. Here is a partial list of…
The full title of the paper is “More Guns, More Unintended Consequences: The Effects of Right-to-Carry on Criminal Behavior and Policing in US Cities” and the authors are John J.…
It will be a conversation, though not a recorded CWT. Here is Wikipedia on him: Hanif Abdurraqib is an American poet, essayist, and cultural critic. He is the author of…
[Derek} Thompson: To what extent do you think regulatory policy is making America’s airlines particularly fragile to the sort of problems we’re currently experiencing? [Scott] Keyes: One of the front-and-center issues discussed…
One of the most common intellectual mistakes! Do note however that it is an efficient mistake for many people to commit, and that is part of why it is so…
Here is a good and useful survey by Jon Hilsenrath and Amara Omeokwe (WSJ).
By Mark Koyama (my colleague) and Jared Rubin, with the subtitle The Historical Origins of Economic Growth. I am now home and am united with my copy. It is the…
That is a new and exciting paper from Julio González-Díaz and Ignacio Palacios-Huerta, here is the abstract: Can artificial intelligence (AI) uncover new ideas? As machines are learning fast and…
This new book by Katherine Rundell, now out in the UK but still pending in the United States for September, is one of the very best studies of an individual…
TYLER COWEN: I want to ask you a series of questions about what’s overrated and underrated. It can be in your area of expertise, it could be in life in…
On July 7 [1917], while the unsuccessful hunt for fugitive Bolsheviks continued, Prince Lvov resigned as leader of the Provisional Government. He was replaced by Kerensky. This had nothing to…
Just nine biotech companies have listed in the US this year, raising a total of $1bn, according to LifeSci Capital, a boutique investment bank. Almost 60 companies did so in…
One cause (and effect) of the great stagnation, as emphasized by Peter Thiel and others (including myself), is our inability to imagine a future radically different from the immediate past. …
I hadn’t looked at this work for a long time, and I was struck by how much he does not blame Christianity for the decline of the Roman Empire. Here…
One example of such evidence-free regulation in recent years comes from the Department of Health and Human Services (HHS). In 2021, HHS repealed a rule enacted by the Trump administration…
The review makes many points, here is one excerpt: Everywhere I have worked, the organization’s hiring processes were tilted in favor of experience over intelligence. Interviews include behavioral questions or assessments…
Out-of-sample accuracy is strikingly high: of the 500 people with the highest predicted risk [ of being shot], 13 percent are shot within 18 months, a rate 130 times higher…
One implication is that income inequality isn’t quite as extreme as measured. Another implication is that rising income inequality will itself cause higher mark-ups, but without the economy becoming “more…
I had never heard of those, but it turns out they are common at top business schools. Egads! Here are some results: We study the effects of grade non-disclosure (GND)…
Hume’s revenge! Previous research highlights the role that political knowledge plays in forming political positions and how financial literacy influences personal economic decisions. But even among economists, how economic knowledge…
2 George Street BB5 0HD, and 2 George Street BB5 0ET, both in Accrington, Lancashire, are only 235 metres apart. Yes, that’s right. These twins are less than a sixth of…
I think a lot of people don’t know this relationship has a U-shape. pic.twitter.com/Q23oHtzmiY — Matthew Yglesias (@mattyglesias) June 18, 2022
We study the impact of remote work on the commercial office sector. We document large shifts in lease revenues, office occupancy, lease renewal rates, lease durations, and market rents as…
In short, US annual artillery production would at best only last for 10 days to two weeks of combat in Ukraine. If the initial estimate of Russian shells fired is…
Bond yields of countries such as Italy and Spain shot up to their highest level for eight years after ECB rate-setters last Thursday announced plans to stop buying more bonds…
I’ve been wanting to do this one for some while, and Marc did not disappoint. Here is the audio, transcript, and video. Here is the summary: Marc joined Tyler to…
You may have seen the Golden State Warriorrs just won another NBA title. The backgrounds of so many of their top players are striking: Stephen Curry: Commonly considered the greatest…
A favorite topic of mine: Schooling may build human capital not only by teaching academic skills, but by expanding the capacity for cognition itself. We focus specifically on cognitive endurance:…
Germany has proposed basing most of the 3,500 extra troops it plans to contribute to Nato forces on its own soil rather than in Lithuania, significantly softening its initial backing…
It is a lovely town to walk in, seems to have better weather than Dublin, and Honan Chapel is to my mind Ireland’s single greatest sight. Most of the time,…
On Northern Ireland, at least. To be clear, a) I know he is proposing to break the agreement with the EU and thus break the law, and b) I know…
I will be doing a Conversation with him. Here is one take: Byron Auguste is…the CEO and co-founder of [email protected], a nonprofit organization that seeks to expand access to career…
This new blog post by John Cochrane is too good to excerpt, but here is one bit of it anyway, noting two points that on the AEA program do not…
That is the final discussion from my latest Bloomberg column, much of which focuses on AI sentience but today the topic is oracles, here is one bit: One implication of…
People who have arrived in Zhengzhou to withdraw money from embattled regional banks said they have found their health codes turn red — a label mostly reserved for potential COVID-19 carriers or…
David Putrino, a neurophysiologist at the Icahn School of Medicine at Mount Sinai, labored through his holiday last Christmas to write a grant application for urgently needed Long Covid research.…
I consider that question in my latest Bloomberg column: When it comes to the economy, Republicans tend to focus on the negative and Democrats on the positive. If the parties…
List of American membership associations with at least 1% of American adults enrolled as members, 1733-2004 Part I pic.twitter.com/AVuLePLL2U — T. Greer (@Scholars_Stage) June 13, 2022
It is with shock and sadness that I have received news that the marginal revolution commenter known as ‘Joël’ has passed away. Apart from being a prolific and critical member of…