The revolution in flight after World War II affected many industries. Read about the revolution in flight during the 1960s. Advertisement The revolution in flight after World War I...Larry speaks the truth about Harvard. 5. “A rich literature explores gender differences between men and women, but an increasing share of the population identifies their gender in some other way. Analyzing data on roughly 10,000 students and 1,500 adults, we find that such gender minorities are less confident and provide less favorable …The concept of AGI keeps getting the goalpost moved. An AGI is something that can learn and perform any conceivable task. An AGI can do anything a human can do including creative thought, philosophizing, introspecting etc and for that reason it has historically been synonymous with an AI that is "sentient".To use an example - if you donate $1 million in stock to charity , you both don't have to pay capital gains taxes on whatever gain you had in the stock, and you get an income tax deduction for that amount, $1 million, that at a 37% tax rate saves you $370k,. You also have $1 million less in assets. You are less wealth, net, by $630k.In today’s digital age, creating your own blog has become easier than ever before. One of the primary benefits of creating your own blog is that it allows you to establish and cont...Harris Chair of Economics at George Mason University, and co-author of the popular Marginal Revolution blog on economics. He received his Ph.D. in economics ...Feb 11, 2024 · Coleman Cruz Hughes (born February 25, 1996) is an American writer and podcast host. He was a fellow at the Manhattan Institute for Policy Research and a fellow and contributing editor at their City Journal, and he is the host of the podcast Conversations with Coleman. Hughes began studying violin at age three. The returns to durability of effort are rising as well. If you quit in the middle of executing your AI-aided concrete project, the new AI services will, for you, end up as playthings rather than investments in your future. The returns to factual knowledge are falling, continuing a trend that started with databases, search engines and Wikipedia.The high-return activity of raising others’ aspirations. by Tyler Cowen October 21, 2018 at 12:16 am in. Education. Yesterday I had lunch with a former Ph.D student of mine, who is now highly successful and tenured at a very good school. I was reminded that, over twenty years ago, I was Graduate Director of Admissions.by Tyler Cowen December 23, 2023 at 1:00 pm. 1. Interview with Mark Dybul about PEPFAR. 2. Women’s tears! Worth a sniff? 3. Macmillan Learning spotlight on Tyler Cowen . Excerpt: “I’ve been working with Alex for over 33 years,” Dr. Cowen said, “and after all of those years, I can still speak about him with affection in my voice.”.Creating your own blog site can be an exciting venture, allowing you to express your thoughts and share your expertise with the world. However, there are some common mistakes that ...When it comes to crime, economists focus on deterrence. Deterrence works but it’s not the only thing that works. Simple things like better street lighting can reduce crime as can high-quality early education or psychological interventions such as cognitive behavioral therapy. The sociological literature has emphasized that crime is about …The Zero Sum Idea Trap. by Alex Tabarrok September 23, 2023 at 7:10 am in. Economics. History. Law. In an excellent column, John Burn-Murdoch in the FT draws out some of the implications of zero-sum thinking, based on the new NBER paper Zero-Sum Thinking and the Roots of U.S. Political Divides. Among the most striking Harvard …Mar 7, 2011 · 3. Marginal Revolution. By Jacob Goldstein Monday, Mar. 07, 2011. The guys at Marginal Revolution are public intellectuals in the best sense of the phrase: erudite, curious, playful and — perhaps most importantly — fair-minded and open to honest debate. The blog is written by Tyler Cowen and Alex Tabarrok, economists at George Mason University. My new podcast with Dwarkesh Patel. We discussed how the insights of Hayek, Keynes, Smith, and other great economists help us make sense of AI, growth, risk, human nature, anarchy, central planning, and much more. Dwarkesh is one of the very best interviewers around, here are the links . If Twitter is blocked to you, here is the transcript ...The Realities of Socialism is a multimedia project—a collaboration between organizations in Canada, Australia, the United States and United Kingdom—to educate people about the experiences of socialism that was imposed on tens of millions of people across the world throughout the 20th century. Here you will find data-driven videos, …Feb 22, 2022 · I began blogging for EconLog in 2005. I hadn’t even published my first book, but Liberty Fund took a chance on me and made me a regular blogger. After seventeen years and thousands of blog posts, I’m supremely grateful to Liberty Fund, my fellow bloggers, and of course you, dear EconLog readers. Starting on March 1, […] Here is a theoretical refutation of free trade: The expected rate of return on his investment in either industry is roughly equivalent. However, Industry Y hires more workers in the Nation than Industry X, and pays them a higher average wages. Industry Y will purchase more goods and services in the Nation A than Industry X, which will import ...1. The logic of American vs. Japanese ghost stories. 2. Paul Krugman on the economics of slavery (NYT). 3. The Year in Interintellect. 4. Casey Handmer on Elon Musk. 5. Nils Karlson open-access book on classical liberalism vs. populism. The book is very much on the mark and I was happy to blurb it. 6. […]Windows only: Move and resize windows to any side or corner of your screen with freeware application WinSplit Revolution. The proliferation of widescreen and dual monitors has made...Jan 1, 2016 · The marginal revolution (sometimes called the marginal utility revolution) refers to the introduction into economics, in 1870–1, of the concept of marginal utility by William Stanley Jevons, Léon Walras and Carl Menger and which has widely been seen as involving a revolutionary break with the ‘classical’ economics of David Ricardo, John Stuart Mill and many of their contemporaries (see ... In essence, he wished to revisit and also reverse the greatest failure of his career. I went away thinking he was arrogant and delusional, and didn’t have much understanding for how much economics he had missed since the 1940s. Still, I enjoyed the talk and the chance to see Hayek. And, along the way, I learned something about …Tyler Cowen is a Bloomberg Opinion columnist, a professor of economics at George Mason University and host of the Marginal Revolution blog. @ tylercowen RSS Feed Markets Stock Markets Are... The Daughters of the American Revolution is a club that promotes historical preservation. Learn about the Daughters of the American Revolution. Advertisement Most Americans have a ...Fintech startup Revolut is rolling out stock trading in its app in the U.S. The company already lets you buy and sell shares if you’re a British user. And now, Revolut has received...Dec 18, 2019 · The term ‘marginal’ was nurtured (Pullen 2014, 14) by Johann Heinrich von Thünen in his The Isolated State (written in 1826). The Marginal Revolution took place around 1870, challenging the then-prevailing classical view of the value theory of Smith, Ricardo, Malthus, and Marx (to name a few). William Stanley Jevons, Carl Menger, and Léon ... Dec 18, 2019 · The term ‘marginal’ was nurtured (Pullen 2014, 14) by Johann Heinrich von Thünen in his The Isolated State (written in 1826). The Marginal Revolution took place around 1870, challenging the then-prevailing classical view of the value theory of Smith, Ricardo, Malthus, and Marx (to name a few). William Stanley Jevons, Carl Menger, and Léon ... Nonetheless I offered a simple formula: A podcast really works when it is the dramatic unfolding of a story and mood between the guest and host. What makes for a good podcast is the dramatic tension between the guest and host. If you think of Russ Roberts at EconTalk, often “the story line” is something like “I am a Mensch and you are a ...Creating your own blog site can be an exciting venture, allowing you to express your thoughts and share your expertise with the world. However, there are some common mistakes that ...California’s highest income tax rate is 13.3%. That is in addition to a top federal tax rate of 37%. California also has a state sales tax rate of 7.25%, and many …Triple Differencing Bikes in India. by Alex Tabarrok May 23, 2015 at 9:48 am. In 2007 in an effort to increase the number of girls enrolled in school the government of Bihar in India gave each schoolgirl of age 14 a bicycle. The excellent Karthik Muralidharan and co-author Nishith Prakash set out to discover whether the program was effective.The revolution in flight after World War II affected many industries. Read about the revolution in flight during the 1960s. Advertisement The revolution in flight after World War I...Jan 9, 2022 ... His blog with Alex Tabarrok, Marginal Revolution, is one of the ones that inspired me to get into blogging, and he was one of the first ...What I’ve been reading. by Tyler Cowen December 4, 2023 at 12:35 am. 1. Isabel Kershner, The Land of Hope and Fear: Israel’s Battle for its Inner Soul . An interesting look at Israeli society on the eve of the current war. 2. Robert Darnton, The Revolutionary Temper: Paris, 1748-1789 . Perhaps my expectations were too high with this one.When deciding whether or not a company's stock is a good addition to your portfolio, you need to analyze various aspects of the company. When deciding whether or not a company's st...Opportunity Cost and Tradeoffs. Opportunity cost and tradeoffs are two fundamental concepts from economics and they are all around us. In this new Principles of Microeconomics video, Tyler Cowen shares the definition of opportunity cost: the value of your next best alternative. Watch Now! NEW RESOURCE:The Zero Sum Idea Trap. by Alex Tabarrok September 23, 2023 at 7:10 am in. Economics. History. Law. In an excellent column, John Burn-Murdoch in the FT draws out some of the implications of zero-sum thinking, based on the new NBER paper Zero-Sum Thinking and the Roots of U.S. Political Divides. Among the most striking Harvard …Operation Warp Speed produced a new vaccine for a novel virus in record time but when Operation Warp Speed was disbanded by the Biden administration, vaccine research and development slowed from warp speed to impulse power. It’s ridiculous that it is taking longer to develop and deploy tweaks to the mRNA vaccines to deal with new …Nov 21, 2023 · Tuesday assorted links. by Tyler Cowen November 21, 2023 at 12:17 pm. 1. The wealth of working nations. “Indeed, if one further drops the early 1990s from the sample (the years of the asset price collapse), Japan was growing faster than the U.S. in terms of per-working-age adults from 1998 to 2019.”. This paper shows the impact of aging on ... In science, evidence is generated to test hypotheses in an evidencegenerating process (EGP). We claim that EGP variation across. researchers adds uncertainty: non-standard errors. To study. them, we let 164 teams test six hypotheses on the same sample. We find that non-standard errors are sizeable, on par with. standard …”—Tyler Cowen, Marginal Revolution Winner of the Joseph Spengler Best Book ... Blog · Podcast · Careers · Accessibility at Yale · Privacy Policy. Copyri...1. More Joe Henrich on cousin marriage. 2. Dating across languages, using AI (NYT). 3. The Hugo is no longer a legitimate award (NYT). 4. Dan Schulz on how to boot up in classical …Nov 21, 2023 · Tuesday assorted links. by Tyler Cowen November 21, 2023 at 12:17 pm. 1. The wealth of working nations. “Indeed, if one further drops the early 1990s from the sample (the years of the asset price collapse), Japan was growing faster than the U.S. in terms of per-working-age adults from 1998 to 2019.”. This paper shows the impact of aging on ... Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut h...Once the lockdowns ended, COVID did not really decrease aggregate demand, it just shifted it from retail and dine-in restaurants to mail order and takeout. Labor demand and wages for minimum wages workers actually went up. So when the COVID "stimulus" payments came along it was vastly, egregiously unnecessary.The Marginal Revolution If you find yourself standing at the margins, it will have already occured to you to slit your wrists. Philosophy and politics have not proposed sufficient reason to exist and we can only claim a kind of inertia born of the accident of birth which keeps us from acting in favour of non-existence. Non ...We’re recording this in August of 2023, which, of course, marks the 20th anniversary of Marginal Revolution. Today, for the podcast, we will be talking about the …Mar 13, 2019 ... Tyler Cowen wrote a blog post highlighting the unintended, but not unexpected, consequences of rent control back in 2016. Mihir Zavery penned a ...Once the lockdowns ended, COVID did not really decrease aggregate demand, it just shifted it from retail and dine-in restaurants to mail order and takeout. Labor demand and wages for minimum wages workers actually went up. So when the COVID "stimulus" payments came along it was vastly, egregiously unnecessary.Jun 6, 2013 ... A fundamental question in economics is value theory -- where do prices come from, what determents the value of a commodity, product, ...Friday assorted links. by Tyler Cowen January 5, 2024 at 11:20 am. 1. Problems with U.S. shipyards. 2. Satellite imaging shows there is a lot more industry in the ocean than we had thought. 3. My podcast episode with Will Bachman, most of all about talent see also the Show Notes at the link. 4.History. The Center for the History of Political Economy at Duke University will be hosting another Summer Institute on the History of Economics from June 3-12, 2024. The program is designed for students in graduate programs in economics, though students in graduate school in other fields as well as newly minted PhDs will also be considered.The Great (Male) Stagnation. You have probably seen something like the following graph which shows real GDP per capita and median male income since 1947. Typically, the graph is shown with family or household income but to avoid family-size effects I use male income. It’s evident that real gdp per capita and median male income became ...However, there is no reason for Bryan Caplan to "bet" on anything. The difference between making a public bet, in his case, and making a public prediction is that to make the bet Caplan needs a counter-party willing to risk say, $100. There is nothing stopping Bryan Caplan from making bold and well-defined public *predictions*.The Great (Male) Stagnation. You have probably seen something like the following graph which shows real GDP per capita and median male income since 1947. Typically, the graph is shown with …Oct 19, 2022 · The New Right - Marginal REVOLUTION. Classical liberalism vs. The New Right. by Tyler Cowen October 19, 2022 at 12:57 am in. Philosophy. Political Science. It has become increasingly clear that the political Right in America is not what it used to be. In particular, my own preferred slant of classical liberalism is being replaced. We’re recording this in August of 2023, which, of course, marks the 20th anniversary of Marginal Revolution. Today, for the podcast, we will be talking about the now 20-year history of the blog. First, welcome to the two co-founders of Marginal Revolution. Alex Tabarrok, welcome. ALEX TABARROK: Thanks. Great to be here.May 27, 2011 ... Cowen is still best known for the blog he shares with Alex Tabarrok, "Marginal Revolution." The same survey listed Cowen and Tabarrok's blog ...In his own words, Musk gives six reasons why he thinks chess is “too simple” and no longer plays (this is verbatim from a chess blog): • The chessboard has just 64 squares. As Musk observes, it’s “a mere 8 by 8 grid.”. • The class game is so open, and nothing is concealed or hidden from a player’s view.The Big Fail, Joe Nocera and Bethany McLean’s new book about the pandemic, is an angry book.Rightly so. It decries the way the bien pensant, the self-righteously conventional, were able to sideline, suppress and belittle other voices as unscientific, fraudulent purveyors of misinformation. The Big Fail gives the other voices …Mar 1, 2022 · However, there is no reason for Bryan Caplan to "bet" on anything. The difference between making a public bet, in his case, and making a public prediction is that to make the bet Caplan needs a counter-party willing to risk say, $100. There is nothing stopping Bryan Caplan from making bold and well-defined public *predictions*. Sep 16, 2016 · I found this pretty awesome and flattering (I couldn’t manage to indent it or get the formatting right): Exploring the Marginal Revolution Dataset, by Will Nowak 1 Sept 2016 1 Introduction 2 Housekeeping 3 Exploratory Data Analysis 3.1 What about some descriptive stats? 3.1.1 Word Count Histogram (vertical line indicates mean): 3.1.2 Comment Count Histogram […] Aug 23, 2023 ... When Alex Tabarrok and Tyler Cowen launched Marginal Revolution in ... To their astonishment, the blog soon eclipsed that goal, and within ...Feb 17, 2024 · By early 2023, with 5G deployments spreading, Verizon and AT&T data flowed 24% to 39% faster, while T-Mobile was more than three times as fast as before. T-Mobile’s high-speed coverage had also expanded; half of its connections were via 5G by January 2023, against just 10% to 20% for its rivals. Web/Tech. The Claude AI from Anthropic earned a marginal pass on a recent GMU law and economics exam! Graded blind. Claude is a competitor to GPT3 and in my view an improvement. Here is Claude’s best answer. Here are some potential changes I would recommend to the law and economics of intellectual property:I began blogging for EconLog in 2005. I hadn’t even published my first book, but Liberty Fund took a chance on me and made me a regular blogger. After seventeen years and thousands of blog posts, I’m supremely grateful to Liberty Fund, my fellow bloggers, and of course you, dear EconLog readers. Starting on March 1, […]Triple Differencing Bikes in India. by Alex Tabarrok May 23, 2015 at 9:48 am. In 2007 in an effort to increase the number of girls enrolled in school the government of Bihar in India gave each schoolgirl of age 14 a bicycle. The excellent Karthik Muralidharan and co-author Nishith Prakash set out to discover whether the program was effective.In the world of content marketing, having a well-written and engaging blog is crucial for attracting and retaining readers. However, with so many blogs out there, how can you make ...Wednesday night I was taken on a restaurant tour of Scarborough — four different places — plus rolls from a Sri Lankan locale, consumed in the office of the Dean of UT Scarborough and with the assistance of Peter Loewen.. After that eating, and lots of driving around and looking, I concluded Scarborough is the best ethnic food suburb I …The Marginal Revolution If you find yourself standing at the margins, it will have already occured to you to slit your wrists. Philosophy and politics have not proposed sufficient reason to exist and we can only claim a kind of inertia born of the accident of birth which keeps us from acting in favour of non-existence. Non ...5 days ago · 1. The Democratic Party process would not produce an electable candidate against a Republican with dozens of criminal charges against him. Not even in an election that is supposed to have such enormous stakes. 2. Despite the past centuries’ economic setbacks and challenges, are there reasons for optimism about Africa’s economic prospects? We provide a conceptual framework and empirical evidence that show how the nature of African society has led to three sets of unrecognized “latent assets.” First, success in African society is talent …Monday assorted links. 1. Black athletes discuss Thomas Sowell. 2. GPT4V watches an NBA game (and roots for the Clippers). 3. No economic growth in South Africa for the last fifteen years. 4. Rasheed Griffith interviews the guy designated to lead the dollarization of Argentina.You've been successfully added to the Marginal Revolution email subscription list. Tyler Cowen on Undertone podcast by Tyler Cowen January 16, 2024 at 2:48 pm inFrom the authors of the popular blog, The Marginal Revolution, Modern Principles of Macroeconomics focuses on modern content and modern delivery, teaching ...Marginal Revolution University () is building the world’s largest online library of free economics education videos – currently weighing in at more than 900 videos. In …Today, there are multiple PhD economists who grew up reading Marginal Revolution. In this conversation, with David Perell, we reflect on 20 years and talk about our process of writing and working together. Tyler is very funny. Tyrone makes an appearance or two, albeit never announced. ( Apple podcast, Spotify ).Immigration Backlash. by Alex Tabarrok December 2, 2023 at 7:20 am in. Economics. Political Science. In a new paper Ernesto Tiburcio (on the job market) and Kara Ross Camarena study the effect of illegal immigration from Mexico on economic, political and cultural change in the United States. Studying illegal immigration can be difficult …
Jan 31, 2024 · Wednesday assorted links. by Tyler Cowen January 31, 2024 at 12:13 pm. 1. The Frick Museum will reopen with 14 (!) evening bars. 2. Sebastian Barry in conversation with Roy Foster. 3. On ideological gender disparities in Korea. 4. . Killer psycho
The Indian Challenge to Blockchains: Digital Public Goods. In my post, Blockchains and the Opportunity of the Commons, I explored the potential of blockchains to create new commons: Blockchains and tokenization are a way to incentivize the creation of a commons. A commons is an unowned place, platform, or protocol that helps people to …ChatGPT and reading in clusters. by Tyler Cowen February 6, 2023 at 4:15 pm in. Books. Web/Tech. I have a new favorite reading trick, most of all for history books. As I read through the pages, I encounter names, place names, battle names and so on that I am not very familiar with (for many but not all topics).Web/Tech. The Claude AI from Anthropic earned a marginal pass on a recent GMU law and economics exam! Graded blind. Claude is a competitor to GPT3 and in my view an improvement. Here is Claude’s best answer. Here are some potential changes I would recommend to the law and economics of intellectual property:By Adam Tooze. On the basis of census data, Rogoff and Yang estimate * that 43 percent of all homes in China had been built since 2010, 68 percent since 2000 and 88 percent since 1990. If you put this in relation to total population it implies that in a single generation, China has built enough homes to house a billion people.Left it a bit late to record a comment, but it's interesting to note what W.S. Jevons, one of the founders of the original Marginal Revolution in economics, said of J.S. Mill in his "Mathematical Theory of Political Economy": "After studying the writings of Mr Mill for twenty years I feel bound to express my confident belief that they will in ...Patents are Not the Problem! For the last year and a half I have been shouting from the rooftops, “invest in capacity, build more factories, shore up the supply lines, spend billions to save trillions.”. Fortunately, some boffins in the Biden administration have found a better way, “the US supports the waiver of IP protections on COVID-19 ...Writing about economics for a large audience at Marginal Revolution taught us to get to the point quickly, use vivid examples, and avoid unnecessary math and other jargon. We brought these skills to our textbook, Modern Principles of Economics. From the first sentence, The prisoners were dying of scurvy, typhoid fever, and smallpox, but nothing […] Feb 13, 2024 · Lithium batteries are already being torn apart, because cobalt and nickel are valuable metals worth recovering. Cobalt is worth about $13 a pound, and nickel $7.10 a pound in the past week. The source I am using quotes lithium at $13.50 a kilogram. Left it a bit late to record a comment, but it's interesting to note what W.S. Jevons, one of the founders of the original Marginal Revolution in economics, said of J.S. Mill in his "Mathematical Theory of Political Economy": "After studying the writings of Mr Mill for twenty years I feel bound to express my confident belief that they will in ...A robot revolution may be transforming the restaurant business. Take a look with HowStuffWorks. Advertisement At Spyce, a recently-opened restaurant in Boston, diners can choose fr...Mike Piazza was a 62nd round pick and became one of the best hitting catchers in history and a Hall of Famer. Conversely the number of #1 draft picks in baseball who never amounted to much is too long to list; Ken Griffey Jr was the first #1 pick to be inducted into the Hall of Fame, he may still be the only one.steve. 2023-11-23 11:17:38. 1. 0. #. I am thankful for family, friends, the cats and a wonderful career. Grateful that I lucked out into being born in the best country ever at a great time. And yes, I am thankful for the opportunity that Tyler and others like him provide for the thought provoking stimulus and exchange of ideas.The Marginal Rate of Transformation measures opportunity costs, or the idea that to produce something given available resources, something else must be given up. Marginal cost is ....