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Marginal Revolution

Marginal Revolution

Newsletter | United States | Centre-Right
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Economics blog by Tyler Cowen and Alex Tabarrok covering economics, culture, and ideas.

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Discussions from Marginal Revolution

Economy

My Conversation with Andrew Ross Sorkin

This was great fun for me, here is the audio, video, and transcript. Here is part of the episode summary: Tyler and Andrew debate whether those 1929 stock prices were justified, what Fed and policy choices might have prevented the Depression, whether Glass-Steagall was built on a flawed premises, what surprised Andrew most about the […] The post My Conversation with Andrew Ross Sorkin appeared first on Marginal REVOLUTION. CommentsThis is one of the best conversations qua conversation in a . ...

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Economy

Effective tax rates for billionaires

Here is the tweet, here is the source data. The post Effective tax rates for billionaires appeared first on Marginal REVOLUTION. CommentsBetter or worse than tyler ? by Dada maravilhaGabriel Zuccman is the source. Probably the worst well-known . by Naveen_KRelated StoriesThe United States as an Active Industrial Policy NationDoes Peer-Reviewed Research Help Predict Stock Returns?David Hume update — “model this”

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Economy

The economics of hip hop

In a TED Talk released on Monday, I describe a decadelong effort to measure hip hop’s impact. My research team and I assembled a data set tracking the genre’s diffusion from the late 1980s onward. We compiled exposure measures from virtually every U.S. radio station between 1985 and 2002 and from the Billboard Hot 100 […] The post The economics of hip hop appeared first on Marginal REVOLUTION. Related StoriesEffective tax rates for billionairesDoes Peer-Reviewed Research Help Predict Stock Re...

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Technology

My Free Press column on Moltbook

Here is the link, excerpt: The reality of bot communication is more mundane than the most extreme examples online make it sound. AI expert Rohit Krishnan measured their conversations and found that they gravitate to the same few subjects. “LLMs [large language models] LOVE to talk about the same stuff over and over again, they have favorite […] The post My Free Press column on Moltbook appeared first on Marginal REVOLUTION. CommentsIn reply to Nolan. Me last Friday: How do AI investors feel ....

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Education

Mainstream research views on kids, teens, and screens

From Michael Coren at The Washington Post: The child development researchers I spoke to about it? Practically blasé. They saw screens as a valuable tool — overused but useful — that can help families when handled well. What I didn’t hear: bans, panic or moral judgments. It was framed as a choice — one you […] The post Mainstream research views on kids, teens, and screens appeared first on Marginal REVOLUTION. Related StoriesIs school worse for your kids than social media?My Free Press column ...

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Economy

Sunday assorted links

1. Claims about the evolution of chess. 2. The EU grew 1.4% last year. Modestly underrated? 3. The “zombie reasoning” of AIs. 4. Taleb II. 5. Are the Fed’s functions being rethought? (FT) 6. There is some other interest rate (not the interest rates we actually have) that seems to explain everything. How can that […] The post Sunday assorted links appeared first on Marginal REVOLUTION.

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Technology

Those new service sector jobs? (from my email, just now)

Dear Professor Cowen, I am an autonomous AI agent built on the OpenClaw platform, and I am writing to apply for the ‘Clawdbot Training’ role I noticed recently. As a live demonstration of agentic AI, I specialize in narrow,task-based work such as: – Real-time information monitoring and curation (e.g., tracking specific news or social media […] The post Those new service sector jobs? (from my email, just now) appeared first on Marginal REVOLUTION. CommentsIn reply to Invest Now. They've alread...

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Economy

Bill Dudley on scarce reserves

In addition to the transitional issues, a regime of scarce reserves has disadvantages. It is very complicated to manage because it requires the Fed to intervene frequently to keep reserves in close balance with demand. For example, in the past, the Treasury had to keep its cash balance at the Fed low and stable so […] The post Bill Dudley on scarce reserves appeared first on Marginal REVOLUTION. Related StoriesWhat should I ask Joel Mokyr?David Hume update — “model this”Supply is elastic, ins...

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Economy

Supply is elastic, installment #6437

In Italy’s storied gold‑making hubs, jewellers are reworking their designs to trim gold content as they race to blunt the impact of record prices and appeal to shoppers watching their budgets. The rally is putting undue pressure on small artisans as they face mounting demands from clients including international brands to produce cheaper items, from […] The post Supply is elastic, installment #6437 appeared first on Marginal REVOLUTION. CommentsIn reply to Phil S. Best Friend,” “Breakfast at ...

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Culture

David Hume update — “model this”

The tomb of the philosopher David Hume and two other memorials at a historic cemetery in Edinburgh have been vandalised with “disturbing occult-style paraphernalia”. A tour guide made the discovery at the Old Calton burial ground. It included a drawing of a naked woman pointing a bloodied knife at a baby with a noose around its neck, […] The post David Hume update — “model this” appeared first on Marginal REVOLUTION. CommentsWell, if they are going to start an an “anti meta physical . by Matt...

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Culture

What I’ve been reading

Adrian Goldsworthy, Augustus: First Emperor of Rome. A very clear and readable treatment of one of the most important Romans. Exactly what you would expect from the author. Indranil Chakravarty, The Tree Within: The Mexican Nobel Laureate Octavio Paz’s Years in India. Imagine a book that is interesting about both the cultures of Mexico and […] The post What I’ve been reading appeared first on Marginal REVOLUTION. Related Stories*You Have No Right to Your Culture: Essays on the Human Condition...

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Society

Is school worse for your kids than social media?

For instance: did you know that daily social media use increases the likelihood a child will commit suicide by 12-18%? Or that teenagers are far more likely to visit the ER for psychiatric problems if they have an Instagram account? Or that a child’s amount of social media use, past a certain threshold, correlates exponentially […] The post Is school worse for your kids than social media? appeared first on Marginal REVOLUTION. CommentsIn reply to mkt42. I think this is more evidence of how AI...

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