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Marginal Revolution

Marginal Revolution

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Economics blog by Tyler Cowen and Alex Tabarrok covering economics, culture, and ideas.

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Articles

Discussions from Marginal Revolution

Society

How much is childlessness the fertility problem?

The average decline in fertility among these recent cohorts relative to the cohorts preceding them by 20 years was 0.25 births. Of this decline, 0.09 births, or 37 percent of the gap, is statistically accounted for by increased childlessness in the later cohort. The remaining 0.16 births, or 63 percent of the gap, is accounted […] The post How much is childlessness the fertility problem? appeared first on Marginal REVOLUTION. CommentsIn reply to IL V $*. Justice entitled him to laugh; i wrote...

United States
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Economy

The economics of the NBA trading deadline (from my email)

From an anonymous correspondent: Perhaps, as NBA fan, there’s a column to be written about the incentives that drove the NBA trade market: namely the all-out search to avoid/get out of the luxury tax and the looming “tank” battle among the 6 worst teams. These are both direct results of the recent NBA collective bargaining […] The post The economics of the NBA trading deadline (from my email) appeared first on Marginal REVOLUTION. CommentsIn reply to Cancelled for wongthink. Gibe, dude, it's ...

United States
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Politics

Can government coerce women into having more babies?

To illustrate this challenge of measurement and inference, Figure 7 presents Romanian birth rates before, during, and after the imposition of an infamously coercive policy aimed at raising births. In 1966, a dictatorial government imposed Decree 770, which banned abortion and made modern contraception effectively inaccessible. The figure extends an idea from Sobotka, Matysiak, and […] The post Can government coerce women into having more babies? appeared first on Marginal REVOLUTION. Related ...

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Culture

Hanno Lustig and Romain Wacziarg now have a Substack

Self-recommending, here goes. The post Hanno Lustig and Romain Wacziarg now have a Substack appeared first on Marginal REVOLUTION. CommentsYou should get a substack. by Hazel MeadeIt's an unexpected treat to find a clearly written, insightful . by Indoor CampingRelated StoriesArgentina dollar facts of the dayPlug me back in!Trump’s Pharmaceutical Plan

United States
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Economy

Argentina dollar facts of the day

From greenbacks stuffed into children’s teddy bears to fortunes tucked away in the ceiling, Argentines have more than $250 billion in dollars stashed at home, along with offshore accounts and safe-deposit boxes—some six times the reserves of the central bank. But two years into Milei’s government, Argentines are easing their grip on their precious dollars. […] The post Argentina dollar facts of the day appeared first on Marginal REVOLUTION. CommentsMy cousin married a man that grew up in Arge...

Argentina
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Economy

Poverty and Dependency in the United States, 1939–2023

We compare trends in absolute poverty before (1939–1963) and after (1963–2023) the War on Poverty was declared. Our primary methodological contribution is to create a post-tax post-transfer income measure using the 1940, 1950 and 1960 Decennial Censuses through imputations of taxes and transfers as well as certain forms of market income including perquisites (Collins and […] The post Poverty and Dependency in the United States, 1939–2023 appeared first on Marginal REVOLUTION. Related StoriesA...

United States
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Economy

Regulating a Monopolist without Subsidy

We study monopoly regulation under asymmetric information about costs when subsidies are infeasible. A monopolist with privately known marginal cost serves a single product market and sets a price. The regulator maximizes a weighted welfare function using unit taxes as sole policy instrument. We identify a sufficient and necessary condition for when laissez-faire is optimal. […] The post Regulating a Monopolist without Subsidy appeared first on Marginal REVOLUTION. CommentsIn reply to deariem...

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Culture

Kazuhito Yamashita, RIP

Here is an appreciation, via Tyler McGraw. He was a true great of the guitar. The post Kazuhito Yamashita, RIP appeared first on Marginal REVOLUTION. CommentsIn reply to %GIHOR. Lynn Shelton is Keira Knightley, Greta . by : HNB PRemember Pearl Harbor. by AnonIn reply to Evan Goldfine. No ur Ross, and Arundhati roy; his . by %GIHORThe most amazing classic guitar player there has ever been. I . by PaulNo one was better at high speeds, with huge volume, exacting . by Evan GoldfineOn one occasi...

Global
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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 . ...

United States
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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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