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Marginal Revolution

Marginal Revolution

Newsletter | United States | Centre-Right

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

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Articles

Discussions from Marginal Revolution

Education

The economics of dropout risk

Bryan Caplan keeps hammering this point home, it is good to see follow-up work: In the United States, college dropout risk is sizable. We provide new empirical evidence that beliefs about the likelihood of earning a bachelor’s degree predict college enrollment, and that the distribution of these beliefs exhibits widespread optimism. We incorporate this distribution […] The post The economics of dropout risk appeared first on Marginal REVOLUTION. CommentsAffirmative Action and Mismatch by Pete...

United States
Economy

Is financial economics still economics?

That all sounded wonderful, and that core model and its offshoots dominated financial research for decades. The problem, however, was that it wasn’t true, or at least it wasn’t nearly as true as we had thought and hoped. When financial economists refined the models with more complete specifications, it turned out Beta didn’t predict stock […] The post Is financial economics still economics? appeared first on Marginal REVOLUTION. CommentsThis intellectual history is compelling but the time hor...

United States
Economy

Economists on AI and economic growth and employment

We completed the most comprehensive study of how economists and AI experts think AI will affect the U.S. economy. They predict major AI progress—but no dramatic break from economic trends: GDP growth rates similar to today’s and a moderate decline in labor force participation. However, when asked to consider what would happen in a world […] The post Economists on AI and economic growth and employment appeared first on Marginal REVOLUTION. Related StoriesIs financial economics still economics?...

United States
Education

Grade Caps are Not a Good Solution to Grade Inflation

It’s well known that grade inflation has “degraded” the informational content of grades at many colleges. At Harvard, two-thirds of all undergraduate grades are now A’s—up from about a quarter two decades ago. In response, a Harvard faculty committee has proposed capping A grades at 20 percent of each class (plus a cushion for small […] The post Grade Caps are Not a Good Solution to Grade Inflation appeared first on Marginal REVOLUTION. CommentsYes. When I was in law school, there was this cl...

United States
Economy

New issue of Econ Journal Watch

EJW Volume 23, Issue 1, March 2026 Specification Searching in the Race between Education and Technology: Joseph Francis criticizes a canonical model of the American labor market, which has been used to advocate for more funding for education to reduce inequality. He shows how the model has routinely failed to predict the evolution of the college […] The post New issue of Econ Journal Watch appeared first on Marginal REVOLUTION. Related StoriesSentences to ponderGrade Caps are Not a Good Solut...

United States
Economy

Scott Sumner on *The Marginal Revolution*

My favorite part of Tyler’s book is where he asks a very good but non-obvious question: Why did it take so long for economics as a field to develop a coherent model or framework of analysis? Much of the book discusses how three economists simultaneously developed marginal analysis, with a focus on the work of […] The post Scott Sumner on The Marginal Revolution appeared first on Marginal REVOLUTION. Related StoriesThe Marginal Revolution: Rise and Decline, and the Pending AI RevolutionSoc...

Global
Culture

The Candidates’ tournament

Caruana and Sindharov have won today, obviously boosting Caruana’s chances as favorite (he beat Nakamura, the number two rated player in the tournament). Yet what the chess world needs right now is not a winner, but rather a greater sense of legitimacy for the world title. Ideally the same person should win a championship match […] The post The Candidates’ tournament appeared first on Marginal REVOLUTION. CommentsIn your book 'Talent' you argue that outcomes are noisy, and . by MChess is inte...

Global
Economy

Claudia Goldin and the WNBA

After Claudia Goldin became the first woman to win a solo Nobel in economics in 2023, she received hundreds of invitations and requests. She accepted just three. One of them was advising the WNBA players union as the women prepared to negotiate a new labor deal with the league. When Goldin replied via email to Terri Carmichael Jackson, […] The post Claudia Goldin and the WNBA appeared first on Marginal REVOLUTION. CommentsIn reply to Con-air. html $(document).ready(function(){ . by To Jumpha ...

United States
Society

Is Tinder actually OK?

Online dating apps have transformed the dating market, yet their broader effects remain unclear. We study Tinder’s impact on college students using its initial marketing focus on Greek organizations for identification. We show that the full-scale launch of Tinder led to a sharp, persistent increase in sexual activity, but with little corresponding impact on the […] The post Is Tinder actually OK? appeared first on Marginal REVOLUTION. Related StoriesSolve for the China tech equilibriumRepubli...

United States
Economy

Shruti interviews V. Anantha Nageswaran on the Indian economy

He is currently serving as the Chief Economic Advisor to the Government of India, and also is the co-author of the books Economics of Derivatives and The Rise of Finance: Causes, Consequences and Cures. The podcast covers import substitution and strategic resilience, futures and options market, gross fixed capital formation, crypto markets, India’s growth trajectory, and much […] The post Shruti interviews V. Anantha Nageswaran on the Indian economy appeared first on Marginal REVOLUTION. Rela...

India
Economy

Social Security Should Be a Forced Savings Program Not a Welfare Program

There is a growing movement to eliminate the wage cap on Social Security taxes while capping benefits. The argument, often from the center-right, is that Social Security is insolvent and that “tough” choices are needed to save it. But this moves the system in exactly the wrong direction. One of the better features of Social […] The post Social Security Should Be a Forced Savings Program Not a Welfare Program appeared first on Marginal REVOLUTION. Related StoriesPhysician Incomes and the Extre...

United States
Culture

What should I ask Andrew Graham-Dixon?

He is one of the world’s leading art critics, all of his books are excellent, and he has a new and very good work coming out titled Vermeer: A Life Lost and Found. He also has a well-known book on Caravaggio, on Michelangelo, and I am especially fond of his book on British art. Here […] The post What should I ask Andrew Graham-Dixon? appeared first on Marginal REVOLUTION. Related StoriesMy excellent Conversation with Paul Gillingham*The Marginal Revolution: Rise and Decline, and the Pending A...

Global