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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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Articles

Discussions from Marginal Revolution

Education

Childhood neighbors matter

We explore the role of immediate next door neighbors in affecting children’s later life occupation choice. Using linked historical census records for over 6 million boys and 4 million girls, we reconstruct neighborhood microgeography to estimate how growing up next door to someone in a particular occupation affects a child’s probability of working in that […] The post Childhood neighbors matter appeared first on Marginal REVOLUTION. Related StoriesGrade inflation sentences to ponderGrowth Exp...

United States
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Economy

The share of factor income paid to computers

Via Kevin Bryan. The post The share of factor income paid to computers appeared first on Marginal REVOLUTION. CommentsIn reply to mento. This is why the tech bros will always be . by GridlockScale rocks! That I can use the same productivity software as . by raywardThis graph is figure 2 in the new paper By Chad Jones and . by mentoRelated StoriesClaims about AI and scienceA new economic model of AI and automationClaims about AI productivity improvements

United States
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Technology

Claims about AI and science

You should take these as quite context-specific numbers rather than as absolutes, nonetheless this is interesting: Scientists who engage in AI-augmented research publish 3.02 times more papers, receive 4.84 times more citations and become research project leaders 1.37 years earlier than those who do not. By contrast, AI adoption shrinks the collective volume of scientific […] The post Claims about AI and science appeared first on Marginal REVOLUTION. Comments“AI adoption shrinks the collectiv...

United States
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Education

“Tyler Cowen’s AI campus”

That is a short essay by Arnold Kling. Excerpt: Tyler’s Vision As a student, you work with a mentor. At the beginning of each term, you and your mentor decide which courses you will take. If there are other students on campus taking them, great. If not, maybe you can take them with students at […] The post “Tyler Cowen’s AI campus” appeared first on Marginal REVOLUTION. Related StoriesThose new service sector jobsClaims about AI and scienceThe share of factor income paid to computers

United States
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Economy

China’s supply chain problems

They exist in manufacturing too, and perhaps this should help you feel a little better about American problems: A January 2024 report on China’s wind power sector by researchers at Tsinghua University found that it remained heavily dependent on imports for crucial parts — including 60 per cent of the bearings that support their rotors, […] The post China’s supply chain problems appeared first on Marginal REVOLUTION. Related StoriesThomas Sargent is a wise manMarkets in everything?Negative pol...

China
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Economy

Thursday assorted links

1. New Substack on Abundance. 2. Does AI mean the demands on labor go up? 3. This obituary has plenty of interesting information about South Africa’s nuclear program (NYT). 4. Mercatus 1991 fellowship on state-level Indian economic policy. 5. Legal framework for crypto is hitting some snags (NYT). 6. “I find that parental transfers account […] The post Thursday assorted links appeared first on Marginal REVOLUTION. CommentsIn reply to Kaleberg. You and I were in different branches of . by egl“...

Global
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Economy

Michelle Tandler on NYC rent control

This is what I’m seeing: + 2.4 million rent-controlled apartments in a city with a massive housing shortage and 1.4% vacancy rate. + A huge % of these tenants are wealthy, white boomers using the units as pieds-a-terres while they spend their weekends and summers elsewhere. + Meanwhile, the government is using rent control to […] The post Michelle Tandler on NYC rent control appeared first on Marginal REVOLUTION. Related StoriesAI Physicians At LastThomas Sargent is a wise manNegative politic...

United States
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Economy

Thomas Sargent is a wise man

The protests began on December 28, initially led by traders and business owners who took to the streets against the rapidly weakening economy, soaring inflation, and the sharp fall in the rial’s value. The currency’s decline has been dramatic: against the Indian rupee, the rial is now valued at just 0.000091 paise, while against the […] The post Thomas Sargent is a wise man appeared first on Marginal REVOLUTION. CommentsPreparations for an airstrike?...

Iran
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Economy

Not as good as Cowen-Tabarrok

Russia is preparing a new economics textbook for university students that aims to challenge what its authors call a “myth” that democracy drives economic growth and to revive the socialist economic theories of Soviet leader Josef Stalin, the head of a Kremlin-linked advisory body said. Moscow has ramped up efforts to enforce its view of […] The post Not as good as Cowen-Tabarrok appeared first on Marginal REVOLUTION.        CommentsThere was a man from Ad F...

Global
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