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Marginal Revolution

Marginal Revolution

Newsletter | United States | Centre-Right
marginalrevolution.com/

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

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Articles

Discussions from Marginal Revolution

Technology

Ryan Hauser interviews me in print

Here is the link, here is one excerpt: What was your path into AI, and what are you working on now? I first became interested in AI when I saw the chess computer Tinker Belle wheeled into a New Jersey chess tournament in I think 1975. I followed the Kasparov matches closely, and the more […] The post Ryan Hauser interviews me in print appeared first on Marginal REVOLUTION. CommentsLove this excerpt. Currently of the opinion that 'AI' is a . by NatoIn reply to MikeP. Indeed. The article also h...

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Economy

An economic framework for space immigration

Large-scale, voluntary space settlement must be economically rational to be viable. Here, we deploy the Roy model, an economic model used to understand immigration, to illuminate the economic factors important for space settlement and develop qualitative understanding of robust features of space settlement that do not depend on the details of the space economy. We […] The post An economic framework for space immigration appeared first on Marginal REVOLUTION. Related StoriesSouth African safar...

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Business

What should I ask David Baszucki?

Yes I will be doing a Conversation with him. From Wikipedia: David Brent Baszucki (/bəˈzuːki/ buh-ZOO-ki; born January 20, 1963) is a Canadian-born American entrepreneur, engineer, and software developer. He is best known as the co-founder and CEO of Roblox Corporation. He co-founded and was the CEO of Knowledge Revolution, which was acquired by MSC Software in December 1998. On Roblox: […] The post What should I ask David Baszucki? appeared first on Marginal REVOLUTION. CommentsWhat were the...

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Healthcare

The rise of China as a global innovator in pharma (incentives matter)

This paper examines China’s transition from pharmaceutical “free rider” to global innovator over the last decade. In 2010, China accounted for less than 8% of global clinical trials; by 2020, it had surpassed the US in annual registered clinical trial volume. To study this transformation, we compile a comprehensive, synchronized database spanning the pharmaceutical drug […] The post The rise of China as a global innovator in pharma (incentives matter) appeared first on Marginal REVOLUTION. Re...

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Economy

How much more will oil prices have to go up?

[Robin] Brooks: So let me give you two ways of thinking about what’s going on, both of them are really about trying to think about what kind of risk premia need to be priced in oil, given all the massive uncertainty that we have. The first way that I’ve been thinking about this is—I spent […] The post How much more will oil prices have to go up? appeared first on Marginal REVOLUTION. Related StoriesMore on the David Lang opera version of Wealth of NationsA Danish Fix for U.S. Mortgage Lock-in...

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Technology

Those new service sector jobs?

An AI memory startup called Memvid is offering $800 for a one-day, eight-hour shift for one candidate to “bully” AI chatbots by telling them what to do on camera. Business Insider reported this week that Memvid wants someone to spend eight hours testing and critiquing the memory of popular AI chatbots, effectively paying $100 an hour for what […] The post Those new service sector jobs? appeared first on Marginal REVOLUTION. CommentsIn reply to Ben. They're probably selling the videos for . by...

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Economy

Canada facts of the decade

From 2014 to 2024, Canada’s real GDP per capita adjusted for purchasing power parity grew by just 3.2 percent in total, an anemic 0.4 percent per year on average, and the third lowest among 38 advanced nations. Over the same period, the United States posted 20.2 percent total growth (1.9 percent annually), and the OECD […] The post Canada facts of the decade appeared first on Marginal REVOLUTION. CommentsIn reply to Freebee34. I don't know that emigration has . by DismalistIn reply to Freebee...

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Culture

More on the David Lang opera version of Wealth of Nations

In 18 parts, Lang explores some of Smith’s central themes, including one of the book’s most famous passages, where Smith uses a wool coat worn by a very poor Scottish worker as a way to examine trade. “He asks, ‘Did you ever think of how many people need to be employed in order to make […] The post More on the David Lang opera version of Wealth of Nations appeared first on Marginal REVOLUTION. Related StoriesA Danish Fix for U.S. Mortgage Lock-inIs AI currently helping economic research?Unive...

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Economy

Is AI currently helping economic research?

The third possibility, that AI helps to weed out mistakes, is trickier for the discipline. This stage could become even more important if journals do start to be hit by a wave of AI-generated slop — or, perhaps more likely, good papers with so many appendices and robustness checks that even the most dedicated referee […] The post Is AI currently helping economic research? appeared first on Marginal REVOLUTION. CommentsIn reply to )( ./nks V. On K-Street in DC, there is a large . by DICK NIGER...

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Society

Consumers vs. mates as a source of selection pressure

Evolutionary biology is one attempt to explain the nature of living beings. In that framework there is a difference between individuals and genes. If a practice increases the chance that genes will be passed along, it may evolve and be passed along, whether or not it serves either individual or collective self-interest. To give a […] The post Consumers vs. mates as a source of selection pressure appeared first on Marginal REVOLUTION.

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Economy

*Recession*, by Tyler Goodspeed

The subtitle is The Real Reasons Economies Shrink and What To Do About It. Here is from the book’s summary: Contrary to popular perception, recessions are not the inevitable bust that follows an unsustainable boom, and they do not operate like wildfires that clear out economic deadwood. Recessions are caused by adverse shocks like war […] The post Recession, by Tyler Goodspeed appeared first on Marginal REVOLUTION. CommentsIn reply to LivelyClock. In Ancient Greek philosophy Link . by Andro...

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Politics

My excellent Conversation with Harvey Mansfield

Here is the audio, video, and transcript. Here is part of the episode summary: Tyler and Harvey discuss how Machiavelli’s concept of fact was brand new, why his longest chapter is a how-to guide for conspiracy, whether America’s 20th-century wars refute the conspiratorial worldview, Trump as a Shakespearean vulgarian who is in some ways more democratic […] The post My excellent Conversation with Harvey Mansfield appeared first on Marginal REVOLUTION. Related StoriesA simple way to improve you...

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