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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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Discussions from Marginal Revolution

Politics

Bryan Caplan on immigration backlash

Bryan writes: Tyler tries to cure my immigration backlash confusion, but not to my satisfaction. The overarching flaw: He equivocates between two different versions of “backlash to immigration.” Version 1: Letting in more immigrants leads to more resistance to immigration. Version 2: Letting in more immigrants leads to so much resistance to immigration that the total stock of […] The post Bryan Caplan on immigration backlash appeared first on Marginal REVOLUTION. CommentsWell said Tyler. Exce...

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Culture

Why is Singapore no longer “cool”?

To be clear, I am not blaming Singapore on this one. But it is striking to me how much Americans do not talk about Singapore any more. They are much, much more likely to talk about Europe or England, for instance. I see several reasons for this: 1. Much of the Singapore fascination came from […] The post Why is Singapore no longer “cool”? appeared first on Marginal REVOLUTION. Related StoriesBryan Caplan on immigration backlashThe polity that is Bolivia?Trump’s Pharmaceutical Plan

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Economy

Sebastian Galiani on the Marginal Revolution

The most successful economics blog in the world is called Marginal Revolution. That is not an accident…. Consider a few common mistakes that reappear whenever marginal thinking is abandoned: Treating the owner’s biography—wealth, identity, status—as if it entered the firm’s marginal conditions. It does not. Confusing redistribution with allocation. Redistribution is a legitimate political choice, but […] The post Sebastian Galiani on the Marginal Revolution appeared first on Marginal REVOLUTI...

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Society

A new hypothesis (from my email)

From Anonymous: Hello Professor Cowen, I hope all is well with you and that you have navigated the recent weather alright. I have a thought that I wanted to run by you that related to phones and teen anxiety. You have cited a variety of studies that say that phones and social media do not cause anxiety. […] The post A new hypothesis (from my email) appeared first on Marginal REVOLUTION. CommentsThis artificial debate about the effects of social media on . by 3 seconds on a catapultI would say...

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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...

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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 ...

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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

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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...

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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...

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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...

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