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Marginal Revolution
Marginal Revolution is the blog of Tyler Cowen and Alex Tabarrok, both of whom teach at George Mason University. MR began in August of 2003 and there have been new posts daily since that time. In numerous reviews and ratings over the years Marginal Revolution has consistently been ranked as the best or one of the best economic blogs on the web, but it is more (and less) than that, also representing the quirks of its authors.
- by Tyler Cowen1. A catalog of past AI predictions. 2. Jasmine Sun on why people do not want data centers. And Jasmine Sun on Ezra Klein, on data centers (NYT). 3. A bot running an SF retail boutique? (NYT) 4. Elise Cawley, RIP. 5. On the NYC grocery store plan. 6. New credit card gives you tokens […]
- by Alex TabarrokI created the dominant assurance contract aka the refund bonus mechanism in 1998–it’s a mechanism capable of producing some types of public goods privately–in recent years working with Tim Cason and Robertas Zubrickas I’ve put refund bonuses to the test in lab experiments and they work! I’ve written an accessible Refund Bonus Explainer that covers […]
- by Tyler CowenThis paper investigates why China’s recurrent credit expansions have coincided with persistently weak inflation. We argue that this pattern reflects the country’s production-oriented monetary regime. At the aggregate level, faster monetary-financial expansion temporarily raises PPI inflation but depresses it over longer horizons. At the sectoral level, liability growth among listed industrial firms is followed by […]
- by Tyler CowenIn addition to his well-known public roles, he worked very hard to help and befriend me when I was younger. Here are the Google searches for Victor. Less well known about Victor is that he had one of the world’s best collections of private letters. He also once gave me a very nice small painting […]
- by Tyler CowenBehavioral interventions have become central to modern public policy, but their empirical promise remains contested because estimated treatment effects often appear small. We argue that a policy response is economically meaningful only relative to the response generated by alternative policies. We assemble more than 1,200 estimates from over 600 studies comparing “nudges” and traditional price […]
- by Tyler CowenWe estimate the economic value of zoning reform in São Paulo, which altered maximum permitted construction along transportation corridors. Developers increased filings for multifamily construction in blocks affected by the reform, leading to more housing supply and lower housing prices in neighborhoods that allow more densification. Our equilibrium model of housing markets estimates an aggregate […]
- by Tyler Cowen1. Selecting innovation funding mechanisms. 2. Helen Andrews on race. 3. Famous radio station goes all-automated. 4. On Stefanie Stantcheva. 5. ChinaTalk submission hiring contest. 6. New Hamilton faculty at University of Florida, 21 of them. 7. Battery in your backyard? (WSJ) 8. How Americans are talking to Claude about politics. The post Tuesday assorted […]
- by Tyler CowenWe study the effects of H-1B immigration on U.S. industries that employ H-1B workers and their trading partners. Using a novel cross-industry design and the 1999–2003 expansion of the H-1B visa cap for identification, we find that H-1B exposure raised incomes for natives and pre-existing immigrants, with gains concentrated in non-STEM occupations. Income gains propagate […]
- by Tyler CowenOisin O’Gorman, 15, Dublin, misinformation and fakes. Karsen Lee Wahal, Stanford, is AI killing the web?, and measuring media slant. Davy Deng, with Claire Wang (previous winner), whole brain emulation, MIT. Enej Grmek, 16, Ljubljana, privacy. Vladimir Shmelev, Ukraine, Ukrainian children for relief trips to Montenegro. Nik Verma, Chicago, a legal framework for AI agents. […]
- by Tyler CowenWe study the demand for safety and liquidity in the crypto ecosystem. We do so under a framework in which a representative investor allocates liquidity across stablecoin deposits in lending pools and traditional safe assets (e.g., MMF shares). Our model delivers three main predictions: (i) the stablecoin deposit premium co-moves with the Treasury premium when […]
- by Tyler Cowen1. A new simulation argument? 2. PC on aesthetics. 3. An interview with Yiyang Zhuge. 4. The truth and aesthetics of going to church? 5. Some forms of math cope? And a different view. 6. At the demolition derby. The post Monday assorted links appeared first on Marginal REVOLUTION.
- by Tyler CowenYes I will be doing a Conversation with him. So what should I ask? If you need them, here are various Bostrom links. The post What should I ask Nick Bostrom? appeared first on Marginal REVOLUTION.
- by Tyler CowenInfinite numbers have long troubled utilitarian ethicists: if the universe is boundless, then there is infinite positive utility and infinite negative utility, and we can’t even define our current state, let alone affect it. Oxford philosopher Toby Ord proposes a solution: use hyperreal numbers, a mathematical construct in which infinite sums behave more like finite ones (for example, […]
- by Tyler CowenThe author is Tim Whitmarsh and the subtitle is Augustus, Empire and the Making of Christianity. This is the most important book on the history of Christianity I have read in a long time, and it is also an important work in Roman history. Yet also fun and extremely readable. Excerpt: The story I have […]
- by Tyler Cowen1. The inverseminar, someone else presents your paper. 2. The rise of million-dollar companies with just one employee (WSJ). 3. The political party itself is a big driver of polarization. 4. Gita Gopinath is making sense. 5. GPT Pro (not Astra) on what “Astra” means. 6. David Perell art history game. 7. New model of […]