Robert Solow once remarked:
Every discussion among economists of the relatively slow growth of the British economy compared with the Continental economies ends up in a blaze of amateur sociology.
This is the final move of right-wing economists whenever the assumptions of their ideologically-infused policy prescriptions end up contradicted by observed reality. After a few [...]
In a new piece in Democracy Journal, Nick Hanauer and David Rolf argue that, in response to the rise of the sharing economy, we need to transition away from our employer-provided welfare benefit system to a more public system. Jeff Spross had a nearly identical (though considerably shorter) argument in The Week earlier this [...]
When I am not reading economics-related material, one of the things I like to do is probe the strangest depths of Tumblr identity debates. Although I don’t write about it much (save one time before) and have no particular interest in their outcomes, I find these debates extremely fascinating on a purely argumentative [...]
The college financing debate has a lot of weird quirks in it. One of those weird quirks is what gets spoken of as the costs of attending college. Consider the following three costs:
Opportunity costs (i.e. foregone income in the years you are studying).
Direct costs of college itself (i.e. tuition, books, fees, etc.). [...]
Is this aggression?
I produce some source code and release it under the GPL, which requires that if you use the code in a program you create and distribute, you must release the source code of that program.
You download the source code and then use it in a piece of software you produce. [...]
In my prior post, I remarked about the amusing case of tech libertarians who fashion themselves self-made geniuses despite the fact that they rely heavily upon the communistically developed free open source software (Linux, GNU, PHP, MySQL, HTTP servers, etc.) that form the foundation of the entire modern web and app economy. I [...]
One of the remarkable things about tech libertarians and the culture that surrounds them is that the modern tech economy is only possible because of more socialistic endeavors. By this I don’t mean the by now hackneyed point that the internet was the fruit of public research while the world wide web was gifted to [...]
Lauren A. Rivera has a new book out titled “Pedigree: How Elite Students Get Elite Jobs.” Coverage of the book (The Atlantic, New York Times) indicates that the author interviewed hiring managers at elite firms to understand how they made their hiring decisions. Of interest to me in this post
EPI folks wrote a paper titled “Broad-Based Wage Growth Is a Key Tool in the Fight Against Poverty.” I wrote a response titled “If You Want Really Low Poverty, Market Income Is Not Going To Get You There.” In my piece, I point out that 2 in 3 poor people are [...]
Over at the Demos dot org slash blog, I discussed this Bernie Sanders quote:
If 99 percent of all the new income goes to the top 1 percent, you could triple it, it wouldn’t matter much to the average middle class person. The whole size of the economy and the GDP doesn’t matter [...]