NOTICE 9/30/177
The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.
The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. – Bill Parke
– Recent Entries
Will American mass transit make a comeback?
by Tyler Cowen of Marginal Revolution
March 27, 2018, 2:38 am, 1836238
Transit ridership fell in 31 of 35 major metropolitan areas in the United States last year, including the seven cities that serve the majority of riders, with losses largely stemming from buses but punctuated by reliability issues on systems such as Metro, according to an annual overview of public …
Economics in Two Lessons, Chapter 7
by John Quiggin of Crooked Timber
March 27, 2018, 2:35 am, 1836237
Thanks to everyone who the first six chapters of my book, Economics in Two Lessons. That brings us to the end of Lesson 1: Market prices reflect and determine opportunity costs faced by consumers and producers.
Now its time for Lesson Two: Market prices don’t reflect all the opportunity …
Will there be a trade war with China?
by Tyler Cowen of Marginal Revolution
March 27, 2018, 12:38 am, 1836227
No. That is the topic of my latest Bloomberg column. Here is one bit:
Keep in mind that the U.S. is a relatively large buyer in many markets; in economic lingo, it has some monopsony power. So if it cuts back purchases of, say, Chinese toys, China …
Summer Associate Arbitration Clauses: Why Disclosure Isn’t Enough
Credit Slips
March 27, 2018, 12:05 am, 1836223
This weekend a mini-scandal erupted over the law firm Munger, Tolles requiring its summer associates to sign pre-dispute arbitration clauses. Munger, Tolles was rightly shamed into rescinding the practice, but one suspects that Munger, Tolles isn’t the only firm doing or contemplating doing this.
I believe law schools …
Assorted Macro Musings
Macro and Other Market Musings
March 26, 2018, 11:27 pm, 1836218
Some assorted macro musings:
New NGDP PaperMy colleague Scott Sumner and his coauthor Ethan Roberts have a new primer on NGDPLT. It is a very accessible introduction but one that also gets into NGDPLT futures targeting. Check it out.
Blog | Tutor2u in Dubai 2018
Economics in the News
March 26, 2018, 11:05 pm, 1836217
Workshop summary written by Mitali Doshi, year 13 Dubai College. On 24th March 2018, Dubai College was very fortunate to host Geoff Riley and Ruth Tarrant for a two-day workshop consisting of 8 sessions on the AS and A-level Economics Course. Students from Dubai British School, English College, Sunmarke School, DESC and …
Ready, Shoot, Aim: Who Else Gets Hurt in a Sino-US Trade War?
by Menzie Chinn of Econbrowser
March 26, 2018, 11:04 pm, 1836216
Because the value added of Chinese exports to the United States is fairly low (i.e., exports incorporate lots of foreign components), it is unclear how much damage would be inflicted on bystanders. Wells Fargo uses data on trade in value added to show Taiwan’s exposure.
There is no ‘epidemic of mass school shootings’ — children are more at risk when they ride in a car, swim in a pool, or put food in their mouths – Publications – AEI
by Mark Perry of AEIdeas » Carpe Diem
March 26, 2018, 11:03 pm, 1836215
AEI
There is no ‘epidemic of mass school shootings’ — children are more at risk when they ride in a car, swim in a pool, or put food in their mouths
Trumped-up economics – Publications – AEI
by Mark Perry of AEIdeas » Carpe Diem
March 26, 2018, 11:03 pm, 1836214
AEI
Trumped-up economics
That’s the title of article by Richard A. Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, is the Laurence A. Tisch Professor of Law, New York University Law School, and a senior lecturer at the University of …
A note of caution about opinion surveys with voluntary associations
by NewDealdemocrat of Angry Bear
March 26, 2018, 9:03 pm, 1836208
A thought for Sunday: a note of caution about opinion surveys with voluntary associations I read a Pew Research study a few days ago with a startling statistic: aside from self-identified Republicans, the single group most strongly approving of Trump was white evangelical Protestants (dark is approval, light is disapproval): …