My excellent Conversation with Bob Spitz
Here is the audio, video, and transcript. Here is the episode summary: Bob Spitz has written major biographies of the Beatles, Led Zeppelin, Bob Dylan,
The interstate trade effects of autonomous trucks
Recent advances in autonomous and semi-autonomous vehicle technologies promise substantial cost savings for goods shipped by truck. In this study, we quantify the impacts of
How Poverty Fell – Marginal REVOLUTION
The share of the global population living in extreme poverty fell dramatically from an estimated 36% in 1990 to 9% in 2015. We describe how
Is psychotherapy underdiscussed these days? (from my email)
I listened to your recent conversation with Arthur C. Brooks and found myself struggling with his core premise. His framing of happiness seems to reduce
Words of wisdom, on China shock 2.0
Michael Pettis frequently claims that, by running large surpluses, China is forcing “the demand-suppressing cost of their policies onto their trading partners.” The idea here is relatively
The economic rise of Latin America?
When the world goes looking for shelter during an oil war, the destinations are predictable: the dollar, gold, short-term Treasuries. Nobody puts Latin American sovereign
Will AI save the U.S. fiscal situation?
A tenth of a percentage point of extra productivity growth — well within the range of plausible near-term AI effects — raises the fundamental value
Those old factory sector jobs
As AI sweeps into white-collar workplaces, old-timey hands-on jobs are getting a new look—and some of those professions even have shortages. Consider tailors. Sewing is
Will college get fixed? – Marginal REVOLUTION
That is the topic of my latest Free Press column. Here is one excerpt: So schools will respond to cost pressures by letting quality deteriorate.
Revising Modern Principles
Here’s a revision I made to Modern Principles, my textbook with Tyler. Some things change dramatically, some things never change. The post Revising Modern Principles