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
The Public Choice Outreach Conference!
The annual Public Choice Outreach Conference is a crash course in public choice. The conference is designed for undergraduates and graduates in a wide variety
Marginal Garfield
Marginal Garfield generates an original Garfield cartoon every day based on posts from Marginal Revolution! Here is the first strip. You can guess the post.
Physician Incomes and the Extreme Shortage of High IQ Workers
Physician incomes are extraordinarily high in the United States. A new NBER paper finds that U.S. physicians earn roughly two to four times as much
South African safari photo by Holly Cowen
The post South African safari photo by Holly Cowen appeared first on Marginal REVOLUTION. Source link