Singapore’s Pay Model Isn’t India’s: Market Wages vs. Civil-Service Rents
In my post How High Government Pay Wastes Talent and Drains Productivity I pointed to evidence that high government compensation in poorer countries creates tremendous
The Danger from Japan
Answer: America won. Every generation launches a new competitor to America and the people who don’t like capitalism and America’s individualist, free market economy trumpet
“A bunch of economists”
Here is the link. The post “A bunch of economists” appeared first on Marginal REVOLUTION. Source link
What to Watch (or Not): Ballard, Perfect Days, Billy Joel
Ballard (Amazon Prime) — I liked Bosch, so I had high hopes for this spinoff. The core premise—a team of misfits solving cold cases—is solid
Genius, Rejected: Emergent Ventures Versus the System
Quanta Magazine has a good piece on a 17-year-old student who disproved a long-standing conjecture in harmonic analysis: Yet a paper posted on February 10(opens a
The economics of the U.S. auto industry, a brief history
From Adam Ozimek: The economic value of the cars being made has climbed substantially through the years. As a result, real value added and industrial
Design Your Own Rug!
For my wedding anniversary, I designed and had hand-woven in Afghanistan a rug for my microbiologist wife. The rug mixes traditional Afghanistan designs with some
The Rising Cost of Child and Pet Day Care
Everyone talks about the soaring cost of child care (e.g. here, here and here), but have you looked at the soaring cost of pet care? On a recent
D’accord !
That is from the French embassy in the UK. The post D’accord ! appeared first on Marginal REVOLUTION. Source link
Technology Transfer and Development Economics
Willis Carrier invented modern air conditioning around 1904 but technological innovations often take a long time to travel to less developed regions of the world.