Wednesday , February 19 2020
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Tag Archives: #noted

Brad DeLong's Grasping Reality 2020-02-18 15:18:11

Some of my thoughts, now two decades old, on Piketty and other issues. Surprisingly, I still think much the same as I did then: Brad DeLong: Bequests: An Historical Perspective https://www.bradford-delong.com/2014/04/bequests-an-historical-perspective-hoisted-from-the-archives-for-april-2-2014.html: 'Practically every major aspect of our system of inheritance today is less than two hundred and fifty years old. Two hundred and fifty years ago, inheritance proceeded through...

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Brad DeLong's Grasping Reality 2020-02-17 23:37:48

Kate Bahn and Austin Clemens: Equitable Growth’s Jobs Graphs: January 2020 Report Edition https://equitablegrowth.org/equitable-growths-jobs-day-graphs-january-2020-report-edition/: 'On February 7th, the U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of January. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data. Prime-age employment-to-population ratio increased to 80.6% in January, reflecting a...

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Brad DeLong's Grasping Reality 2020-02-17 23:08:20

Equitable Growth's great new hire Claudia Sahm on diversity in innovation: Claudia Sahm: The U.S. House Committee on Small Business https://twitter.com/Claudia_Sahm/status/1217559995597971462 had an important meeting on Enhancing Patent Diversity for America’s Innovators https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=110372. They heard from Andrea Ippolito… from W.E. Cornell.... “Who Becomes an Inventor in America? The Importance of Exposure to Innovation".... Why it is...

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Brad DeLong's Grasping Reality 2020-02-17 15:35:44

Milton Friedman on Trump Fed nominee Judy Shelton. Uncle Milton would be really, really unhappy to see this nomination approved: Milton Friedman (1994): Free-Floating Anxiety https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/NR_09_12_1994.pdf: 'In a recent Wall Street Journal op-ed piece (July 15) recommending a return to gold, Judy Shelton started her concluding paragraph: “Until the U.S. begins standing up once more for stable exchange rates as the starting point for...

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Worthy Reads from February 13, 2019

Information technology does not fit into a market economy very well. Organizations that focus on profit to the exclusion of all other goals have had a hard time staying dominant in technology industries. Perhaps Google has decided that it is time to focus on profit rather than on leading humanity into the information age: Graydon Saunders: I'm Going to Miss Google: "I mean, it'll be awhile, but they've gone and decided to die.... Rumour—highly plausible rumour—has it that the business...

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Brad DeLong's Grasping Reality 2020-02-11 23:14:58

Read this very nice piece by Equitable Growth young whippersnapper Raksha Kopparam summarizing the strong evidence that societal well-being is badly damanged by yet another pharmaceutical industry market failure: "killer acquisitions": Raksha Kopparam: Killer Acquisitions Lead to Decreased Innovation and Competition in the U.S. Prescription Drug Market https://equitablegrowth.org/killer-acquisitions-lead-to-decreased-innovation-and-competition-in-the-u-s-prescription-drug-market/:...

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Brad DeLong's Grasping Reality 2020-02-11 23:10:50

Dan Ziblatt argues that right-of-center parties, historically, have sought electoral success in broad-franchise political systems by attempting to focus attention on issues other than plutocracy: on clashes either between economic sectors; or over cultural, ethnic, and nationalist issues. In America, there has been another approach: to argue that conservative pro-plutocracy economic policies are what they are they claiming they will not do what they will do. I join Duncan black in...

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Brad DeLong's Grasping Reality 2020-02-11 23:08:53

This feature, started by Equitable Growth now-alumnus Nick Bunker, is always one of my monthly must-reads. The JOLTS data set is a uniquely valuable source of information: Raksha Kopparam and Kate Bahn: JOLTS Day Graphs: November 2019 Report Edition https://equitablegrowth.org/jolts-day-graphs-november-2019-report-edition/: 'Every month the U.S. Bureau of Labor Statistics releases data on hiring, firing, and other labor market flows from the Job Openings and Labor Turnover Survey, better...

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Brad DeLong's Grasping Reality 2020-02-11 23:06:23

I tried my cut on these issues in Project Syndicate a little while ago: https://www.project-syndicate.org/commentary/trolls-win-control-of-the-public-square-by-j-bradford-delong-2019-12. I think Annalee Newitz is doing a better job: Annalee Newitz: A Better Internet Is Waiting for Us https://www.nytimes.com/interactive/2019/11/30/opinion/social-media-future.html: 'Social media is broken. It has poisoned the way we communicate with each other and undermined the democratic process.... Erika...

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