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Small Steps Toward A Much Better World
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16 января, 21:25

The value of media attention for mass killers

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This study compared perpetrators of seven mass killings during 2013–2017 with more than 600 celebrities over the same time period. Findings indicate that the mass killers received approximately $75 million in media coverage value, and that for extended periods following their attacks they received more coverage than professional athletes and only slightly less than television […] The post The value of media attention for mass killers appeared first on Marginal REVOLUTION.

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16 января, 15:25

Modern Principles, 4th ed!

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Tyler and I are thrilled to announce the release of the 4th edition of our principles of economics textbook, Modern Principles. In the new edition we have fully integrated the microeconomics and macroeconomics videos that we have been producing for MRUniversity. No other textbook has anything like this wealth of supplementary material–putting it all together […] The post Modern Principles, 4th ed! appeared first on Marginal REVOLUTION.

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16 января, 14:45

Naomi Schaefer Riley reviews Bryan Caplan’s *The Case Against Education*

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From the WSJ, here is one excerpt: “Put yourself in the shoes of a Martian sociologist,” Mr. Caplan writes in “The Case Against Education.” “Your mission: given our curriculum, make an educated guess about what our economy looks like.” You might well “leap from one erroneous inference to another.” Given the amount of time teachers […] The post Naomi Schaefer Riley reviews Bryan Caplan’s *The Case Against Education* appeared first on Marginal REVOLUTION.

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16 января, 09:38

Tuesday assorted links

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1. “In fact, Shanika told us that if she had a choice she, ‘would not get rid of [her] voices.’” 2. Will the FCC create an Office of Economics and Analytics? 3. Randall Schweller defends Trump on foreign policy. 4. Can machine learning detect rude conversations?  And on what basis should the Fields Medal be […] The post Tuesday assorted links appeared first on Marginal REVOLUTION.

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16 января, 08:38

Why it is fun to travel around China

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I submit that really every part of China is worth seeing, not just Shenzhen, Shanghai, and Beijing. Sichuan, Guizhou, and Yunnan are very different from Guangdong and Fujian, which are not at all the same as Heilongjiang, Jilin, and Liaoning, which are so distinct from the Jiangnan, and on and on, to say nothing of […] The post Why it is fun to travel around China appeared first on Marginal REVOLUTION.

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15 января, 19:58

Monday assorted links

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1. Robert Boyle’s scientific wish list. 2. Is it privately rational for scientists to be dogmatists? 3. Genetic diversity of U.S. immigrants is positively correlated with county income. 4. Ross Marchand doesn’t like earmarks. 5. More Paul Romer on the Doing Business Index. 6. D.C. stores give away pot if you buy a $60 T-shirt. […] The post Monday assorted links appeared first on Marginal REVOLUTION.

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15 января, 15:26

Crime Imprisons and Kills

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…the most disadvantaged people have gained the most from the reduction in violent crime. Though homicide is not a common cause of death for most of the United States population, for African-American men between the ages of 15 and 34 it is the leading cause, which means that any change in the homicide rate has […] The post Crime Imprisons and Kills appeared first on Marginal REVOLUTION.

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15 января, 10:31

Is Legal Pot Crippling Mexican Drug Trafficking Organisations?

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Yes, it would seem.  The subtitle is “The Effect of Medical Marijuana Laws on US Crime,” the authors are Evelina Gavrilova, Takuma Kamada, and Floris Zoutman, and the outlet is The Economic Journal.  Here is the abstract: We show that the introduction of medical marijuana laws (MMLs) leads to a decrease in violent crime in […] The post Is Legal Pot Crippling Mexican Drug Trafficking Organisations? appeared first on Marginal REVOLUTION.

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15 января, 08:04

A few simple points about immigration

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I feel I am repeating myself, but these remain neglected: 1. The good outcomes for African immigrants to the United States mean we could and should take in more such immigrants, to mutual benefit. 2. In part these gains arise from selection, namely that it is not easy to get from Africa to the United […] The post A few simple points about immigration appeared first on Marginal REVOLUTION.

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14 января, 23:22

Claims about Bitcoin

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A single actor likely drove the USD/BTC exchange rate from $150 to $1000 in 2 months. That is from the JME, via the excellent Kevin Lewis.  It is worth noting that the single actor was right! The post Claims about Bitcoin appeared first on Marginal REVOLUTION.

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14 января, 20:10

I, Pencil Revisited

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Leonard Read’s essay I, Pencil showed how even simple objects like a pencil were produced only through the cooperation and coordination of many thousands of people all over the world who often knew neither one another nor even what their actions ultimately produced. Milton Friedman made the pencil metaphor famous in Free To Choose when […] The post I, Pencil Revisited appeared first on Marginal REVOLUTION.

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14 января, 20:00

Sunday assorted links

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1. Interview with Pandit Nayan Ghosh.  Could it be that Indian classical music, along with Bach-Brahms Germanic classical music, are mankind’s two greatest aesthetic achievements?  Shakespeare too?  And an interview with John Adams. 2. Is the Indian judiciary losing its independence? 3. Ralph Ellison reviews Gunnar Myrdal. 4. Niall Ferguson By the Book (NYT). 5. Parfitian […] The post Sunday assorted links appeared first on Marginal REVOLUTION.