via MR Can efforts to eradicate inequality in wealth and education eliminate intergenerational persistence of socioeconomic status? Or would the rich and powerful be able… Read More »Remember the name: Persistence of wealth through China’s revolutions
Recommended. Abstract We show that any cross-national measure of human material wellbeing that is (i) basics (not luxuries),(ii) general (uses indicators from multiple domains), and(iii)… Read More »“Empirically sufficient and empirically necessary” – Lant Pritchett on economic growth as the (only) key to poverty reduction
Here’s Joseph Schumpeter laying out some key features of the importance of (capitalist?) economic growth in 1942. [This Lant Pritchett on broad based economic growth… Read More »Joseph Schumpeter on qualitative gains from capitalist growth
Joseph Schumpeter’s Capitalism, Socialism and Democracy is (apparently) “the third most cited book in the social sciences published before 1950, behind Marx’s Capital and The… Read More »Schumpeter on primitive accumulation and Marx’s guffaw
Two recommendations today, one via Marginal Revolution, the other from Hacker News, both worth the time. Manvir Singh on the Myth of Primitive Communism In… Read More »Primitive Communism and Armadillo Legs; Jangle, Fuzz and Transcendence
Highlights from Cowen and Roberts’ recent conversation on Econtalk. On reading for love Cowen: …don’t read stuff you don’t love reading. That’s the simplest point… Read More »Love and Clusters: (more from) Tyler Cowen and Russ Roberts on Reading and How to Read
I love it when people describe writing a blog, or writing on the internet, as “popularizing” economics or something similar. That is a sign they… Read More »Tyler Cowen on Writing on the Internet, and Network Value Creation
For those who came in late, the computer games industry has been bigger than Hollywood for a while. I came across this helpful graph in… Read More »When did the video game industry overtake Hollywood and the music industry?
This interview on the 80,000 Hours podcast with Rachel Glennerster (chief economist at the UK’s Department for International Development and former executive director of J-PAL)… Read More »Recommendation: Rachel Glennerster on Poverty, Global Development, Randomised Controlled Trials and more
Hat-tip to the excellent Oliver Burkeman and his 4000 Weeks. An interesting combination of the thoughtful, the fun, and the terribly naive from the great… Read More »Keynes on Purposiveness, Not Loving your Cat, and Ending Up in a Jam