Tyler Cowen
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Another rationale for sticky prices?
…what can be predicted, Dabis said, is that a recent policy change by the Washington Metropolitan Area Transit Authority requiring drivers to verbally quote the $2.25 fare to passengers may make their…
Adolfo Bioy Cesares delay
My Amazon shipment is postponed from this fall until April 11, 2028 (!). Will it ever come? Of course this is the fantastic, and long, Bioy Cesares book Borges, his memoir of their friendship.
That was then, this is now
I very much like the new Michael Khodarkovsky book The Steppe and its Empires: The Russian Empire & its Eurasian Counterparts.
A Conservative Case for Liberal Immigration
That is the title of my latest Free Press piece, here is one excerpt: Or look at the AI revolution, another area where America is leading the world and also using its AI models to exert soft power.
Intergenerational mobility of immigrants in 15 destination countries
We estimate intergenerational mobility of children of immigrants in fifteen receiving countries. Children of immigrants have somewhat lower income than children of local-born parents.
The Economics of a Shrinking World
From Jesus Fernandez-Villaverde and Patrick Norrick: As of 2026, humanity is likely below replacement fertility. That has never happened before, not in wars or pandemics.
Adding to the barrel of finance fallacies
“I should note also that many (most? almost all?) of the bad scenarios have intermediate points of great worry and catastrophe” Not on my model.
Those old (new?) service sector jobs
An ability to mimic the shrieks of langur monkeys may not seem like a bankable skill, but for some Indians it has become a job, if not a calling.
My very interesting Conversation with Daron Acemoglu
Here is the audio, video, and transcript.