Barry Eichengreen: Europe’s Poisoned Chalice of Growth http://www.project-syndicate.org/commentary/europe-growth-reform-by-barry-eichengreen-2015-04
Nathaniel Hendren: "I show adjusting for increased income inequality lowers the rate of U.S. economic growth since 1980 by roughly 15-20%, implying a social cost of increased income inequality in the U.S. of roughly $400 billion. Adjusting for differences in income inequality across countries, the U.S. is poorer than countries like Austria and the Netherlands, despite having higher national income per capita..." http://scholar.harvard.edu/hendren/publications/inequality-Deflatorinterpersonal-Comparisons-Without-Social-Welfare-Function
Zeynep Tufkeci: Facebook, Network Externalities, Regulation http://technosociology.org/?p=137
Must-Read: Wolfgang Münchau: Macroeconomists Need New Tools to Challenge Consensus http://equitablegrowth.org/?p=10524
Must-Read: Josh Zumbrun: Is Your Job ‘Routine’? If So, It’s Probably Disappearing http://equitablegrowth.org/?p=10526
Susan Boynton: A Tenured Professor On Why Hiring Adjuncts Is Wrong http://talkingpointsmemo.com/cafe/a-tenured-professor-on-why-hiring-adjuncts-is-wrong
Poemas del Río Wang (1939): "Seventy [five] years ago... a monumental military parade took place in the Polish city of Brześć. In view of the militarist spirit of the age there is nothing unusual in this. What is unusual is that the parade was held not by the Polish army, but by the Soviet Red Army and the Nazi German Wehrmacht--together..." http://riowang.blogspot.com/2009/09/brest-nazi-soviet-military-parade-23_25.html
Kane Baccigalupi: The Code Is Just the Symptom https://medium.com/@rubyghetto/the-code-is-just-the-symptom-c77f43b29320
Today's Must-Must-Read: Matthew Yglesias: A Chart Obamacare's Critics Have a Hard Time Explaining http://equitablegrowth.org/?p=10519
Must-Read: Simon Wren-Lewis: Macro Teaching and the Financial Crisis http://equitablegrowth.org/?p=10521
Max Roser: Income inequality: poverty falling faster than ever but the 1% are racing ahead http://www.theguardian.com/news/datablog/2015/mar/27/income-inequality-rising-falling-worlds-richest-poorest?CMP=share_btn_tw
Christopher Null: Bryan Davis Says He Can Make 20-Year-Old Rum in 6 Days http://www.wired.com/2015/04/lost-spirits/
Daniel Davies: Digital Locability and Interocular Trauma: CEOs say the dumbest things, part xxxx https://medium.com/bull-market/digital-locability-and-interocular-trauma-973397192975
>Roger Farmer: "Free trade in the financial markets does not lead to Pareto efficient outcomes. And, as we have learned only too painfully; pain on Wall Street leads to pain on Main Street. Monetary policy cannot ensure financial stability and stable prices with only one instrument. We must manage the risk composition of the central bank’s balance sheet as well as its size..." http://rogerfarmerblog.blogspot.com/2015/04/new-solutions-to-old-problems.html#more
John Lukacs: Monsters Together: Review of Roger Moorhouse, "The Devils' Alliance" http://www.nybooks.com/articles/archives/2015/apr/23/hitler-stalin-monsters-together/
Izabella Kaminska: "You know what they say about ETFs… (REALLY good shorting vehicles for hedge funds and smart money in general.) And you know what they say about ETF launches… (If we build it to satisfy the shorting needs of the smart money, the long dumb money will surely come…)" http://ftalphaville.ft.com/2015/04/13/2126382/this-is-nuts-whens-the-crash-26/
Rachel Emerson: “Don’t Lecture Me; I’m Trying to Learn!”; How Effective Are Lecture-Based Classes? http://www.rangerpulse.com/?p=9001#pq=Vogh4N
Harry Holzer: Creating skilled workers and higher-wage jobs http://www.brookings.edu/research/opinions/2015/04/10-skilled-workers-higher-wage-jobs-holzer?rssid=LatestFromBrookings
Must-Read: Max Sawicky: Work Makes Fritos http://equitablegrowth.org/?p=10447
Must-Read: Pro-Growth Liberal: EconoSpeak: Jeffrey Sachs’ Feeble Defense of David Cameron http://equitablegrowth.org/2015/04/13/must-read-pro-growth-liberal-jeffrey-sachs-feeble-defense-david-cameron/
Today's Must-Must-Read: Gavyn Davies: Who Is Right About the Equilibrium Interest Rate? http://equitablegrowth.org/2015/04/13/todays-must-must-read-gavyn-davies-right-equilibrium-interest-rate/
Chris Messina: The Full-Stack Employee https://medium.com/@chrismessina/the-full-stack-employee-ed0db089f0a1>
Philippe Legrain: The Eurozone’s False Recovery http://www.project-syndicate.org/commentary/eurozone-false-economic-recovery-by-philippe-legrain-2015-04
Karl Marx: Critique of the Gotha Programme https://www.marxists.org/archive/marx/works/1875/gotha/ch01.htm>
Morning Must-Read: The American Prospect 25th Anniversary http://equitablegrowth.org/?p=10411
Today's Must-Must-Read: Noah Smith: What Causes Recessions? http://equitablegrowth.org/?p=10413
Tia Ghose: "'Climate change is going to lead to overall much drier conditions toward the end of the 21st century than anything we've seen in probably the last 1,000 years,' said Benjamin Cook.... But despite the drier conditions and the apocalyptic headlines, California is unlikely to become a parched, uninhabitable hellscape, experts say..." http://www.livescience.com/50417-california-drought-future.html
Robert Parenteau: Draghi's Doom Loops: More than Just the Euthanasia of the Rentiers http://beta.ineteconomics.org/ideas-papers/blog/draghis-doom-loops-more-than-just-the-euthanasia-of-the-rentiers
Walter Jon Williams: "And as a thirteen-year-old I read Heinlein and I believed everything Uncle Bob told me: I believed we should bring back flogging (Starship Troopers), practice Upton Sinclair’s version of socialism (Beyond This Horizon), and practice Free Love (Stranger).... When I re-read the book in college, I had the feeling that my kindly uncle was something of a blowhard. Now that I’m older, I’m finding the avuncular voice just the least bit condescending.... Still... I have to say that this is a very remarkable book, particularly for one that was composed in the Eisenhower Administration.... Stranger. Wow. Nothing like it." http://www.walterjonwilliams.net/2015/04/revisiting-the-classics
Chris Carroll (2001): A Theory of the Consumption Function, With and Without Liquidity Constraints http://www.econ2.jhu.edu/people/ccarroll/ATheoryv3JEP.pdf
Diane Coyle: "I finished Inequality: What Can Be Done? by Tony Atkinson, and think it’s great. If you’re only going to read one book on the subject, this is more useful than Piketty.... His main focus is how firms make these choices and exercise their market power. What constraints do they face? This depends on the state, and on corporate governance, and on finance. All of these offer paths to influencing income distribution..." http://www.enlightenmenteconomics.com/blog/index.php/2015/04/inequality-what-is-to-be-done
Afternoon Must-Read: Nick Bunker: Job Turnover and Workers’ Wellbeing http://equitablegrowth.org/?p=10379
Bonnie Cha: Apple Watch Apps: What to Expecthttps://recode.net/2015/04/08/apple-watch-apps-what-to-expect
Morning Must-Read: John Gruber: The Apple Watch http://equitablegrowth.org/?p=10371
Morning Must-Read: Bill Gurley: Investors Beware: Today’s $100M+ Late-stage Private Rounds Are Very Different from an IPO http://equitablegrowth.org/?p=10351
Lunchtime Must-Read: Olivier Blanchard: Contours of Macroeconomic Policy in the Future http://equitablegrowth.org/?p=10340
Mark Thoma: How Sticky Wages and a Flock of Ducks Can Guide Economic Policy http://www.thefiscaltimes.com/Columns/2015/04/07/How-Sticky-Wages-and-Flock-Ducks-Can-Guide-Economic-Policy
Carter Price: Where do the beneficiaries of the Affordable Care Act live?: A Technical Appendix http://d3b0lhre2rgreb.cloudfront.net/ms-content/uploads/sites/10/2015/04/06173058/040715-aca-techapp.pdf
Today's Must-Must-Read: Ann Marie Marciarille: Teeth Whitening at the Supreme Court: The Antitrust Limits of Professional Sovereignty http://equitablegrowth.org/?p=10335
Noah Smith: "[Sad Puppies] is basically an experiment in politics-based affirmative action, similar to what Jonathan Haidt wants to inflict upon American universities, but more extreme. My instinct says that it will produce a deluge of craptastic crap" http://noahpinionblog.blogspot.com/2015/04/the-hugo-award-silliness.html
Liz Schott: "This [Kansas] provision makes it nearly impossible for a recipient who does not have a checking account to pay rent..." http://www.huffingtonpost.com/2015/04/04/kansas-welfare_n_7001116.html
Morning Must-Read: Ben Bernanke: Should monetary policy take into account risks to financial stability? http://equitablegrowth.org/?p=10338
Matthew David Surridge: "I declined a Hugo nomination for this year’s Best Fan Writer award. I think it’s only fair to the people who voted for me to say why. Be warned, this is going to take a while.... My discomfort with being put forward on the Puppy slates come from... the way Torgersen described the thinking and goals of the Sad Puppy project[:]... 'SAD PUPPIES simply holds its collective hand out — standing athwart “fandom” history--and yells, “Stop!”.... SF/F literature seems almost permanently stuck on the subversive switcheroo. If we’re going to do a Tolkien-type fantasy, this time we’ll make the Orcs the heroes, and Gondor will be the bad guys. Space opera? Our plucky underdogs will be transgender socialists.... Planetary colonization? The humans are the invaders and the native aliens are the righteous victims.... Why did we think it was a good idea to put these things so much on permanent display, that the stuff which originally made the field attractive in the first place--To Boldly Go Where No One Has Gone Before!--is pushed to the side?..." http://www.blackgate.com/2015/04/04/a-detailed-explanation/
Ben Adler: "What do conservative policy intellectuals think about climate change?... Prominent conservative carbon tax supporters... Hank Paulson... Bob Inglis... Doug Holtz-Eakin.... The Adapters... Jim Manzi... Ramesh Ponnuru... Reihan Salam... Ross Douthat... Lee Lane.... The Handwringers... Greg Mankiw... Michael Gerson... David Brooks... Eli Lehrer.... The Deans of Denialism... George Will... Charles Krauthammer... Fred Barnes... Paul Gigot... Benjamin Zycher... Rupert Darwall" http://grist.org/politics/what-do-conservative-policy-intellectuals-think-about-climate-change
Diane Coyle: Do Economic Crises Reflect Crises in Economics? http://www.stifterverband.de/oekonomie/coyle.pdf
Afternoon Must-Read: Daniel Davies: A Cynic’s Guide To Fintech https://medium.com/p/3cd0995e0da3
Afternoon Must-Read: Paul Krugman: John Galt Hates Ben Bernanke http://krugman.blogs.nytimes.com/2015/04/03/john-galt-hates-ben-bernanke
Morning Must-Must-Read: Eric Lonergan: The Pigou Effect Is Smarter than You Think http://equitablegrowth.org/?p=10299
Lunchtime Must-Read: Henry Aaron: Government Spending Can Cut the U.S. Deficit http://equitablegrowth.org/?p=10285
Tim Duy: Thoughts on Yellen's Speech http://economistsview.typepad.com/timduy/2015/03/thoughts-on-yellens-speech.html
Erik Sandberg-Diment (1985): "The real future of the laptop computer will remain in the specialized niche markets. Because no matter how inexpensive the machines become, and no matter how sophisticated their software, I still can't imagine the average user taking one along when going fishing." http://www.nytimes.com/1985/12/08/business/the-executive-computer.html
Morning Must-Read: David Warsh: Back to Cranks at AEI http://equitablegrowth.org/?p=10280
Dean Baker: Tyler Cowen's Three-Card Monte on Inequality http://www.cepr.net/index.php/blogs/beat-the-press/tyler-cowens-three-card-monte-on-inequality
Morning Must-Read: Justin Fox: Are Money Managers Lemmings? http://equitablegrowth.org/?p=10282
Today's Must-Must-Read: Simon Wren-Lewis: Do Not Underestimate the Power of Wrong Microfoundations! http://equitablegrowth.org/?p=10263
Carola Conces Binder: Politicians or Technocrats: Who Splits the Cake? http://carolabinder.blogspot.com/2015/03/politicians-or-technocrats-who-splits.html
Jack Jenkins: How Conservatives Tried (and Failed) to Make Christianity About Being Anti-LGBT http://thinkprogress.org/lgbt/2015/04/04/3642970/conservatives-tried-failed-make-christianity-anti-lgbt
Paul Krugman: "Mervyn King... at Princeton... had a lot of interesting things to say — boy, is he hard on euro area policymakers, and as I heard him he’s surprisingly sympathetic to the current Greek leadership..." http://krugman.blogs.nytimes.com/2015/04/03/symmetric-scots/?smid=tw-NytimesKrugman&seid=auto
Amanda Marcotte: "http://www.georgerrmartin.com/excerpt-from-the-winds-of-winter/ "Book loyalists, I think it’s becoming clear that Game of Thrones is forcing Martin to release more chapters." https://twitter.com/AmandaMarcotte/status/583684235753431041
David Pierce: iPhone Killer: The Secret History of the Apple Watch http://www.wired.com/2015/04/the-apple-watch
M.G. Siegler: [A Tale Of Two Wearables https://medium.com/five-hundred-words/a-tale-of-two-wearables-9ba29e3b4443
Today's Must-Must-Read: Ben Zipperer: Weak U.S. Employment Gains and Wage Growth http://equitablegrowth.org/2015/04/03/todays-must-must-read-ben-zipperer-weak-u-s-employment-gains-wage-growth
Eric Lonergan: Was Milton Friedman the Last Economist? http://www.philosophyofmoney.net/share/?p=1401&preview=true#_ftn4
Afternoon Should-Read: Zeynep Tufekci: A Brief Primer on Human Social Networks, or How to Keep $16 Billion In Your Pocket https://medium.com/@zeynep/a-brief-primer-on-human-social-networks-or-how-to-keep-16-billion-in-your-pocket-c290c8ac23dd
Philippe Weil: [Overlapping Generations: The First Jubilee http://isites.harvard.edu/fs/docs/icb.topic1002789.files/Week%209%20-%20October%2025%20and%2027/Weil-Overlapping%20generations-the%20first%20jubilee.pdf
Paul Samuelson: An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money https://server1.tepper.cmu.edu/Phd/DCA/samuelson.pdf
Dan Drezner: How can the Iran deal fall apart? Let me count the ways http://www.washingtonpost.com/posteverything/wp/2015/04/03/how-can-the-iran-deal-fall-apart-let-me-count-the-ways
Morning Must-Read: Elise Gould: Too Soon to Sound the Alarm, but March Jobs Numbers Should Give Us Pause http://equitablegrowth.org/?p=10226
Morning Must-Read: Dean Baker: The Housing Bubble and the Financial Crisis #25,452
Noam Scheiber: "Ted Cruz, Marco Rubio and Rand Paul — all made a striking confession: They considered ‘the increasing gap between rich and poor’ to be a problem. But on the question of whether the government should intervene to solve it, Mr. Cruz and Mr. Paul rejected that approach, and Mr. Rubio appeared to agree with them..." http://www.nytimes.com/2015/03/30/business/candidates-and-wealthy-are-aligned-on-inequality.html
Paul Krugman: "[Jeb] Bush is leaning on Glenn Hubbard and Kevin Warsh.... Hubbard is a competent economist, when he wants to be. But some people may recall that he went around loudly proclaiming that the ‘Bush boom’ proved the efficacy of tax cuts, while Obamacare was a huge drag on business.... Warsh... was a striking exemplar of... the self-proclaimed wise man who urges us to ignore basic macroeconomics in favor of assertions about market psychology... that aren’t even borne out by market prices..." http://krugman.blogs.nytimes.com/2015/04/01/jeb-bourbon
Morning Must-Read: Dean Baker: The Housing Bubble and the Financial Crisis #25,452 http://equitablegrowth.org/?p=10220
Deborah Boucoyannis: Adam Smith Is Not the Sntidote to Thomas Piketty http://www.washingtonpost.com/blogs/monkey-cage/wp/2014/04/22/adam-smith-is-not-the-antidote-to-thomas-piketty
Morning Must-Read: Edward L. Glaeser and Charles G. Nathanson: An Extrapolative Model of House Price Dynamics http://equitablegrowth.org/?p=10218
Carter Price: Latest U.S. economic growth numbers highlight corporate investment http://equitablegrowth.org/news/latest-u-s-economic-growth-numbers-highlight-corporate-investment
Morning Must-Read: Nick Bunker: How Much Does Job Search Matter for Job Switching? http://equitablegrowth.org/?p=10215
Morning Must-Read: Cardiff Garcia: The Maddening Bond-Market Conundrum-Redux Conundrum http://equitablegrowth.org/?p=10210
Eric de Carbonnel: Extracts from Frank Vanderlip, "From Farm Boy to Financier" http://www.marketskeptics.com/2009/06/frank-vanderlip-and-creation-of-federal.html
Morning Must-Watch: Jared Bernstein: Our Full Employment Event… The Video! http://equitablegrowth.org/?p=10208
Today's Must-Must-Read: Greg Ip: Hard Decisions on Easy Money: Growth Now or Turmoil Later? http://equitablegrowth.org/?p=10200
Morning Must-Read: Gary Burtless: Employment impacts of the Affordable Care Act http://equitablegrowth.org/?p=10194
Morning Must-Read: Pedro Nicolaci Da Costa: On Larry Ball and Sub-5% Unemployment http://equitablegrowth.org/?p=10196
David Gerrold: "William Lehman has written a screed.... I kinda pull rank. He points to Star Trek.... Lehman has completely missed the point.... Gene Roddenberry was one of the great Social Justice Warriors. You don't get to claim him or his show as a shield of virtue for a cause he would have disdained..." https://www.facebook.com/david.gerrold/posts/10204973223422658
Evan Osnos: "How Xi Jinping, an unremarkable provincial administrator, became China’s most authoritarian leader since Mao..." http://www.newyorker.com/magazine/2015/04/06/born-red?mbid=social_twitter
Ken Doctor: [Newsonomics: BuzzFeed and The New York Times play Facebook’s ubiquity game http://www.niemanlab.org/2015/03/newsonomics-buzzfeed-and-the-new-york-times-play-facebooks-ubiquity-game/
William Shepherd: [Letter from Jekyll Island
Evan Osnos: "How Xi Jinping, an unremarkable provincial administrator, became China’s most authoritarian leader since Mao..." http://www.newyorker.com/magazine/2015/04/06/born-red?mbid=social_twitter
David Gerrold: "William Lehman has written a screed.... I kinda pull rank. He points to Star Trek.... Lehman has completely missed the point.... Gene Roddenberry was one of the great Social Justice Warriors. You don't get to claim him or his show as a shield of virtue for a cause he would have disdained..." https://www.facebook.com/david.gerrold/posts/10204973223422658
Morning Must-Read: Pedro Nicolaci Da Costa: On Larry Ball and Sub-5% Unemployment http://equitablegrowth.org/?p=10196
Lois McMaster Bujold: Uncle Hugo's: Interview with Miles Vorkosigan http://www.unclehugo.com/prod/ah-bujold-lois-more.php
Morning Must-Read: Gary Burtless: Employment impacts of the Affordable Care Act http://equitablegrowth.org/?p=10194
Samuel R. Delany (1998): Racism and Science Fiction http://www.nyrsf.com/racism-and-science-fiction-.html