Tuesday, June 30, 2015
Primer on the Greek Crisis
http://faculty.chicagobooth.edu/anil.kashyap/research/papers/A-Primer-on-the-Greek-Crisis_june29.pdf
http://rjwaldmann.blogspot.com/2015/06/washington-post-and-new-york-times-on.html
http://rjwaldmann.blogspot.com/2015/06/washington-post-and-new-york-times-on.html
Monday, June 29, 2015
Sunday, June 28, 2015
Friday, June 26, 2015
Big week for Supreme court decisions
If you have time, be sure to read.
http://images.politico.com/global/2015/06/26/14-556_3204.html
http://images.politico.com/global/2015/06/26/14-556_3204.html
Thursday, June 25, 2015
Broadband Speeds Are Improving in Many Places. Too Bad It Took Google to Make It Happen. | MIT Technology Review
On the other hand, the reason capitalism succeeds is that we get lucky. Companies working in their own self interest also benefit society sometimes.
Broadband Speeds Are Improving in Many Places. Too Bad It Took Google to Make It Happen. | MIT Technology Review
Broadband Speeds Are Improving in Many Places. Too Bad It Took Google to Make It Happen. | MIT Technology Review
Wednesday, June 24, 2015
Monday, June 22, 2015
Sunday, June 21, 2015
Saturday, June 20, 2015
The "hot hand" in basketball. New evidence! - Alpha ArchitectAlpha Architect
One of my favorite statistical debates.
The "hot hand" in basketball. New evidence! - Alpha ArchitectAlpha Architect
The "hot hand" in basketball. New evidence! - Alpha ArchitectAlpha Architect
Big Think | Videos, articles, and tips to help you succeed, from the world's leading experts
Ignore most single research findings. Wait and look for meta data.
Big Think | Videos, articles, and tips to help you succeed, from the world's leading experts
Big Think | Videos, articles, and tips to help you succeed, from the world's leading experts
Friday, June 19, 2015
Thursday, June 18, 2015
The time needed to fill jobs
The time needed to fill jobs
From the comments:
It’s encouraging that Cowen is less prone to mood affiliation; he is a scholar, first and foremost. The skills gap purveyors remind me of the authors of the study that concluded that the spike in employment in 2014 was attributable to the cutoff of unemployment benefits at the end of 2013. I don’t doubt that skills are relevant, as are policies that discourage work, but why latch onto politically convenient explanations for complex phenomena. A less politically convenient explanation for the “skills gap” is that employers don’t wish to invest in training the way they once did, in part because employment is no longer a lifetime commitment (from either the employer or the employee), in part because of recent experience and a hangover of pessimism about economic stability, in part because, well, there are likely many parts. When I was a young lawyer in the 1970s, the best law firms only recruited at the law schools, eschewing experienced lateral hires (those without a “skill gap”) because the firm wanted its lawyers to be trained in the firm way. Sure, there was a certain arrogance involved, but there was good reason for wanting the firm’s lawyers to reflect the firm’s approaching to lawyering. That seems quaint today, as law firms raid one another to fill the “skills gap” for whatever the latest hot market for lawyering skills (intellectual property, health care, whatever). And so it goes from law to banking to programming and down the line. The relationship between employer and employee has changed (indeed, the growing preference is for a relationship other than employer-employee), some say for the worse, others say for the better. My view is that we should adopt policies that encourage employment, and terminate policies that discourage employment, that we should adopt policies that encourage training, mutual commitment, and long-term employment, and terminate policies that discourage training, commitment, and long-term employment. That’s a tall order, much taller than attributing unemployment to the “skills gap”. - See more at: http://marginalrevolution.com/marginalrevolution/2015/06/the-time-needed-to-fill-jobs.html#sthash.HKaWtSpe.dpuf
From the comments:
It’s encouraging that Cowen is less prone to mood affiliation; he is a scholar, first and foremost. The skills gap purveyors remind me of the authors of the study that concluded that the spike in employment in 2014 was attributable to the cutoff of unemployment benefits at the end of 2013. I don’t doubt that skills are relevant, as are policies that discourage work, but why latch onto politically convenient explanations for complex phenomena. A less politically convenient explanation for the “skills gap” is that employers don’t wish to invest in training the way they once did, in part because employment is no longer a lifetime commitment (from either the employer or the employee), in part because of recent experience and a hangover of pessimism about economic stability, in part because, well, there are likely many parts. When I was a young lawyer in the 1970s, the best law firms only recruited at the law schools, eschewing experienced lateral hires (those without a “skill gap”) because the firm wanted its lawyers to be trained in the firm way. Sure, there was a certain arrogance involved, but there was good reason for wanting the firm’s lawyers to reflect the firm’s approaching to lawyering. That seems quaint today, as law firms raid one another to fill the “skills gap” for whatever the latest hot market for lawyering skills (intellectual property, health care, whatever). And so it goes from law to banking to programming and down the line. The relationship between employer and employee has changed (indeed, the growing preference is for a relationship other than employer-employee), some say for the worse, others say for the better. My view is that we should adopt policies that encourage employment, and terminate policies that discourage employment, that we should adopt policies that encourage training, mutual commitment, and long-term employment, and terminate policies that discourage training, commitment, and long-term employment. That’s a tall order, much taller than attributing unemployment to the “skills gap”. - See more at: http://marginalrevolution.com/marginalrevolution/2015/06/the-time-needed-to-fill-jobs.html#sthash.HKaWtSpe.dpuf
Wednesday, June 17, 2015
Monday, June 15, 2015
Friday, June 12, 2015
Thursday, June 11, 2015
Wednesday, June 10, 2015
Tuesday, June 09, 2015
Monday, June 08, 2015
Sunday, June 07, 2015
Saturday, June 06, 2015
Friday, June 05, 2015
Thursday, June 04, 2015
Wednesday, June 03, 2015
Tuesday, June 02, 2015
interfluidity � Bernanke on monetary policy and inequality
interfluidity � Bernanke on monetary policy and inequality:
The expansion of inequality since 1980 is a devil with many fathers. But it was not an inexorable fact of nature. It was the product of politics and policy and institutional arrangements that stripped US workers of bargaining power, and stripped US capital of tax obligations and ties to community. The Fed played a role in those arrangements, and not an unimportant role.
The expansion of inequality since 1980 is a devil with many fathers. But it was not an inexorable fact of nature. It was the product of politics and policy and institutional arrangements that stripped US workers of bargaining power, and stripped US capital of tax obligations and ties to community. The Fed played a role in those arrangements, and not an unimportant role.
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