Infovore, onetime IT services pro, wannabe economist. 🇺🇦

East Lansing, MI
Joined January 2016
My dream intergenerational debate would be between second-best-recycler Joseph Heath @InDueCourseBlog and this-time-is-different-because-of-Rawls-believer @bengrossbg. They could start here: josephheath.substack.com/p/r…
27
This paper is what I have been yelling about for a few years now: the true danger in empirical social sciences is more often "researchers degrees of freedom" in design, data curation, measurement, choice of method. The big threat is not outright fraud or p-hacking (although these are problems) or even biases against publishing null results. Its those hundreds of small choices researchers make when preparing their papers -- none of which are sins of omission or commission. They're good faith human decisions with no malice. Yet, two equally good faith moves can generate different results. This apparently forthcoming paper in Journal of Economic Literature asked 146 research teams to estimate the same causal effect using the same underlying data. In unconstrained setups, they arrived at massively different results. Even in more constrained setups (with more directives), they showed differences. All of which came from picking the design and curating the data (cleaning). Huge! I would reformulate the problem as unexamined researcher degrees of freedom, rather than methodological freedom itself! Indeed, what we need is a strong contestability (and good faith) to point out what could be happening.
18
54
5
360
19,435
From @nescio13 "I don’t think either social planning or neo-liberalism causes the popularity of fascism. Fascism itself is an enduring possibility." digressionsimpressions.subst… 1/3
1
1
109
It repeatedly strikes me how clearly left (e.g., @BrankoMilan ) and conservative writers (@nescio13) see this vs. how obdurately centrist commentators (like myself) see authoritarian preferences as fixable indications of policy failures or last-resort expressions of grievances. 2/3
1
1
1
1,166
Of course, both stances are true with respect to some voters. But it's sobering, pre-election, to look up from the intense, preoccupying, fantastically expensive contest for swing votes--and contemplate the Great Divide. 3/3
1
1
97
The puzzle here is that, while "consumption" may be a normal, diminishing-marginal-utility good, money isn't. One possible reason is that, at a certain level, money buys influence, recognition, and power--cravings that are not in the comfort zone of standard economic theory.
Seeing the tsunami of comments, I realize the irony: You are right that I was admitting to puzzlement at the fact that (many, not all) centi-billionaires act like the homo economicus of the basic economic textbook😀: They maximize utility (or at least wealth), try to keep as much as they can, and the hell with other motives. And, indeed, this is what puzzles me. I would have thought (but this is the left wing me…) that they would care about more, including the welfare of others less lucky, and would be willing to pay the tax. That they might even volunteer to help (a few of them actually do). I hear from the comments (although I suspect none comes from a centibillionaire…) is that maybe they care (although some of the comments are : Why should they?). But, even if they do, they do not trust the government not to come back with another “one time tax”. And that money given to the government is a waste of money. This may indeed be the reason, and I should not have been surprised. I am afraid that there is not much the CA state can do in terms of credible commitments not to come back for more. But on the waste argument. The centibillionaires could have come back and offered public private partnerships to fund specific projects that they find worth funding. (Or maybe the state could have offered them)
35
With Lang, you have to prove your way out of samsara.
Eu menti, n tenho netflix. A gente vai estudar matematica com Serge Lang até encontrar a saida de samsara Bom dia
1
2
47
Tom Barson retweeted
If you teach Money in some course, and do not include this paper by @i_aldasoro in your syllabus, you're a bad teacher. Formidable article, the clearest and among the best expositions on money and credit. Mandatory reading. bis.org/publications/paper-1…
3
28
2
170
13,365
It's worth mentioning that this (delightful) textbook does not follow the usual order of presentation. When excited about ideas (which is all the time), Strang always wants to show students where they lead. 1/n
"Calculus" by Gilbert Strang is a free textbook from MIT that has become a true classic in mathematics education. With nearly 700 pages, it provides an exceptionally clear and comprehensive introduction to calculus, covering limits, derivatives and their applications, integration techniques, the Fundamental Theorem of Calculus, differential equations, exponential and logarithmic functions, infinite series, polar coordinates, complex numbers, vectors and matrices, multivariable calculus, partial derivatives, multiple integrals, and vector calculus. This book is an absolute must-have for anyone approaching calculus for the first time, but also an excellent reference for reviewing its fundamental concepts. I highly recommend adding it to your personal library as a valuable resource to consult whenever you need it. ocw.mit.edu/courses/res-18-0…
1
1
64
There is an OpenStax Calculus series, edited by Jed Herman, that takes much of the material from Strang's text and reorders it for the standard Calculus I, II, III course sequence. Also free, but the priceless Strang quirkiness is missing. 2/2
8
Tom Barson retweeted
So over-the-moon-thrilled that Bob Hall won the Nobel Prize in economics today. We have been friends and coauthors for more than 30 years, and I've learned so much from him! A few stories: 1/N
1
70
5
436
45,055
RT @JonSteinsson: Just a personal addendum: Mike was my undergraduate thesis advisor at Princeton. This was a transformative experience. On…
This quoted post is unavailable.
Exactly. As agents of human principals, we can judge LLMs' actions by"real-world" human standards (and hold their principals to account by same) without knowing what they "really" are.
This quoted post is unavailable.
60
It was also an amazing 1951 novel, boith brutally realistic and somehow exalted, by Nicholas Monsarrat.
The fictional Flower-class corvette HMS Compass Rose (K49) that appeared in the 1953 film 'The Cruel Sea' was actually the real-life warship HMS Coreopsis. The vessel, which served as a convoy escort in the Second World War, was scrapped shortly after filming these scenes.
1
39
This is hard, thankless work. Taking the "something is wrong claim seriously and sorting out the serious assessments from "studies" that are as slanted as the practices they criticize. Thanks to @sndurlauf for taking this on.
Here is the Vanderbilt-Washington St. Louis report on the state of anthropology, by Joseph Henrich @JoHenrich. It is the most systematic of the reports issued so far and it is the most devastating. (The Morson report on literary studies is arguably even more critical, but is is a very weak report.) Henrich's argument is systematically laid out with ample evidence. The status of autoethnography represents as clear an example of epistemic decay as one can imagine. As for politicization, the examples speak for themselves and cannot be dismissed as cherry picking. Henrich makes clear his position in the debates on the status of anthropology and should be lauded for this. He is also impressively circumspect in discussing various survey results with low response rates. My one surprise is that he did not address cultural relativism in anthropology in contexts such as the assessment of female genital mutilation, where the relativism bleeds into an untenable moral relativism. Henrich effectively uses the responses to the initial Commission on the State of Scholarship statement to buttress his arguments. He was too polite to note that, in an interview, she apparently did not know who he is. (Interview is slightly ambiguous on whether he did not recognize the name per se, but most favorable interpretation still very unflattering.) Especially embarrassing given Henrich's visibility in economics. vanderbilt.edu/principles/st…
1
115
Interesting take.
I had not realised before that the Bronze Age Collapse was literally *caused* by iron. Bronze age powers like the Egyptians, Hittites and Babylonians used bronze weapons, made by combining copper and tin. Tin was so scarce that only the richest and most powerful groups could access it and the bronze weapons it allowed. (Tin was so rare that it was being transported from Cornwall to the Middle East more than 1000 years BC.) The scarcity of tin gave these empires a near-monopoly on violence. Iron weapons are not actually any better than bronze ones – they're not stronger or easier to work with, as I'd assumed. They're just much, much easier to mass produce once you have bloomeries, which are the first furnaces that were hot enough to melt iron in a way that made them useable for weapons. Bloomeries meant that iron ore, which was widespread, could be used to make weapons anywhere. That led to warlords, bandits and city-states rising in a massive decentralization of military power, which the Bronze Age empires were unable to resist. After the invention of the bloomery, skeletons show a measurable increase in weapon-inflicted injuries. 'Destruction layers' with bones and signs of burning have been found from this time at archaeological sites including Troy. Ancient writers – including Herodotus, Ovid, and the writers of the Old Testament – believed the invention of iron had unleashed a new age of violence. New at Works in Progress, WEAPONS OF MASS DECENTRALIZATION: how iron itself brought about the Bronze Age Collapse. And what technologies could do the same today? worksinprogress.co/issue/wea…
68
A reminder that geopolitics -- immensely consequential, horribly destructive, and potentially catastrophic geopolitics -- never stops.
This quoted post is unavailable.
55
But it makes no sense. Such a craft could never act as a battleship, since any serious exchange of fire would likely put the flight deck out of commission. And the deck makes the vessel a bigger and easier target from the air.
Propuesta de conversión del Acorazado Yamato en un híbrido Acorazado-portaaviones. ¿Qué tal esta configuración?
1
71