Given the prestige economics holds as a profession under late capitalism, it's somewhat odd how little attention is paid to the genuine theoretical innovations of the economics profession. I was reminded of this most recently by George Will's recent column in the Washington Post, which I'll quote at length: "The recent bipartisan budget agreement, which signals that 12-digit … [Read more...] about Consumption smoothing is the best-theorized, least-implemented idea in economics
The lives of Americans my age are overwhelmingly defined by a single formative experience. Not the September 11 attacks, which happened at the beginning of my junior year of high school, but the global financial crisis. Obviously both events affected Americans of all ages old enough to remember them, but people my age had the unique privilege of entering the workforce during … [Read more...] about The high-employment generation
Canadian philosophy professor and YouTube hit Jordan Peterson recently attracted some attention when he published a book called "12 Rules For Life: An Antidote to Chaos," and a number of other folks on the internet got in on the act with their own "rules for life." You can read Peterson's rules here, if you're so inclined. I don't know whether they're good rules or bad … [Read more...] about Is intergenerational advice possible?
Immigration has emerged somewhat abruptly and I gather somewhat unexpectedly as a major political issue in 2018 due to the president's decision to end the Deferred Action for Childhood Arrivals program, which offered work permits and reprieve from deportation to immigrants who entered the United States without authorization as children (this group of immigrants is sometimes … [Read more...] about Five questions about immigration
I've recently read and listened to a number of interviews and stories about Harvard scholar Graham Alison's recent book "Destined for War: Can America and China Escape Thucydides’s Trap?" The book catalogues China's present and future rise as a great economic and military power, and describes 16 similar cases in history, with some resulting in war, and others peace. As the … [Read more...] about Why China doesn’t scare me