by Tyler Cowen
on June 8, 2011 at 12:24 pm
1. Critique of TGS, by Kindred Winecoff.
2. Why the epidemic of mental illness and depression?
3. Tugboats and Arctic icebergs.
4. Germany’s Great Stagnation, and David Leonhardt on Germany.
5. Robert Townsend on how Thais rise out of poverty.
6. Is there an IPO cartel?
#3 Would it be easier to chip the iceberg and move the chippings instead….
It might be easier (probably not) but it’s bound to be a lot more expensive.
well, it is quite okay to say, that there is no stagnation for the idea of the great stagnation
2. “For obvious reasons, drug companies make very sure that their positive studies are published in medical journals and doctors know about them, while the negative ones often languish unseen within the FDA, which regards them as proprietary and therefore confidential. This practice greatly biases the medical literature, medical education, and treatment decisions.”
Ho hum. So much for death panels.
Every time MR posts a link referring to “TGS” I get overly excited that someone came up with a witty economic analysis of 30 Rock…..then I get disappointed.
“2. Why the epidemic of mental illness and depression?” I was in hospital last week, being assessed to see how fit I was. (I’ve been ill.) The physiotherapists did their duty, which included taking me through a questionnaire which seemed to invite me to classify myself as depressed. Had I not robustly laughed it off, I might have joined the epidemic. Though perhaps robustly laughing it off means that I’ve secretely joined a different epidemic.
The epidemic of those who ARE depressed but are self-deceived about it? Joking aside, I hope all is well. Robust laughter is a tonic, too, by the way.
The physiotherapists? Not enough limbs to massage?
I suspect that one was an apprentice.
2 – Income inequality contributes to this.
Steve Sailer drove him to it.
Every single problem in the world is apparently caused by inequality. Even inequality is caused by inequality. I’ve heard that Weiner will blame inequality for his stupid Twitter brouhaha.
#3: Those wacky Saudis and their oil money. It’s interesting, but I doubt it’s really competitive with desalination.
A question regarding the Great Stagnation: does the hypothesis in the Great Stagnation that innovation has slowed down also apply to the development of economic theory from the 1970s on?
A related question I ask myself is: as a current PhD student, should I focus on coming up with a new big idea, or rather, should I find a small area of theory and add a handful of variables to the existing model and have a relatively minor impact on the profession?
6 – I’m not persuaded. IPO placements are not a commodity, and the investment banks that carry them out are competing on many dimensions other than the fees. I don’t think collusion, even implicit collusion, needs to be part of the explanation.
Think about how brand name realtors took a 6% cut of almost every home sale in the U.S. for years. This wasn’t because of any great difficulty for people to become real estate agents. Rather, it was because the brand name realtors got the message out that their superior marketing and negotiating advantages would give the home buyer or seller a better price that would make the extra commission worthwhile.
It’s only recently that this real estate “cartel” has broken down as the Internet has made it easier for buyers and sellers to perform many of the realtors’ services on their own behalf. The only analogue I can think of in the IPO sector is Google, which was big enough, famous enough, and savvy enough to manage a lot of its own IPO.
This shows which they last very much lengthier and thus saving you income which could otherwise are actually utilized to purchase new ones.
This shows which they last very much lengthier and thus saving you income which could otherwise are actually utilized to purchase new ones
Mobile, yes, realtors’ 6% is a very similar situation. A somewhat different situation is hedge funds, which virtually all charge 2 and 20, while appearing more competitive than realtors or investment banks.
#2 (though I didn’t read the article):
It’s probably because nowadays there’s medication. If you’re depressed or anxious, and there’s nothing to do about it, there’s not much point in getting a diagnose.
Why so many on perscription psychoactives? Anyone who sits in a psychiatrist’s chair for 45 minutes WILL walk out with a diagnosis. It doesn’t matter if you have the mental illness in question (if it even exists), because the DR. can’t bill insurance otherwise. They don’t make any money.
Also, can anyone explain the explosion of ant-depressant advertisements on TV? Think about it. When was the last time you ever saw an ad for insulin or HIV anti-virals?
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