Assorted links

1. Markets in everything, for Chas.

2. Russ Roberts comments.

3. Comment or vote (short video from Jonathan Rauch), “Trolls belong under bridges.”

4. The Jerusalem Post on TGS.

5. Are the wealthiest countries the smartest countries?

6. Exit interview with Larry Summers.

7. Great Stagnation debate, this coming Monday morning in DC, register here.

Comments

3. I already don't vote, so no problem here.

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(5) refers to the human capital literature in economics while committing the cardinal sin of econometrics: not controlling for endogeneity.

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I think you should file #5 under "Correlation is not causation".

Wealthy countries certainly produce smart people (more investment in general should mean more investment in human capital, infrastructure allows for more efficient education), which explains the correlation. The reverse is also a logical hypothesis, but hasn't been shown in this work at all.

Is there any evidence that education can produce smart people?

If you doubt the power of education alone, expand your field of vision to include nutrition, healthcare, stable institutions...all these things go along with industrialized societies but are on the to-do list of developing countries.

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Will people stop using troll as a noun already! It belongs in the garbage pail of our collective vernacular, right there with oft-misused linguistic nuggets like "begs the question", "irregardless" and the confusing "could care less." Not to mention that, when anyone over the age of 40 (and not a geek) uses the term "troll" as a descriptor, it reeks of forced relevance; like when my mom texts me "r u going 2 b having dnner 2nite?" I don't even know kids that type that poorly.

Also, I miss the preview button.

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Verbing weirds language.

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"Will people stop using troll as a noun already"

.....that trailing "already" sounds like teen-speak to me. Then again, I'm no native English speaker.

Why would you even comment on something like that if you're not a native English speaker?? I would say it indicates a person probably younger than 40.

I'm closer to 40 than 19, sadly. And more curmudgeonly than a septuagenarian.

Not a native speaker either, but I could swear troll was a noun...

It is. OP is clueless

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Trolling is a fishing term i.e. putting a line out to see if you can get a bite. A troll is a mythological creature that usually lives in isolation. The later has come into wide use in the last 10 years because most people don't fish and so incorrectly infer the origins of the term. Not to mention that the conjured image of a fat boil-covered troglodyte pecking away at the keyboard does feel rather appropriate given the context.

Irregardless, just because a word has come into widespread use doesn't make it any less incorrect.

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"Irregardless, just because a word has come into widespread use doesn’t make it any less incorrect."

That kind of begs the question, doesn't it?

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The top 5% minds: One interesting measure of Ayn Rand's pyramid of ability!

Should compare & combine with La Griffe's "smart fraction theory," and update it with another decade of data.

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5. What about the smartest moving to the countries where they can earn the most...i.e. the wealthy ones. As above commenter mentioned, correlation, perhaps not causation.

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