Assorted links


Regarding #4, I feel compelled to point out that any further comment would be inappropriate and unjustified.

#1, I was pretty disappointed with Bailey's review of TGS. was about as bad as Tyler's review of 13 bankers. I have yet to see even one comprehensively good (and I mean good, not necessarily positive) review of TGS. Too bad no one writing the reviews actually knows what Total-Factor Productivity is

Here's another -- Hayekian Realities Bring "Normal Science" to an End in Macroeconomics:

#2- So by this logic you can only work hard and get ahead if you are in a wealthy family. I think the fact that individuals move up and down the income quintiles (deciles, centiles, whatever) would undermine his argument. Anecdotally, the existence of wealthy liberals who feel guilty about their wealth (well maybe not) and favor redistribution and less wealthy folks who appreciate hard work and don't favor redistribution (What's the Matter with Kansas?) is problematic.

I don't and have not felt envious of those wealthier than me. I find it hard to understand why some people are so upset about inequality - I figure it's just a character defect.

Nothing's wrong with us. You don't stay on the land for a hundred years if you don't think you own efforts matter. It just doesn't turn as much as being a money manager.

Prices are also lower. If I could take a 10% pay cut and live MUCH better if I moved home.

Having said that, you do notice that Kansas has been going D quite a bit at the state level for quite a while.

But what #2 is really talking about is the self-fulfilling nature of the believes, at a national level. If your citizens believe that individual effort matters, they will oppose redistributionist policies, and create a society in which it DOES matter. Likewise, if your citizens believe that individual effort doesn't matter (much), they will support redistributionist policies, and create a society in which is DOESN'T (much).

They also show that there are strong self-reinforcing effects at the familial level which function quite independently of what is actually happening in the surrounding society.

What the paper leaves to the reader is the long-term results for a society which adopts one policy or the other. (Hint: consider the US verses Europe.)

"In Kahn’s optimistic scenario, U.S. per capita GDP in 2000 would have been $55,500; his pessimistic scenario projected per capita GDP in 2000 at $36,800. Actually, per capita 2000 GDP was $34,600, or about 60 percent lower than the optimistic projection. I suspect that Cowen would agree with the analysts at the Hudson Institute who blame the breakdown in American public education as a major cause for this lower-than-expected GDP growth. "

Do you agree? Bailey makes it seem like public education reform is an effective way to boost GDP. I thought your point was that there is no more low hanging fruit to be gained by reforming the public education system.

The Wittgenstein pdf comes with pop-up spam, and Kaspersky Antivirus claims it tries to run malware when you start the download....

nope, not here

The pdf itself appears clean...

Kahn wrote that book in 1967. I wonder if he factored in the economic travails of the late 60s to early 80s, or assumed an average growth each year. It is available in PDF (it's a scan of the hardcopy).

"Interestingly, Cowen notes that since 1970 we’ve doubled real per pupil expenditures in public schools; yet average reading and math scores have not improved [PDF]."

I haven't read TGS ... is this an accurate statement of your views, Tyler?

I ask because the document he links to demonstrates pretty clearly (to the extent that the figures are meaningful) that there have been tremendous improvements in the public schools since 1971. Achievement among black students in mathematics at age 9 and 13 is a full 34 points up. In theory, 10 points is a full grade level, so this is an improvement of a full 3.4 grade levels!!! In 4th grade!! This is huge!! There are improvements almost everywhere.

# 4 -- Collected, not complete. The Tractatus isn't included (different copyright I believe).

Greg, Tyler's links are not crowd-sourced. Until he makes a request-post.

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