Monday assorted links

1. List and ranking of economics blogs.

2. Dating in South Korea.

3. “Alex is a 43-year-old San Franciscan who works in the financial sector. He also eagerly eats uneaten and untouched leftover food off of plates if he spots it out in the open at a public dining establishment, even if it’s off a stranger’s plate…I’m very much a Libertarian and I kind of let people do whatever they want.”  Link here, hilarious throughout.

4. A short take on progress in Bangladesh.

5. Multinational offshoring was behind much of employment deindustrialization.

6. Pay transparency in Canada led to lower academic salaries.  And a smaller gender gap in salaries.


First on #1, where MR is ranked first.

Most of the other econ sites are drek, or dead, but these two are pretty good: (Mark Thoma)

ZeroHedge being the #1 Financial blog makes me wonder what their metrics were.

Probably avg. page views by new visitors.

I saw in 2016 ZH was getting as many as 8-10,000,000/day during the election cycle and it's not uncommon for single stories to amass half-a-million views within a 24 hour period (all their pieces have a "view" counter...if you believe that kind of thing).

In that case "Top" Econ Blogs seems a bit deceptive as "Top" can be misconstrued as "Best" as well as interpreted as "Top (Visited)".

The former would be a much better endorsement than the latter.

I didn't know that Robert Reich was an economist. I thought he was never-Trumper writer of anti-Trump opeds for the NYT.

Matt Drudge links to ZH pretty regularly. So that's where the high numbers are coming from and why it's just for a single story here and there. It's whatever got linked in the Drudge Report.

@Rob - I did not see ZeroHedge listed. For "01. GENERAL ECONOMICS BLOGS" this blog you're reading was listed #1.

A-Cuckold-doodle doo! A Cuck-olld doodle doo!


While it is understandable that Tyler might be tempted to do it, he has misrepesented this list when he suggested that it involves a "ranking." That is not is what is said there, and one should note that the list is broken into categories, with it pretty clear that these categories are not ranked. It may be that implicitly within a category there might be a ranking given by their order.

In any case, the first category is "General Economics" and MR is the first one in that category listed. So, maybe it is implicitlty the top ranked General Economics econoblog, but there are no grounds for saying that it is the "top ranked " economics blog.

Of course, I may be biased as my main blog, Econospeak, is buried down in the financial economics section near the end, kind of in the middle of that group. I am also associated with Angry Bear, which is in the middle of the General Economics list that MR is at the top of.

Oh wow, you're the guy who ingested shrooms (legally). That's cool. I'll check out your blog too.

100 seems like too many to be really useful.

Unless someone makes a landing page that aggregates or randomizes them.

In the Kingdom of the Blind, the one-eyed man is king.

In the Kingdom of incels, the beta cuckold is king.

and to tell the truth you don't disgust me, I know what God wants you to be.

and for the record no God does not want you to spend so much time being a nasty troll!

anyway, my guardian angel and yours have been pals for a long time/
Don't worry about the demons, they are afraid of the guardian angels.

I know what you can be years from now.
I will be proud of you if you prove me right.

My God has an awesome cock.

The poor creature needs, at the least, a good psychiatrist.

3. Here at the U. of Wisconsin, we progressives all share the community beer at the terrace by the lake. There is sometimes a little tension when an outsider, usually an econ major who hasn't been woke yet, buys a pitcher of beer, and you can hear him say: "Hey! I paid for that!" but he soon absorbs the mores of the community and is happy that he financed part of the free beer.

Well played sir!!

It's true. Even Ben admits he was destroyed by BBC.

3 - "Hilarious throughout" and likely 100% bull shit.

[I apologize in advance!]

That mag. expects anyone to believe one, a guy from San Francisco would travel six hours to Toronto to get a piece of hetero-ass? Or two, A guy eating off other people's plates would care if another thinks it peculiar while each in San Francisco (what?) 85,000 men and women defecate on sidewalks?

#3: What was funny about it? Weird dude does slightly weird things, isn't self-conscious about it. This is funny........why?

"Hilarious throughout" is a direct quote from the post.

A thought ran thru my alleged mind. He is fabricating stuff to outrage the interviewer and readers.

Yeah, I didn't find a single thing funny about it. Not even chuckle-worthy.

Tyler and Alex are way smarter than Stern FWIW all of them are generic liberals in the long run (sad!) but Tyler and Alex have a chance to do better Stern is hopeless, sad for him!

So libertarianism is reduced to eating the leftovers of discarded plates. Trump has so thoroughly reshaped the right.

I imagine there are almost as many definitions of libertarian (I am not one) as there are libertarians.

My definition, 'complete' libertarian is a nice person: a liberal without the anger and hatred.

What's yours?

I'd rather that libertarians be filled with piss and vinegar than be reduced to scavenging like buzzards and shitting on public sidewalks as they please. Nobody likes a slob.

The libertarians in San Francisco are just waiting for a sewer system agreed, designed, and built, by free autonomous individuals.

A small-L libertarian (I am one) is simply a liberal, the latter word having been expropriated by collectivists. As there are many kinds of liberals, there are many kinds of libertarians. I am not a nut about it; we need a government; living on an oil rig platform in the ocean doesn't mean you have founded a country; and it's just as well the police and national defense are organized by the public sector. But I believe in "live and let live."

People shitting in the streets are not practicing "live and let live" - they are externalizing costs that are very high. But most of them can't help it, because they are crazy or on drugs (is there a difference?).

I'm a small-L libertarian and a big-C CUCK!

Wow, somebody with the exact same name as me!

These are the conclusion of the study...

"First, the disclosure laws reduced salaries on average. Second, the laws reduced the gender pay gap between men and women. Third, the closure of the gender gap is primarily in universities where faculty are unionized."

I haven't read the paper, but I assume that other aspects of the labor package compensated for the drop in pay. If they haven't already, they will in the near future.

To the young undergrad econ major reading the comments, always remember that the world is much more complicated than you think...

6: Sounds like a really positive result from the "addressing pay issues" standard of the full disclosure policy. If complete information results in people working the same jobs for lower pay, seems pretty clear there was exploitation around the uncertainty of pay going on for people to claim higher salaries. One would hope the same could be done for CEO's when their pay grows too out of line from company performance, though only time will tell.

Though them being public sector is a complicating factor, if the mechanism is "pressure from voters for salary cuts" its a different story.

#4 Maybe if Americans hadn't support Pakistan's war of aggression against Bangladesh, things would be better in Bangladesh.

5. I suppose this confirms what most everyone already knew. Cowen's latest at Bloomberg argues that China has more to lose than the U.S. from a protracted trade war because China is poorer and has more fragile political institutions. Maybe. But can the trade war actually bring industrial jobs back to the U.S.? No. So what's the point of the trade war? Is it to weaken China or to weaken resistance to Trumpism?

Remove rules structurally favoring production in China where this is not a natural advantage, with the end of limiting future strategic and security disadvantages where these would stem from continuation of accumulating US debt and a hollowed out production base.

And yes, not strengthening directly the authoritarian Marxist dictatorship for a cheap buck and for quarterly profit?

"Bringing the jobs back" is not really the argument here. Everyone knows automation will be the most likely course for onshoring (even people who've lost jobs will be a lot more likely to accept machines as the path to greater efficiency).

"rules structurally favoring production in China where this is not a natural advantage, with the end of limiting future strategic and security disadvantages where these would stem from continuation of accumulating US debt and a hollowed out production base."

What does this even mean? What rules?

Tariffs and non-tariff barriers

"Thus, the main US complaint against China is that Chinese industrial policies make it difficult for US companies to do business there. Credit subsidies keep state companies afloat and allow them to overproduce. Intellectual property rules make it easier for copyrights and patents to be overridden and new technologies to be copied by competitors. Technology-transfer requirements force foreign investors into joint ventures with domestic firms. Restrictive regulations prevent US financial firms from serving Chinese customers. "

For its part, China has little patience for arguments that its exports have been responsible for significant whiplash in US labor markets or that some of its firms are stealing technological secrets. It would like the US to remain open to Chinese exports and investment. Yet China’s own opening to world trade was carefully managed and sequenced, to avoid adverse impacts on employment and technological progress.

China's rulers certainly believe that there are rules protecting their markets and intentionally designed to favour production there and allow them to run their export oriented industrialization.

I read it the opposite of Tyler. My thinking was that Trump (presumably) has to win a general election in a year and half where Chinese leadership doesn’t. Therefore, any bad affects of a trade war will be be born by Trump at that time, whereas the Chinese leaders may have a little more ability to tell the party to trust them and wait it out.

While we discuss funny Asians and San Franciscans Red China imposes bigger tariffs on the United States. Will America fight for its freedom or was it be Munich all again?!


Now now, much more important is whether or not Captain Bolsonaro had pimples when he was a teenager, :-).

#3. I am 20 years out of grad school and also well into a fine career in finance, but I still have a Pavlovian response to the words "free food".

I have staff that sometimes has to work overtime. They don't care much about the extra pay and would rather not be there but if I have a meal brought in they act like I just gave them a winning lottery ticket.

#1....A very good list, and thankfully offering a variety of viewpoints.

3) The one thing I remember from Richard Wright's autobiography was that as an impoverished 5-year-old he would sneak around in bars and finish people's unfinished drinks.

6. I looked at the paper. It focuses on dollar salaries exclusively. Of course that's a limitation of the data. Still, we can imagine all kinds of compensating adjustments individuals and institutions would agree to do to lower their observable (government) salaries. Transparency will lead to less transparency.

#1. More like Liberal Economics blogs, with a few libertarian sites thrown in.

Okay Tom, How about annotating the list to prove your point, and then explaining the dire consequences you seem to fear?

Right. How about a list of "conservative" economics blogs. I'm interested.

Moo Cow, These are ones I look at that have alternative views...Marginal Revolution, Mish, Tim Harford, Grumpy Economist, Cafe Hayek, Taking Hayek Seriously, John Taylor, Econlog, Mises Wire, Money Illusion, Miles Kimball, Donald Marron, Casey Mulligan, John Kay, Mark Perry, Martin Wolf, Robin Hanson, Bruce Bartlett, Andrew Sullivan, Tim Carney, Some blogs on The Bulwark, Reason, National Review, American Conservative...Honestly, I'm not familiar with a fair amount of the blogs mentioned. Of course, liberal and conservative are hard to pin down. Michael Oakeshott is a conservative, Trump is not. I don't find these labels useful, but, apparently, other people do.

Thank you. Many of those you listed are not economics blogs (Andrew Sullivan?) And others are more libertarian blogs (Mises). Some are already on the list.

Re: Mish. I used to read him...way back. In fact, he saved my mom some money. I told her in 2007 to sell all her C. Her broker balked and said she was "locking in her losses," but she did manage to get him to sell half. Merrill Lynch good riddance. Anyway you go sour on blogs sometimes, and you don't look back.

So Trump gives $15 billion to bailout farms hurt by the trade war. If we are going to give bailouts what about mine? My business is affected too. This crony capitalism that favors connected insiders is bad for small businesses like mine and wasn't Trump supposed to drain the swamp? I guess us small business guys are expected to quietly be collateral damage.

We elect someone to drain the swamp only to make a new one. Where have we seen this one before?

#3: I'm reminded of the discussion/debate here several months ago about sharing food at restaurants, which is routine at restaurants that serve food family style and among most Asian (and Asian American) customers at most Asian restaurants, but makes some Americans (and apparently some Euros too) squeamish.

Grossest activity at Reed College in Portland, OR: the student lunchroom has a "Scrounge Table" where people leave their uneaten food, and hungry students are welcome to come up and eat what's there. This table pre-dates the current movement to fight food insecurity in school, so I guess you could say they were ahead of the curve. Not the solution I would've picked though.

Hey mkt42, Do you observe the preparation and transportation of food to you in restaurants? Ever taken a black light to your hotel room? The kitchen at your restaurant?

No wonder Steve Jobs left Reed to found Apple. Got tired of table scraps, wanted a billion dollars instead. I don't blame him one bit.

If you are going to call people names and try and argue from authority, could you please tell us who you are and not hide behind some funny name. Otherwise, stop arguing from authority, and keep the name. What's the point? I declare all x's are asses or some such profound point. Okay, then who are you.?

6. If you're a leftist who believes that relative equality in salaries is more important than higher salaries with more inequality, then you should be happy with the result.

I took a job at an ad agency in Minneapolis the next month, bought a medley of sweat suits, a wool overcoat from Orvis, rented a one-bedroom apartment close to Marquette Plaza and waded through the lava-lamp architecture At least there was a movie theater called Cosmopolis with teenage attendants that wore bowling jackets and derby hats. The theater played Alice in Wonderland (the Mickey Mouse version too), the Third Man Waltz (German subtitles) and Dr. Jeklyl and Mr. Hide (free popcorn) the first month I was there. The fire escape was a large area with a carpeted garden and plastic palm trees that I found once following the flight of a bald eagle. It was rather like a water-color painting, the Cuban realism and self-penetrating drone of Woody the Woodpecker, a place made for teenagers, and bicycles, and grandparents in black-rimmed glasses, and for snowmen, though First Avenue was fun, the salad dressing delightful, I wondered why wasn’t anyone wearing a black overcoat, where were the umbrella holders and the .. Ach Genau, there was little rain, and with little rain, perhaps there is little to complain about

First Avenue never served salads, hun.

I had an experience like that once. I was on drugs, which I've since forsworn.

'Intelligent Economist'

Heh, heh


There is no gender gap, or at least not a large one.

It is an overtime, effort, performance, travel, danger, risk, uncertainty, stability, unionization, education, experience, job hopping, job continuity, demand and supply elasticity gap.

Women voluntarily trade pay for other, often non-pecuniary, job qualities. They want the high pay AND the nice qualities that men have to choose between.

Women systematically publish lower quantity and quality of research than men, on average.

Too expensive to date? Twenty-five years ago, my generation was treated to regular reminders from the media about the "cost" of raising a child, with the injunction against childbearing not always unspoken.

The recent history of immigration, and the example of their fertility, have shown us to be fools. Perhaps that's why we seem to have had so little impact on the world. I used to attribute it to all the weed.

Robert Reich? I'm not sure that's even economics.

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