Category: Web/Tech

Assorted links

1. The Berlin subway slide, video.

2. I've been saying similar things to Bryan Caplan.

3. Chinese multiple currency names and what they mean.

4. Tim Harford reviews The Age of the Infovore.

5. The tents are falling apart in Haiti.

6. Sumner and Caplan on wage stickiness.  On the same topic, here is another perspective.  Clearly wages are to some extent sticky in nominal terms.  But if people who work on commission and tips are out of work in large numbers, or if truly flex-wage workers are being laid off, why see wage stickiness as the #1 culprit?  (Scott isn't following through the logical implications of his cyclicality point.)  In economies with truly flexible wages, people are forced to retreat into household production in down times and that is perhaps a better parable for America today.  No one will hire them, flexibility or not.  Plus if workers are irrational by focusing on the nominal rather than the real values, it's easy enough to trick them by cutting real benefits and working conditions, thereby saving the employer money.  Real wage flexibility should be enough to keep them at work, yet it isn't.

Assorted links

1. The Germans criticize Krugman, and vice versa.

2. Austrian (China, Scott Sumner, big house for farmers, etc.).

3. My older MR posts on Nazi fiscal policy, here, and here.

4. A sculpture of Jesus, completed by 40,000 bees.

5. The economics of Fahrenheit 451.

6. Catholic financial scandals in Germany.

7. From back home: Tysons Corner plans are coming along only slowly.

8. Scenarios for Franco-German cooperation, or lack thereof.

Assorted links

1. Price transparency in earlier German medicine.

2. Labor productivity in Latin America; an important post, though I don't so much view IS and WC as causal in this context.

3. Ryan Avent on the stimulus debate.

4. Do chimps need a single tax on land?

5. Do World Cup losses predict negative stock returns?  (A fun topic, but I do wish to encourage a healthy skepticism about results such as these.)

6. The problem of missing heritability, and more here.

*The Age of the Infovore*, paperback edition

Infovore.APPROVED

This is the paperback of Create Your Own Economy, with (to me) a better title and better cover.  I am pleased to have persuaded the publisher in this regard.  It is out this coming Tuesday, one week from today.  You can pre-order it on Amazon here (Kindle too), Barnes&Noble here, and Borders.com here.

Of my books, it is my clear favorite and not just because it is the latest.  It is the one whose ideas I use and think about most often.

Steven Johnson responds to Nicholas Carr on multitasking

It’s no accident that most of the great scientific and technological innovation over the last millennium has taken place in crowded, distracting urban centers. The printed page itself encouraged those manifold connections, by allowing ideas to be stored and shared and circulated more efficiently. One can make the case that the Enlightenment depended more on the exchange of ideas than it did on solitary, deep-focus reading.

Here is more.

Assorted links

1. Paul Krugman speaks to the Germans.  I enjoyed imagining this dialogue and don't forget this addendum.  For another point of view, Germany spending is not the cure.

2. The usefulness of "trembling hand perfection."

3. Browse the web with constant vuvuzela noise.

4. China fact of the day: Chinese masons used to make mortar using sticky rice.

5. Did the Olympics help Greece?

6. Herbert Gintis on Austrian economists and the crisis, very critical.

7. John Gray on science fiction.

8. How good are computers at Jeopardy!?