Category: Web/Tech

The Show So Far

MR has many new readers, especially since the financial crisis, so I thought I would offer this brief guide to what we are all about.  Plus one of the readers, under "requests," asked for a foundation statement for this blog.  Here, in six easy steps, is "The Show So Far":

1. Luring Alex to lunch.

2. A "public choice" and indeed Straussian reading of Star Wars.

3. Alex ponders immortality and it changes his life.

4. When to say "I Love You".

5. The economics of relativity.

6. Alex explains the difference between Tyler and Alex.

For this New Year I remain thankful to have what I consider the very best readers in the world.

New Media Innovations

The Kauffman Foundation hosted a number of econ bloggers, including myself, at the AEAs to discuss blogging, communication and new media. Tim Kane at Growthology summarizes the stimulating discussion:

Some of things I learned include (1) the process of collaborative filtering is increasingly useful for discovery and evaluation, and a pioneer to watch is Slashdot, (2) commenting on blogs is arguably more valuable than posting for evaluating ideas … look for weighted commenting/evaluation systems to supplant formalized referee systems over time, (3) blogs are just part of the spectrum of idea sharing, as is journal publishing, and simply having a web page is now essential to be part of a research community, (4) good ideas can filter up much faster through the academic community thanks to blogs, (5) it is very difficult to determine what revenue models will sustain the print news media, but one possible trend to watch for is the return of ideological patronage (e.g. think tank magazines) — it’s not just advertising and subscriptions that will sustain the sector, (6) it’s still probably not advisable for graduate students or junior faculty to blog instead of focus on tenurable research … for now, and (7) if blogging is representative, then risk-taking entrepreneurship will thrive, even in a recession.

You will be happy to know that it was brought up in the discussion that the MR comment section is especially good so take it away readers.

Assorted links

1. China photo of the day; I love the caption as well.

2. Improvised car pools, organized through iPhones.

3. A photograph of Gresham’s Law.

4. How has the financial crisis changed economics?  My words: "People used to think that these behavioral effects were small
anomalies that turned up in experiments but washed out in the real
world," says Tyler Cowen, an economist at George Mason University not
himself affiliated with behavioral economics. "But there’s a sense in
which they get multiplied in the real world."

5. NYT Words of the year: Robin Hanson’s "futarchy" makes the list.  Go directly to the excerpt here.