External Blogs

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What is up with the new Brexit deal?

Most of the Tories are happy they found a semi-workable version of the deal.  They pay a big divorce bill to the EU, have a long transition period, opt for “regulatory standardization with the EU” for the whole UK, as enforced by the need to avoid a hard border in Ireland, and over the longer... more

Marginal Revolution University 12/10/2017 - 10:28pm
*Exact Thinking in Demented Times*

Where?, I hear you asking.  No, that is the title of a new book by Karl Sigmund and the subtitle is The Vienna Circle and the Epic Quest for the Foundations of Science.  I enjoyed this book very much, though I don’t recommend it as a balanced introduction to its chosen topic.  I liked it best... more

Marginal Revolution University 12/11/2017 - 10:12pm
Facts about uh and um

…if a speaker marks a delay with “um,” that delay will be longer than if it had been marked by “uh.”  If “uh” is used, the delay that follows before resumption of fluent speech is roughly a quarter of a second; if “um” is used, the anticipated delay approaches three-quarters of a second. In one... more

Marginal Revolution University 12/13/2017 - 12:23am
Sunday assorted links

1. Is Spotify leading us to the new Muzak?  I fear yes, how 2017 is that? 2. “By the end of my first year in China, I feel as if I am a one-person FDA.” 3. Does algorithmic trading reduce information acquisition? 4. Are avocado injuries a thing of the past? 5. Yet more correct Ross Douthat, on... more

Marginal Revolution University 12/10/2017 - 12:48pm
Monday assorted links

1. Another Alpha Zero masterpiece, this video is nine minutes long. 2. Is serialism one of the hot genres of 2017? 3. Was Goethe basically a pain? 4. Could the Mayans predict meteor showers? 5. Are Bitcoin options what we really need?  And, how Bitcoin futures are going. The post Monday assorted... more

Marginal Revolution University 12/11/2017 - 12:46pm
Just remember the password people!

I have some tricks for doing this, which I have scrawled in the inner part of the margin of the manuscript.  Here is Matt Levine on Bitcoin: I half-joked yesterday that “perhaps the cost of bitcoin storage — keeping your private key in a vault, worrying about hackers, etc. — is so high that ... more

Marginal Revolution University 12/12/2017 - 10:43pm
Switzerland is Prepared for Civilizational Collapse

More than any other country, Switzerland’s ethos is centered around preparing for civilizational collapse. All around Switzerland, for example, one can find thousands of water fountains fed by natural springs. Zurich is famous for its 1200 fountains, some of them quite beautiful and ornate, but... more

Marginal Revolution University 12/12/2017 - 5:25am
Are corporate jets a waste of money?

Almost certainly not: While shareholders have strong incentives to limit value-destroying perquisite consumption, it is challenging to identify such perquisites. Many corporate assets that enable forms of perquisite consumption also provide operational benefits. Corporate jets represent a potent... more

Marginal Revolution University 12/11/2017 - 9:14am
Tuesday assorted links

1. The Western elite from a Chinese perspective. 2. Podcast with NPR Planet Money. 3. Bershidsky on Bitcoin futures. 4. “The timing of the agreement also coincides with speculation that India, Japan, the US and Australia will soon formally reconvene the dormant Quadrilateral grouping first... more

Marginal Revolution University 12/12/2017 - 12:59pm
Occupational licensing is a barrier to interstate migration

…we find that the between-state migration rate for individuals in occupations with state-specific licensing exam requirements is 36 percent lower relative to members of other occupations. Members of licensed occupations with national licensing exams show no evidence of limited interstate... more

Marginal Revolution University 12/11/2017 - 7:35am