Marginal REVOLUTION

That is the topic of my latest Bloomberg column, basically you should charge them fees rather than discourage them through other means>  Here is one excerpt: By this reasoning, the Japanese deci...

https://marginalrevolution.com/marginalrevolution/2024/04/what-is-the-proper-policy-toward-tourists.html?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-proper-policy-toward-tourists

In an excellent, deep-dive Alice Evans looks at patriarchy in Egypt using pictures drawn from four thousand years of history. Here are three examples. A wealthy woman, shown at right circa 116 CE...

https://marginalrevolution.com/marginalrevolution/2024/04/four-thousand-years-of-egyptian-women-pictured.html?utm_source=rss&utm_medium=rss&utm_campaign=four-thousand-years-of-egyptian-women-pictured

Dobbs, of course, was the Supreme Court decision saying that the constitution does not provide a right to abortion, thus leading to restrictions on abortion in many states. The pictures is from T...

https://marginalrevolution.com/marginalrevolution/2024/04/tying-the-knot.html?utm_source=rss&utm_medium=rss&utm_campaign=tying-the-knot

That is the new Daron Acemoglu paper, and he is skeptical about its overall economic effects.  Here is part of the abstract: Using existing estimates on exposure to AI and productivity improveme...

https://marginalrevolution.com/marginalrevolution/2024/04/the-simple-macroeconomics-of-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=the-simple-macroeconomics-of-ai

Two economists from the Harvard Growth Lab (Shah and Sturzenegger) estimate that the average transport costs for those who are employed in South Africa is equal to 57% of net wages when time to c...

https://marginalrevolution.com/marginalrevolution/2024/04/south-africa-fact-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-africa-fact-of-the-day

When I post about the skyrocketing price of housing and the need to build, commentators (include some of the most astute commentators on MR), will sometimes object by pointing to the increasing a...

https://marginalrevolution.com/marginalrevolution/2024/04/the-shortage-of-housing-and-the-rising-numbers-of-houses-per-capita.html?utm_source=rss&utm_medium=rss&utm_campaign=the-shortage-of-housing-and-the-rising-numbers-of-houses-per-capita

Sometimes I feel like focusing on policies that only affect growth rates by a few tenths of a percentage point feels small. But then I remind myself that the difference between the United States ...

https://marginalrevolution.com/marginalrevolution/2024/04/economic-growth-sentences-to-ponder-argentina-fact-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=economic-growth-sentences-to-ponder-argentina-fact-of-the-day

President Biden has made a big deal of simplifying fees: The FTC is proposing a rule that…would ban businesses from charging hidden and misleading fees and require them to show the full price ...

https://marginalrevolution.com/marginalrevolution/2024/04/why-is-the-biden-administration-against-fee-transparency-in-education.html?utm_source=rss&utm_medium=rss&utm_campaign=why-is-the-biden-administration-against-fee-transparency-in-education

That is the subject of my latest Bloomberg column.  Here is one excerpt: The Austrian economist Ludwig von Mises is having a moment, especially in Latin America. Argentine President Javier Mil...

https://marginalrevolution.com/marginalrevolution/2024/04/the-ludwig-von-mises-comeback.html?utm_source=rss&utm_medium=rss&utm_campaign=the-ludwig-von-mises-comeback

FT: When it launched its fully automated stores four years ago, Germany’s regional supermarket chain Tegut billed the experiment as a window into the future of shopping. But the Fulda-based ret...

https://marginalrevolution.com/marginalrevolution/2024/04/the-culture-that-is-germany-6.html?utm_source=rss&utm_medium=rss&utm_campaign=the-culture-that-is-germany-6

In my 2011 book, Launching the Innovation Renaissance, I wrote: At times, teacher pay in the United States seems more like something from Soviet-era Russia than 21st-century America. Wages for te...

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These topics seem underexplored to me: Montesquieu Economics in the Talmud Rise of econometrics in the 19th century The Irish economists, including Cairnes and Longfield The last 50 years of econ...

https://marginalrevolution.com/marginalrevolution/2024/04/history-of-economic-thought-paper-ideas.html?utm_source=rss&utm_medium=rss&utm_campaign=history-of-economic-thought-paper-ideas

I’ve long been an advocate of increasing the use of incentives in organ procurement for transplant; either with financial incentives or with rules such as no-give, no-take which prioritize form...

https://marginalrevolution.com/marginalrevolution/2024/04/unos-kills.html?utm_source=rss&utm_medium=rss&utm_campaign=unos-kills

In this paper, we introduce TimeGPT, the first foundation model for time series, capable of generating accurate predictions for diverse datasets not seen during training. We evaluate our pre-trai...

https://marginalrevolution.com/marginalrevolution/2024/04/timegpt-1.html?utm_source=rss&utm_medium=rss&utm_campaign=timegpt-1

An excellent piece, here is one excerpt I enjoyed in particular: Cowen reads the John Maynard Keynes of The General Theory “as writing about an economy where uncertainty was much higher than ...

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