I’ve written many blogposts about the Solow Model in the past, and it remains one of my favorite workhorse models to teach at an introductory level. There are problems with the model, to be sure, and much better, updated versions are available. But if you want a very simple, but very powerful way of looking … Continue reading “The Solow Model in Action, Again”
Arnold Kling runs some numbers, and comes away less than optimistic: Now for some grim math. Let C be the number of known cases, H be the ratio of hospitalizations to known cases, and D be the ratio of deaths to hospitalizations. Then we have: (1) total deaths = DxHxC For example, if there are … Continue reading “An assortment of links, with the one common theme”
After Murali’s talk in Gokhale Institute the previous week, I got around to reading this book. What follows are some of the highlights from my reading of the book on Kindle, along with a quick review of the book. Key takeaways (for me): Alex Tabarrok ends his own post on the book over on MR … Continue reading “Notes from Launching the Innovation Resistance by Alex Tabarrok”
Navin asked this question on Twitter recently: (My thanks to Mihir Mahajan for pointing the tweet out to me, and for requesting for a post on this topic) My current plan is to answer this question over three posts. In today’s post, I’ll try and answer this question using a first principles approach. That is, … Continue reading “Why is it bad to be rich?”
“The zeroth step, of course, is being open to the process of unlearning. We come with our own biases, shaped by our varied experiences and perceptions. But our experience or knowledge is not always indicative of the macroreality. An unrelenting hold on what we have already learnt is the equivalent of the sunk cost fallacy … Continue reading “EC101: Links for 28th November, 2019”
On some articles about Baumol’s cost disease. .. .. A topic that is very, very dear to my heart: teaching economics better, and to younger folks. .. .. A topic on which I changed my mind this year, and therefore this year ought to count as a success. Props to Murali Neelakantan for helping me … Continue reading “EC101: Links for 26th December, 2019”
Following on from my review of “Launching The Innovation Resistance”, here is a selection of five papers from its bibliography that I enjoyed going over. “Using a sample of engineered mice that are linked to specific scientific papers (some affected by the NIH agreements and some not), we implement a differences-in-differences estimator to evaluate how … Continue reading “EC101: Links for 12th September, 2019”
All five links from Marginal Revolution today, in relation to a talk that was held at the Gokhale Institute yesterday, by Murali Neelakantan. This is a topic that I am becoming more interested in, so you might see more posts about this topic. “It is less commonly recognized by the critics, however, that tougher IP … Continue reading “EC101: Links for 5th September, 2019”
Timothy Taylor, author of the blog The Conversable Economist, has a nice post out on the case for doubling R&D spending. He speaks of doubling spending on R&D by the US government, but the point is equally applicable to all governments, including India’s. The post is a reflection on a chapter in an e-book published … Continue reading “The Case For Doubling Spending on R&D”
“On March 18, 2013, at the Motera B ground, a scraggy-haired stick figure bowls his last two overs, landing (or trying to land) yorker after yorker. Looking on is former India coach John Wright, then head coach of Mumbai Indians. The batsmen are Mumbai openers Aditya Tare and Shoaib Shaikh. The No. 3, Abhishek Nayar, … Continue reading “Links for 28th May, 2019”
EconForEverybody 