All links via Marginal Revolution – all things I want to comment on, but do not have the time. View this as a sort of saving space!
- A site focused on ‘fixing up undergrad economics‘. This essay was worth reading. However, looking at their target I am not sure it is undergrad they are necessarily wanting to change …
- Service sector work, namely household staff, is booming and so are wages. Just what you would expect given the change in the distribution of income. If this is indicative of, say, falling scarcity in manufacturing this is one of the ways that the wealth from such a change gets distributed – we see prices (wages) change in this manner. Interpreting this is difficult.
- Altruistic behaviour as a preference for people to think they are helping – rather than a value over the outcomes of those in need.
- A US inequality thinktank. I wonder if this will build on the work of the GINI project at all – (there are some good papers on that site, although use with care).
- A point on restructuring the social sciences which is commonly accepted. However, the first sentence is a non-sequitur, and even with improving tools and analysis I would point out what we are targeting is unobservable and this is an important limitation to keep in mind.
- Hausmann discuss tacit knowledge. Good.
- Tyler Cowen discusses a guaranteed minimum income.
- Changing income distribution among lawyers. Reminds me of this book by Robert Frank.