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Assorted links
1. Depicting Europe, an insightful piece by Perry Anderson, thanks to Dainius for the pointer
2. Virginia Postrel's Atlantic Monthly column archives, on culture and commerce
3. Profile of Raj Chetty, young Berkeley economics star
Posted by Tyler Cowen on September 13, 2007 at 08:13 AM in Web/Tech | Permalink
Comments
On Chetty:
"Akerlof says. “Raj emphasized that they (unemployed workers) find it very difficult to meet their prior commitments. For example, they must pay their rent or their mortgage, and these commitments very much add to the difficulties of being unemployed. Economists were just not thinking of that until Raj came up with it. This is a very big innovation in the theory of unemployment.”
I am not sure whether this says strongly positive things about Chetty or strongly negative things about economists. What, people have to pay rent? Really?
Posted by: Jo at Sep 13, 2007 8:41:20 AM
Tyler, it's Raj, not Rah. The letters are next to each other on the keyboard, so we'll call it a typo....
Posted by: Tony Vallencourt at Sep 13, 2007 9:03:26 AM
Thanks, the typo is ocrrected...
Posted by: Tyler Cowen at Sep 13, 2007 9:06:11 AM
Not that anyone is keeping track but, I have always liked Postrel's writing, her way of looking at things from a little off-kilter angle, and her explanatory capabilities. Her 'The Future and its Enemies' is a great read.
Posted by: The other Eric at Sep 13, 2007 9:18:50 AM
Akerlof's quoted comment was clearly an over-simplification. It was a paper about non-concavities in risk preferences and explored issues like why people play the lottery but buy insurance. Hard to distill into a simple sentence.
Posted by: adam at Sep 13, 2007 10:14:42 AM
Reading through the Postrel articles:
Holy crap, that's what glamour is?
Thanks for the link.
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