Marginal Revolution: A superb post on exchange rates

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A superb post on exchange rates

Here, by Menzie Chinn.

And here you can read Bob Solow on Greg Clark for $3. Here are Solow's tips for time management, interesting but obviously not written by a member of the email generation.

Here's an update on the forthcoming Malcolm Gladwell book.

Posted by Tyler Cowen on November 9, 2007 at 09:39 AM in Economics | Permalink

Comments

Re. Malcolm Gladwell's book, and education of the 50th percentile ... I think that argument would be better suited to a less connected, and less uniform, world. If there is a Justin Timberlake effect for pop, surely there is one for innovation. I mean, did we need a certain number of engineers per-capita to make the iPhone, or did we just need a certain number of engineers?

Interestingly, this idea of innovation per capita (and whether it is declining) is found in a modern doomsday group ... there are those who think there is a 'complexity' tipping-point for societies, and when that is reached we get crashes and collapses. They base their logic on the same sort of 'per capita' measures.

I guess I ask why.

In a world with some billions of people, surely there will be innovators, and their productivity would be gated by other factors more strongly than their 'per capita' representation.

Or, did Apple Computer Inc. start because there were sufficient engineers per capita? Was that all it took?

Posted by: odograph at Nov 9, 2007 10:55:14 AM

See Solow's entire (?) piece here

http://bayesianheresy.blogspot.com/2007/11/solow-reviews-farewell-to-alms.html

Posted by: Jack at Nov 9, 2007 11:48:08 AM

The NYRB (free) introduction + the link from Jack give, more or less, "4499 words" (given by the NYRB), so the Solow's piece is probably entire...

Posted by: Moggio at Nov 9, 2007 12:33:56 PM

On Bob Solow's time management for the internet era. I invited Bob Solow (my old professor) to write a Vox column. By email. No response. 6 weeks later I get a airmail letter with a hand typed address from him saying he is interested but has not time now.

Posted by: Richard Baldwin at Nov 9, 2007 2:27:11 PM

Who says that anyone have to answer every email received? .He doesnt have time, what wrong with that he has work , family and likes to spend his time in his own way.Be an exproffesor doesnt mean you are forced to attend every alumni wish not even answer it.Or you think email make you owner of others people time?

Posted by: jean at Nov 9, 2007 4:39:45 PM

I think the pertinent point is that if Solow is advising others on time management strategies, one would think he would be attune to the wonderful time saving strategies of email...

Posted by: stanfo at Nov 9, 2007 4:52:51 PM

I think the pertinent point is that if Solow is advising others on time management strategies, one would think he would be attune to the wonderful time saving strategies of email...

But email isn't a wonderful time-saving strategy for everyone. If you and I are collaborating on something, email is great. If you want to persuade me to do something for you, and email means that I tell you "no" in 10 minutes, rather than by mail in a week, you're far more likely to come back at me 10 minutes after that with a "but what about..."

In fact, telling someone "no" by mail is probably a rather good time-saving strategy.

Posted by: Sam at Nov 9, 2007 5:29:03 PM

Please note I didn't post the entire Solow review- just some excerpts.
-MJ

Posted by: MJ at Nov 9, 2007 7:50:55 PM

^^ nice blog!! thanks a lot! ^^

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