Alternative ideas. Weekly roundup from Heterodox Academy, the organization started by Johathan Haidt of The Righteous Mind. Mission: To improve the quality of research and education in universities by increasing viewpoint diversity, mutual understanding, and constructive disagreement. Intellectual Takeout. Accuracy in Academia. The American Scholar Inside the house that Stalin built.
Dan Mitchell. The impressive record of Ronald Reagan. The left really want higher taxes for middle income earners, not just the rick, they know they cant get what they want from the rich alone. On President Nixon, big on spending and regulation. He kicked off the War on Drugs for example.
The top tax rate on labor and small business income was reduced from 70 percent to 50 percent as part of the Tax Reform Act of 1969. I would have included that law in the pro-growth column, except that was the legislation that also created the alternative minimum tax (for both households and corporations). And there was an increases in the tax burden on capital gains, as well as a more onerous tax regime for new investment. My assessment is that these bad provisions basically offset the lower tax rate.
Books. Abe list of mystery writers. Judging from the comments it seems that a lot of good ones were left out! What about some Australians?
Robots. A piece by Peter Smith on the power of markets to handle the rise of robots.
For nerds. The Inner Lives of Markets.
The book is a lively discussion of what one might call the “greatest” theoretical hits of economics. Starting from the early 20th century, Fisman and Sullivan review a number of the major insights from the field of economics. The goal is to give the average person a sense of the interesting insights that economists have come up with as they have worked through various problems such as auction design, thinking about social welfare, behavioral economics, and allocation in a world without prices.
I’ve taken a bit of economics in my life, and I’m somewhat of a rational choicer, so I am quite familiar with the issues that Fisman and Sullivan talk about. I think the best reader for the book might a smart undergrad or a non-economic social scientist/policy researcher who wants a fun and easy tour of more advanced economics. They’ll get lots of interesting stories, like how baseball teams auction off player contracts and how algorithms are used to manage online dating websites.