Economics is one of the better-funded and more scientific social sciences, but in some critical ways it is failing us. The main problem, as I see it, is standards: They are either too high or too low. In both cases, the result is less daring and creativity.
Consider academic research. In the 1980s, the ideal journal submission was widely thought to be 17 pages, maybe 30 pages for a top journal. The result was a lot of new ideas, albeit with a lower quality of execution. Nowadays it is more common for submissions to top economics journals to be 90 pages, with appendices, robustness checks, multiple methods, numerous co-authors and every possible criticism addressed along the way.
'Shortcuts' to increase female enrollment in economics may backfire, OSU study cautions |
CORVALLIS, Ore. — Current best practices for encouraging more female students to pursue degrees in economics may actually have the opposite effect and worsen gender disparities in the field, a recent study from Oregon State University found.
"There are no shortcuts to promoting diversity," said study co-author Todd Pugatch, an associate professor and associate director of the economics program in OSU's College of Liberal Arts . "I don't think we went into this expecting there'd be shortcuts or easy fixes, but we also didn't expect there would be such unintended consequences."
ISU economist is 1st Farm Foundation agricultural economics fellow | Farm Progress
Farm Foundation announced Alejandro Plastina, associate professor of economics at the Center for Agricultural and Rural Development at Iowa State University, as its first agricultural economics fellow.
The Agricultural Economics Fellowship is a new program designed to nurture a promising leader in the field. Plastina will be engaged with Farm Foundation for one year, during which he will have the opportunity to provide thought leadership through publications and speaking appearances, expand his professional network and manage high-visibility projects.
JPMorgan: Ending Unemployment Benefits Is Politics, Not Economics
The move to cut federal unemployment benefits in red states is "tied to politics, not economics," according to a Tuesday note by the economic research team at JPMorgan.
The team said the programs are likely contributing to the limited amount of workers currently searching for new jobs. But it noted that neither unemployment rates, earnings growth, nor participation levels are driving states to halt jobless aid early. "It therefore looks like politics, rather than economics, is driving early decisions to end these programs," they wrote.
Biden's Plan Encourages True Supply-Side Economics - WSJ
Do you remember supply-side economics? That's the doctrine that claimed that lowering taxes (especially on the wealthy) would cause a gusher of growth and bring in more new revenue than it lost.
It wasn't true, as the Reagan and Bush tax cuts demonstrated, according to research conducted by William G. Gale and Andrew A. Samwick for the Brookings Institution. Early returns on the Trump tax cuts show they have done little to stimulate growth as well. But certain supply-side policies really could be counted on to augment aggregate supply and increase output. Some of them were even tax cuts.
Economics in the Black Community | South Seattle Emerald
We also post the Morning Update Show here on the Emerald each day after it airs, so you can catch up any time of day while you peruse our latest posts.
China's Mining Crackdown Skews Crypto Economics | PYMNTS.com
No matter the good or the service, where there is a scarcity of supply amid strong demand, there are higher prices.
It should follow, then, that scarcity of bitcoin due to China's crackdown on more than half of the world's supply should be driving prices higher. But then again, there's another type of scarcity that hints at, well, extinction.
The ripple effects, of course, are significant. China accounts for roughly 70 percent of the global creation of cryptos (bitcoin is but the marquee name in the space, of course). It's a high-tech version, we would say, of plugging an oil well.
Canada Nickel Preliminary Economic Assessment Confirms Robust Economics of Crawford Nickel
TORONTO , May 25, 2021 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF ), is pleased to announce that the Preliminary Economic Assessment ("PEA") has confirmed robust economics showing an after-tax NPV 8% of $1.2 billion and an after-tax IRR of 16% from its wholly owned flagship Crawford Nickel Sulphide Project ("Crawford") located in Timmins, Ontario, Canada . The PEA, prepared by Ausenco Engineering Canada Inc.
Governor Newsom Announces Appointments 5.26.21 | California Governor
Somjita Mitra, 42, of Orange, has been appointed Chief Economist at the California Department of Finance, where she has served as Chief of Economic Research since 2019. Mitra was Director of the Institute for Applied Economics at the Los Angeles County Economic Development Corporation from 2017 to 2019 and was an Economist there from 2013 to 2017. Mitra was Senior Economist at the Recon Research Corporation from 2008 to 2012.
Elijah "Eli" E. Owen, 40, of Sacramento, has been appointed Assistant Director of Recovery Operations at the Governor's Office of Emergency Services, where he has served as Commander of the State Threat Assessment Center since 2015. Owen was an Intelligence Officer at the Central Intelligence Agency from 2006 to 2014. He is a member of the American Society for Public Administration – Sacramento Chapter and the University of Southern California Alumni Board – Sacramento Chapter.
Kaiser Spokane Pharmacy Techs - Onward to Economics — UFCW 21
We reached new tentative agreements last week on Weekend and Holiday Standby Shifts, Vacation Requests, and Seniority. The Standby shift language includes 1 ½ premium when called-in, and that will help incentivize us to sign up and work the shifts where we need staffing coverage.
Our next bargaining sessions will be in June and July and we will focus on float issues and economics—we are working hard to confirm dates as soon as possible.
Happening on Twitter
My @nytimes oped today on why the Biden DOJ should release the Trump/Barr memo so the American people can see it https://t.co/1z2XTgIp2c neal_katyal (from WashDC TEDTalk: bit.ly/2ZxVJt9) Wed May 26 12:29:01 +0000 2021
As we head into this Memorial Day weekend, consider the reason why the day is observed. Please refrain from saying… https://t.co/lmcu55LZtr votevets (from United States) Tue May 25 14:43:35 +0000 2021
"Hinduism is floating on a volcano... The Hindu masses, when they are enlightened, are sure to turn to Buddhism." -… https://t.co/eUheSsuSf8 Profdilipmandal (from Delhi, India) Wed May 26 05:13:00 +0000 2021
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