EC101: Links for 12th December, 2019

What do economists have to say about (ahem) immigration?

  1. The Wikipedia article on Harris-Todaro.
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  2. Feeling ambitious? Use this CV as a jumping board for stuff to read about immigration. Douglas Massey.
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  3. One of my favorite papers to read about immigration (and you can see where my sympathies lie, I suppose, where immigration is concerned).
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  4. George Borjas – his Wikipedia page.
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  5. I’ll pink to this again: Chinmay Tumbe’s excellent book on migration into and within India.

RoW: Links for 30th October, 2019

  1. Who, exactly, are the Rohingyas? A short explainer from Wikipedia.
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  2. “With repatriation stalled, Bangladesh is now exploring relocation. The country has thus far been patient and welcoming, but its willingness to host such a large refugee population is wearing thin. Dhaka now plans to relocate about 100,000 Rohingya to a remote island at the mouth of the Meghna river in the Bay of Bengal. Known as Bhasan Char, or “Floating Island” in Bengali, the islet is made up of accumulated silt and is hard to reach—aid workers worry that anyone moved there would be vulnerable to floods, cyclones, and traffickers.”
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    A problem that the world would rather not acknowledge.
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  3. “Myanmar, which United Nations officials say should be tried on genocide charges over the orchestrated killings that began on Aug. 25, 2017, is keen to prove it is not a human rights pariah.Bangladesh, struggling with overpopulation and poverty, wants to reassure its citizens that scarce funds are not being diverted to refugees.

    But the charade at Nga Khu Ya, with its corroded buildings devoid of any Rohingya presence, proves the lie in the repatriation commitment. The place is so quiet that a dog snoozes at the main entrance, undisturbed.

    Even the repatriation center’s watchtowers are empty of soldiers. There is no one to watch.”
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    They, the Rohingyas, are to be sent back to Myanmar. Except not.
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  4. “One day in the 1980s, my maternal grandfather was sitting in a park in suburban London. An elderly British man came up to him and wagged a finger in his face. “Why are you here?” the man demanded. “Why are you in my country??”“Because we are the creditors,” responded my grandfather, who was born in India, worked all his life in colonial Kenya, and was now retired in London. “You took all our wealth, our diamonds. Now we have come to collect.” We are here, my grandfather was saying, because you were there.”
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    Suketu Mehta in fine form on this topic.
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  5. “I want you to think of free movement across borders as not just a matter of humanitarianism, not just a matter of good policy, but as an issue of civil rights, in the same tradition as those of Milk, and King, and Stanton, and indeed others yet to come.”
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    A short blog post on a longer essay, which argues about instituting immigration as a civil right.

ROW: Links for 19th June, 2019

This week, here’s a selection of five articles that help you understand issues in America a little bit better.

 

  1. “The old consensus that the US needed to help address the “root causes” of migration, by investing in the Northern Triangle countries and making it more appealing for people to stay, was never supposed to be an immediate solution to anything. Of course, Trump’s view of migration makes it less likely that anyone will be able to start work on long-term solutions that might bear fruit down the road. It is almost certainly, in the meantime, going to get worse before it gets better.”
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    Vox gives us a clearer picture on the migration crisis at the southern US border. Yes it is bad, yes, there is a crisis, and yes, it likely will get much worse before it gets a little better, for a variety of reasons. All of which are explained in this piece.
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  2. “Of course, if it hadn’t been for Roe, there also wouldn’t have been more than 50 million abortions since 1973; whether that’s a good or bad thing will be left as an exercise for the reader. But many abortions would have been performed anyway, because before the court took the issue away from voters, polls showed public opinion steadily trending in favor of legalized abortion, and the procedure was already legal in several states.”
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    Are you familiar with Roe v Wade? If you aren’t, read up about it first. Then read up about what Alabama is up to today. And finally read this article. And also consider following Megan McArdle (the author of this piece)
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  3. “Rather, regardless of what any deal achieves, the two nations appear to have entered a protracted era of competing for technological advantage, in areas ranging from aerospace and telecommunications to artificial intelligence, all with big military as well as commercial implications. Managing tensions over the issue is an increasingly important part of the U.S.-China relationship, for both sides.”
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    The Christian Science Monitor on what the trade war, or the new cold war (or whatever else it is that you want to call it) really is all about.
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  4. “This resonates with my own view. A large, established enterprise can be thought of as a cultural institution, with particular rules, norms, systems, processes, and institutional knowledge ingrained throughout the firm. In a stable environment, this corporate culture is a valuable asset. But as the business environment evolves, a firm’s culture can inhibit its ability to adapt. Cultural assets can depreciate, and one of the most difficult tasks for top management is to know when and how to replace elements of a culture that otherwise had served to keep the enterprise sturdy and reliable.”
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    Arnold Kling reviews a book that has appeared on these pages before, but the reason I put this article up here is because it helps you understand an important point about America today: it’s reviling of the corporate culture is very real – and Tyler Cowen says perhaps misplaced. Useful to think about how one should think about what made America great, and how perhaps it is changing – for the better or otherwise is your opinion entirely.
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  5. “Before I left, I asked the black waiter, Darick Thomas, how he felt about my hat. “I don’t care. At all. Really. At all! I look at a hat and that doesn’t tell me who the person is,” he said. “I’m not against Trump. He says some smart things; he says some dumb things.” Darick didn’t vote. “Voting is the illusion of choice for the masses,” he explained.”
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    What happens if you were a MAGA hat in a famously liberal restaurant in LA? This is, of course, at best an anecdote – but an enjoyable one, nonetheless.

Links for 29th May, 2019

  1. “And so India will continue to grow at her sluggish pace; socialism will continue to thrive; Air India will continue to fly; and Modi will continue to waste a fifth of our yearly budget on PSUs. Modi always knew that the secret to winning elections is socialism. What he has learnt now is the secret to running India. It is to gamble.”
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    I have posted this link not because I agree with the conclusion (I don’t), but because I share the sense of pessimism when it comes to matters pertaining to economic reforms, or the lack of them. India needs me, and the author, to be completely wrong about our pessimism.
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  2. “Zahran Hashim, 33, radical preacher and alleged ringleader, found little acceptance in his hometown Kattankudy, in eastern Batticaloa. Mosques in the predominantly Muslim town rejected him outright. Their members even complained to authorities, before he went absconding in 2017 after a clash with a fellow priest who challenged his interpretation of Islam.But soon, a team of young Muslim men — and one woman — from other, mostly Sinhala-majority, areas eagerly joined him on his Easter mission to carry out a suicide attack on churches and high-end hotels in and around Colombo and Batticaloa. All nine bombers were in their 20s and 30s.”
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    A mostly depressing, but also revealing, portrait of the nine people who perpetrated the terror attacks in Sri Lanka recently.
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  3. “There are striking parallels between the philosophies of Trump and NIMBY urbanists. Trump asserts that America is “full” and so wants to restrict the flow of immigrants. The urbanists, who tend to be Democratic and highly educated, assert that their cities are too crowded and so want to restrict the supply of housing. The cultural valence of the two views is quite different, but the practical implications have a lot in common — namely, a harder set of conditions for potential low-skilled migrants to the U.S.”
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    As he so often does, Professor Cowen reminds us why studying economics is entirely worth our time. In this case, he explains why NIMBYism, and high minimum wages are at least as anti-immigration as are, well, walls.
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  4. “Our goal is to defeat the snail in a race.”
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    Possibly the shortest extract I have put up ever, but it is hard to improve on that sentence. For once, I won’t speak about what the link is about. Try guessing what it might be about before clicking here!
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  5. “What’s happening here is much more complicated than an imagined zero-sum game between the defenders of books and library futurists. The decline in the use of print books at universities relates to the kinds of books we read for scholarly pursuits rather than pure pleasure, the rise of ebooks and digital articles, and the changing environment of research. And it runs contrary to the experience of public libraries and bookstores, where print continues to thrive.”
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    The Atlantic on substitutes and complements. On books actually, but read this article to understand how to think about the implications of thinking about complements and substitutes

Links for 14th May, 2019

  1. “The issue is much simpler: Do you trust Mark Zuckerberg and the other young lords of Silicon Valley to be good stewards of the world’s digital speech?”
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    Via Tyler Cowen, an interesting article about the unintended consequences of the evolution of Facebook. Worth reading to think about free speech, Facebook, Silicon Valley and the benefits of a well-rounded education.
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  2. “When and where should scientists report controversial research ideas that colleagues share with them in confidence? Have scientists acted inappropriately if they provide conventional research advice to someone conducting an unorthodox experiment?”
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    How should you think about policing the cutting edge of science – or anything, for that matter? What is the opportunity cost of policing – and what is the opportunity cost of not policing? I (and the article) don’t have any answers – but you should be thinking of these issues while reading it.
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  3. “It is a path humanity is already on, of course: When was the last time you ever read a map rather than got directions from Google? Or cracked a book to find an errant fact? It’ll be like that for so many things we do, as normal practices change to reflect and take advantage of the convenience and precision of AI.”
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    Kara Shwisher talks about emerging tech, and the (as she puts it) new internet. Worth reading to understand how technology is likely to evolve, and change.
  4. “Maybe Hanson could focus on this in his next book. Nevertheless, this book is a necessary corrective to the center-right, neo-liberal dogma of the last quarter century. To crudely paraphrase David Frum, if liberals and conservatives do not take control of mass immigration, the public will elect authoritarians to do the job because the job needs to be done.”
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    The Quillette reviews a book that defends Trump – a useful read to find out why Trump won, and what the thinking is of the processes that got him to where he is.
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  5. “It was in 1906 when the Indian National Congress, prompted by its leader Lokmanya Tilak and industrialist Ardeshir Godrej among others, promised to introduce the swadeshi element into the production of soaps.Ardeshir Godrej, a lawyer-turned-serial entrepreneur, along with his brother Pirojsha Burjorji co-founded the Godrej & Boyce manufacturing company, which is now a $4.54 billion Indian conglomerate called Godrej Group.”
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    A fascinating story about how the Godrej group got into the soap making business

Links for 11th February, 2019

  1. “We probably would not have planes, trains, or automobiles if we had insisted on today’s safety levels during the early days of those technologies’ development—likewise, we should have laxer safety standards for new emerging technologies.”
    Worth reading this for many reasons. Don’t miss the bit about the need to change ideological commitments on the basis of rationally-arrived-at conclusions, for example. But that excerpt above is a great way to understand the concept of, and the importance of, opportunity cost.
  2. “I want to make it clear that although enriched environment dominated the 20th century, IQ gains are not destined to persist like the law of gravity. Factors that were immediate triggers of IQ gains included more adults per child in the home, more and better schooling, more people at university, more cognitively demanding jobs, and better health and conditions of the aged. There are signs that these are beginning to show diminishing returns.”
    The Flynn effect is one of the more interesting things you can learn about – and having learnt about it, it might interest you to know that the Flynn Effect may now be reversing.
  3. “They’re having a fight about the wall except the wall is the English Channel: half of these people want to turn the English Channel into a wall to keep out their version of the Mexicans.”
    An interview with Anand Giridharadas about the perils of philanthropy. Worth reading, not necessarily to agree with everything he has to say, but to think about was in which he may be right.
  4. “So, for example, if people don’t take into account the macro consequences of their borrowing, then they could borrow collectively at the same time, which might be rational from an individual perspective but that collective borrowing leads to future problems such as a foreclosure problem that has spillovers for everyone in the economy. When people borrow individually, they may not take into account those spillovers. And so, again, from a macro perspective, people might over-borrow.For all of these reasons, a possible result conceptually is that if and when credit expands, it is possible for households to over-borrow, to overstretch from a macro kind of social perspective. And that over-borrowing, that overstretching during the boom phase of the credit cycle, can then come back to hurt on the downside and lead to a deeper recession than it would otherwise have been.”
    This much is straightforward for a student of macroeconomics – but the rest of the interview with Atif Mian is worth reading for how he teases out the mechanisms of thinking about the follow-up questions in the context of today’s economy. If you want to learn how to think like a macro-economist, this interview will help.