Originally posted on JayMan's Blog:

Flags

One of the key points I’ve tried to stress on this blog is that micro-scale population structure – that is, fine genetic variation across populations can have a substantial impact on societal characteristics. We aren’t just talking about continental racial variation. We aren’t even talking just about ethnic variation. Sorting within an ethnic groups can produce distinct regional differences. Founder effects are powerful, as is the converse effect, boiling off.

This means that regional differences across countries like the United States reflect genetic differences between people.  Even of those who accept that genes impact behavior, many like to blame these local variations on local “culture” (as if culture was some otherworldly force itself without cause). But our discoveries render that view untenable. These include many newer behavioral genetic studies using nationally representative U.S. samples. These studies find no shared environment influence, which would turn up if local cultural effects…

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Gallery  —  Posted: July 5, 2015 by Jim Rose in economics

Originally posted on Fact, Opinion and Annoyance:

It’s not my intention to violate any copyrights – just to provide the information minus the scantily clad girls:

Bertrand Russell studied economics briefly but quit because it was too easy. Max Planck, the physicist whose break-throughs in quantum mechanics were as revolutionary as Einstein’s in relativity, dropped economics because it was too hard. They were probably both right. That sort of paradox seems to agree with Milton Friedman—and to surround him. Friedman’s own reputation, for example, as the most original economic thinker since John Maynard Keynes, is due in large part to his exhaustive criticism of the theories first set forth by Keynes. There are other contradictions. Even though he had an ambiguous advisory role in the Goldwater campaign and supported Nixon’s re-election—despite the fact that Nixon has said he is now a Keynesian in matters of economic policy—Friedman calls himself a liberal. (In his book Capitalism and Freedom

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Newman’s evil – Elaine’s dog removal problem

Posted: July 4, 2015 by Jim Rose in TV shows
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Originally posted on econfix:

When Greece went through euro-zone entry exam in 2000 it is said that it cheated on its deficit figures. Greece was able to enter the currency bloc after claiming its deficit was less than 1% of GDP, well within the bloc’s 3% threshold. EU reports have since revealed Greece’s budget hasn’t been within the 3% limit a single year since its accession. Below is a video from RealNews which explains the background to the present crisis. Worth a look

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Figure 1: Gender wage gap (unadjusted % difference between median wages of male and female full-time employees)

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Source: OECD StatExtract.

Image  —  Posted: July 4, 2015 by Jim Rose in economic history, economics of information, economics of media and culture, health economics, population economics
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Image  —  Posted: July 4, 2015 by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of education, entrepreneurship, human capital, industrial organisation, job search and matching, labour economics, law and economics, occupational choice, politics - Australia, politics - New Zealand, politics - USA, Rawls and Nozick, survivor principle, technological progress
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Educational Romanticism & Economic Development

Posted: July 4, 2015 by Jim Rose in economics

Originally posted on Pseudoerasmus:

An elaboration on Ricardo Hausmann’s article “The Education Myth” arguing that education is an overrated tool of economic development. This post also responds to a criticism of Hausmann’s views which appeared at the Spanish group blog Politikon; and also discusses whether developing countries really can raise scores on achievement tests.

[Edit: This blogpost has now been translated into Spanish as “El romanticismo educativo y el desarrollo económico“.]

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Originally posted on Pileus:

In this second part of a series of posts on American exceptionalism, I consider the common claim by the American right that the American state is particularly small relative to those of other advanced democracies, and that this fact helps to constitute a desirable “American exceptionalism,” featuring higher economic growth and more respect for individual liberty.

There is no doubt that the American state appears to be small in international comparisons, particularly when GDP is used in the denominator. Thus, public and mandatory private social spending (spending on old age, disability, unemployment, health, housing, active labor market policies, and similar programs) as a percentage of GDP was 16.3% in 2005, the last year for which data are available from the OECD. (This figure includes all levels of government.) By comparison, the figures for Sweden, the UK, and France were 29.8%, 22.1%, and 29.5%, respectively. The only rich democracies close…

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