Why nations fail? Interview/Profile of Daron Acemoglu

Amol Agrawal's avatarMostly Economics

I recall reading about how Joseph Stiglitz was the most prolific economist with something like 600 papers with CV running in 59 pages. This was was 2008 so it could be in the 65th page as he has written so much since then as well. It was felt no one could Stiglitz on this paper writing activity.

But then as you start thinking that this record will stay comes  someone who breaks it in quick time. Take Tennis. Emerson’s Grand Slam record (12 titles) was broken by Sampras (14), Sampras by Federer (16 by now) and Federer’s could be broken by Nadal/Djokovic. Michael Schumaker’s record could be broken by Vettel and may be someone has the courage to challenge T’kar’s record.

In similar vein we have Daron Acemoglu of MIT who could challenge Stiglitz in coming years. He writes papers faster than anyone can think and on variety of topic…

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Interview of Steven Landsburg – The Armchair Economist..

Amol Agrawal's avatarMostly Economics

Nice interview of the Armchair economist.

Why did he write the book?

View original post 388 more words

Longer probation periods = higher teacher’s pay

From BRUNNER, ERIC J., and JENNIFER IMAZEKI. “PROBATION LENGTH AND TEACHER SALARIES: DOES WAITING PAY OFF?” Industrial and Labor Relations Review 64, no. 1 (2010): 164-80. Accessed September 12, 2020.

Is freedom of speech under threat in New Zealand?

homepaddock's avatarHomepaddock

Don Brash was invited to speak at Victoria University by the Shalom Students Association.

In an email from the Freee Speech Colation Jordan Williams says:

Last night Don Brash gave his speech to a handful of people at Victoria University.  I say a handful because the University limited those who could be in the room to just ten!

Other events are the University are fine with much larger numbers.  But for some reason COVID is much more a concern when it is Don Brash, or when his speech is about free speech…

The Free Speech Coalition thought it deserved a wider audience.

Here it is:

IS FREEDOM OF SPEECH UNDER THREAT IN NEW ZEALAND?

On the face of it, that’s a silly question.  In New Zealand, freedom of speech is enshrined as one of our fundamental rights in the Bill of Rights Act of 1990.  Section 14 of that law…

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Is falsifiability essential to science?

whyevolutionistrue's avatarWhy Evolution Is True

The two articles I want to discuss today are fascinating, for they raise a problem that’s now vexing many scientists (especially physicists)—the problem of testability. (Thanks to reader Mark H. for calling my attention to them.)

It all goes back to the philosopher Karl Popper (1902-1994). Popper’s views about what made a theory “scientific” were immensely influential. They’re summed up in the Wikipedia piece on him:

A theory in the empirical sciences can never be proven, but it can be falsified, meaning that it can and should be scrutinized by decisive experiments. If the outcome of an experiment contradicts the theory, one should refrain from ad hoc manoeuvres that evade the contradiction merely by making it less falsifiable.

In other words, a theory that can’t in principle be shown to be wrong isn’t a scientific theory. But I disagree with that characterization, and the one from Wikipedia, in two ways.  First, a…

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Can scientific theories be falsified? One scientist says no

whyevolutionistrue's avatarWhy Evolution Is True

The provocative title of the Scientific American Article below, by physicist Mano Singham, is, I think, deeply misleading.  The idea that science progresses by eliminating incorrect explanations, which is what falsification is all about, seems to me not only a good strategy, but one that’s historically worked very well. To say it’s a myth is not even wrong.

But let’s hear why Singham says that falsification can’t work. Click on the screenshot to read his piece.

Before we get to Singham’s argument, we notice that we can immediately think of scientific theories that have been definitively falsified. One is that the Earth is flat. That has been falsified by any number of observations, and now nobody except loons accepts a flat planet. Alternatively, the Genesis story of creation, once a “scientific” explanation for the origin of life and, especially, humans, has also been falsified, also by any number of observations. …

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Book Review: ‘Pacific Crucible: War at Sea in the Pacific, 1941-1942 (Volume I of the Pacific War Trilogy)

Alex Diaz-Granados's avatarA Certain Point of View, Too

(C) 2011 W.W. Norton & Company

On November 14, 2011, W.W. Norton & Company published Pacific Crucible: War at Sea in the Pacific, 1941-1942, the first volume of Ian W. Toll’s Pacific War Trilogy. In twelve chapters and an epilogue which take up 493 pages of narrative, Toll covers the first six months of the Pacific War that pitted the Japanese Empire against the combined forces of the United States and the British Empire, as well as the small Dutch military contingent based in what was then the Netherlands East Indies – modern day Indonesia – from the surprise attack on Pearl Harbor (December 7, 1941)  to the fate-changing Battle of Midway (June 4-6, 1942) and its immediate aftermath.

By writing Pacific Crucible, Toll, whose first book of naval history Six Frigates: The Epic Story of the Founding of the U.S. Navy won the Samuel…

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Why do Millionaires hate Billionaires?

Priceless

Tom Hunter's avatarNo Minister

I was pondering this question the other day while observing a hilarious interchange between two such people, Robert Reich and Elon Musk.

Reich is in many ways a creature of the distant past. An old-style American Boomer “liberal” economist who strongly pushes old-fashioned ideas like boosting the minimum wage, empowering unions, and so forth. I only know of him because he was Secretary of Labour in Bill Clinton’s first Presidential term (1993-1997). He was disappointed to find that Clinton’s famous “triangulation” strategy for winning re-election in 1996 meant that Reich’s economic ideas around labour were never implemented to the extent he wanted.

Since then he has maintained a steady patter of pushing these ideas through books and articles. He’s also on Twitter and as an example of how the world has changed, he may have been surprised to find that modern Robber Barons of our age are not…

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Why conspiracy theories are rational to believe

Fiat Value in the theory of value – an ADEMU lecture by Edward C Prescott

karl popper vs. the identification people

fabiorojas's avatarorgtheory.net

Truth be told, I think Popper would have approved of the identification effort. How could the person who advanced falsification not have approved of an attempt to address endogeneity and unobserved variables? But most people ignore an important aspect of Popper’s beliefs about scientific theories. He also thought that theories deserve special attention if they make unexpected predictions. Thus, falsification was very powerful if combined with creative derivation of hypotheses.

Now, identification is not in any way contrary to that view. Instrumental variables, or any other technique addressing identification, can be used to test  unexpected hypotheses. However, real scientific practice is about trade offs. Should I spend my time on theory building or some other activities? My view of the identification craze isn’t that it’s wrong. My view is that it’s “end game.” In other words, identification is a luxury when you have an abundance of data and a pretty clear…

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Dogmatic falsification of science

Ken's avatarOpen Parachute

Karl PopperAn important element of the scientific method is that hypotheses must be testable, potentially falsifiable, to be scientific. That we build theories by testing hypotheses and rejecting them if proved wrong by experiential evidence. And not just hypotheses. Prevailing theories are also constantly open to potential falsification, testing against new evidence and changing to incorporate new findings.

The concept of falsification in science was popularised by Karl Popper.

But who does this testing?

It’s not a matter of personal responsibility. A scientist who advances a new hypothesis is not just left alone to try to falsify it. After all, scientists are human too. They have their own emotions, biases, beliefs and preconceived ideas. They are just a susceptible as anyone else to adopting a blinkered approach to any such testing. In fact, most scientists probably look for experimental procedures which would show their pet hypothesis in a favourable…

View original post 518 more words

Nearly half of British public say they will never buy an electric car over charging fees

“Yessir, Drill Sergeant, Sir!”

Tom Hunter's avatarNo Minister

A little bit of fun for a Friday afternoon.

One of my favourite movies is Stanley Kubrick’s Full Metal Jacket, from 1987.

Critics have made the reasonably accurate point that while there are some great scenes from the movie the overall plot drags a little. One critic at the time noted (WARNING: plot spoiler ahead) that the James Bond movie of the same year, The Living Daylights, got straight to the same point – dealing with a female sniper – right at the start rather than trying to make such a big moral deal of it.

But the latter spoke to the sensibilities of the generation of Kubrick and the Baby Boomers rather than the more jaded and cynical views of later generations, for whom the idea of female snipers as both protagonists and victims was “meh”!

In any case, the opening scene of Jacket is stunningly memorable…

View original post 55 more words

California’s wildfires aren’t ‘unprecedented or unusual’

gjihad's avatarGreen Jihad

Environmental policy expert Michael Shellenberger was interviewed by Sky News host Chris Kenny and said, despite claims California’s fires are unprecedented, in fact top forest scientists in the Golden State state are all stressing the blazes are not unusual. Shellenberger was interviewed by Tucker Carlson on his Fox News show tonight for similar reasons.

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