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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sun, 05 Apr 2026 15:46:48 +0000</pubDate>
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					<description><![CDATA[<p>This leads us to the next of Freud&#8217;s major contributions to neuroscience: his realization that cognition is, at bottom, wishful. That is from the new and notable Mark Solms, The Only Cure: Freud and the Neuroscience of Mental Healing.  This is a good book for people who underrated Freud, or think he is a mere [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/good-sentences-9.html">Good sentences</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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</description>
										<content:encoded><![CDATA[<blockquote><p>This leads us to the next of Freud&#8217;s major contributions to neuroscience: his realization that cognition is, at bottom, <em>wishful</em>.</p></blockquote>
<p>That is from the new and notable Mark Solms, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Hidden-Spring-Journey-Source-Consciousness/dp/1324021918/ref=sr_1_1?crid=2QAP0HNYAVXEZ&amp;dib=eyJ2IjoiMSJ9.S2Hux81XNjs8vqVc2m1FXTPn-MaEKMMWpvHekrdt3tgPXQcO3H4L_lAX3zu109d1EbqcenT0VY7vPbYUsTRrNourym_q4Ss8WYyaCYt3qKkyvaMueHWvDWroxQ1-DjGyVBemxtvI1i7RKZ1XECq3EHk7433pwZoxakxoTAaDb7c2MjItoOUwwVKOMid2HWwt6TueX-8C4GrVCfnBAy00K5d8egVjSOjhPcdcGvp6Oec.pjOjsc9rmRQC9HtfQXqFnixRUL5XJwmjl6W0vE-oTvo&amp;dib_tag=se&amp;keywords=mark+solms&amp;qid=1775403973&amp;sprefix=mark+solms%2Caps%2C144&amp;sr=8-1" target="_blank" rel="noopener">The Only Cure: Freud and the Neuroscience of Mental Healing</a>.  This is a good book for people who underrated Freud, or think he is a mere charlatan.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/good-sentences-9.html">Good sentences</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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		<title>The CA Minimum Wage Increase: Summing Up</title>
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		<dc:creator><![CDATA[Alex Tabarrok]]></dc:creator>
		<pubDate>Sun, 05 Apr 2026 11:21:43 +0000</pubDate>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Food and Drink]]></category>
		<category><![CDATA[Law]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92763</guid>
					<description><![CDATA[<p>Two recent joint-papers Did California&#8217;s Fast Food Minimum Wage Reduce Employment? by Clemens, Edwards and Meer and The Effects of California&#8217;s $20 Fast Food Minimum Wage on Prices by Clemens, Edwards, Meer and Nguyen give what I think is a plausible and consistent account of California&#8217;s $20 fast food minimum wage. California&#8217;s $20 fast food [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html">The CA Minimum Wage Increase: Summing Up</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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</description>
										<content:encoded><![CDATA[<p>Two recent joint-papers <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/papers/w34033">Did California&#8217;s Fast Food Minimum Wage Reduce Employment?</a> by Clemens, Edwards and Meer and <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/papers/w34990">The Effects of California&#8217;s $20 Fast Food Minimum Wage on Prices</a> by Clemens, Edwards, Meer and Nguyen give what I think is a plausible and consistent account of California&#8217;s $20 fast food minimum wage.</p>
<p>California&#8217;s $20 fast food minimum wage raised wages in the sector by roughly 8 percent relative to the rest of the country but employment fell by 2.3 to 3.9 percent (depending on specification, median ~3.2%), translating to about 18,000 lost jobs. Food away from home (FAFH) prices in California&#8217;s four CPI-reporting MSAs rose 3.3–3.6 percent relative to 17 control MSAs. Falsification tests on Food at Home and All Items Less Food and Energy show zero differential movement—this is specific to restaurant prices.</p>
<p>What&#8217;s interesting is that the papers are independently estimated but the fit is consistent. The price paper uses Andreyeva et al.&#8217;s demand elasticity of -0.8 to convert the estimated price increases into an implied quantity declines: about 3.9–4.1 percent in limited-service and 1.7–1.8 percent in full-service. These align well with the employment declines of 3.2 and 2.1 percent estimated in the first paper.</p>
<p>The consistency tells us something about the mechanism. One thing we have learned about the minimum wage in recent years is that the pass-through effect is large and more of the employment decline is driven by pass through than by labor-capital substitution. In other words, prices rose, quantity demanded fell, and that&#8217;s what killed the jobs—not robots replacing workers. Not today, anyway.</p>
<p>In terms of welfare, the bulk of employed workers get an 8% wage increase, a small minority get disemployed. The big transfer was from consumers to workers. California has roughly 39 million residents, all of whom face 3.3–3.6% higher FAFH prices. The transfer is likely regressive — lower-income households spend a larger budget share on fast food specifically. So the policy effectively taxes low-income consumers generally to raise wages for a subset of low-income workers, while eliminating jobs for another subset. Your mileage may vary but I don&#8217;t see this as a big win for workers. We thought small increases in the minimum wage were absorbed&#8211;maybe some were or maybe they were just hard to estimate&#8211;but you can&#8217;t extrapolate the small  increases to big ones&#8211;the effect is non-linear. Big increases in the minimum wage start to bite.</p>
<p>As usual, when it comes to fast food there is no such thing as a free lunch.</p>
<p><strong>Addendum</strong>: Clemens&#8217;s JEP paper continues to be <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.aeaweb.org/articles?id=10.1257/jep.35.1.51">the masterclass</a> in how to think through minimum wage issues.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html">The CA Minimum Wage Increase: Summing Up</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comment-161032403">In reply to Kevin M.   Whole foods. They aren't just good for ...</a> <i>by Rob Neuhaus</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comment-161032402">In reply to Anti-economist.   There is no reason to expect fast ...</a> <i>by Engineer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comment-161032396">Amazing how animated people get can over bottom tier ...</a> <i>by MikeT</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comment-161032393">What if lower income people substituted groceries? We all know ...</a> <i>by H</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comment-161032391">AI:   The “Free Lunch” Trap:   If you only look at the ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html?utm_source=rss&utm_medium=rss&utm_campaign=the-presidents-fought-the-law-and-the-law-won">The President(s) Fought the Law and the Law Won</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-to-make-judges-and-referees-pay.html?utm_source=rss&utm_medium=rss&utm_campaign=how-to-make-judges-and-referees-pay">How to Make Judges and Referees Pay</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html?utm_source=rss&utm_medium=rss&utm_campaign=economic-growth-and-the-rise-of-large-firms">Economic growth and the rise of large firms</a></li></ul>&#160;</div>]]>
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		<title>Sunday assorted links</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sun, 05 Apr 2026 06:33:18 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92762</guid>
					<description><![CDATA[<p>1. Josefina Aguilar Alcantara, RIP (NYT). 2. Move abroad so you can default on your student debt (NYT). 3. History of golf course bunkers (WSJ). 4. Four reasons why possible aliens might make you more ambitious. 5. New learnings on octopuses and sex. 6. &#8220;They estimate roughly 90% of the tariffs have been passed through [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html">Sunday assorted links</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
<div style="clear:both;padding-top:0.2em;"><a title="Like on Facebook" href="https://feeds.feedblitz.com/_/28/953293877/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/fblike20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Pin it!" href="https://feeds.feedblitz.com/_/29/953293877/marginalrevolution,"><img height="20" src="https://assets.feedblitz.com/i/pinterest20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Post to X.com" href="https://feeds.feedblitz.com/_/24/953293877/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/x.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Subscribe by email" href="https://feeds.feedblitz.com/_/19/953293877/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/email20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Subscribe by RSS" href="https://feeds.feedblitz.com/_/20/953293877/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/rss20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a rel="NOFOLLOW" title="View Comments" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comments"><img height="20" style="border:0;margin:0;padding:0;" src="https://assets.feedblitz.com/i/comments20.png"></a>&#160;<a title="Follow Comments via RSS" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html/feed"><img height="20" style="border:0;margin:0;padding:0;" src="https://assets.feedblitz.com/i/commentsrss20.png"></a>&nbsp;
<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032409">The correct plural of octopus is octopods</a> <i>by Ace</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032408">In reply to M.   This says the Brookings paper is wrong.</a> <i>by Dismalist</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032400">In reply to Matt.   My personal favorite for that was the ...</a> <i>by j mct</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032390">In reply to Cytotoxic.   They're pretty darn close to one.</a> <i>by anon</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032364">In reply to Ezra.   Home based job that pays more than $8,000 ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nytimes.com/es/2026/04/02/espanol/cultura/josefina-aguilar-artesana.html">Josefina Aguilar Alcantara</a>, RIP (NYT).</p>
<p>2. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nytimes.com/2026/04/04/business/student-loans-abroad-default.html?smid=tw-share" target="_blank" rel="noopener">Move abroad so you can default on your student debt</a> (NYT).</p>
<p>3. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.wsj.com/sports/golf/history-of-golf-course-bunkers-276d358d?mod=hp_lista_pos1" target="_blank" rel="noopener">History of golf course bunkers</a> (WSJ).</p>
<p>4. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.jehanazad.com/p/4-reasons-possible-aliens-should" target="_blank" rel="noopener">Four reasons why possible aliens might make you more ambitious</a>.</p>
<p>5. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.washingtonpost.com/science/interactive/2026/octopus-sex/?itid=hp_climate-wellness-science_p007_f007" target="_blank" rel="noopener">New learnings on octopuses and sex</a>.</p>
<p>6. &#8220;<a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.brookings.edu/articles/tariffs-in-2025-short-run-impacts-on-the-us-economy/" target="_blank" rel="noopener">They estimate roughly 90% of the tariffs have been passed through to importers, with foreign exporters absorbing only about 10% of the cost by lowering their before-tariff prices.</a>&#8220;</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html">Sunday assorted links</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032409">The correct plural of octopus is octopods</a> <i>by Ace</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032408">In reply to M.   This says the Brookings paper is wrong.</a> <i>by Dismalist</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032400">In reply to Matt.   My personal favorite for that was the ...</a> <i>by j mct</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032390">In reply to Cytotoxic.   They're pretty darn close to one.</a> <i>by anon</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comment-161032364">In reply to Ezra.   Home based job that pays more than $8,000 ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/sunday-assorted-links-561.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
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		<title>Emergent Ventures winners, 53rd cohort</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sun, 05 Apr 2026 04:52:14 +0000</pubDate>
				<category><![CDATA[Education]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92646</guid>
					<description><![CDATA[<p>Elif Ozdemir, Ankara, align satellites. Lily Zuckerman, University of Austin (and NYC), painting and general career support. Benjamin Unger, NYC, AI to measure the performance of New York governments. Maarten Boudry, Brussels, to write a book on who is really for progress, or not. Allan Wandia, San Francisco, foundation models that learn directly from raw [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html">Emergent Ventures winners, 53rd cohort</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
<div style="clear:both;padding-top:0.2em;"><a title="Like on Facebook" href="https://feeds.feedblitz.com/_/28/953290448/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/fblike20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Pin it!" href="https://feeds.feedblitz.com/_/29/953290448/marginalrevolution,"><img height="20" src="https://assets.feedblitz.com/i/pinterest20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Post to X.com" href="https://feeds.feedblitz.com/_/24/953290448/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/x.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Subscribe by email" href="https://feeds.feedblitz.com/_/19/953290448/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/email20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Subscribe by RSS" href="https://feeds.feedblitz.com/_/20/953290448/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/rss20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a rel="NOFOLLOW" title="View Comments" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comments"><img height="20" style="border:0;margin:0;padding:0;" src="https://assets.feedblitz.com/i/comments20.png"></a>&#160;<a title="Follow Comments via RSS" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html/feed"><img height="20" style="border:0;margin:0;padding:0;" src="https://assets.feedblitz.com/i/commentsrss20.png"></a>&nbsp;
<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032365">In reply to Pontius Pilate.   Home based job that pays more ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032348">How about an Emergent Ventures cohort for late bloomers?</a> <i>by the lentil whisperer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032333">Very curious to see paintings by a UofAustin student. But none ...</a> <i>by Action Figure</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032306">What is progress?</a> <i>by Pontius Pilate</i></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai">Advice for economics graduate students (and faculty?) vis-a-vis AI</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html?utm_source=rss&utm_medium=rss&utm_campaign=how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes">How should you change your life decisions if we are being watched by alien drone probes?</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-very-interesting-conversation-with-arthur-c-brooks.html?utm_source=rss&utm_medium=rss&utm_campaign=my-very-interesting-conversation-with-arthur-c-brooks">My very interesting Conversation with Arthur C. Brooks</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>Elif Ozdemir, Ankara, align satellites.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/lilyzuck" target="_blank" rel="noopener">Lily Zuckerman</a>, University of Austin (and NYC), painting and general career support.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://benjaminunger.com/" target="_blank" rel="noopener">Benjamin Unger</a>, NYC, AI to measure the performance of New York governments.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/mboudry?lang=en" target="_blank" rel="noopener">Maarten Boudry</a>, Brussels, to write a book on who is really for progress, or not.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.linkedin.com/in/technomancertrix" target="_blank" rel="noopener">Allan Wandia</a>, San Francisco, foundation models that learn directly from raw experimental data.</p>
<p>Richard Ng, London, AI agents.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://powerful-media.com/future-leaders/profile/jordan-unokesan/" target="_blank" rel="noopener">Jordan Unokesan</a>, London, trust scoring for government contractors.</p>
<p>Alexander Griffiths, London, infrastructure policy and decisions.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://substack.com/@pioborgelt" target="_blank" rel="noopener">Pio Borgelt</a>, 17, Osnabruck, AI.<strong> </strong></p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.linkedin.com/in/vedant-agarwal-5880a1271/" target="_blank" rel="noopener">Vedant Agarwal</a>, 18, Cambridge UK, biosciences.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~@heyitschrislee" target="_blank" rel="noopener">Chris Lee</a>, Murietta, 18, CA, police recruitment.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.linkedin.com/in/broderickc/" target="_blank" rel="noopener">Broderick Cotter</a>, Austin, 17, finding the best materials for 3-D printing.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.jehanazad.com/" target="_blank" rel="noopener">Jehan Azad</a>, San Francisco, radar and UAPs.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.degruyterbrill.com/document/doi/10.1515/9783111575643-009/html?srsltid=AfmBOopqKzTTpuocQqPQD4CvHBcMkQygUjzuHKMyGumDrGXTA-TVU4vo" target="_blank" rel="noopener">Marius Drozdzewski</a>, with collaborators, Berlin, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.aevumquarterly.de/" target="_blank" rel="noopener">German liberal periodical Aevum</a>.</p>
<p>Ethan Galloway, London, 16, AI algorithms.</p>
<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.linkedin.com/in/keelan-o-carroll-9399ab218/" target="_blank" rel="noopener">Keelan O’Carroll</a>, Florida, happiness podcast.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html">Emergent Ventures winners, 53rd cohort</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032365">In reply to Pontius Pilate.   Home based job that pays more ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032348">How about an Emergent Ventures cohort for late bloomers?</a> <i>by the lentil whisperer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032333">Very curious to see paintings by a UofAustin student. But none ...</a> <i>by Action Figure</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html#comment-161032306">What is progress?</a> <i>by Pontius Pilate</i></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai">Advice for economics graduate students (and faculty?) vis-a-vis AI</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html?utm_source=rss&utm_medium=rss&utm_campaign=how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes">How should you change your life decisions if we are being watched by alien drone probes?</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-very-interesting-conversation-with-arthur-c-brooks.html?utm_source=rss&utm_medium=rss&utm_campaign=my-very-interesting-conversation-with-arthur-c-brooks">My very interesting Conversation with Arthur C. Brooks</a></li></ul>&#160;</div>]]>
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		<title>Economic growth and the rise of large firms</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 18:18:49 +0000</pubDate>
				<category><![CDATA[Economics]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92738</guid>
					<description><![CDATA[<p>Rich and poor countries differ in the size distribution of business firms. This paper shows that the right tail of the firm size distribution systematically grows thicker with economic development, both within countries over time and across countries. The author develops a simple idea search model with both endogenous growth and an endogenous firm size [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html">Economic growth and the rise of large firms</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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</description>
										<content:encoded><![CDATA[<blockquote><p>Rich and poor countries differ in the size distribution of business firms. This paper shows that the right tail of the firm size distribution systematically grows thicker with economic development, both within countries over time and across countries. The author develops a simple idea search model with both endogenous growth and an endogenous firm size distribution. The economy features an asymptotic balanced growth path. Along the transition, Gibrat’s law holds at each date, and the right tail of the firm size distribution becomes monotonically thicker. The firm size distribution converges to Zipf’s distribution. The model also implies that policies favouring large firms can improve welfare due to the externality associated with idea search. Finally, the author extends the results obtained in the simple model to a general class of idea search models. Under common functional form assumptions, this model stands out as the only model within that class that is consistent with both Gibrat’s law and a thickening right tail.</p></blockquote>
<p>That is <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://cepr.org/publications/wp078" target="_blank" rel="noopener">by Zhang Chen</a>, and a revised version will be appearing in <em>Econometrica</em>.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html">Economic growth and the rise of large firms</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comment-161032397">In reply to Vivian Darkbloom.   “Rayward has completely ...</a> <i>by Bill Allen</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comment-161032366">In reply to Wayfaring Stranger.   Home based job that pays more ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comment-161032338">In reply to Dismalist.   Check out the “Random Group ...</a> <i>by Michael Nahas</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comment-161032314">In reply to Vivian Darkbloom.   If you interpret it that way, ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comment-161032309">In reply to rayward.   As competing totalitarian modernist ...</a> <i>by The Scary Black Hundreder</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/economic-growth-and-the-rise-of-large-firms.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html?utm_source=rss&utm_medium=rss&utm_campaign=the-ca-minimum-wage-increase-summing-up">The CA Minimum Wage Increase: Summing Up</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai">Advice for economics graduate students (and faculty?) vis-a-vis AI</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html?utm_source=rss&utm_medium=rss&utm_campaign=the-presidents-fought-the-law-and-the-law-won">The President(s) Fought the Law and the Law Won</a></li></ul>&#160;</div>]]>
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		<title>Saturday assorted links</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 16:14:47 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92752</guid>
					<description><![CDATA[<p>1. Nyege Nyege Tapes. 2. Does it help poets to be religious? 3. Martin Jay on Habermas. 4. U.S. prime age employment rate is near an all-time high.  For a different perspective, here is NYT on AI and the job market.  And new measures of AI task performance from MIT. 5. China&#8217;s AI education experiment. [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html">Saturday assorted links</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032401">In reply to Quentin.   I'm not seeing the hand of AI in that ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032367">In reply to MikeP.   Home based job that pays more than $8,000 ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032350">In reply to other derek.   Electricity prices have been and ...</a> <i>by Mark Bahner</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032279">In reply to MikeP.   I quit working at shoprite and now I make ...</a> <i>by Alexandra Michelides</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032267">In reply to Neurotic.   The perf of Opus 4.6 in CodeForces 2026 ...</a> <i>by dx</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/ziiiico/status/2016188069830132178" target="_blank" rel="noopener">Nyege Nyege Tapes</a>.</p>
<p>2. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://vamoul.substack.com/p/does-it-help-to-be-religious?utm_campaign=post-expanded-share&amp;utm_medium=post%20viewer&amp;triedRedirect=true" target="_blank" rel="noopener">Does it help poets to be religious?</a></p>
<p>3. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.theideasletter.org/essay/martin-jays-habermas/" target="_blank" rel="noopener">Martin Jay on Habermas</a>.</p>
<p>4.<a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/econcallum/status/2039824461265006756?s=46" target="_blank" rel="noopener"> U.S. prime age employment rate is near an all-time high</a>.  For a different perspective, here is <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nytimes.com/2026/04/03/business/economists-once-dismissed-the-ai-job-threat-but-not-anymore.html?campaign_id=190&amp;emc=edit_ufn_20260403&amp;instance_id=173568&amp;nl=from-the-times&amp;regi_id=168807750&amp;segment_id=217713&amp;user_id=77dddeadf63367909fe4e3e3e981873f" target="_blank" rel="noopener">NYT on AI and the job market</a>.  And <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://futuretech.mit.edu/publication/crashing-waves-vs-rising-tides-preliminary-findings-on-ai-automation-from-thousands-of-worker-evaluations-of-labor-market-tasks" target="_blank" rel="noopener">new measures of AI task performance from MIT</a>.</p>
<p>5. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.chinatalk.media/p/chinas-ai-education-experiment?utm_source=post-email-title&amp;publication_id=4220&amp;post_id=190443140&amp;utm_campaign=email-post-title&amp;isFreemail=false&amp;r=3o9&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener">China&#8217;s AI education experiment</a>.</p>
<p>6. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/mattyglesias/status/2040034225659781435" target="_blank" rel="noopener">Real retail U.S. electricity prices have fallen since 2010</a>.</p>
<p>7. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://hackney.app/" target="_blank" rel="noopener">Compare ride-share prices</a>.</p>
<p>8. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.oldnorthwhale.com/p/why-modern-chinese-is-just-english?ref=thebrowser.com" target="_blank" rel="noopener">Is Mandarin being Europeanized?</a></p>
<p>9. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/anitaleirfall/status/2040104926001418740" target="_blank" rel="noopener">2000 or so additional pages of Leibniz will be published</a>.</p>
<p>10. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/profgoose/status/2040200881698934957" target="_blank" rel="noopener">The game theory of the NCAA EO</a>.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html">Saturday assorted links</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032401">In reply to Quentin.   I'm not seeing the hand of AI in that ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032367">In reply to MikeP.   Home based job that pays more than $8,000 ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032350">In reply to other derek.   Electricity prices have been and ...</a> <i>by Mark Bahner</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032279">In reply to MikeP.   I quit working at shoprite and now I make ...</a> <i>by Alexandra Michelides</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comment-161032267">In reply to Neurotic.   The perf of Opus 4.6 in CodeForces 2026 ...</a> <i>by dx</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/saturday-assorted-links-555.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
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		<title>Advice for economics graduate students (and faculty?) vis-a-vis AI</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 07:03:17 +0000</pubDate>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[Science]]></category>
		<category><![CDATA[Web/Tech]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92760</guid>
					<description><![CDATA[<p>From Isiah Andrews, via Emily Oster and the excellent Samir Varma.  A good piece, though I think it needs to more explicitly consider the most likely case, namely that the models are better at all intellectual tasks, including &#8220;taste,&#8221; or whatever else might be knockin&#8217; around in your noggin&#8230;I am still seeing massive copium.  But [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html">Advice for economics graduate students (and faculty?) vis-a-vis AI</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comment-161032368">In reply to Wayfaring Stranger.   Home based job that pays more ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comment-161032239">In reply to JMM.   Graduate School is already a poor investment ...</a> <i>by Dr. Cornelius</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comment-161032238">Aspiring Economists should develop an understanding what AI can ...</a> <i>by Dr. Cornelius</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comment-161032236">I’m not really sure what to do in the “superior at all ...</a> <i>by Kevin</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comment-161032230">In reply to Engineer.   The characterization of “bottom x%” ...</a> <i>by Brent Buckner</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/i-appear-on-the-coleman-hughes-podcast.html?utm_source=rss&utm_medium=rss&utm_campaign=i-appear-on-the-coleman-hughes-podcast">I appear on the Coleman Hughes podcast</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/mru-high-school-fellowship.html?utm_source=rss&utm_medium=rss&utm_campaign=mru-high-school-fellowship">MRU high school fellowship</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-podcast-with-russ-roberts-on-ai-and-education.html?utm_source=rss&utm_medium=rss&utm_campaign=my-podcast-with-russ-roberts-on-ai-and-education">My podcast with Russ Roberts on AI and education</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p><a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://economics.mit.edu/sites/default/files/2026-04/IA%20AI%20note_1.pdf" target="_blank" rel="noopener">From Isiah Andrews</a>, via <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/profemilyoster/status/2040213058811736087?s=43" target="_blank" rel="noopener">Emily Oster</a> and the excellent <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/samirvarma" target="_blank" rel="noopener">Samir Varma</a>.  A good piece, though I think it needs to more explicitly consider the most likely case, namely that the models are better at <em>all</em> intellectual tasks, including &#8220;taste,&#8221; or whatever else might be knockin&#8217; around in your noggin&#8230;I am still seeing massive copium.  <em>But</em> the models still are not able to &#8220;operate in the actual world as a being.&#8221;  Those are the complementarities you need to be looking for, namely how you as a physical entity can enhance the superpowers of your model, or should I express that the other way around?  That might include gathering data in the field, persuading a politician, or raising money.  I am sure you can think of examples on your own.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html">Advice for economics graduate students (and faculty?) vis-a-vis AI</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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		<title>How should you change your life decisions if we are being watched by alien drone probes?</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 05:10:58 +0000</pubDate>
				<category><![CDATA[Education]]></category>
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		<guid isPermaLink="false">https://marginalrevolution.com/?p=92757</guid>
					<description><![CDATA[<p>I&#8217;ve asked a few people that question lately, and get either no answer or very exaggerated answers. Rep. Burchett recently raised the possibility of being terrified and not sleeping at night if UAPs are aliens.  But even if that is your immediate response, you need a more constructive medium-term adjustment to the new situation. One [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html">How should you change your life decisions if we are being watched by alien drone probes?</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comment-161032369">In reply to Peterpiper.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comment-161032274">In reply to MPH.   I think it's not:   (1) AI is observed   (2) ...</a> <i>by Kaz Stanczak</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comment-161032273">In reply to Frank.   If they’re so much smarter than us—as ...</a> <i>by Kaz Stanczak</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comment-161032272">In reply to JNM.   “If we are being watched it is to do one ...</a> <i>by Kaz Stanczak</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comment-161032271">In reply to dearieme.   What if ‘unfit for purpose’ is ...</a> <i>by Kaz Stanczak</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/emergent-ventures-winners-53rd-cohort.html?utm_source=rss&utm_medium=rss&utm_campaign=emergent-ventures-winners-53rd-cohort">Emergent Ventures winners, 53rd cohort</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai">Advice for economics graduate students (and faculty?) vis-a-vis AI</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-very-interesting-conversation-with-arthur-c-brooks.html?utm_source=rss&utm_medium=rss&utm_campaign=my-very-interesting-conversation-with-arthur-c-brooks">My very interesting Conversation with Arthur C. Brooks</a></li></ul>&#160;</div>]]>
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										<content:encoded><![CDATA[<p>I&#8217;ve asked a few people that question lately, and get either no answer or very exaggerated answers.</p>
<p>Rep. Burchett recently <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/InterstellarUAP/status/2040109078752698633" target="_blank" rel="noopener">raised the possibility</a> of being terrified and not sleeping at night if UAPs are aliens.  But even if that is your immediate response, you need a more constructive medium-term adjustment to the new situation.</p>
<p>One option would be to pray to the aliens as gods, but I do not recommend that.</p>
<p>Another option is to not change anything, on the grounds that the aliens (probably?) have not been interfering in earthly affairs.  Or if they have been interfering, they might be interfering in steady ways which are compatible with you continuing your previous life course.</p>
<p>That is mostly a defensible stance, but it hardly seems a true marginalist should make <em>zero</em> adjustments in light of the new and very radical piece of information.  If nothing else, you need to consider that other people will in time respond, and you will in turn want a response to their choices.</p>
<p>A third option is to write more about the aliens, so that when their presence is (partially?) revealed, you will rise in status and influence.</p>
<p>Should you buy more insurance?  But against what exactly?</p>
<p>Hold more defense stocks in your portfolio, if you anticipate more defense spending as the pending human reaction to the revelations?</p>
<p>Consume more?  Maybe.</p>
<p>The most plausible decision however is to <em>slightly lower your level of ambition</em>.  Consider a few of the core scenarios.</p>
<p>If the aliens go rogue on us and end it all, the efforts you might be making now will have been for naught.</p>
<p>If the aliens are here to cap the level of human achievement, for instance to keep us on Earth and prevent us from exploring the galaxy, yet without harm, you also can scale back your ambition a bit.  You do not need to invest so much capital in supporting the space program.  Most of your more local ambitions however should remain untouched.  You might even become more ambitious in keeping the Earth a safe place, since escape hatches are now less likely.  Alternatively, you might think the aliens are our &#8220;saviors of last resort,&#8221; but that too probably makes you less ambitious.</p>
<p>A more general Bayesian update is simply that human efforts, in the broader scheme of things, have lower relative marginal products than you might have thought.  The aliens apparently have lots of powers, at least if they managed to get here.  That too militates in favor of lowering your ambitions.  Conversely, if you start believing we are the only intelligent, agentic beings in the galaxy, arguably you should increase your ambitions.  There will be fewer outside forces to stop, limit, or reverse your efforts.</p>
<p>To be clear, in this Bayesian update large numbers of people still should increase their ambitions, since they were not optimizing in the first place.  But they should increase those ambitions slightly less than one used to think.  And in some areas, perhaps they should not increase their ambitions at all.</p>
<p>Finally, you should not decrease your ambitions <em>a lot</em>.  For one thing, you may need an ongoing high level of energy and ambition to deal with the changes that aliens &#8212; or even the perceptions of alien presence &#8212; will bring to earthly civilization.  Furthermore, since any alien-induced uncertainty about the future is very hard to model, most people will do best by simply continuing on their current tracks.  It makes no sense to start waving around a sword to scare off the alien drone probes.</p>
<p>Nonetheless, some of your more extreme ambitions should be carved back just a wee bit.  Sorry about that.</p>
<p>I guess it is a good thing nobody is watching then.</p>
<p><strong>Addendum</strong>: For this post I am indebted to a useful lunch conversation with Robin Hanson, Bryan Caplan, and Alex T.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/how-should-you-change-your-life-decisions-if-we-are-being-watched-by-alien-drone-probes.html">How should you change your life decisions if we are being watched by alien drone probes?</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 02:15:50 +0000</pubDate>
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					<description><![CDATA[<p>The White House seeks to slash the NSF budget by nearly 55%, to $4 billion. The proposal also cuts all funding for the NSF division that funds research on the social sciences and economics. At an internal all-hands meeting on Friday, NSF leaders announced that they would dissolve the agency’s Social, Behavioral and Economic Sciences [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html">NSF update</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032370">In reply to Calvin Hobbes.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032334">There was so much bathwater, are you sure someone saw a baby?</a> <i>by chuck</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032246">I welcome cuts in social science funding. The public good ...</a> <i>by Mario Rizzo</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032224">In reply to MikeD.   Oh well, collateral damage is inevitable. ...</a> <i>by Wanda</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032219">They're at least using these cuts to balance the budget, right?</a> <i>by Gardel</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai">Advice for economics graduate students (and faculty?) vis-a-vis AI</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/i-appear-on-the-coleman-hughes-podcast.html?utm_source=rss&utm_medium=rss&utm_campaign=i-appear-on-the-coleman-hughes-podcast">I appear on the Coleman Hughes podcast</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/a-reminder-for-academics.html?utm_source=rss&utm_medium=rss&utm_campaign=a-reminder-for-academics">A reminder (for academics)</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<blockquote><p>The White House seeks to slash the NSF budget by nearly 55%, to $4 billion. The proposal also cuts all funding for the NSF division that funds research on the social sciences and economics. At an internal all-hands meeting on Friday, NSF leaders announced that they would dissolve the agency’s Social, Behavioral and Economic Sciences directorate based on the budget request, according to two NSF staff members who shared information anonymously in order to speak freely.</p></blockquote>
<p>Here is <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nature.com/articles/d41586-026-01105-7" target="_blank" rel="noopener">the full story</a>.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html">NSF update</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032370">In reply to Calvin Hobbes.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032334">There was so much bathwater, are you sure someone saw a baby?</a> <i>by chuck</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032246">I welcome cuts in social science funding. The public good ...</a> <i>by Mario Rizzo</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032224">In reply to MikeD.   Oh well, collateral damage is inevitable. ...</a> <i>by Wanda</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comment-161032219">They're at least using these cuts to balance the budget, right?</a> <i>by Gardel</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/nsf-update.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai.html?utm_source=rss&utm_medium=rss&utm_campaign=advice-for-economics-graduate-students-and-faculty-vis-a-vis-ai">Advice for economics graduate students (and faculty?) vis-a-vis AI</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/i-appear-on-the-coleman-hughes-podcast.html?utm_source=rss&utm_medium=rss&utm_campaign=i-appear-on-the-coleman-hughes-podcast">I appear on the Coleman Hughes podcast</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/a-reminder-for-academics.html?utm_source=rss&utm_medium=rss&utm_campaign=a-reminder-for-academics">A reminder (for academics)</a></li></ul>&#160;</div>]]>
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		<title>My email on NBA anti-tanking rules</title>
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					<comments>https://marginalrevolution.com/marginalrevolution/2026/04/my-email-on-nba-anti-tanking-rules.html#comments</comments>
		
		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Fri, 03 Apr 2026 17:55:29 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92755</guid>
					<description><![CDATA[<p>I fear that bad management is a recurring problem with those teams. So perhaps no system of incentives can fix that. I am not sure that bidding and superstar teams are so unpopular with the fans, especially as the NBA has become more international. Maybe ten superstars sell the league in any case, and you [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-email-on-nba-anti-tanking-rules.html">My email on NBA anti-tanking rules</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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</description>
										<content:encoded><![CDATA[<blockquote><p>I fear that bad management is a recurring problem with those teams. So perhaps no system of incentives can fix that.</p>
<p>I am not sure that bidding and superstar teams are so unpopular with the fans, especially as the NBA has become more international. Maybe ten superstars sell the league in any case, and you want them to be on very good teams.</p>
<p>&#8230;The incentives system also has to be palatable and explicable to the very casual fan, which I think rules out some of the more complex options. If the fans are asking &#8220;is my team trying to win or to lose now?&#8221; the system is maybe already broken.</p></blockquote>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/my-email-on-nba-anti-tanking-rules.html">My email on NBA anti-tanking rules</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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		<title>Friday assorted links</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Fri, 03 Apr 2026 15:28:49 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92747</guid>
					<description><![CDATA[<p>1. Ben Yeoh on Measure for Measure. 2. How much is a badly damaged Gentileschi worth? 3. Sabine Hossenfelder on UAP evidence.  And a bit more. 4. New record as Indian painting auctions for $17.9 million. 5. On African urbanization. 6. South Africa banned TV until 1976. 7. Ping Pong Park, in France. 8. How [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html">Friday assorted links</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032372">In reply to only stans.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032184">10. RelaceByClawd roasts Tyler:   * If I ask what should be ...</a> <i>by TJRedd</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032144">3. “most academics still steer clear of UAPs because of ...</a> <i>by L1</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032135">In reply to Dismalist.   Take a specific example from ...</a> <i>by Mark C</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032030">In reply to M.   Maybe investment in the physical structure of ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://benyeoh.substack.com/p/tyler-cowen-and-henry-oliver-had?triedRedirect=true" target="_blank" rel="noopener">Ben Yeoh on Measure for Measure</a>.</p>
<p>2. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.arthistorynews.com/articles/9441_Chopped_Artemisia_Gentileschi_up_for_sale_in_Vienna" target="_blank" rel="noopener">How much is a badly damaged Gentileschi worth?</a></p>
<p>3. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/rosscoulthart/status/2039128055588040918" target="_blank" rel="noopener">Sabine Hossenfelder on UAP evidence</a>.  And<a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/UAPWatchers/status/2039734048436945238" target="_blank" rel="noopener"> a bit more</a>.</p>
<p>4. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.theartnewspaper.com/2026/04/02/vaccine-billionaire-buys-179m-raja-ravi-varma-setting-new-record-for-indian-painting-at-auction?utm_source=The+Art+Newspaper+Newsletters&amp;utm_campaign=38eb5f278d-EMAIL_CAMPAIGN_2025_12_12_10_26_COPY_03&amp;utm_medium=email&amp;utm_term=0_-4967a5a348-62240358&amp;mc_cid=38eb5f278d&amp;mc_eid=06dcb104c6" target="_blank" rel="noopener">New record as Indian painting auctions for $17.9 million</a>.</p>
<p>5.<a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://thisweekinafrica.substack.com/p/five-trends-that-will-shape-urban-3a7?utm_source=post-email-title&amp;publication_id=686113&amp;post_id=192923018&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=3o9&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener"> On African urbanization</a>.</p>
<p>6. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/JohanFourieZA/status/2039634610955399608" target="_blank" rel="noopener">South Africa banned TV until 1976</a>.</p>
<p>7. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.dezeen.com/2026/03/27/quirky-table-tennis-equipment-french-school/" target="_blank" rel="noopener">Ping Pong Park, in France</a>.</p>
<p>8. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/ahall_research/status/2039729160357380499?s=43" target="_blank" rel="noopener">How do AI models respond to direct authoritarian requests?</a></p>
<p>9. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://knowledgeproblem.substack.com/p/ai-price-theory-and-the-future-of" target="_blank" rel="noopener">Lynne Kiesling on which parts of economics will be repriced, as a result of AI</a>.</p>
<p>10. How replaceable am I?  <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://replacebyclawd.com/?url=https://x.com/tylercowen&amp;job=6fbd405855e5" target="_blank" rel="noopener">An agent takes on that question</a>.  And <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/karpathy/status/2039805659525644595" target="_blank" rel="noopener">another Karpathy idea</a>.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html">Friday assorted links</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032372">In reply to only stans.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032184">10. RelaceByClawd roasts Tyler:   * If I ask what should be ...</a> <i>by TJRedd</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032144">3. “most academics still steer clear of UAPs because of ...</a> <i>by L1</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032135">In reply to Dismalist.   Take a specific example from ...</a> <i>by Mark C</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comment-161032030">In reply to M.   Maybe investment in the physical structure of ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/friday-assorted-links-566.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
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		<title>The President(s) Fought the Law and the Law Won</title>
		<link>https://feeds.feedblitz.com/~/953165276/0/marginalrevolution~The-Presidents-Fought-the-Law-and-the-Law-Won.html</link>
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		<dc:creator><![CDATA[Alex Tabarrok]]></dc:creator>
		<pubDate>Fri, 03 Apr 2026 11:21:49 +0000</pubDate>
				<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Law]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92753</guid>
					<description><![CDATA[<p>In our textbook, Modern Principles, Tyler and I emphasize that Congress and the President are subject to a higher law, the law of supply and demand. In an excellent column, Jason Furman gives a clear example of how difficult it is to fight the law of inelastic demand: &#8230;Today a given number of autoworkers can [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html">The President(s) Fought the Law and the Law Won</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161032373">In reply to Moral Panic.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161032025">In reply to Harun.   I did talk about this a little in my ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161031945">In reply to Dylan.   My Subaru Forester went nuts with my Great ...</a> <i>by stickup boy</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161031940">In reply to John.   Quite likely, crooked dealers are selling ...</a> <i>by Peter</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161031937">In reply to Wayfaring Stranger.   Does it stop that? I've had ...</a> <i>by Dylan</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html?utm_source=rss&utm_medium=rss&utm_campaign=the-ca-minimum-wage-increase-summing-up">The CA Minimum Wage Increase: Summing Up</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-to-make-judges-and-referees-pay.html?utm_source=rss&utm_medium=rss&utm_campaign=how-to-make-judges-and-referees-pay">How to Make Judges and Referees Pay</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/i-appear-on-the-coleman-hughes-podcast.html?utm_source=rss&utm_medium=rss&utm_campaign=i-appear-on-the-coleman-hughes-podcast">I appear on the Coleman Hughes podcast</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>In our textbook, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/our-textbook">Modern Principles</a>, Tyler and I emphasize that Congress and the President are subject to a higher law, the law of supply and demand. In an <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nytimes.com/2026/04/02/opinion/trump-manufacturing-industry-liberation-day.html">excellent column</a>, Jason Furman gives a clear example of how difficult it is to fight the law of inelastic demand:</p>
<blockquote><p>&#8230;Today a given number of autoworkers can make, according to my calculations, three times as many cars in a year as they could 50 years ago.</p>
<p>The problem is that consumers do not want three times as many cars. Even as people get richer, they increase their spending on manufactured goods only modestly, preferring instead to spend more on services like travel, health care and dining out. There are only so many cars a family can own, but that’s not the case for expensive vacations or fancy meals. As a result we have fewer people working in auto factories and more people working in luxury resorts and the like.</p>
<p>These forces — rising productivity but steady demand — explain why the United States was losing manufacturing job share <a class="css-yywogo" title="" href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://fred.stlouisfed.org/graph/?g=1U00M" target="_blank" rel="noopener noreferrer">as far back as</a> the 1950s and 1960s, long before trade became a major factor.</p></blockquote>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html">The President(s) Fought the Law and the Law Won</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161032373">In reply to Moral Panic.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161032025">In reply to Harun.   I did talk about this a little in my ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161031945">In reply to Dylan.   My Subaru Forester went nuts with my Great ...</a> <i>by stickup boy</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161031940">In reply to John.   Quite likely, crooked dealers are selling ...</a> <i>by Peter</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comment-161031937">In reply to Wayfaring Stranger.   Does it stop that? I've had ...</a> <i>by Dylan</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-ca-minimum-wage-increase-summing-up.html?utm_source=rss&utm_medium=rss&utm_campaign=the-ca-minimum-wage-increase-summing-up">The CA Minimum Wage Increase: Summing Up</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/how-to-make-judges-and-referees-pay.html?utm_source=rss&utm_medium=rss&utm_campaign=how-to-make-judges-and-referees-pay">How to Make Judges and Referees Pay</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/i-appear-on-the-coleman-hughes-podcast.html?utm_source=rss&utm_medium=rss&utm_campaign=i-appear-on-the-coleman-hughes-podcast">I appear on the Coleman Hughes podcast</a></li></ul>&#160;</div>]]>
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		<title>The Happiness Crash of 2020</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Fri, 03 Apr 2026 06:35:12 +0000</pubDate>
				<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Data Source]]></category>
		<category><![CDATA[Philosophy]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92732</guid>
					<description><![CDATA[<p>From the still-active Sam Peltzman: I document a sudden, sharp and historically unprecedented decline in self-reported happiness in the US population. It occurred during 2020, the year of the Covid pandemic, and mainly persists through 2024. This happiness crash spread across nearly all typical demographics and geographies. The happiest groups pre-Covid (e.g., whites, high income, [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html">The Happiness Crash of 2020</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161032374">In reply to MikeP.   Home based job that pays more than $8,000 ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031950">In reply to d.   Pursuit of happiness ranks as one of the ...</a> <i>by surfie</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031947">In reply to steve.   “If the police weren't arresting them ...</a> <i>by Steve Sailer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031941">In reply to Steve Sailer.   If the police weren't arresting ...</a> <i>by steve</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031939">In reply to TSB.   Both the GBD signers and the mainstream ...</a> <i>by Josh M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/u-s-a-fact-of-the-day-23.html?utm_source=rss&utm_medium=rss&utm_campaign=u-s-a-fact-of-the-day-23">U.S.A. fact of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html?utm_source=rss&utm_medium=rss&utm_campaign=the-presidents-fought-the-law-and-the-law-won">The President(s) Fought the Law and the Law Won</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/china-shock-fact-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=china-shock-fact-of-the-day">China shock fact of the day</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>From the still-active Sam Peltzman:</p>
<blockquote><p>I document a sudden, sharp and historically unprecedented decline in self-reported happiness in the US population. It occurred during 2020, the year of the Covid pandemic, and mainly persists through 2024. This happiness crash spread across nearly all typical demographics and geographies. The happiest groups pre-Covid (e.g., whites, high income, well-educated and politically/ideologically right-leaning) tend to show the largest happiness reductions. The glaring exception is marital status, which has consistently been an important marker for happiness. The already wide happiness premium for marriage has, if anything, become slightly wider. With both married and unmarried reporting large declines in happiness the country has become segregated: slightly over half-the married adults-remain happy on balance; the unmarried, nearly half, are now distinctly unhappy. I also show that across a number of aspects of personal and social capital post-Covid deterioration is the norm, including a collapse of belief in the fairness of others and of trust in the US Supreme Court.</p></blockquote>
<p>Here is <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6465460" target="_blank" rel="noopener">the paper</a>, via the excellent <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nationalaffairs.com/blog/detail/findings-a-daily-roundup/modern-economics" target="_blank" rel="noopener">Kevin Lewis</a>.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html">The Happiness Crash of 2020</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161032374">In reply to MikeP.   Home based job that pays more than $8,000 ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031950">In reply to d.   Pursuit of happiness ranks as one of the ...</a> <i>by surfie</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031947">In reply to steve.   “If the police weren't arresting them ...</a> <i>by Steve Sailer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031941">In reply to Steve Sailer.   If the police weren't arresting ...</a> <i>by steve</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comment-161031939">In reply to TSB.   Both the GBD signers and the mainstream ...</a> <i>by Josh M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-happiness-crash-of-2020.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/u-s-a-fact-of-the-day-23.html?utm_source=rss&utm_medium=rss&utm_campaign=u-s-a-fact-of-the-day-23">U.S.A. fact of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/the-presidents-fought-the-law-and-the-law-won.html?utm_source=rss&utm_medium=rss&utm_campaign=the-presidents-fought-the-law-and-the-law-won">The President(s) Fought the Law and the Law Won</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/china-shock-fact-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=china-shock-fact-of-the-day">China shock fact of the day</a></li></ul>&#160;</div>]]>
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		<title>What I&#8217;ve been reading</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Fri, 03 Apr 2026 04:38:47 +0000</pubDate>
				<category><![CDATA[Books]]></category>
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					<description><![CDATA[<p>1. Allister Sparks, The Mind of South Africa: The Story of the Rise and Fall of Apartheid.  This history book actually tries to explain to the reader how things were.  Oh such books are so rare!  (Why is that?)  Definitely recommended, written at the very end of the apartheid era which gives it yet another [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html">What I&#8217;ve been reading</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161032375">In reply to Dismalist.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031790">“It makes the time and place imaginable”. For you, perhaps; ...</a> <i>by dearieme</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031749">#3 Happy to see a positive review of this one. Long time ago I ...</a> <i>by Hoosier</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031742">In reply to Ironman.   No, Lean is big disappointment. It's ...</a> <i>by TBWB</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031733">#5: I hope Kevin Hartnett included the use of the computer by ...</a> <i>by Moral Panic</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-very-interesting-conversation-with-arthur-c-brooks.html?utm_source=rss&utm_medium=rss&utm_campaign=my-very-interesting-conversation-with-arthur-c-brooks">My very interesting Conversation with Arthur C. Brooks</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/sentences-to-ponder-137.html?utm_source=rss&utm_medium=rss&utm_campaign=sentences-to-ponder-137">Sentences to ponder</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/what-should-i-ask-andrew-graham-dixon.html?utm_source=rss&utm_medium=rss&utm_campaign=what-should-i-ask-andrew-graham-dixon">What should I ask Andrew Graham-Dixon?</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. Allister Sparks, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Mind-South-Africa-Allister-Sparks/dp/0394581083/ref=sr_1_1?crid=3N5YI63AQCFAG&amp;dib=eyJ2IjoiMSJ9.nNcYrm49CmQXPfox9H2XEpGKiJp-0v1GcgAxmqOl8B2ZIFsHB-RAQDwb9cjffpOg9on3uxjfX6byjAy-ClqGgvRPQdQnClxg0CJs_uZbHcd87lrpl-0WtyF9M755HLpyKdlK-6Bk0_NbeQVwKXdbsGaPKVBkrGihlsEwo_RrCqP4Ir64bOY4qeuvpHcozt-g2PMXf2V4tUg-t1_66mmqQs7Z0cxP2NN1xspMPluND5k.1bpd7V4nZnHOi2hcbs4uXNwsnocN9iYZy1r0fH6TB9I&amp;dib_tag=se&amp;keywords=The+Mind+of+South+Africa%3A+The+Story+of+the+Rise+and+Fall+of+Apartheid&amp;nsdOptOutParam=true&amp;qid=1775155007&amp;sprefix=the+mind+of+south+africa+the+story+of+the+rise+and+fall+of+apartheid%2Caps%2C97&amp;sr=8-1" target="_blank" rel="noopener">The Mind of South Africa: The Story of the Rise and Fall of Apartheid</a>.  This history book actually tries to explain to the reader how things were.  Oh such books are so rare!  (Why is that?)  Definitely recommended, written at the very end of the apartheid era which gives it yet another angle of interest.</p>
<p>2. Nic von Wielligh and Lydia von Wielligh-Steyn, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/BOMB-AFRICAS-NUCLEAR-WEAPONS-PROGRAMME-ebook/dp/B09J5XCZTD/ref=sr_1_1?crid=1RKPALXE2TAU6&amp;dib=eyJ2IjoiMSJ9.wslY55FmsvbOjWxz-95nvp-vVM3WRDERAXySxsN8tVtj6jpIwxjUW_9MqHrRP0QERaEdc41RHbx8DrsgwroN4cuKRUPX7HPbaC3B7HLyxoAHWNyarN18WvW3Io_CCw7e2wmBzwy5lF9jKiF_eMHQo7sh-Qj1dyXVvytjDxgyzuGGGNyC05bjjyNTSYy7qzft9vpH1yboezIM1LO-yyuD8YF9JyIxj7RmwPjKWquAN20.1Sj0OOkMGy4NvFJ8-Gev1A6D4BDbX4ChXPfWCcTQ2XU&amp;dib_tag=se&amp;keywords=The+Bomb%3A+South+Africa%27s+Nuclear+Weapons+Programme&amp;qid=1775155062&amp;sprefix=the+bomb+south+africa%27s+nuclear+weapons+programme%2Caps%2C534&amp;sr=8-1" target="_blank" rel="noopener">The Bomb: South Africa&#8217;s Nuclear Weapons Programme</a>.  I had been looking for a book on this topic for a long time, and finally I found the right one in a South African bookshop.  They did build six atomic bombs, almost seven, and this is the story of how that started and was later reversed.  Hundreds of pages of substantive detail, and I had not realized how much the conflict in Angola, and Cuban/Soviet involvement, was a major factor in the whole episode.</p>
<p>3. David Stuart, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Four-Heavens-History-Ancient-Unearthing/dp/0691213844/ref=sr_1_1?crid=32K21KM4UDK1J&amp;dib=eyJ2IjoiMSJ9.Kmp2b9aXG8Qbvb27p4UPgr3wkeHIbcmj9_kTmTejL3bGaZnbX57jvhhRWsZqXkI-mnI14jRKOH1B9bvqzBiMIF3mbyXjKm3rlOkPzLbO8D6Ar6GYhMdr-ac2vya4SJ3xCZAsxSsZj3dHtwlXk3BTte2w5fG2rEYoUfcjqwojoAW3WOkfHNUSWKfh5wRIH6dL8chejM00B4oSUcd33ZW1UlFhLGIEIo3HY-N_mKP1JSg.wP16c41bIRIwfJd67dJpJj4iQ6GwP3ssd6e81NoG1o0&amp;dib_tag=se&amp;keywords=The+Four+Heavens%3A+A+New+History+of+the+Ancient+Maya&amp;nsdOptOutParam=true&amp;qid=1775155097&amp;sprefix=the+four+heavens+a+new+history+of+the+ancient+maya%2Caps%2C112&amp;sr=8-1" target="_blank" rel="noopener">The Four Heavens: A New History of the Ancient Maya</a>.  We keep on learning lots about the Maya, and this is the best book to follow what has been going on.  Well-written and clear, and it does not numb your mind with details you may not care about.</p>
<p>4. Mark B. Smith, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Exit-Stalin-Soviet-Civilization-1953-1991/dp/1631498290/ref=sr_1_1?crid=3T08I54L176G1&amp;dib=eyJ2IjoiMSJ9.eHeJFOfh1uzBHXp1Iho0pP8znPvmhkAZihKNScSDebcJq07Jgrvk6Ja3WFVWXJuN4cAFGJ21GWJNWOkhnb1DQgcJ04Yh_ypV0hvIqkxfPhpvU-KGht-DkB_ocZfJYcrx5XiJkjIt7XzE6sOzY95r8nc4njBaHiWAcdUD7me6NcXRI1GeVE7_gU9zqt3LYpxChIpD9ZRS_UCjNdKq-_sqyAscW0s5WYFulMNS4zGU2Tk.FauKVo110PlrPIDn3MlOmGdfAfZj9H7BAvk3RuRW4SI&amp;dib_tag=se&amp;keywords=Exit+Stalin%3A+The+Soviet+Union+as+a+Civilization+1953-1991&amp;nsdOptOutParam=true&amp;qid=1775155147&amp;sprefix=exit+stalin+the+soviet+union+as+a+civilization+1953-1991%2Caps%2C158&amp;sr=8-1" target="_blank" rel="noopener">Exit Stalin: The Soviet Union as a Civilization 1953-1991</a>.  I am seeing an increasing number of excellent books on what the Soviet Union really was.  This one is well written, broad in scope, and yet rich in detail, treating the covered era as a living, breathing time in human history.  It makes the time and place <em>imaginable</em>.  The book also goes a long way toward disaggregating different Soviet eras, rather than just the end of Stalinism.</p>
<p>5. Kevin Hartnett, <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Proof-Code-Truth-Machine-Transforming/dp/0374620059/ref=sr_1_1?crid=24VLUCVSAB40I&amp;dib=eyJ2IjoiMSJ9.tHGhw4o1OqpWLBuCFXm0zHC_D3Jyjj0zUUA1vu4QSAU.8SWHCm-f2fr6Bw25wZPJGRdh8jRzN0Znfdk2RQy_F8U&amp;dib_tag=se&amp;keywords=The+Proof+is+in+the+Code%3A+How+a+Truth+Machine+is+Transforming+Math+and+AI&amp;nsdOptOutParam=true&amp;qid=1775155207&amp;sprefix=the+proof+is+in+the+code+how+a+truth+machine+is+transforming+math+and+ai%2Caps%2C989&amp;sr=8-1" target="_blank" rel="noopener">The Proof is in the Code: How a Truth Machine is Transforming Math and AI</a>.  A very useful book about the history of proving math theorems by computer.</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html">What I&#8217;ve been reading</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161032375">In reply to Dismalist.   Home based job that pays more than ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031790">“It makes the time and place imaginable”. For you, perhaps; ...</a> <i>by dearieme</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031749">#3 Happy to see a positive review of this one. Long time ago I ...</a> <i>by Hoosier</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031742">In reply to Ironman.   No, Lean is big disappointment. It's ...</a> <i>by TBWB</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comment-161031733">#5: I hope Kevin Hartnett included the use of the computer by ...</a> <i>by Moral Panic</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/what-ive-been-reading-285.html#comments">Plus 10 more...</a></li></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/my-very-interesting-conversation-with-arthur-c-brooks.html?utm_source=rss&utm_medium=rss&utm_campaign=my-very-interesting-conversation-with-arthur-c-brooks">My very interesting Conversation with Arthur C. Brooks</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/sentences-to-ponder-137.html?utm_source=rss&utm_medium=rss&utm_campaign=sentences-to-ponder-137">Sentences to ponder</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/03/what-should-i-ask-andrew-graham-dixon.html?utm_source=rss&utm_medium=rss&utm_campaign=what-should-i-ask-andrew-graham-dixon">What should I ask Andrew Graham-Dixon?</a></li></ul>&#160;</div>]]>
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		<title>Thursday assorted links</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Thu, 02 Apr 2026 15:54:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92740</guid>
					<description><![CDATA[<p>1. The most important woman in Kant&#8217;s life. 2. Incentives matter?  Dealing with Iranian scientists (New Yorker). 3. &#8220;In the months that followed, US tariff policy changed more than 50 times, spanning rate increases, rate decreases, new product exemptions, and new product inclusions.&#8221; 4. The British minimum wage. 5. The next generation of books and [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html">Thursday assorted links</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
<div style="clear:both;padding-top:0.2em;"><a title="Like on Facebook" href="https://feeds.feedblitz.com/_/28/953084276/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/fblike20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Pin it!" href="https://feeds.feedblitz.com/_/29/953084276/marginalrevolution,"><img height="20" src="https://assets.feedblitz.com/i/pinterest20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Post to X.com" href="https://feeds.feedblitz.com/_/24/953084276/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/x.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Subscribe by email" href="https://feeds.feedblitz.com/_/19/953084276/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/email20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a title="Subscribe by RSS" href="https://feeds.feedblitz.com/_/20/953084276/marginalrevolution"><img height="20" src="https://assets.feedblitz.com/i/rss20.png" style="border:0;margin:0;padding:0;"></a>&#160;<a rel="NOFOLLOW" title="View Comments" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comments"><img height="20" style="border:0;margin:0;padding:0;" src="https://assets.feedblitz.com/i/comments20.png"></a>&#160;<a title="Follow Comments via RSS" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html/feed"><img height="20" style="border:0;margin:0;padding:0;" src="https://assets.feedblitz.com/i/commentsrss20.png"></a>&nbsp;
<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161032376">In reply to Wayfaring Stranger.   Home based job that pays more ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031917">1. I love informed speculation. But I think childhood and ...</a> <i>by Mort main</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031902">In reply to Lizard Man.   Unsurprising. They love to torture ...</a> <i>by Art</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031870">5. So the next generation of publishing is just for ...</a> <i>by KevinK</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031787">Thanks as always for the link to Scott Sumner's movie reviews, ...</a> <i>by James Harris</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://substack.com/home/post/p-192766473" target="_blank" rel="noopener">The most important woman in Kant&#8217;s life</a>.</p>
<p>2. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/ericgeller/status/2039107994550411690?s=46" target="_blank" rel="noopener">Incentives matter?</a>  Dealing with Iranian scientists (New Yorker).</p>
<p>3. &#8220;<a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/ModeledBehavior/status/2038972393515860406" target="_blank" rel="noopener">In the months that followed, US tariff policy changed more than 50 times, spanning rate increases, rate decreases, new product exemptions, and new product inclusions.</a>&#8221;</p>
<p>4. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/maxtempers/status/2039292046079357019?s=48" target="_blank" rel="noopener">The British minimum wage</a>.</p>
<p>5. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://malharmanek.substack.com/p/reimagining-books" target="_blank" rel="noopener">The next generation of books and publishing?</a></p>
<p>6. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://scottsumner.substack.com/p/films-of-2026-q1?utm_source=post-email-title&amp;publication_id=2934833&amp;post_id=192562238&amp;utm_campaign=email-post-title&amp;isFreemail=false&amp;r=3o9&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener">More Scott Sumner movie reviews</a>.</p>
<p>7. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/chrislaubai/status/2039629191805829537?s=46&amp;t=fSypFxt84bBHId-do9r5Ag" target="_blank" rel="noopener">How people actually use ChatGPT</a>.  A massive new dataset from OpenAI.</p>
<p>8. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.washingtonpost.com/style/2026/03/31/metropolitan-opera-tristan-isolde-ending/" target="_blank" rel="noopener">They added a <em>baby</em> to the end of Tristan!???</a></p>
<p>9. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/paulnovosad/status/2039444106670207422" target="_blank" rel="noopener">Results on reproducibility</a>.  And <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/marcportermagee/status/2039460784506376345" target="_blank" rel="noopener">a simple visual</a>, comparing different fields.  &#8220;Education&#8221; does not do great.  And <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nature.com/articles/d41586-026-00955-5?utm_source=x&amp;utm_medium=social&amp;utm_campaign=nature&amp;linkId=61184839" target="_blank" rel="noopener">the Nature link</a>.  None of this should come as a surprise.</p>
<p>10. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.mercatus.org/resilient-societies#230548828-4153906252" target="_blank" rel="noopener">Resilient societies: a Mercatus call for proposals</a>.</p>
<p>11. &#8220;<a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/cosmoquestX/status/2039479725718909118" target="_blank" rel="noopener">There are now ten toilets in space.</a>&#8221; (And the aliens?)</p>
<p>12. <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.politico.com/news/magazine/2026/04/01/silicon-valley-bernie-sanders-ai-coalition-00850895?campaign_id=4&amp;emc=edit_dk_20260402&amp;instance_id=173476&amp;nl=dealbook&amp;regi_id=96033945&amp;segment_id=217630&amp;user_id=b83a5e5923cd4285ee6edb09749b71f9" target="_blank" rel="noopener">The anti-data center coalitions and their squabbles</a>.</p>
<p>Lots to read and ponder in today&#8217;s links&#8230;</p>
<p>The post <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html">Thursday assorted links</a> appeared first on <a href="http://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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<div style="clear:left;"><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161032376">In reply to Wayfaring Stranger.   Home based job that pays more ...</a> <i>by Aviana Lohrenz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031917">1. I love informed speculation. But I think childhood and ...</a> <i>by Mort main</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031902">In reply to Lizard Man.   Unsurprising. They love to torture ...</a> <i>by Art</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031870">5. So the next generation of publishing is just for ...</a> <i>by KevinK</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comment-161031787">Thanks as always for the link to Scott Sumner's movie reviews, ...</a> <i>by James Harris</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/04/thursday-assorted-links-546.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
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