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		<title>What else is special about southeastern Michigan? (from my email)</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Mon, 18 May 2026 06:40:57 +0000</pubDate>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Food and Drink]]></category>
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					<description><![CDATA[<p>Thanks for swinging by Southeastern Michigan. He are two things other things that this area continues to produce and export at scale that don&#8217;t get as much notice: * Mortgages &#8211; The two largest residential mortgage lenders are located in Detroit: United Wholesale Mortgage ($164B of mortgage originations for 2025) and Rocket Mortgages ($113B). It&#8217;s a fragmented [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html">What else is special about southeastern Michigan? (from my email)</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/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044978">Related, General Motors Acceptance Corporation (GMAC) was ...</a> <i>by Steve</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044975">In reply to M.   (Fake edit: Walking back a little bit, some of ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044973">In reply to M.   (Incidentally the link makes it clear what the ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044971">I'm pretty sure that 50% of the pizzas bought in the UK are not ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044968">Detroit has a very good airport, even with a recent-ish history ...</a> <i>by Gary Leff</i></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html?utm_source=rss&utm_medium=rss&utm_campaign=hayek-in-jacobin">Hayek in Jacobin</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/my-excellent-conversation-with-bob-spitz.html?utm_source=rss&utm_medium=rss&utm_campaign=my-excellent-conversation-with-bob-spitz">My excellent Conversation with Bob Spitz</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<blockquote><p>Thanks for swinging by Southeastern Michigan. He are two things other things that this area continues to produce and export at scale that don&#8217;t get as much notice:</p>
<p>* <b>Mortgages</b> &#8211; The two largest residential mortgage lenders are located in Detroit: United Wholesale Mortgage ($164B of mortgage originations for 2025) and Rocket Mortgages ($113B). It&#8217;s a fragmented industry, but to give you a sense of their comparative scale, Chase is #3 lender @ $66B in originations. Detroit continues to be the home of financial services for many Americans&#8217; largest purchase.</p>
<p>* <b>Food</b> &#8211; Michigan, not NY or Italy, is responsible for the scaling of pizza. Domino&#8217;s, Little Caesar&#8217;s, and Jet&#8217;s were all founded in Southeastern Michigan. Domino&#8217;s is the largest pizza company in the world, and in many global markets, Domino&#8217;s defines &#8220;pizza.&#8221; For instance, Domino&#8217;s market share of pizza in the UK is over 50%. So, the UK has adopted Michigan&#8217;s, not Italy&#8217;s, understanding of pizza.</p>
<p>One narrative for Michigan should be that it has continued to shape global culture, through scaled production of mortgages and pizza. It doesn&#8217;t get more American than cars + mortgages + pizza, does it?</p></blockquote>
<p>That is from Jeff Withington.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html">What else is special about southeastern Michigan? (from my email)</a> appeared first on <a href="https://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/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044978">Related, General Motors Acceptance Corporation (GMAC) was ...</a> <i>by Steve</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044975">In reply to M.   (Fake edit: Walking back a little bit, some of ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044973">In reply to M.   (Incidentally the link makes it clear what the ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044971">I'm pretty sure that 50% of the pizzas bought in the UK are not ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html#comment-161044968">Detroit has a very good airport, even with a recent-ish history ...</a> <i>by Gary Leff</i></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html?utm_source=rss&utm_medium=rss&utm_campaign=hayek-in-jacobin">Hayek in Jacobin</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/my-excellent-conversation-with-bob-spitz.html?utm_source=rss&utm_medium=rss&utm_campaign=my-excellent-conversation-with-bob-spitz">My excellent Conversation with Bob Spitz</a></li></ul>&#160;</div>]]>
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		<title>Why I am skeptical on the relationship between smart phones and fertility</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Mon, 18 May 2026 04:34:18 +0000</pubDate>
				<category><![CDATA[Data Source]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=93028</guid>
					<description><![CDATA[<p>That is from Alex Nowrasteh.  And for some country by country graphs: Here is that link.  There might be some connection to smart phones, but it just does not seem that strong?  Perhaps the phones give a fillip and a modest acceleration to an already in place trend?  And are Kenya&#8217;s phones really all that [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html">Why I am skeptical on the relationship between smart phones and fertility</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/_/28/956483966/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/_/29/956483966/marginalrevolution,https%3a%2f%2fpbs.twimg.com%2fmedia%2fHIhS8UdWoAAVjQI%3fformat%3dpng%26amp%3bname%3d900x900"><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/_/24/956483966/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/_/19/956483966/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/_/20/956483966/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/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.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/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.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/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044974">Endless scrolling does produce information overload. “The ...</a> <i>by rayward</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044972">In reply to rsm.   I'm not. The world doesn't revolve around ...</a> <i>by SpeculativeDiction</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044970">In reply to SpeculativeDiction.   Wait how are you going to ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044967">In reply to Gene de Murro.   4. Birth control and the sexual ...</a> <i>by HB</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044966">Phones are more likely an *effect* of low fertility, frankly. ...</a> <i>by Gene de Murro</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.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/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html?utm_source=rss&utm_medium=rss&utm_campaign=revealing-life-preferences-through-llms">Revealing Life Preferences Through LLMs</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://pbs.twimg.com/media/HIhS8UdWoAAVjQI?format=png&amp;name=900x900" alt="Image" /></p>
<p>That is <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/AlexNowrasteh/status/2055984501029830864?s=20" target="_blank" rel="noopener">from Alex Nowrasteh</a>.  And for some country by country graphs:</p>
<p><img decoding="async" src="https://pbs.twimg.com/media/HIewr62XoAAwYLM?format=png&amp;name=900x900" alt="Image" /></p>
<p>Here is <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/cjferguson1111/status/2056006846930911433?s=61" target="_blank" rel="noopener">that link</a>.  There might be <em>some</em> connection to smart phones, but it just does not seem that strong?  Perhaps the phones give a fillip and a modest acceleration to an already in place trend?  And are Kenya&#8217;s phones really all that &#8220;smart,&#8221; even today?</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html">Why I am skeptical on the relationship between smart phones and fertility</a> appeared first on <a href="https://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/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044974">Endless scrolling does produce information overload. “The ...</a> <i>by rayward</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044972">In reply to rsm.   I'm not. The world doesn't revolve around ...</a> <i>by SpeculativeDiction</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044970">In reply to SpeculativeDiction.   Wait how are you going to ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044967">In reply to Gene de Murro.   4. Birth control and the sexual ...</a> <i>by HB</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.html#comment-161044966">Phones are more likely an *effect* of low fertility, frankly. ...</a> <i>by Gene de Murro</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/why-i-am-skeptical-on-the-relationship-between-smart-phones-and-fertility.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/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html?utm_source=rss&utm_medium=rss&utm_campaign=revealing-life-preferences-through-llms">Revealing Life Preferences Through LLMs</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, 17 May 2026 15:56:48 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=93014</guid>
					<description><![CDATA[<p>1. University of Vermont enrollments expected to fall fifteen percent this year. 2, New NSF initiative, which seems set to bypass universities? 3. Are firms migrating from the US to Europe, or vice versa? 4. Soft tissue star injuries in the NBA are getting worse. 5. NY high school has 21 valedictorians all with A+ [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html">Sunday 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/2026/05/sunday-assorted-links-567.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044969">In reply to WB.   If what you want to do is impress people at ...</a> <i>by David Blair</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044946">In reply to skyzyks.   Maybe Rolla, f/k/a Missouri School of ...</a> <i>by Thanatos Savehn</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044941">In reply to mkt42.   Silicon tech bros have zero interest in or ...</a> <i>by surfie</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044940">In reply to Aaronn.   And now Colorado has decided to copy EU ...</a> <i>by TJL</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044938">In reply to Snowy.   Alan’s point was that one learns more ...</a> <i>by Kaz Stanczak</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/marcportermagee/status/2054985372115849693?s=46&amp;t=QjfV_ZHNvP2ulzJ-j8JFcg" target="_blank" rel="noopener">University of Vermont enrollments expected to fall fifteen percent this year</a>.</p>
<p>2, <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/NSF/status/2054971115953426644" target="_blank" rel="noopener">New NSF initiative, which seems set to bypass universities?</a></p>
<p>3. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/R2Rsquared/status/2055336033391112594" target="_blank" rel="noopener">Are firms migrating from the US to Europe, or vice versa?</a></p>
<p>4. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.theringer.com/2026/05/14/nba/nba-injuries-leg-calf-hamstring-achilles-data" target="_blank" rel="noopener">Soft tissue star injuries in the NBA are getting worse</a>.</p>
<p>5. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://people.com/21-class-valedictorians-graduating-from-same-high-school-11975054" target="_blank" rel="noopener">NY high school has 21 valedictorians all with A+ averages</a>.</p>
<p>6. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/nxthompson/status/2055415936908136899" target="_blank" rel="noopener">How to drink more water</a>.</p>
<p>7. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.ft.com/content/fba35eca-df3a-4ad6-b42d-eb08eb7c9ad3?syn-25a6b1a6=1" target="_blank" rel="noopener">Are smartphones behind the decline in birth rates?</a> (FT)</p>
<p>8. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/patrickc/status/2055733308877881807" target="_blank" rel="noopener">Patrick Collison on Detroit</a>.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html">Sunday assorted links</a> appeared first on <a href="https://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/2026/05/sunday-assorted-links-567.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044969">In reply to WB.   If what you want to do is impress people at ...</a> <i>by David Blair</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044946">In reply to skyzyks.   Maybe Rolla, f/k/a Missouri School of ...</a> <i>by Thanatos Savehn</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044941">In reply to mkt42.   Silicon tech bros have zero interest in or ...</a> <i>by surfie</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044940">In reply to Aaronn.   And now Colorado has decided to copy EU ...</a> <i>by TJL</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comment-161044938">In reply to Snowy.   Alan’s point was that one learns more ...</a> <i>by Kaz Stanczak</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/sunday-assorted-links-567.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
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		<title>Dwarkesh in the Datacenter</title>
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		<dc:creator><![CDATA[Alex Tabarrok]]></dc:creator>
		<pubDate>Sun, 17 May 2026 11:18:04 +0000</pubDate>
				<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Data Source]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Web/Tech]]></category>
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					<description><![CDATA[<p>Dwarkesh tours one of Jane Street&#8217;s datacenters. It&#8217;s extraordinary how much compute goes into finance. (I once predicted that the finance AIs would be the first to become conscious, since they have the most compute.) More generally, however, this is a peek inside the remarkable economics, technology and physics of a datacenter. Did you know the [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html">Dwarkesh in the Datacenter</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/2026/05/dwarkesh-in-the-datacenter.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044936">In reply to M.   That's the question I ask myself every time a ...</a> <i>by Jack of all disciplines</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044928">In reply to Ed77.   Is Fischer Black relevant here?   “If ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044927">In reply to rsm.   The U.S. attack on Iran meant jet fuel and ...</a> <i>by trump tried to coo</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044925">In reply to Individual investor.   The Robinhood folks in @Ed's ...</a> <i>by Gilligan</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044920">In reply to trump tried to coo.   Hmm, what does Trump ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.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/2026/05/data-centers-are-good.html?utm_source=rss&utm_medium=rss&utm_campaign=data-centers-are-good">Data centers are good</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html?utm_source=rss&utm_medium=rss&utm_campaign=revealing-life-preferences-through-llms">Revealing Life Preferences Through LLMs</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>Dwarkesh tours <em>one of </em>Jane Street&#8217;s datacenters. It&#8217;s extraordinary how much compute goes into finance. (I once predicted that the finance AIs would be the first to become conscious, since they have the most compute.) More generally, however, this is a peek inside the remarkable economics, technology and physics of a datacenter. Did you know the electrical signal in a copper wire can travel faster than light in fiber&#8230;and that matters! Amazing.</p>
<p><iframe title="Dwarkesh Goes Inside Jane Street&#039;s Latest AI Data Center" width="500" height="281" src="https://www.youtube.com/embed/8J-GUnfSqeE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html">Dwarkesh in the Datacenter</a> appeared first on <a href="https://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/2026/05/dwarkesh-in-the-datacenter.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044936">In reply to M.   That's the question I ask myself every time a ...</a> <i>by Jack of all disciplines</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044928">In reply to Ed77.   Is Fischer Black relevant here?   “If ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044927">In reply to rsm.   The U.S. attack on Iran meant jet fuel and ...</a> <i>by trump tried to coo</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044925">In reply to Individual investor.   The Robinhood folks in @Ed's ...</a> <i>by Gilligan</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html#comment-161044920">In reply to trump tried to coo.   Hmm, what does Trump ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.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/2026/05/data-centers-are-good.html?utm_source=rss&utm_medium=rss&utm_campaign=data-centers-are-good">Data centers are good</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html?utm_source=rss&utm_medium=rss&utm_campaign=revealing-life-preferences-through-llms">Revealing Life Preferences Through LLMs</a></li></ul>&#160;</div>]]>
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		<title>&#8220;Is the scientific enterprise too risk-averse?&#8221;</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sun, 17 May 2026 06:35:41 +0000</pubDate>
				<category><![CDATA[Science]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=93019</guid>
					<description><![CDATA[<p>I participated in an Open to Debate debate at Johns Hopkins not too long ago, argued yes, and my side saw a twelve-point shift in our favor.  Here are some links: Links to the full debate: YouTube: https://youtu.be/AuPz09dpLSc Substack: https://opentodebate.substack.com/p/the-hopkins-forum-is-the-scientific Spotify Podcast: https://open.spotify.com/episode/2g54DD8v68vII771VdxlDC?si=d7c1c3b67de84901 Apple Podcasts: https://podcasts.apple.com/us/podcast/open-to-debate/id216713308?i=1000767731431 Also to be broadcast over NPR.</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html">&#8220;Is the scientific enterprise too risk-averse?&#8221;</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/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044835">Funding is risk-averse.</a> <i>by ed o</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044825">In reply to dearieme.   After my biologist daughter explained ...</a> <i>by Dismalist</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044796">This from the guy who to all apparent statements supports ...</a> <i>by Wayfaring Stranger</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044779">In reply to rayward.   the way you type questions in chatgpt is ...</a> <i>by &</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044752">In reply to rayward.   LLM personalities matter little, and ...</a> <i>by Bob</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comments">Plus 3 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/2026/05/weapons-wealth-and-the-fates-of-societies.html?utm_source=rss&utm_medium=rss&utm_campaign=weapons-wealth-and-the-fates-of-societies">Weapons, Wealth, and the Fates of Societies</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/meta-papers-in-science-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=meta-papers-in-science-from-my-email">Meta-papers in science (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/ideas-behind-their-time-2.html?utm_source=rss&utm_medium=rss&utm_campaign=ideas-behind-their-time-2">Ideas Behind Their Time: Part Two</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>I participated in an Open to Debate debate at Johns Hopkins not too long ago, argued yes, and my side saw a twelve-point shift in our favor.  Here are some links:</p>
<p><b data-olk-copy-source="MessageBody">Links to the full debate:</b></p>
<ul>
<li>
<p role="presentation"><b>YouTube:</b> <a title="Original URL: https://youtu.be/AuPz09dpLSc. Click or tap if you trust this link." href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fyoutu.be%2FAuPz09dpLSc&amp;data=05%7C02%7Ctcowen%40gmu.edu%7Ca891fe9d98594f0245e508deb293d256%7C9e857255df574c47a0c00546460380cb%7C0%7C0%7C639144546067102386%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C60000%7C%7C%7C&amp;sdata=9cDGHpouwRBthFG9V5KxbplVMMXXDMcPTws2EnCPwGU%3D&amp;reserved=0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-outlook-id="892a1806-08b7-43cd-9f45-2ce0a2cae571" data-linkindex="3">https://youtu.be/AuPz09dpLSc</a></p>
</li>
<li>
<div role="presentation"><b>Substack: </b><a title="Original URL: https://opentodebate.substack.com/p/the-hopkins-forum-is-the-scientific. Click or tap if you trust this link." href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fopentodebate.substack.com%2Fp%2Fthe-hopkins-forum-is-the-scientific&amp;data=05%7C02%7Ctcowen%40gmu.edu%7Ca891fe9d98594f0245e508deb293d256%7C9e857255df574c47a0c00546460380cb%7C0%7C0%7C639144546067140558%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C60000%7C%7C%7C&amp;sdata=hYDse4PL53bhgceH%2FWb8BIHHeZlxSnalRhl%2FasGChaE%3D&amp;reserved=0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-outlook-id="79441e85-1ad1-49a9-96bb-8fa74fc0b93e" data-linkindex="4">https://opentodebate.substack.com/p/the-hopkins-forum-is-the-scientific</a></div>
</li>
<li>
<div role="presentation"><b>Spotify Podcast: </b><a title="Original URL: https://open.spotify.com/episode/2g54DD8v68vII771VdxlDC?si=d7c1c3b67de84901. Click or tap if you trust this link." href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fopen.spotify.com%2Fepisode%2F2g54DD8v68vII771VdxlDC%3Fsi%3Dd7c1c3b67de84901&amp;data=05%7C02%7Ctcowen%40gmu.edu%7Ca891fe9d98594f0245e508deb293d256%7C9e857255df574c47a0c00546460380cb%7C0%7C0%7C639144546067171170%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C60000%7C%7C%7C&amp;sdata=ejoXnjgHhrINgptxzyegEnNLY4QAzXPWKmTWkMOWYFQ%3D&amp;reserved=0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-outlook-id="ab1b8dde-d02f-4a22-8b21-c58da9ced933" data-linkindex="5">https://open.spotify.com/episode/2g54DD8v68vII771VdxlDC?si=d7c1c3b67de84901</a></div>
</li>
<li>
<div role="presentation"><b>Apple Podcasts: </b><a title="Original URL: https://podcasts.apple.com/us/podcast/open-to-debate/id216713308?i=1000767731431. Click or tap if you trust this link." href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fopen-to-debate%2Fid216713308%3Fi%3D1000767731431&amp;data=05%7C02%7Ctcowen%40gmu.edu%7Ca891fe9d98594f0245e508deb293d256%7C9e857255df574c47a0c00546460380cb%7C0%7C0%7C639144546067195035%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C60000%7C%7C%7C&amp;sdata=%2BCBKUmX9YtTw%2FFmgI0aEBlNUZkvI8UtAWbnm3aIGcrs%3D&amp;reserved=0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-outlook-id="72aead68-1fb5-42b6-ab96-956ea12f74f7" data-linkindex="6">https://podcasts.apple.com/us/podcast/open-to-debate/id216713308?i=1000767731431</a></div>
</li>
</ul>
<p>Also to be broadcast over NPR.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html">&#8220;Is the scientific enterprise too risk-averse?&#8221;</a> appeared first on <a href="https://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/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044835">Funding is risk-averse.</a> <i>by ed o</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044825">In reply to dearieme.   After my biologist daughter explained ...</a> <i>by Dismalist</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044796">This from the guy who to all apparent statements supports ...</a> <i>by Wayfaring Stranger</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044779">In reply to rayward.   the way you type questions in chatgpt is ...</a> <i>by &</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comment-161044752">In reply to rayward.   LLM personalities matter little, and ...</a> <i>by Bob</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/is-the-scientific-enterprise-too-risk-averse.html#comments">Plus 3 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/2026/05/weapons-wealth-and-the-fates-of-societies.html?utm_source=rss&utm_medium=rss&utm_campaign=weapons-wealth-and-the-fates-of-societies">Weapons, Wealth, and the Fates of Societies</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/meta-papers-in-science-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=meta-papers-in-science-from-my-email">Meta-papers in science (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/ideas-behind-their-time-2.html?utm_source=rss&utm_medium=rss&utm_campaign=ideas-behind-their-time-2">Ideas Behind Their Time: Part Two</a></li></ul>&#160;</div>]]>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sun, 17 May 2026 04:01:17 +0000</pubDate>
				<category><![CDATA[Data Source]]></category>
		<category><![CDATA[Economics]]></category>
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					<description><![CDATA[<p>When I was young, the South Korean model was generally lumped in with places like Taiwan, Singapore and Hong Kong as a case of “export-led growth”. Even in the early 1970s, South Korea was still poorer than the North. There was no consensus that East Asia would do better than Latin America (or indeed that [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html">South Korea facts of the day</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/2026/05/south-korea-facts-of-the-day.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044910">In reply to Hazel Meade.   Correct. There were many hints ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044899">In reply to dearieme.   Is Iran really about to get nukes or is ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044860">“Even in the early 1970s, South Korea was still poorer than ...</a> <i>by Sam Skiffle</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044850">In reply to Bill Allen.   Also Bill, I think speaking to your ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044837">In reply to Vivian Darkbloom.   Yes on a percentage basis, but ...</a> <i>by Anonymous</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.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/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=what-else-is-special-about-southeastern-michigan-from-my-email">What else is special about southeastern Michigan? (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html?utm_source=rss&utm_medium=rss&utm_campaign=hayek-in-jacobin">Hayek in Jacobin</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<blockquote><p>When I was young, the South Korean model was generally lumped in with places like Taiwan, Singapore and Hong Kong as a case of “export-led growth”. Even in the early 1970s, South Korea was still poorer than the North. There was no consensus that East Asia would do better than Latin America (or indeed that America would do better than the <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.econlib.org/archives/2009/12/why_were_americ.html">Soviet Union</a>.)</p>
<p>I hate the term “export-led growth”, as on its face it would seem to imply that South Korea got rich by running trade surpluses. <em>But exactly the opposite is true.</em> During the three and a half decades of near double-digit growth (roughly 1963-97), Korea ran almost nonstop trade deficits, apart from a few years in the 1980s. This graph is from an excellent <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.piie.com/publications/working-papers/2021/hermit-kingdom-miracle-han?utm_source=substack&amp;utm_medium=email">Doug Irwin paper</a> that discusses the Korean reforms of 1964-65&#8230;</p>
<p><img decoding="async" class="alignnone size-medium wp-image-93017" src="https://marginalrevolution.com/wp-content/uploads/2026/05/korea-300x139.webp" alt="" width="300" height="139" srcset="https://marginalrevolution.com/wp-content/uploads/2026/05/korea-300x139.webp 300w, https://marginalrevolution.com/wp-content/uploads/2026/05/korea-1024x473.webp 1024w, https://marginalrevolution.com/wp-content/uploads/2026/05/korea-768x355.webp 768w, https://marginalrevolution.com/wp-content/uploads/2026/05/korea.webp 1456w" sizes="(max-width: 300px) 100vw, 300px" /></p></blockquote>
<p>Here is <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://scottsumner.substack.com/p/the-great-forgetting?utm_source=post-email-title&amp;publication_id=2934833&amp;post_id=197283602&amp;utm_campaign=email-post-title&amp;isFreemail=false&amp;r=3o9&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener">more from Scott Sumner</a>.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html">South Korea facts of the day</a> appeared first on <a href="https://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/2026/05/south-korea-facts-of-the-day.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044910">In reply to Hazel Meade.   Correct. There were many hints ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044899">In reply to dearieme.   Is Iran really about to get nukes or is ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044860">“Even in the early 1970s, South Korea was still poorer than ...</a> <i>by Sam Skiffle</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044850">In reply to Bill Allen.   Also Bill, I think speaking to your ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html#comment-161044837">In reply to Vivian Darkbloom.   Yes on a percentage basis, but ...</a> <i>by Anonymous</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.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/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=what-else-is-special-about-southeastern-michigan-from-my-email">What else is special about southeastern Michigan? (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html?utm_source=rss&utm_medium=rss&utm_campaign=hayek-in-jacobin">Hayek in Jacobin</a></li></ul>&#160;</div>]]>
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		<title>Revealing Life Preferences Through LLMs</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 16 May 2026 18:57:22 +0000</pubDate>
				<category><![CDATA[Data Source]]></category>
		<category><![CDATA[Philosophy]]></category>
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					<description><![CDATA[<p>Here is some Weberian verstehen (or is it?), but from unexpected quarters: Large Language Models (LLMs) are trained on a prodigious corpus of human writing and may reveal human preferences over characteristics of life courses, such as income, longevity, and working conditions. We present OpenAI&#8217;s GPT-5.4 and a broadly representative sample of Americans with pairs [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html">Revealing Life Preferences Through LLMs</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/2026/05/revealing-life-preferences-through-llms.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044821">In reply to dearieme.   Great point.   I’d even venture that ...</a> <i>by dmcharette</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044755">In reply to Hoover.   I put the post up. M Raige write what I ...</a> <i>by Mike Randolph</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044727">'Revealing Life Preferences Through LLMs'.   But can it predict ...</a> <i>by Mike Hunter</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044718">In reply to Observer.   Perhaps because it's largely the fruit ...</a> <i>by Hoover</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044710">In reply to M Raige.   Don’t know why this got any downvotes. ...</a> <i>by Observer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comments">Plus 7 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/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/the-impact-of-ai-generated-text-on-the-internet.html?utm_source=rss&utm_medium=rss&utm_campaign=the-impact-of-ai-generated-text-on-the-internet">The Impact of AI-Generated Text on the Internet</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/data-centers-are-good.html?utm_source=rss&utm_medium=rss&utm_campaign=data-centers-are-good">Data centers are good</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>Here is some Weberian verstehen (or is it?), but from unexpected quarters:</p>
<blockquote><p>Large Language Models (LLMs) are trained on a prodigious corpus of human writing and may reveal human preferences over characteristics of life courses, such as income, longevity, and working conditions. We present OpenAI&#8217;s GPT-5.4 and a broadly representative sample of Americans with pairs of life stories and ask them to choose the life they would prefer for themselves. A person&#8217;s choice is better predicted by the LLM&#8217;s choice than by another person’s choice over the same stories, and LLM valuations of several life attributes are similar to those derived from human responses. Our results suggest that LLM responses offer a scalable and cost-effective complement to existing methods for studying human preferences.</p></blockquote>
<p>That is from <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/papers/w35185#fromrss" target="_blank" rel="noopener">a new NBER working paper</a> by <span class="page-header__author-item"> <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/people/omar_abdel_haq">Omar Abdel Haq</a>, </span> <span class="page-header__author-item"> <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/people/amitabh_chandra">Amitabh Chandra</a>, </span> <span class="page-header__author-item"> <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/people/tomas_jagelka">Tomáš Jagelka</a>, </span> <span class="page-header__author-item"> <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/people/erzo_luttmer">Erzo F.P. Luttmer</a> </span> <span class="page-header__author-item"> &amp; <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nber.org/people/joshua_schwartzstein">Joshua Schwartzstein</a>.</span></p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html">Revealing Life Preferences Through LLMs</a> appeared first on <a href="https://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/2026/05/revealing-life-preferences-through-llms.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044821">In reply to dearieme.   Great point.   I’d even venture that ...</a> <i>by dmcharette</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044755">In reply to Hoover.   I put the post up. M Raige write what I ...</a> <i>by Mike Randolph</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044727">'Revealing Life Preferences Through LLMs'.   But can it predict ...</a> <i>by Mike Hunter</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044718">In reply to Observer.   Perhaps because it's largely the fruit ...</a> <i>by Hoover</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comment-161044710">In reply to M Raige.   Don’t know why this got any downvotes. ...</a> <i>by Observer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/revealing-life-preferences-through-llms.html#comments">Plus 7 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/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/the-impact-of-ai-generated-text-on-the-internet.html?utm_source=rss&utm_medium=rss&utm_campaign=the-impact-of-ai-generated-text-on-the-internet">The Impact of AI-Generated Text on the Internet</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/data-centers-are-good.html?utm_source=rss&utm_medium=rss&utm_campaign=data-centers-are-good">Data centers are good</a></li></ul>&#160;</div>]]>
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		<title>Saturday assorted links</title>
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					<comments>https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comments</comments>
		
		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 16 May 2026 16:38:13 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=93012</guid>
					<description><![CDATA[<p>1. Can opportunities for tax evasion increase tax revenue? 2. Auren Hoffman on the new jobs market. 3. Using AI agents for economic precommitment. 4. The progress against pancreatic cancer. 5. Christian philosophies of technology.  The full (new) Substack is here. 6. Economic graduate program enrollments are falling.</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html">Saturday 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/_/28/956264837/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/_/29/956264837/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/_/24/956264837/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/_/19/956264837/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/_/20/956264837/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/2026/05/saturday-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/2026/05/saturday-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/2026/05/saturday-assorted-links-561.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044931">In reply to Mark Bahner.   New methods of screening.</a> <i>by Frank D</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044822">#2. This article anecdotal and hypothetical. No   Reason to ...</a> <i>by Panderer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044746">In reply to SlopDetector.   It's basically “people who always ...</a> <i>by Affe</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044745">But the tax evasion paper was about _income_ taxes. What would ...</a> <i>by Thomas L Hutcheson</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044738">“4. The progress against pancreatic cancer.”   Interesting ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://academic.oup.com/ej/advance-article-abstract/doi/10.1093/ej/ueag054/8667139" target="_blank" rel="noopener">Can opportunities for tax evasion increase tax revenue?</a></p>
<p>2. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://auren.substack.com/p/if-you-cant-get-a-job-today-its-your" target="_blank" rel="noopener">Auren Hoffman on the new jobs market</a>.</p>
<p>3. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/BenSManning/status/2055006402230255695" target="_blank" rel="noopener">Using AI agents for economic precommitment</a>.</p>
<p>4. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.worksinprogress.news/p/pancreatic-cancer-just-met-its-match?utm_source=cross-post&amp;publication_id=90387&amp;post_id=197198674&amp;utm_campaign=1553777&amp;isFreemail=true&amp;r=3o9&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener">The progress against pancreatic cancer</a>.</p>
<p>5.<a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://hommepresse.substack.com/p/prometheus-and-christ" target="_blank" rel="noopener"> Christian philosophies of technology</a>.  The full (new) Substack is <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://hommepresse.substack.com/" target="_blank" rel="noopener">here</a>.</p>
<p>6. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/Bellmanequation/status/2054968718556373176" target="_blank" rel="noopener">Economic graduate program enrollments are falling</a>.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html">Saturday assorted links</a> appeared first on <a href="https://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/2026/05/saturday-assorted-links-561.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044931">In reply to Mark Bahner.   New methods of screening.</a> <i>by Frank D</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044822">#2. This article anecdotal and hypothetical. No   Reason to ...</a> <i>by Panderer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044746">In reply to SlopDetector.   It's basically “people who always ...</a> <i>by Affe</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044745">But the tax evasion paper was about _income_ taxes. What would ...</a> <i>by Thomas L Hutcheson</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comment-161044738">“4. The progress against pancreatic cancer.”   Interesting ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/saturday-assorted-links-561.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
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		<title>Ned Phelps, RIP</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 16 May 2026 12:10:51 +0000</pubDate>
				<category><![CDATA[Economics]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=93021</guid>
					<description><![CDATA[<p>Here is a brief appreciation from Olivier Blanchard, link now corrected.</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/ned-phelps-rip.html">Ned Phelps, RIP</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/2026/05/ned-phelps-rip.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/ned-phelps-rip.html#comment-161044678">In reply to 1)(1 p.   A website gets the comment section it ...</a> <i>by MLC</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/ned-phelps-rip.html#comment-161044596">Phelps was a man of his time, the post-WWII era during which ...</a> <i>by rayward</i></ul></div><h3 style="clear:left;padding-top:10px">Related Stories</h3><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=what-else-is-special-about-southeastern-michigan-from-my-email">What else is special about southeastern Michigan? (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>Here is <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/ojblanchard1/status/2055623820883447989" target="_blank" rel="noopener">a brief appreciation from Olivier Blanchard</a>, link now corrected.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/ned-phelps-rip.html">Ned Phelps, RIP</a> appeared first on <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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		<title>Hayek in Jacobin</title>
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		<dc:creator><![CDATA[Alex Tabarrok]]></dc:creator>
		<pubDate>Sat, 16 May 2026 11:18:54 +0000</pubDate>
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					<description><![CDATA[<p>Here&#8217;s something I never expected to write: Jacobin, the magazine of the DSA-aligned left, has a good article on central planning. In an interview, Vivek Chibber lays out essentially the Mises–Hayek–Kornai critique of central planning. Information problems, incentive problems and the consequent failures are laid bare. Moreover, Chibber refuses to lay the blame at the [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html">Hayek in Jacobin</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/2026/05/hayek-in-jacobin.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html#comment-161044934">In reply to Ian Gilmore.   “the interaction of millions of ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html#comment-161044909">This comment floors me:   “If we’re actually serious about ...</a> <i>by Felix</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html#comment-161044907">The problem of “ownership”?</a> <i>by Mort Main</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html#comment-161044729">In reply to Flintstonian.   Low wages are overrated. India has ...</a> <i>by Rahul</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.html#comment-161044725">In reply to Anti-Gnostic. ...</a> <i>by rsm</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/hayek-in-jacobin.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/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=what-else-is-special-about-southeastern-michigan-from-my-email">What else is special about southeastern Michigan? (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/dwarkesh-in-the-datacenter.html?utm_source=rss&utm_medium=rss&utm_campaign=dwarkesh-in-the-datacenter">Dwarkesh in the Datacenter</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>Here&#8217;s something I never expected to write: Jacobin, the magazine of the DSA-aligned left, has a <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://jacobin.com/2026/05/central-planning-soviet-union-socialism">good article on central planning</a>. In an interview, Vivek Chibber lays out essentially the Mises–Hayek–Kornai critique of central planning. Information problems, incentive problems and the consequent failures are laid bare. Moreover, Chibber refuses to lay the blame at the feet of Stalin, poverty, or the Russians. Nor does he wave hopefully at supercomputers and AI, as is fashionable today on the planning-curious left:</p>
<blockquote><p>The dilemma is this. There is a problem of information. Supercomputers will in fact help process information better. But if the information coming in is junk, and if that junk is built into the system because of the incentives that operators have in workplaces to lie, you will not have a planning system that can be put on its feet through the advent of computers or artificial intelligence or anything like that. I don’t see any reason to think that that strategic misalignment of incentives is simply there because of Russian backwardness or poverty.</p></blockquote>
<p>Even the pedestrian is shocking coming from Jacobin:</p>
<blockquote><p>Normally in capitalism, what do managers do? They want to make profits. The way to make a profit is by trying to sell, at the lowest price possible, the best-quality good that you can.</p></blockquote>
<p>A vivid conclusion:</p>
<blockquote><p>Melissa Naschek: What do you think leftists should learn from the failure of fully planned economies?</p>
<p><span style="font-size: 1rem;">Vivek Chibber: What they should learn is that the burden of proof is on us, on the Left, if we want to continue with this slogan of replacing the market with the plan. The burden of proof is on us to show that it can work. You might say that along with this ought to come a kind of humility about facts and about the world.</span><span style="font-size: 1rem;">&#8230;it would be criminally negligent to ignore the experience of decades upon decades of planning and say to yourself, “Well, that wasn’t what my vision of socialism is, so I’m going to ignore it.” </span><span style="font-size: 1rem;">Because if you do that, I can guarantee 100 percent you will end up repeating many of the mistakes and falling into the same dilemmas that the planners did.</span></p></blockquote>
<p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">I could offer critiques. Stalin was not an impediment to central planning but a consequence of it. And to warn that ignoring the experience of central planning risks repeating &#8220;the same dilemmas that the planners did&#8221; is a bloodless way to describe dictatorship, famine, and mass murder. But that would be churlish. Let me end instead by saying that I agree with this:</p>
<blockquote class="ml-2 border-l-4 border-border-300/10 pl-4 text-text-300">
<p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">If we&#8217;re actually serious about changing the world, people on the Left &#8230; should be the most remorseless and the most merciless when it comes to facts.</p>
</blockquote>
<p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">Replace &#8220;people on the Left&#8221; with &#8220;we&#8221; and the line is exactly right.</p>
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		<title>Detroit notes</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 16 May 2026 07:54:07 +0000</pubDate>
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					<description><![CDATA[<p>It remains one of America&#8217;s most interesting cities, and now it is seeing a continuing comeback.  Downtown remains mostly empty of foot traffic, but I was stunned to see new office buildings and signs of budding prosperity.  It did not feel abandoned or hopeless. Detroit Institute of Art is one of America&#8217;s best art museums, [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html">Detroit notes</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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</description>
										<content:encoded><![CDATA[<p>It remains one of America&#8217;s most interesting cities, and now it is seeing <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/aaron_renn/status/2054932350031556621?s=46&amp;t=JoGB3DITqFZIf9-BRSvAhA" target="_blank" rel="noopener">a continuing comeback</a>.  Downtown remains mostly empty of foot traffic, but I was stunned to see new office buildings and signs of budding prosperity.  It did not feel abandoned or hopeless.</p>
<p>Detroit Institute of Art is one of America&#8217;s best art museums, showing impeccable taste, though it is notable how much the picture donations simply disappear after some point in time.  This is a temple for those are skeptical about modern art, as you will not find it reprensented much here.  The<a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://dia.org/collection/cotopaxi/37907" target="_blank" rel="noopener"> American art</a>, <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://dia.org/collection/visitation/58220" target="_blank" rel="noopener">the Rembrandt Visitation</a>, <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://dia.org/collection/holy-family/57648" target="_blank" rel="noopener">the Poussin Holy Family</a>, the <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://en.wikipedia.org/wiki/The_Wedding_Dance" target="_blank" rel="noopener">Breughel</a>, and the huge Diego Rivera murals are all to die for.  The average quality of painting is high as well.</p>
<p><a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://baobabfare.com/" target="_blank" rel="noopener">Baobab Fare</a>, not too far from the museum, is a good Burundian (!) restaurant in town.</p>
<p>I was lucky enough to visit the General Motors research and development complex in Cranbrook, mostly designed by Eero Saarinen, due to the ingenuity of Dan Wang (it is mostly not open to the public).  Around 20,000 people work there, and it remains a temple of modernist architecture, perhaps anachronistic in effect but beautiful nonetheless.  I had not realized how strong the colors were, as that does not come through in the photos.</p>
<p>The Saarinen (papa Saarinen!) house in the Cranbrook Art Museum is perhaps the best Art Deco design I have seen.  The museum itself has excellent architecture, sculptures, and gardens, rather than being much of an art museum proper.</p>
<p>Here are <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nytimes.com/2017/10/06/travel/eero-saarinen-michigan-architecture-modernist-design.html" target="_blank" rel="noopener">good NYT photos of that part of the joy ride</a>.</p>
<p>Overall a trip to the Detroit area is one of the very best American visits you can do, highly recommended, automobile required of course that is why they call it the Motor City.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html">Detroit notes</a> appeared first on <a href="https://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/2026/05/detroit-notes.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html#comment-161044939">TC got a number of things wrong about Cranbrook. Well, first ...</a> <i>by Neurotic</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html#comment-161044731">In reply to Bill Allen.   Likewise, I went to a conference in ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html#comment-161044714">In reply to Glenn Mercer.   Good points.</a> <i>by Steve Sailer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html#comment-161044707">In reply to mkt42.   P.S. We see this in smaller cities too. ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.html#comment-161044705">In reply to Glenn Mercer.   I've barely seen Detroit but I have ...</a> <i>by mkt42</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/detroit-notes.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/2026/05/the-uap-report-so-far.html?utm_source=rss&utm_medium=rss&utm_campaign=the-uap-report-so-far">The UAP report so far</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/the-ufo-files.html?utm_source=rss&utm_medium=rss&utm_campaign=the-ufo-files">The UFO files</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-makes-art-great.html?utm_source=rss&utm_medium=rss&utm_campaign=what-makes-art-great">What makes art great?</a></li></ul>&#160;</div>]]>
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		<title>Weapons, Wealth, and the Fates of Societies</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Sat, 16 May 2026 04:30:34 +0000</pubDate>
				<category><![CDATA[History]]></category>
		<category><![CDATA[Law]]></category>
		<category><![CDATA[Political Science]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=93011</guid>
					<description><![CDATA[<p>Why do weapons sustain durable peace in some societies but provoke perpetual violence in others? We develop a theory in which the value of human life and the frequency of violence are jointly determined by weapons technology and economic conditions. Lethal weapons deter conflict but raise mortality, taxing the future returns to investing in one&#8217;s [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html">Weapons, Wealth, and the Fates of Societies</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/2026/05/weapons-wealth-and-the-fates-of-societies.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044777">In reply to dearieme.   History about the interactions of the ...</a> <i>by chuck</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044775">I'm still working through the whole thing, I'm mostly ...</a> <i>by chuck</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044708">In reply to Arthur.   In Slavic cultures? Russia specifically?</a> <i>by Lizard Man</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044706">In reply to Ethan.   One of the great westerns. I read the book ...</a> <i>by Engineer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044687">In reply to Naveen_K.   Libertarians don't understand normal ...</a> <i>by Alan</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.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/2026/05/public-choice-outreach-4.html?utm_source=rss&utm_medium=rss&utm_campaign=public-choice-outreach-4">Public Choice Outreach!</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=what-else-is-special-about-southeastern-michigan-from-my-email">What else is special about southeastern Michigan? (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts of the day</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<blockquote><p>Why do weapons sustain durable peace in some societies but provoke perpetual violence in others? We develop a theory in which the value of human life and the frequency of violence are jointly determined by weapons technology and economic conditions. Lethal weapons deter conflict but raise mortality, taxing the future returns to investing in one&#8217;s livelihood. When those returns are high, deterrence dominates and peace and investment reinforce each other. When those returns are low, the mortality tax dominates, agents divest from the future, the value of life falls, and violence deepens, a trap that deadlier weapons worsen. Whether weapons pacify or destabilize depends on the interaction between their offensive characteristics and the baseline prosperity of the society they enter. The theory illuminates four historical episodes: how Medieval Iceland (930&#8211;1262) sustained stateless order without a sovereign; why Tokugawa Japan (1603&#8211;1868) contained firearms within an institutional order that sustained two centuries of peace and growth; why firearms traded into West Africa and among Native American nations (17th&#8211;18th century) produced escalating violence and persistent underdevelopment rather than deterrence; and why the Comanche of the southern plains (c.~1750&#8211;1850) rose to regional dominance on horse and gun complementarities and then collapsed as sustained raiding into northern Mexico hollowed out the prosperity base on which their own order depended. The model also refines the logic of nuclear deterrence and generates testable predictions about urban gun violence in high-poverty neighborhoods.</p></blockquote>
<p>That is from <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6482759" target="_blank" rel="noopener">a new paper</a> by Samuel Lee, Ilari Passivirta, and Alexander Zentefis, via the excellent <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nationalaffairs.com/blog/detail/findings-a-daily-roundup/detailing-the-regime" target="_blank" rel="noopener">Kevin Lewis</a>.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html">Weapons, Wealth, and the Fates of Societies</a> appeared first on <a href="https://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/2026/05/weapons-wealth-and-the-fates-of-societies.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044777">In reply to dearieme.   History about the interactions of the ...</a> <i>by chuck</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044775">I'm still working through the whole thing, I'm mostly ...</a> <i>by chuck</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044708">In reply to Arthur.   In Slavic cultures? Russia specifically?</a> <i>by Lizard Man</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044706">In reply to Ethan.   One of the great westerns. I read the book ...</a> <i>by Engineer</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.html#comment-161044687">In reply to Naveen_K.   Libertarians don't understand normal ...</a> <i>by Alan</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/weapons-wealth-and-the-fates-of-societies.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/2026/05/public-choice-outreach-4.html?utm_source=rss&utm_medium=rss&utm_campaign=public-choice-outreach-4">Public Choice Outreach!</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-else-is-special-about-southeastern-michigan-from-my-email.html?utm_source=rss&utm_medium=rss&utm_campaign=what-else-is-special-about-southeastern-michigan-from-my-email">What else is special about southeastern Michigan? (from my email)</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/south-korea-facts-of-the-day.html?utm_source=rss&utm_medium=rss&utm_campaign=south-korea-facts-of-the-day">South Korea facts 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, 15 May 2026 18:53:57 +0000</pubDate>
				<category><![CDATA[Books]]></category>
		<guid isPermaLink="false">https://marginalrevolution.com/?p=92999</guid>
					<description><![CDATA[<p>1. Mikhail Fishman, The Successor: Boris Nemtsov, Vladimir Putin, and the Decline of Modern Russia.  One of the best books to read on how Russia moved from &#8220;had some democratic elements in place&#8221; to autocracy, on a step-by-step basis.  The story is told using the career of Boris Nemtsov, who was assassinated in 2014, as [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.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/2026/05/what-ive-been-reading-288.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044609">In reply to Jing.   I think the Woods translation is fantastic. ...</a> <i>by Historian 68</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044553">Russia has a demographic problem, particularly with its Slavs. ...</a> <i>by dearieme</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044520">In reply to The Scary Black Hundreder.   Not sure that anyone ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044481">In reply to The Scary Black Hundreder.   If Ukrainian moral ...</a> <i>by Seong of Baekje</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044478">In reply to anonymous.   Because I know both countries well and ...</a> <i>by The Scary Black Hundreder</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.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/2026/05/christopher-nolan-straussian.html?utm_source=rss&utm_medium=rss&utm_campaign=christopher-nolan-straussian">Christopher Nolan, Straussian?</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/my-excellent-conversation-with-bob-spitz.html?utm_source=rss&utm_medium=rss&utm_campaign=my-excellent-conversation-with-bob-spitz">My excellent Conversation with Bob Spitz</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-287.html?utm_source=rss&utm_medium=rss&utm_campaign=what-ive-been-reading-287">What I&#8217;ve been reading</a></li></ul>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. Mikhail Fishman, <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Successor-Nemtsov-Vladimir-Decline-Modern/dp/1782277250/ref=sr_1_1?crid=3RYICE16ER4DE&amp;dib=eyJ2IjoiMSJ9.CL-T9vNTzIvQhwuwUHesiA.RlNWrycDYde8n0KWxrK2tBAXSKB5a_sSdkhBrgHhRwA&amp;dib_tag=se&amp;keywords=The+Successor%3A+Boris+Nemtsov%2C+Vladimir+Putin%2C+and+the+Decline+of+Modern+Russia&amp;nsdOptOutParam=true&amp;qid=1778814809&amp;sprefix=the+successor+boris+nemtsov%2C+vladimir+putin%2C+and+the+decline+of+modern+russia%2Caps%2C359&amp;sr=8-1" target="_blank" rel="noopener">The Successor: Boris Nemtsov, Vladimir Putin, and the Decline of Modern Russia</a>.  One of the best books to read on how Russia moved from &#8220;had some democratic elements in place&#8221; to autocracy, on a step-by-step basis.  The story is told using the career of Boris Nemtsov, who was assassinated in 2014, as a lens.  The author has biases of his own, but they do not detract from what is valuable here.</p>
<p>2. Siri Hustvedt. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Ghost-Stories-Memoir-Siri-Hustvedt/dp/1668218941/ref=sr_1_1?crid=3LFY3OYCTVQ2K&amp;dib=eyJ2IjoiMSJ9.qedeWcNeWGkpdjs249dylRT83KRJOuzM29EHJ5xwsytdSGl8H-El56pJvxYYUuhP6mqLSHkJV1Iyb0fUNMBeBtOgIhrB7xxHaL_qDB7NpiCsqfPvcBPjvB0EmzynghYPkYWxyoVV2GtY72kIqBjxdDl1a4VDWZrpAaiuIaJrlGsf3E0rJOf1aUVZrCTxJQXQskPfx40EEwk0Be7AqsWFlXY1DJCMkH33RvrvFGb9vVc.vfpP4rx8_Y27AIX39B37TfuEdyaWuXfYdml6YRDDbH0&amp;dib_tag=se&amp;keywords=Ghost+Stories%3A+A+Memoir&amp;qid=1778814850&amp;sprefix=ghost+stories+a+memoir%2Caps%2C479&amp;sr=8-1" target="_blank" rel="noopener">Ghost Stories: A Memoir</a>.  About her history with her now-deceased husband Paul Auster, and how she dealt with his death.  Moving and insightful, recommended.</p>
<p>3. Thomas Mann, <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.amazon.com/Doctor-Faustus-Oxford-Worlds-Classics/dp/0198867727/ref=sr_1_2?crid=2SG3YRFQ339SE&amp;dib=eyJ2IjoiMSJ9.8iHz5un1jV6gPubdiqjuxlZZwGgDLZ3MxLlqRdILvhB0UYDsiNH5Ll3Biumnk5SMPqKRyRwfBB_LcKBWREwzvAN0bGW3oRb5fxuL5EFuDg7xwo1T25NkMBATT82fns2LWFli2CQC6s81dahyyIlCiGlfzR028wKN9ZVe091nLISWxc5e_xyg65DyzkD2XEdrpO7Ymxx1plEKo0SAXScit2noA4Hw9EP0OuzJa6-ChyP332KC8uPCysEdqXD7Om5vzIJgb6SANkq1CmW2B4_OEFYV0Pjehrx2pq_SlV_H1xQ.oDZK2VIuKchQRTqBeNZz0ESfUk9bY0yQnqjhP3pJqBw&amp;dib_tag=se&amp;keywords=Doctor+Faustus&amp;qid=1778814882&amp;sprefix=doctor+faustus%2Caps%2C212&amp;sr=8-2" target="_blank" rel="noopener">Doctor Faustus</a>, a new translation by Ritchie Robertson.  An imperfect, problematic work, too caught up with its own Germanness, and lacking dramatic tension.  Still, an important work and this new translation is much better than the old one.</p>
<p>Elsewhere, here is <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/beeple/status/2055135873453195733" target="_blank" rel="noopener">Beeple on AI and Monet</a>, for the terminally online only.</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html">What I&#8217;ve been reading</a> appeared first on <a href="https://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/2026/05/what-ive-been-reading-288.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044609">In reply to Jing.   I think the Woods translation is fantastic. ...</a> <i>by Historian 68</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044553">Russia has a demographic problem, particularly with its Slavs. ...</a> <i>by dearieme</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044520">In reply to The Scary Black Hundreder.   Not sure that anyone ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044481">In reply to The Scary Black Hundreder.   If Ukrainian moral ...</a> <i>by Seong of Baekje</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.html#comment-161044478">In reply to anonymous.   Because I know both countries well and ...</a> <i>by The Scary Black Hundreder</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-288.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/2026/05/christopher-nolan-straussian.html?utm_source=rss&utm_medium=rss&utm_campaign=christopher-nolan-straussian">Christopher Nolan, Straussian?</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/my-excellent-conversation-with-bob-spitz.html?utm_source=rss&utm_medium=rss&utm_campaign=my-excellent-conversation-with-bob-spitz">My excellent Conversation with Bob Spitz</a></li><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/what-ive-been-reading-287.html?utm_source=rss&utm_medium=rss&utm_campaign=what-ive-been-reading-287">What I&#8217;ve been reading</a></li></ul>&#160;</div>]]>
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		<title>Friday assorted links</title>
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		<dc:creator><![CDATA[Tyler Cowen]]></dc:creator>
		<pubDate>Fri, 15 May 2026 15:58:23 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
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					<description><![CDATA[<p>1. Chinese modular innovation. 2. &#8220;Are you an emerging scholar passionate about scientific discovery and innovation, and interested in joining a community of classical liberal scholars for a year? We’d love to hear from you. Apply below&#8230;&#8221;  New Mercatus program. 3. State media control influences large language models. 4. The best intellectual biographies of the [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html">Friday 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/_/28/956104997/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/_/29/956104997/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/_/24/956104997/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/_/19/956104997/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/_/20/956104997/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/2026/05/friday-assorted-links-572.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/2026/05/friday-assorted-links-572.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/2026/05/friday-assorted-links-572.html#comments"><h3>Comments</h3></a><ul><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html#comment-161044716">In reply to Claudius Maximus.   By Claude, for Claude, of ...</a> <i>by Zardoz</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html#comment-161044536">In reply to Cove77.   Couché.</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html#comment-161044517">In reply to TMC.   New ideas are important for the world. But ...</a> <i>by M</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html#comment-161044513">In reply to in NYC...   Yep. Sat is when the Rubes come to ...</a> <i>by Tim Worstall</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html#comment-161044484">#4 could someone please post the list of biographies I have no ...</a> <i>by Mason masters</i><li><a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html#comments">Plus 10 more...</a></li></ul></div>&#160;</div>]]>
</description>
										<content:encoded><![CDATA[<p>1. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6755340" target="_blank" rel="noopener">Chinese modular innovation</a>.</p>
<p>2. &#8220;Are you an emerging scholar passionate about scientific discovery and innovation, and interested in joining a community of classical liberal scholars for a year? We’d love to hear from you. Apply below&#8230;&#8221;  <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/benklutsey/status/2054633097337991183?s=61" target="_blank" rel="noopener">New Mercatus program</a>.</p>
<p>3. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.nature.com/articles/s41586-026-10506-7" target="_blank" rel="noopener">State media control influences large language models</a>.</p>
<p>4. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://x.com/daniel_dsj2110/status/2054562071031795882" target="_blank" rel="noopener">The best intellectual biographies of the last twenty-five years</a>.  An excellent thread, though it will induce you to spend some money.</p>
<p>5. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.adams.ie/3162-lot-11-Jack-Butler-Yeats-RHA-1871-1957-The-Dancer-Rosses-Point-Sligo-1921?excl_keyword=&amp;high_estimate=180000&amp;ipp=12&amp;keyword=yeats&amp;low_estimate=8000&amp;page_no=1&amp;sort_by=" target="_blank" rel="noopener">An undervalued Jack Butler Yeats</a>.  Up for auction, I have seen many worse paintings priced in seven figures.  Elsewhere, here are <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.theartnewspaper.com/2026/05/12/a-joan-mitchell-diptych-and-a-rare-stack-by-donald-judd-our-pick-of-the-may-auctions?utm_source=The+Art+Newspaper+Newsletters&amp;utm_campaign=0fbc87b13a-EMAIL_CAMPAIGN_2026_04_06_05_17_COPY_01&amp;utm_medium=email&amp;utm_term=0_-a3233e984b-62240358&amp;mc_cid=0fbc87b13a&amp;mc_eid=06dcb104c6" target="_blank" rel="noopener">some major works up for auction</a>.</p>
<p>6. <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://www.wsj.com/personal-finance/tips-trends-culture-weekends-6df0d824" target="_blank" rel="noopener">Patrons seem to tip less on the weekend?</a> (WSJ)</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/friday-assorted-links-572.html">Friday assorted links</a> appeared first on <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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		<title>Philosophical Ideas Behind Their Time</title>
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		<dc:creator><![CDATA[Alex Tabarrok]]></dc:creator>
		<pubDate>Fri, 15 May 2026 11:18:21 +0000</pubDate>
				<category><![CDATA[History]]></category>
		<category><![CDATA[Philosophy]]></category>
		<category><![CDATA[Religion]]></category>
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					<description><![CDATA[<p>Justin Weinberg at Daily Nous riffs off my post, Ideas Behind Their Time, to ask for philosophical examples. He nominates Gettier problems&#8211;i.e. counterexamples to the idea that knowledge is simply “justified true belief&#8221; as a possibility. The classic Gettier paper is from 1963. Wikipedia notes that the Indian philosopher Dharmottara has some clear examples c770 [&#8230;]</p>
<p>The post <a rel="NOFOLLOW" href="https://marginalrevolution.com/marginalrevolution/2026/05/philosophical-ideas-behind-their-time.html">Philosophical Ideas Behind Their Time</a> appeared first on <a rel="NOFOLLOW" href="https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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</description>
										<content:encoded><![CDATA[<p>Justin Weinberg at Daily Nous riffs off my post, <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/ideas-behind-their-time-2.html">Ideas Behind Their Time</a>, to ask for <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://dailynous.com/2026/05/14/philosophical-ideas-behind-their-time/">philosophical examples</a>. He nominates <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://en.wikipedia.org/wiki/Gettier_problem">Gettier problems</a>&#8211;i.e. counterexamples to the idea that knowledge is simply “justified true belief&#8221; as a possibility. The classic Gettier paper is from 1963. Wikipedia notes that the Indian philosopher <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://en.wikipedia.org/wiki/Gettier_problem">Dharmottara</a> has some clear examples c770 AD but as an element within the Western tradition the idea does seem behind its time.</p>
<p>I would nominate the following as philosophical ideas behind their time:</p>
<ul>
<li><strong>Hume&#8217;s is/ought distinction: </strong>the idea that you cannot derive a normative conclusion from factual premises.</li>
<li><strong>Hume&#8217;s problem of induction: </strong>past regularities do not rationally guarantee future regularities.</li>
<li><strong>Rawls&#8217;s Veil of Ignorance:</strong> the principles of justice should be derived without knowing one’s own particularities of class, race, gender and so forth. Seems obvious as an idea.</li>
<li><strong>The Trolley Problem:</strong> similar ideas can be found earlier but the clean distinction between killing and let die or more generally omission and commission could have come much earlier. One might also think of the <strong>Prisoner&#8217;s Dilemma</strong> in this category of ideas or constructs that cleanly isolate an otherwise present but opaque idea.</li>
<li><strong>The analytic/synthetic truths distinction: </strong>some things are true by definition, others are empirical. Obvious and it can be found before say Kant, yet a clear earlier statement would have resolved many issues and seems well within say Aristotle&#8217;s capability.</li>
<li><span dir="ltr" lang="en"><span class="mw-page-title-main"><strong>Aumann&#8217;s Agreement Theorem</strong>, technically, this requires Bayesian machinery and is difficult to formulate with precision, so I would not say the actual theorem was behind its time. But the underlying idea—that disagreement itself, not merely the arguments offered, should cause one to question and refine one’s own beliefs—could have been developed in Athens.</span></span></li>
<li>I&#8217;d also nominate a package of ideas like <strong>abolitionism, equal rights for women, and religious toleration</strong>&#8211;each of these is tendentious as examples yet the basic package seems fairly obvious as a category and yet late. (Perhaps if the veil of ignorance had been thought of earlier so would these ideas!) Note, that I am not arguing that abolitionism or equal rights for women could have <em>happened</em> much earlier only that these <em>ideas</em> were behind their time&#8211;the ideas were morally obvious even if not institutionally feasible.</li>
</ul>
<p>Note also that I am not arguing that these ideas are all correct, only that they were philosophical ideas behind their time. More examples?</p>
<p>The post <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com/marginalrevolution/2026/05/philosophical-ideas-behind-their-time.html">Philosophical Ideas Behind Their Time</a> appeared first on <a href="https://feeds.feedblitz.com/~/t/0/0/marginalrevolution/~https://marginalrevolution.com">Marginal REVOLUTION</a>.</p>
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