Distributive Efficiency Let's discuss Abba Lerner’s concept of distributive efficiency. It’s an interesting exercise to calculate how much the United States loses -from a utilitarian point of view- from not redistributing. In order to do the calculations I’ve enlisted the help of my good friend Kieran Latty, whose work on this very question is almost … Continue reading The Cost of not Redistributing Money Part 1
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Googling habits suggest we are getting a lot more anxious
All graphs are either ratios of one topic or search against another topic or search, or percentages of the maximum level of interest ever achieved in a month for that topic or search. I’ve applied 12 month smoothing. Edit: As I finished writing this post I became aware that the New York times had done analysis of this … Continue reading Googling habits suggest we are getting a lot more anxious
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