How do we stop this virus?
It's making it almost impossible for younger adults to live in what was once the best cities in the world (london, NYC, SF, Vancouver,Toronto, etc)
What's the best solution here assuming that supply is restrained?
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Economist on "Rich asians buying real estate all over the world with trade surplus money"
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Economist on "Using undergrad textbooks in PhD"
I am in a very low ranked school, and our program is very light on math. No proof, we used Baby Wooldridge as our main metrics book. There were supplementary handouts but baby wooldridge was the main text.
Now if you want to econometrics as a field, that's when you put your big boy pants on, but for us, this is what we use.
The argument is that, when we get to research, if we need to learn a technique or method, we can do independent study or directed reading.
For Micro, we used a textbook that is used in undergrad. I kid you not. I'm too ashamed to say the name of the book.
Thankfully field courses are very different. As we use the same papers and books that most schools do. In my field, two students two years above me got papers published in a good field journal. So, we seem to be doing something right. We have two professors that are well known in the field, so it makes sense.
The funny thing is that some schools ranked similarly mine use proper grad textbooks. I feel inferior. I don't know if there are other schools that do this, probably not.
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Economist on "How to travel during grad school?"
No money saved, is there anything like study abroad? Even more importantly, how can one visit Cuba?
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Economist on "Having bad coauthors is actually worse than writing solo"
True story. I am crying this night...
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Economist on "Potential Scandal: Economists Associated with Shady Company"
As first reported on the poliscirumors board:
The "empowr" website is a multi-level marketing scheme that preys on poor people: http://www.empowr.com/socnet/EmpowrSISU.aspx
It promises riches but makes money by pilfering users paypal and credit card accounts: http://barenakedscam.com/empowr
There are a number of academic economists on empowr's advisory board...
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Economist on "Statistical discrimination"
"all black people have priors"
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Economist on "NYTimes anti-trade article today"
The anti-trade backlash, building for years, has become explosive because the global economy has arrived at a sobering period of reckoning. Years of investment manias and financial machinations that powered the job market have lost potency, exposing longstanding downsides of trade that had previously been masked by illusive prosperity.
This tide of animosity may prove nearly impossible to reverse, given that technological disruption and economic upheaval are now at work in an era of scarcity. Today, many major nations are grappling with weak growth, tight credit and a gnawing sense that a lean future may persist indefinitely.
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Economist on "Official Economics Nobel Prize 2016 Predictions thread"
taking predictions for next year. lets go!
i say romer.
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Economist on "Economists: look at how sociologists have butchered this article"
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Economist on "Guide to Common EJMR Posters for New Users"
Welcome to EJMR! You will quickly notice several common types of posters. To save you the trouble, I thought I would map from what they post to their true identities.
1. The susperstar who mocks publications in journals like RESTAT, JME, or IER. He knows that pubs outside the top 5 hardly make an impact. If he can't make RESTUD, he flushes it down the toilet.
-There is a 97% chance that he is actually a first or second year grad student who has never published anything. In seven years his heart will race as he sees that the Canadian Journal of Economics has reached a decision on his job market paper. After all, it could be the big hit he needs for tenure at Central Michigan.
2. The "alpha" bro who has figured out that chicks love guys who act like assholes. He hates "betas,"' and loves pointing out posters who are beta.
-99% chance he is actually an aspie virgin. Within the next 10 years, he will break down and finally lose his virginity to a hooker. He does act like an asshole around women. But rather than sleep with him, they just put him on their lists of potential rapists to avoid.
3. "Demand side here." He is an accomplished professor who has somehow achieved unilateral control over his department's job search. He is quick to totally disqualify a candidate based on vague signals such as drinking wine during dinner, publishing outside the top 5, using word, or not drinking wine at dinner. Despite his accomplishments, he is somehow always able to respond to questions about the market on EJMR within 10 minutes.
-92% chance that he is a third year grad student who is being ignored by the faculty in his department. Desperately hopes that his superior social skills and mastery of the market's details will make up for his ghastly research agenda and spare him from a job at Southern Alabama. Will end up at Southern Alabama.
4. Chill, fratty industry bro living the dream and soon to making $250K. Figured out that academia is for suckers and gleefully chose to go into the private sector despite his dumb ass advisor's pleas that he could be a star at a top 20 place.
-98% chance that he failed the market. Works to convince himself that 5 years of grad school will eventually pay off despite all signs that his job requires no more than a BA. Would be surprised to learn that his MBA boss is already thinking of firing him and replacing him with a team player who will STFU about "engineineity and other stats crap"' and just give him the god damn correlations that he asked for.
5. The guy who worries about doing anything "prole." He has refined tastes in film, food, and drink.
-93% chance that his modal Friday night involves World of Warcraft and Mountain Dew. May be friends with #2. He tried scotch once but it burned his mouth and now he drinks Mike's Hard Lemonade when his is looking for a wild time
6. The deranged, mentally ill megaposter posting 50 times a day about poop, leftists, libs, and orthodox Jews.
-Actually this guy is exactly who he says he is. Bats**t insane and borderline retarded.
7. The bodybuilder with impressive statistics on his bench, squats, etc..
-95% chance he can't even bench 100 pounds. His total lack of dedication to physical fitness has made home less likely to be a successful bodybuilder and more likely to be a Nobel prize winning labor economist.
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Economist on "Best community college professor"
Name the best one out there
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Economist on "David Graeber's insightful views on labor economics"
Republished by---you guessed it---evonomics.com:
<blockquotes>
If someone had designed a work regime perfectly suited to maintaining the power of finance capital, it’s hard to see how they could have done a better job. Real, productive workers are relentlessly squeezed and exploited. The remainder are divided between a terrorised stratum of the – universally reviled – unemployed and a larger stratum who are basically paid to do nothing, in positions designed to make them identify with the perspectives and sensibilities of the ruling class (managers, administrators, etc) – and particularly its financial avatars – but, at the same time, foster a simmering resentment against anyone whose work has clear and undeniable social value. Clearly, the system was never consciously designed. It emerged from almost a century of trial and error. But it is the only explanation for why, despite our technological capacities, we are not all working 3-4 hour days.
</blockquotes>
http://evonomics.com/why-capitalism-creates-pointless-jobs-david-graeber/
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Economist on "Whatever happened at the Minneapolis Fed?"
I stopped paying attention to the situation sometime after the Kocherlakotacaust and the big shakeup. I know he stepped down. Has the successor reverted any of his changes and re-established close ties with the Minny Fed?
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Economist on "Nicholas Cox"
No, he will never win the Nobel, but the sum of this man's contributions to economics is enormous. I'll bet everyone here, ugrads included, have relied, at some point on, an answer he posted to statalist, or a stata tip, or another doc he wrote. Cheers to real st. nick!
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Economist on "Fining Murder"
People have an easier time rationalizing their decisions when they can do so with a number value, since we are saturated with prices and costs we develop an intuition for money. People don't know what it's like to lose their freedom and be locked in a box for years, but they know what it is like to get fined for a speeding ticket. Would introducing a high fine for murder that affects both assets and income reduce murders? We can determine the fine through socioeconomic class just like we do taxes.
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Economist on "What's the biggest meme research in economics?"
I would say experimental economics or feminist economics.
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Economist on "Even an economist can appreciate this kind of qualitative research"
I'll be front row at her job talk.
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Economist on "What to do when you realize you suck at research"
I'm 4 years out and haven't produced anything.
Time to stop deceiving myself.
What should I do? I don't even like teaching anymore.
Industry scares me but there's no choice.
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Economist on ""Footnote Seven" (with apologies to Robert Planet, Jimmy Page)"
There’s three ladies quite sure
How to hide papers old.
They just cite them in footnote seven.
If in body text they know
That their cover would be blown
This way they get the pub that they came for.
Ooh ooh so she cited them in footnote seven.
There’s a journal policy
That doesn’t apply to “she”s
‘Cause you know that there are double standards
Don’t do it by the book,
Overlook these small things,
Missing cross-field prior lit is forgiven.
Ooh, it makes me wonder,
Ooh, it makes me wonder. (about this article)
Now I feel cheap and scarred
When I read AER,
And my hoap-losing spirit is crying.
In my dreams I pretend
That I am HRM
And that I won’t always get desk rejected.
Ooh, it makes me wonder.
Ooh, it really makes me wonder. (about the journal)
And it’s whispered afar, that on EJMR
That some jerkoffs have posted the reasons
‘cause on this sad occasion
It was mere replication
And the field is roaring with laughter.
So if you’re copying old papers,
Don’t be alarmed now,
Just bury them in footnote fifteen.
Yes there are two paths you can go by
But in the long run
If not in the club who cares which road you’re on.
And it makes me wonder. (about this career)
Your head is spinning and it won’t stop
Don’t be the bad cop!
The cheaters call on you to join them.
Dear ladies, you thought you’d not get caught?
I suppose not.
Your reward is to inherit the wind.
And as we wind on down the road.
Referees keep on saying “no”
There reigns a lady (we now know!)
Who favors femmes and wants to show
Her coauthors are solid gold
But if you check (it’s not so hard)
The truth will show up pretty fast
Yes, Google Scholar will show all
The articles from which they stole.
And they buried those in footnote seven.
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Economist on "Separate subforum for journal referees"
Krk we journal referees are often hammered on EJMR. Could you please create a separate subforum for referees so that we can fight back? Your urgent attention to this issue would be highly appreciated.
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