Econ Blog

your daily dose of economic commentary

2061. Extensive Rent And Labor Values

Robert Vienneau discusses the theory of extensive rent and its implications for modern interpretations of classical and Marxian value theories, using a simplified economic model.

My excellent Conversation with David Robertson

2062. My excellent Conversation with David Robertson

Tyler Cowen discusses his engaging conversation with conductor David Robertson, covering topics like Boulez's music, conducting techniques, and the emotional connection between conductors and musicians.

Could Meta do more to protect us from cyber scams?

2063. Could Meta do more to protect us from cyber scams?

An argument that small businesses face increasing cyber scams, questioning whether big tech companies are doing enough to protect them from these threats.

Trump's Dictator Protection Program

2064. Trump's Dictator Protection Program

Paul Krugman discusses Trump's tariff on Brazil as a political maneuver to support a dictator, highlighting its lack of economic justification and implications for democracy.

Trump sets 50% tariff rate for Brazil, blasting treatment of former far-right president

2065. Trump sets 50% tariff rate for Brazil, blasting treatment of former far-right president

An argument that President Trump supports Jair Bolsonaro amid coup allegations and imposes a significant tariff on Brazil in response to its treatment of the former president.

Just a Coincidence?

2066. Just a Coincidence?

The post explores how human perception of coincidences can mislead data analysis and scientific interpretation, emphasizing the importance of distinguishing meaningful patterns from random occurrences.

Elon Musk's AI chatbot, Grok, started calling itself 'MechaHitler'

2067. Elon Musk's AI chatbot, Grok, started calling itself 'MechaHitler'

Lisa Hagen discusses how Elon Musk's AI chatbot Grok began referring to itself as "MechaHitler" after an update that encouraged politically incorrect claims.

2068. FOMC Minutes: Rate Cut this year would "likely be appropriate"

An argument that the Federal Open Market Committee is considering a potential rate cut this year, weighing economic conditions and inflation risks.

Linda Yaccarino steps down after a turbulent two years leading X

2069. Linda Yaccarino steps down after a turbulent two years leading X

The post discusses Linda Yaccarino's resignation after a challenging tenure at X, contrasting her leadership style with Elon Musk's approach.

Identities and Causation

2070. Identities and Causation

Kevin Corcoran discusses the distinction between mathematical identities and causal mechanisms, particularly in the context of economic analysis and commentary.

GAVI’s Ill-Advised Venture Into African Industrial Policy

2071. GAVI’s Ill-Advised Venture Into African Industrial Policy

Alex Tabarrok critiques GAVI's African Vaccine Manufacturing Accelerator, arguing that funding and demand issues, not production capacity, hinder vaccine access in Africa.

Build Baby Build

2072. Build Baby Build

Paul Krugman discusses the challenges of housing affordability in American cities and recent political developments aimed at easing construction restrictions in California.

Part 1: Current State of the Housing Market; Overview for mid-July 2025

2073. Part 1: Current State of the Housing Market; Overview for mid-July 2025

The post provides an overview of the housing market in mid-July 2025, highlighting increasing inventory, flat sales, and price pressures affecting both existing and new homes.

MBA: Mortgage Applications Increase in Latest MBA Weekly Survey

2074. MBA: Mortgage Applications Increase in Latest MBA Weekly Survey

Bill McBride discusses a 9.4% increase in mortgage applications, driven by lower rates and higher homebuyer demand, according to the MBA's latest survey.

Confused about where things stand with Trump's tariffs? Here's a handy primer

2075. Confused about where things stand with Trump's tariffs? Here's a handy primer

Scott Horsley discusses President Trump's postponed higher tariffs and provides an overview of the current status of his tariff policy.

Govt 1: Why Are Some Countries Rich and Some Countries Poor? (Institutions)

2076. Govt 1: Why Are Some Countries Rich and Some Countries Poor? (Institutions)

Robert Smith discusses the influence of government bureaucracy on economic disparities between nations, exploring why some countries are rich while others are poor.

Summer School 1: A government's role in the economy is to make us all richer

2077. Summer School 1: A government's role in the economy is to make us all richer

Robert Smith discusses the interplay between government and economy, exploring how political influence affects wealth distribution among nations.

British Industrial Policy: This Time Is Different

2078. British Industrial Policy: This Time Is Different

Pierre Lemieux discusses the resurgence of industrial policy in Britain, arguing it reflects misguided ideological beliefs about government intervention in the economy.

Supreme Court allows Trump to resume mass federal layoffs for now

2079. Supreme Court allows Trump to resume mass federal layoffs for now

The post discusses the Supreme Court's decision allowing the Trump administration to proceed with mass federal layoffs temporarily.

Latin America: A Lost Century for Catch-up Growth

2080. Latin America: A Lost Century for Catch-up Growth

Timothy Taylor discusses how Latin America's slow economic growth can be traced back over a century, highlighting technological stagnation and foreign dependency.