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Marginal REVOLUTION - Page 2 of 2524 - Small Steps Toward A Much Better World

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1. ” These findings suggest that IRS officials possess, and trade on, material tax-related information and that these trades are associated with future tax enforcement outcomes for firms.” 2. New centrist movement seeking to swing the House by winning a few seats. 3. “Doubling-back aversion” is distinct from the sunk cost fallacy. 4. Papal production function? 5. Interesting comments on this India-Pakistan post. 6. Papers in honor of Mario Rizzo, currently open access. 7. o3 on what makes Aphex Twin and Richard James “English.” ChatGPT: Adam Smith strongly criticized mercantilism in The Wealth of Nations (1776), arguing that it was a flawed and self-defeating economic doctrine. His main points: Wealth is not gold: Mercantilists equated national wealth with the accumulation of gold and silver (bullion). Smith rejected this, emphasizing instead that real wealth lies in a nation’s productive capacity—its ability to produce goods and services. Trade is not zero-sum: Mercantilists saw inter

It is fun to watch/rewatch this 1990 movie circa 2026. It is about New York City debutantes (CT and the Hamptons too), and how they interact with each other. The movie is set a bit earlier in time, perhaps in the mid-1980s, though some scenes hearken back to the 1970s. Of course there is no social media and no cell phones. So the characters do look at each other, and talk to each other, the whole time. People dress up, and social smoking is “a thing.” There is no hook-up culture, as even casual sex has some sort of social implication. Women are seen as vulnerable, and the men occas

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