economics

You already know what you’re going to get: a section on the joys and uses of cost-benefit analysis, some dashed-off thoughts about utilitarianism and negative freedoms, three or four chapters on nudges and their importance to the design of seatbelt policy, the primacy of Daniel Kahneman–style ‘slow thinking’ over intuition and moral heuristics, a Learned Hand quote, and a few weak anecdotes about Sunstein’s time as President Obama’s regulator-in-chief, all delivered through a prose that combines the dreariest elements of Anglo-American analytical style with the proto-numerate giddiness of a libertarian undergrad who’s just made first contact with the production possibility frontier.

In 2003, the two of us made a wager. We had just left a talk by a renowned scientist when Pierre quipped, ‘It must be amazing to work in his orbit, where his brilliance and the intellectual exchange of ideas must raise the level of scholarship of everyone around him.’ Josh, a bit more sardonic in nature, replied, ‘I don’t know. I bet he consumes a lot of scarce research resources and commands an oversized amount of attention. He might well suck all the oxygen out of the room.’ Without missing a beat, Pierre countered that this was really an empirical question. Nearly a decade-and-a-half later, we have some answers. It seems we were both right. These results paint a picture of scientific fields as scholarly guilds to which elite scientists can regulate access, providing them with outsized opportunities to shape the direction of scientific advance in that space.

San Pedro Sula may not be well known, but from 2011 to 2014 it was the most violent city in the world. The only thing to do there is escape. The crime syndicates, which have complete control over the region and the power of life and death over its people, have in recent years plunged Honduras into an unofficial state of war…. President Trump talks about the migrant caravan as if it were an attempted invasion. In reality, Honduras and Central America have paid an enormous price precisely because of US policies.

Economists espousing a minor carbon dividend plan isn’t surprising. But Janet Yellen, Marty Feldstein, and the oil-backed Climate Leadership Council seem to have purposely misappropriated and misrepresented the thousands of signatories’ support to fabricate a non-existent consensus against complementary climate policy, namely green public works and subsidy programs.

It has by the fall of 2018 become commonplace to describe the 499 known victims of Larry Nassar as ‘breaking their silence,’ though in fact they were never, as a group, particularly silent. Over the course of at least 20 years of consistent abuse, women and girls reported to every proximate authority. They told their parents. They told gymnastics coaches, running coaches, softball coaches. They told Michigan State University police and Meridian Township police. They told physicians and psychologists. They told university administrators. They told, repeatedly, USA Gymnastics. They told one another. Athletes were interviewed, reports were written up, charges recommended. The story of Larry Nassar is not a story of silence. The story of Larry Nassar is that of an edifice of trust so resilient, so impermeable to common sense, that it endured for decades against the allegations of so many women.

Prosecutors argued this week that members of the borderland faith-based organization No More Deaths broke the law by leaving jugs of water and cans of beans for migrants trekking through a remote wilderness refuge in the Sonoran Desert… The most serious charges have been leveled against Scott Warren, a 36-year-old academic, whom the government charged with three felony counts of harboring and conspiracy, for providing food, water, and a place to sleep to two undocumented men over three days last January. Warren faces 20 years in prison if convicted and sentenced to consecutive terms.