~marginalrevolution | Bookmarks (34)

Maybe, but maybe not: Amid the current U.S.-China technological race, the U.S. has imposed export controls to deny China access to strategic technologies. We document that these measures prompted a broad-based decoupling of U.S. and Chinese supply chains. Once their Chinese customers are subject to export controls, U.S. suppliers are more likely to terminate relations […] The post Decoupling from China? appeared first on...

From a recent paper: We bring novel data to bear on these questions, presenting the largest empirical study of private security to date. We introduce an administrative dataset covering nearly 300,000 licensed private security officers in the State of Florida. By linking this dataset to similarly comprehensive information about public law enforcement, we have, for […] The post Data on private security forces appeared...

The mayor of an Italian island is attempting to solve an animal overpopulation problem with an unusual offer: free goats for anyone who can catch them. Riccardo Gullo, the mayor of Alicudi, in Sicily’s Aeolian archipelago, introduced an “adopt-a-goat” program when the small island’s wild goat population grew to six times the human population of […] The post Lockean homesteading for goats, bonus added...

That is the topic of my latest Bloomberg column.  I cover several points, here is one of them, based on the economic idea of intertemporal substitution: In this sense, Canada is ahead of much of the rest of the world in seeing the importance of these factors and turning it into actionable policy. It is […] The post Why aren’t Canada and other Anglo...

None dare call it eugenics: Dachshunds, the German dog breed known for their distinctive long bodies and short legs, face an uncertain future if proposed changes to an animal protection law are approved, Germany’s kennel club said. A draft of the bill, from the German Ministry of Food and Agriculture, was published in February and […] The post The polity that is German appeared...

Indigenous leaders of New Zealand, Tahiti and the Cook Islands signed a historic treaty that recognizes whales as legal persons in a move conservationists believe will apply pressure to national governments to offer greater protections for the large mammals. “It’s fitting that the traditional guardians are initiating this,” said Mere Takoko, a Māori conservationist who […] The post Should whales have the status of...

By Annie Jacobsen, a very good book.  What would happen if a nuclear weapon actually were launched at the United States?  On the ground?  In the chain of command?  Organizationally and otherwise?  A good book, sadly still of relevance.  Full of drama throughout, and tactically astute.  Excerpt: Ted Postol is blunt.  “Russian early-warning satellites don’t […] The post *Nuclear War: A Scenario* appeared first...

Indiana’s Republican governor has just signed new law that introduces “intellectual diversity” as a standard for tenure decisions in state universities. Under the law, campus boards of trustees will determine what intellectual diversity consists of, and lack of such diversity can be grounds for denying tenure. Intellectual diversity also must be considered in the post-tenure review process. […] The post Indiana’s new intellectual diversity law for...

We conducted the first randomized controlled trial to study the effect of AI assistance on human legal analysis. We randomly assigned law school students to complete realistic legal tasks either with or without the assistance of GPT-4. We tracked how long the students took on each task and blind-graded the results. We found that access […] The post Lawyering in the Age of Artificial...

Here is my blurb for the book: “Bryan Caplan is a pioneer in the use of graphic novels to expound economic concepts. His new book Build, Baby, Build is thus a landmark in economic education, how to present economic ideas, and the integration of economic analysis and graphic visuals. If you want to learn the economics, ethics, […] The post *Build, Baby, Build*, by Bryan Caplan...

a16z has issued the talks from that event, and we are issuing it too, as a bonus episode of CWT.  But note it is shorter than usual, and not the typical CWT format — this was done for an audience of actual DC human beings! Excerpt: COWEN: Why is open-source AI in particular important for national […] The post Marc Andreessen and I talk AI...

Via the excellent Samir Varma, hail to Handyman Flash Shelton: After local law enforcement couldn’t help, Shelton spent days dissecting laws around squatters’ rights. He managed to get rid of the women within a day by drafting a lease agreement with his mother designating him the legal resident of the home, then took over the house […] The post Those new service sector jobs, squatter...

I’ve blogged this in the past, and don’t have much to add to my previous views.  I will say this, however: if TikTok truly is breaking laws on a major scale, let us start a legal case with fact-finding and an adversarial process.  Surely such a path would uncover the wrongdoing under consideration, or at […] The post TikTok divestiture appeared first on Marginal...

Ireland’s effort to remove old-fashioned family values from its constitution suffered a double defeat Saturday as voters rejected the amendments on offer as maddeningly vague and threatening to property rights… In final results announced Saturday night, the amendment to change the constitutional definition of family was rejected by 67.7 percent of voters. The proposed changes […] The post The Irish reject a “Woke” constitutional...

Just flagging that while YIMBY is important…it’s only part of the solution. And it’s unclear just how important it is compared to the issues below because so few projects are even proposed and most that are do in fact get built without too much NIMBY delay (though it certainly does happen and as an attorney […] The post A different perspective on power grid...

The amount of new transmission line installed in the United States has dropped sharply since 2013, when 4,000 miles were added. Now, the nation struggles to bring online even 1,000 new miles a year. The slowdown has real consequences not just for companies but for the climate. A group of scientists led by Princeton University professor […] The post We need YIMBY for the U.S....

From an MR reader: Good story here about one man in Washington state fighting the battle against the progressive tide. He single handedly got six initiatives on the ballot to repeal progressive reforms over the past few years. These include a police pursuit law that prevents police from chasing criminals in most cases, and a […] The post Tide turning in Washington State? appeared...

Besides the usual, that is.  Max Thilo of the UK has a new and excellent study on this, here is one excerpt from the foreword by Lord Warner: Second, and critical, the Singaporeans are not fixated on delivering services from acute hospitals – the most expensive part of any healthcare system because of its fixed […] The post What can be learned from Singaporean...

But in the case of Madrid, the last 25 years have been a clear move towards higher degree of tax competitiveness, smart regulation, and an overall liberal policy in the economic sense. And then our society is fairly open and tolerant and recognized to be what we would broadly described as a free society, an […] The post How did Madrid become the capital...

That is the topic of my latest Bloomberg column, here is one bit: California’s highest income tax rate is 13.3%. That is in addition to a top federal tax rate of 37%. California also has a state sales tax rate of 7.25%, and many localities impose a smaller sales tax. So if a wealthy person earns and […] The post The California tax burden is driving...

But Bukele copycats and those who believe his model can be replicated far and wide overlook a key point: The conditions that allowed him to wipe out El Salvador’s gangs are unlikely to jointly appear elsewhere in Latin America. El Salvador’s gangs were unique, and far from the most formidable criminal organizations in the entire […] The post Is El Salvador special? appeared first...

Using a quantitative heterogeneous-agent model calibrated to Korea, we find that fertility would be 28% higher in the absence of the status externality and that childlessness in the poorest quintile would fall from five to less than one percent. We then explore the effects of various government policies. A pro-natal transfer or an education tax […] The post How much does status competition lower...

That is the topic of my Bloomberg column.  Maybe they should try it for federalism/discovery purposes, but overall I am skeptical.  Here is one excerpt: The history of “enterprise zones,” which are specially designated areas (usually urban) with lower taxes and fewer regulations, offers a cautionary tale. Enterprise zones have at best mixed results in revitalizing declining areas. Could […] The post Might a Georgist land tax help...

This paper presents a groundbreaking comparison between Large Language Models and traditional legal contract reviewers, Junior Lawyers and Legal Process Outsourcers. We dissect whether LLMs can outperform humans in accuracy, speed, and cost efficiency during contract review. Our empirical analysis benchmarks LLMs against a ground truth set by Senior Lawyers, uncovering that advanced models match […] The post Comparing Large Language Models Against Lawyers...