by Irwin Collier, Economics within the Rearview Mirror, June 7, 2016.
Excerpt from Friedman’s letter:
Of the individuals you checklist as doable visiting professors whereas Koopmans is away, Solow of M.I.T. is the one who offhand appeals to me probably the most. I’ve nearly little doubt about his absolute competence: I learn his doctoral dissertation at an early stage and noticed one thing of him final summer time and the previous summer time when he was spending a while at Hanover in reference to one or one other of Invoice Madow’s initiatives. He has a seminal thoughts and analytical means of a really excessive order. My solely questions can be the opposite that you simply elevate, whether or not he’s broadly sufficient fascinated about economics. And right here I’m inclined to reply with an unsure sure, relying partly on the truth that he’s versatile and able to being induced. I have no idea Dorfman of California both personally or via his writings. My query about him is that I imagine that we’d do greatest if we may use this chance on the whole to herald somebody with a fairly totally different perspective and who will present a broadening of the form of factor completed underneath the heading of mathematical economics, and my impression is that Dorfman could be very a lot in the identical line as Koopmans – however right here too, I don’t have a lot confidence in my information. As you recognize, I feel very extremely of each Modigliani and Christ, however as of the second for this explicit spot, would like Solow, partly on grounds of higher differentiation of product.
DRH remark: That is so attention-grabbing in gentle of the truth that Solow appears nearly to have hated Friedman later.
by Jason Furman, Peterson Institute for Worldwide Economics, September 11, 2024.
Let me go shortly via only a few facets of it. To begin with, on the world stage, commerce and globalization extra broadly have contributed to an extremely speedy, monumental discount in inequality. For those who take a look at the inequality amongst all of the individuals on the planet you erase nationwide borders and ask simply how a lot inequality is there amongst 8 billion individuals? For those who take a look at Branco Milanovic numbers, there all the improve in inequality from the 12 months 1900 to 2000 went away between 2000 and round 2020. In 1 / 4 century of hyper globalization erased a century’s price of elevated in world inequality.
Second, the query that you simply wish to ask might be not does inequality go up however what occurs to the residing requirements for the center class and the poor. If commerce helps everybody however helps some individuals greater than others that is perhaps to a point lamentable, however you most likely wouldn’t wish to cease it from occurring. I imagine plenty of commerce has had this character particularly if you consider the large and progressive good points from commerce on the buyer facet that I mentioned earlier.
by Edward Hasbrouck, Accountable Statecraft, October 7, 2024.
Excerpt:
Of males within the U.S. who turned 18 in 2023, fewer than 40% signed up for the draft — down from greater than 60% in 2020 earlier than the beginning of the battle in Ukraine.
DRH remark: Lastly some good information.
by C. Jarrett Dieterle, Motive, October 12, 2024.
Excerpt:
Rhiannon Deschaine of Kenduskeag, Maine started making and promoting meals from her home-based enterprise, Kenduskeag Kitchen, in April 2022—sourcing many components from the household backyard or homesteading neighbors. In July 2022, an official from the Maine Division of Well being and Human Providers dropped by Deschaine’s home to conduct an unannounced inspection. Whereas the inspector didn’t discover something unsanitary or problematic about Deschaine’s meals preparation or meals, Deschaine was knowledgeable that Kenduskeag Kitchen wanted to have a “meals institution license” to function, which might, in flip, require her to put in a full business kitchen in her residence.
A letter of enforcement adopted in October of 2022, and by December 2022, Deschaine shut down Kenduskeag Kitchen within the face of potential fines and enforcement motion. Shutting down a enterprise like Kenduskeag Kitchen is very ironic in Maine, a state that just lately handed a Meals Sovereignty Act and enshrined a Proper to Meals in its structure.
