Make no mistake: the Working Families Party’s opaque presidential endorsement process signaled a rejection of not only Bernie Sanders but the movement emerging around him.
Arindrajit DubeBTW, this piece in Jacobin puzzling to me. I think many Liz supporters think she can build a broader coalition than Bernie. I don't know if that's true or not, but strange that this point is never addressed in the piece.
Part of the difficulty of picking winners and losers in a debate is that each voter brings a different rubric to the task. For example, a Democrat whose top pri…
Arindrajit DubeLiz Warren is doing well in articulating a progressive vision and winning over voters. Whether it's enough to win the nomination remains to be seen, given split vote between Liz/Bernie [yes demo's are somewhat different but ultimately the split matters.]
A pathfinder in environmental economics who insisted on factoring in the worst-case scenarios of global warming.
Arindrajit DubeThis is heartbreaking - Marty Weitzman taking his own life. After Alan Krueger, this is yet another reminder to all of us that our life is fragile, and in so many ways we don’t appreciate.
Why did America listen to the people who thought we needed “more millionaires and more bankrupts?”
Arindrajit DubeI am of two minds about this piece by @BCAppelbaum.
I think some of my fellow economists protest too much. There is a history.
At the same time, the effect of economics is probably less than suggested by this piece.
This paper provides a critique of zero lower bound (ZLB) economics which has become the new orthodoxy for explaining stagnation. ZLB economics is an extension of pre-Keynesian economics which attributes macroeconomic dysfunction to rigidities and...
Arindrajit DubeSectoral bargaining is an important plank in raising middle wages.
However, a key detail is whether there's extension of collectively bargained contracts to all workers (union or not). Without that it'll have minimal impact given realistic union density.
Converts variables of a shift-share IV dataset into a dataset of weighted shock-level aggregates, as described in Borusyak, Hull, and Jaravel (2018), to implement quasi-experimental shift-share (Bartik) designs via shock-level IV regressions.