Design

A designer knows he has achieved perfection not when there is nothing left to add, but when there is nothing left to take away. Antoine de Saint-Exupery more…

Econtalk and the Minimum Wage

After explaining that elasticities account for whether workers are made instantaneously better off or worse off (on net) by minimum wages, every discussion should stress the impact of time on elasticities. In response to an EconTalk discussion thread entitled, There’s No Such Thing as an Objective Fact, I offered my thoughts on minimum wages. ECONTALK EXTRA: What […] more…

The Laws of Programming

The First Law of Programming Dont. Instead, see if someone has already written a version of the program that you can adapt. If not, see if someone has written a program like what you need that you can adapt. The Second Law of Programming If you do, do it right. If no one has ever written […] more…

The Traveler’s Dilemma and Imagination

Suppose two travelers purchase identical antiques while on a tropical vacation. Their luggage is lost and the airline asks them to make independent claims for compensation. In anticipation of excessive claims, the airline announces that they will honor any claim between $80 and $200 (in $1 increments), but that each will be reimbursed an amount […] more…

PWT Government Spending Share Visualizations

The PWTs suffer from frequent updates by national account offices and, to a lesser degree, changes in price level and exchange rate calculations. In order to visualize the issue, I created the following visualizations to compare government shares of output across the various editions of the data: http://www.richschwinn.com/index/statistics/2000chart.html http://www.richschwinn.com/index/statistics/2009chart.html If the data were consistent from one version […] more…

Graduate School for International Development and Cooperation (IDEC) Presentations

March 19th, I presented my research on Fiscal Multipliers to the Graduate School for International Development and Cooperation (IDEC) at Hiroshima University. I was humbled by the generosity and thoughtfulness of IDEC in organizing this remarkable experience. By request, the presentations are available below: Fiscal Volatility Diminishes Fiscal Multipliers (Thursday, March 19) Calling R from LaTeX for Economists, Statistical Philosophy, and More (Friday, March […] more…

Significance Magazine: the Economist for Statisticians

Significance magazine is the official magazine of both the Royal Statistical Society (RSS) and the American Statistical Association (ASA). All back issues are now available for free online. Below is a small sample of representative articles: I know I’m right! A behavioural view of overconfidence The Timeline of Statistics The long jump: How to jump the same distance and win Why do statisticians […] more…

Economics Teaching Materials

I am offering these versions of my class presentations and notes for unrestricted use. They are uncopyrighted. This means that I’ve put them in the public domain and released my copyright. Use the content however you want: email it, share it, change it, replace my name with yours, reprint it with or without credit. In […] more…

Create Illustrations Directly in Your Latex Code

You can use this guide to easily create common economic and statistical figures from within LaTeX via R. Running this code from TeXstudio will generate the guide. If you have any suggestions regarding how I can improve the guide, please let me know in the comments below. more…

Socrates on Writing

Writing… will implant forgetfulness in their souls… telling them of many things without teaching them you will make them… filled, not with wisdom but with the conceit of wisdom… a burden to their fellows. Socrates to Phaedrus: ‘…Theuth invented number and calculation, geometry and astronomy, not to speak of draughts and dice, and above all […] more…
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