[[{“value”:”Volume 21, Number 2, September 2024 In this issue: Academic Productivity after the CEA: Gordon Tullock wrote that government economists found capable of “firefighting” are assigned to do more of it, “with the result that the higher ranks of government economists aren’t able to read.” Here, Richard Burkhauser, Kevin Corinth, and Casey Mulligan offer themselves as
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Volume 21, Number 2, September 2024
In this issue:
Academic Productivity after the CEA: Gordon Tullock wrote that government economists found capable of “firefighting” are assigned to do more of it, “with the result that the higher ranks of government economists aren’t able to read.” Here, Richard Burkhauser, Kevin Corinth, and Casey Mulligan offer themselves as confounding data points.
Intelligent? DEI in the U.S. intelligence community: John Gentry examines and criticizes claims by Carmen Medina and others that DEI improves operational performance in the CIA and the U.S. intelligence community more broadly. (Medina is hereby invited to reply in a future issue of this journal.)
Temperature~economic growth: David Barker analyzes the Economic Inquiry article by Michael Kiley, who declined to respond to Barker’s critique of the Fed working paper version. Barker addresses what’s new and what he thinks is wrong. (Kiley is hereby invited to reply in a future issue of this journal.)
The Tuskegee Syphilis Experiment, which was sanctioned by the federal government, plausibly created mistrust of the medical profession among Blacks. In a Quarterly Journal of Economics article Marcella Alsan and Marianne Wanamaker purport to show a causal link between the despicable experiment and Black male mortality. Here, Robert Kaestner reassesses and concludes that their analysis was based on unsupported theoretical assumptions and faulty empirical methods. He concludes that the article does not provide proper evidence for the claim that the experiment caused an increase in Black male mortality. (Alsan and Wanamaker are hereby invited to reply in a future issue of this journal.)
Can we detect the effects of racial violence on Black patenting? Lisa Cook published a Journal of Economic Growth article on the effect of racial violence on innovation by Black Americans over the period 1870–1940. Here, Michael Wiebe contends that Cook’s results are not reliable and her conclusions are uninformative. (Cook is hereby invited to reply in a future issue of this journal.)
If in 1917 the Bolsheviks had failed, would Marx not have become such a big deal? In a Journal of Political Economy article, Phillip Magness and Michael Makovi argue that Karl Marx was not destined to become such a big deal, but rather that his enormous place as symbol and influence depended adventitiously on 1917 and its aftermath in the Soviet Union. Here, Joseph Francis challenges their hypothesis, and, in a reply, Magness and Makovi stick to their original claim.
Classical Liberalism in Argentina, from 1816 to 1884: Alejandro Gómez and Nicolás Cachanosky treat the classical liberal influence in Argentine history from independence in 1816 to the 1853 constitution and its aftermath. The foremost protagonist is Juan Bautista Alberdi (1810–1884). The piece extends the Classical Liberalism in Econ, by Country series.
Mission: Preposterous! The ‘mission economy,’ associated with economist Mariana Mazzucato, repackages the aim to governmentalize economic affairs. The ‘mission economy’ mission is assessed by the 2024 book Moonshots and the New Industrial Policy: Questioning the Mission Economy edited by Magnus Henrekson, Christian Sandström, and Mikael Stenkula. A review essay is here provided by Michael Munger.
Are Economic Freedom and Political Unfreedom Compatible? Mark Koyama reviews Evan Osborne’s 2024 book on economic liberalism in modern China.
Cure for Russia Hate: The Anglo tradition of hating Russia started in earnest in the 1830s. In 1836, Richard Cobden wrote a pamphlet challenging the development. A portion is presented here.
EJW Audio:
Glenn Diesen on Russophobia from Cobden’s Time to Today
Michael O’Connor on Sharpe Ratios and Investing
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Economics
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