Here’s what I would call a very welcome idea from the new editor of Economic Inquiry, Preston McAfee:
More insidious, in my view, is the gradual morphing of the referees from evaluators to anonymous co-authors.
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Best “Political Compass” so far. And where I stand on the left-right political-economic plan
You should do this ‘politiquiz‘ (particularly if you are already a politician/ decision maker or consider a career in this direction :-)). There are lots of things that can still be improved in it, but it is the best “where you stand on the political/ economic dimensions” questionnaire I’ve encountered so far.
→ Read more How intelligent should leaders be?
Although I think there is more to the story, quite insightful thoughts from Richard Posner and Gary Becker on the relationship between intelligence and leadership. A few potential caveats I’d point out very rapidly:
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the examples considered are clearly selected to fit the theory advanced (though it is far from clear that if one considered, say, all -succesful and unsuccesful – political leaders within the last century, from all over the world, not just the USA, the correlation between intelligence and leadership would turn positive)
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“leadership failure” is far from easy to define.
The importance of cooperation in the production of knowledge… or of anything valuable, for that matter
Here’s a link to an older post I wrote on the importance of team building (particularized for Romania) and I paraphrased Graham Bell in the end of it, just as I had done here (in Romanian).
→ Read more Prediction Markets: when in Romania?
I cannot but agree with the main idea of the recent statement on the prediction markets (you can download the PDF free of charge via SSRN, once you make an account with them), signed by a bunch of top economists, including 4 Nobelists.
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