Simulation Could Explain Why People Reject Smarter Economic Policy

If variety is the spice of life, then why are so many of us drawn to old habits? You might think of this phrase in the context of your Friday night plans, but economists are asking it about our approach to public policy. Despite a growing body of research indicating that the structure of U.S. … Read more

Robin Hanson On Life With Replicable Robots

BIL: Oakland 2016 Recession Generation was an Earthsharing.org event which took place on July 9th, 2016 in Oakland, California. Keynote speaker, Robin Hanson, shared a fascinating vision of the future in which cheap, replicable robots are able to do most human work, and the implications of such a possibility. Hanson presents an idea divergent from … Read more

EarthSharing.org on Stanford Radio KZSU 90.1 FM Promoting the Recession Generation Event

WKZSU 90.1 FM Stanford University Radio Interviews EarthSharing.org   July 5th, 2016, Edward Miller and Jacob Shwartz-Lucas were invited onto Stanford University Radio to discuss an event they would organize in Oakland a few days later. The event was titled BIL Oakland 2016: The Recession Generation. The discussion revolved around the event’s aim of helping … Read more

Chinese Investment in US Real Estate Tops $110bn

The lessons of the 2008 financial crisis are quickly being forgotten. That market collapse was precipitated by an extraordinary rise of US land values, which was driven by the emergence of subprime lending on a mass scale. Prices of residential and commercial real estate are once again on the rise. A major driver of this … Read more

99 Homes: A Film That Captures the Hardship Caused by the Crash

Rosemary Williams Evicted from 3138 Clinton Avenue South from Flickr via Wylio

Lacar Musgrove & Jacob Shwartz-Lucas On a July night in 2009, Sophia Ramos and her two grandchildren pitched a tent on a family-owned patch of property in a rural area of Hawaii. The two boys were crying. These weren’t spoiled kids reluctant to go camping –they were homeless. The Ramos family lost their home amid … Read more

Everything Like This Has Happened Before

Henry George: Everybody works but the vacant lot

Kim-Mai Cutler’s recent article “Nothing Like This Has Ever Happened Before” puts forth a sophisticated argument critiquing the naïve sentiments suggested by her title. As a whole, Cutler emphasizes the longue durée of economic history over the immediate, citing the work of economist Carlota Perez to demonstrate a rich historical pattern of bubbles and recessions … Read more

Does welfare make people lazy?

Critics of welfare programs charge that support from the government makes people less inclined to go out and find work. They cite examples of the extraordinary determination of some poor people to better themselves. But isn’t there a basic fallacy in that? If there are fewer available jobs than there are workers seeking them, won’t … Read more