An Economist Takes on the Parable of the Good Samaritan

Who will help those in less-fortunate situations when everyone believes that someone else will do the job? This is the question that Ted Bergstrom addresses in a new paper published in the American Economic Journal: Microeconomics entitled: “The Good Samaritan and Traffic on the Road to Jericho“. Bergstrom illustrates his paper with a modern retelling of…

[Book Review] Experimental Conversations – Forthcoming in the AJAE

Randomized control trials (RCTs) have taken development economics, and even the broader discipline of economics, by storm. Whether this is “good” or “bad” or just another methodological “fad” largely depends on one’s perspective on development and empirical science. Timothy Ogden, the Managing Director of NYU’s Financial Access Initiative, has documented a number of these perspectives from not…

Debating the DRC’s Development

I’ve been reading a lot more about the Democratic Republic of Congo (DRC) recently (more on this to come, I hope). To that end, there has been a fascinating debate in Foreign Affairs about the plight of the DRC. It has been a while since the last time I summarized a development debate, but I think…

Links I Like [2.17]

How Should One Resist the Trump Administration? Global Citizens, National Shirkers Two examples of why “Millennials” is wrong How development economists think about development vs. how other economists think about development How America Lost Faith in Expertise

The Cardinal Treatment of Ordinal Variables

Last weekend, I came across a paper published in the European Economic Review by Carsten Schroder and Shlomo Yitzhaki entitled “Revising the Evidence for Cardinal Treatment of Ordinal Variables” (2017). I found the paper to be well-written, intuitive, and important. Although there are no direct policy implications of this paper, papers like these need to be…

Links I Like [Dictionary Edition]

Over the last month or so, the Merriam-Webster Dictionary has been pushing out excellent content – particularly as it surrounds all of the political craziness and chaos. Here is a post about the meaning of “facts” or “a piece of information presented as having an objective reality”. Here is a post about the origins of the…