I recently berated Greg Mankiw (and the top ten world economists he pretends top cite) for the folly of suggesting that fertility rates don’t matter to economists. Well today Mankiw seems to be having (an implicit) rethink. Dependency ratios, it seems, do matter.
Now since dependency ratios are really a function of three factors - fertility, [...]

Back in July I published a post about Austrian demographer Wolfgang Lutz’s hypothesis that those countries which sustain total fertility rates below 1.5 for any length of time may have fallen into a self-reinforcing low-fertility trap. Old Rottenhat (Ray to his friends) argued in comments that I had explained the reasons for the existence [...]

According to Oded Galor it has become evident that in the absence of a unified growth theory that is consistent with the entire process of development, the understanding of the contemporary growth process would be limited and distorted. He quote Copernicus to the effect that:
?It is as though an artist were to gather the hands, [...]

20 years ago I had an Idea. Maybe someone who knows something about the field can tell me what is wrong with it in 20 seconds (including maybe someone else had the idea 40 years ago).
This thought was stimulated by reading Structural Anthropology a collection of essays by Claude Levi-Strauss. There are two questions. [...]

Maybe it’s the presence of Talos in the comments section, or maybe it’s the arrival of the Athens Olympics on my personal horizon, but something this morning is carrying me back to the world of the Greeks, and to some early ideas of how best to secure objectives in the face of adversity.
First metis [...]

Ok: it’s just gone half past six, and demonstrations all over Spain are getting ready to go. Meantime I will leave you with the following thoughts:
I think it must be difficult for anyone outside Spain to understand just how complicated this situation here is. As everyone by now knows, the Spanish police are following two [...]