[flagged]
[deleted]
2023 Nobel Prize in economics awarded to Claudia Goldin
61–70 of 135 posts
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#62Earlier quoted context omitted.
I do think it's funny that the economics prize is the one that "bought" its way into this prestige. Little to no opinion on what it should be called, personally. The asterisk associated with the name is just what comes to mind first.
I used to do the "it's not a real nobel" take as well when I was young and edgy, and then I realized that Alfred Nobel was just another rich guy buying his way post-mortem prestige*, not even doing so during his life. Even if "most of the applications were civil", with the economic devastation it brought and the undeniable military uses, I'm not sure the "merchant of death" moniker was unearned. So by now, I think th…
What economic devastation? Honest question I'm not sure what's the harm in civilian use of dynamite?
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#63Earlier quoted context omitted.
Somebody should superimpose the U-curve with the fertility rate graph. It might be that women employment picked up again when women gave up on having children/families. If you live in a 1st world country and you're too poor to afford to have a family (and by this I mean to be able to raise children with a certain standard of living) you might as well have a career... just to have some semblance of meaning in life.
Income negatively correlated with family fertility rates in the US. That doesn’t mean that economic strife doesn’t lower fertility as some folks will jump to claim though. But I find this proposed explanation to be unlikely.
It's a U-curve as well. Very poor people have low standards when it comes to raising children and less qualms about raising families on welfare with limited opportunities. Once people become educated and middle class but still poor, they have higher aspirations for their children and are less prone to have children if they know they won't be able to provide an adequate standard of living. Rich people have typically an above average number of children. I was mostly talking about the middle class, the ones who are educated but still poor.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#64[flagged]
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#65Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#66Earlier quoted context omitted.
Feels like everything other than theology is really just junk science, isn't it? After all, that is what universities were largely created for to start with.
You're ignoring the qualifier in that sentence.
I am not. Not sure CS or physics can meet the quality bar of theology - Thomas Aquinas put the bar pretty high early on.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#67Earlier quoted context omitted.
Income negatively correlated with family fertility rates in the US. That doesn’t mean that economic strife doesn’t lower fertility as some folks will jump to claim though. But I find this proposed explanation to be unlikely.
It's a U-curve as well. Very poor people have low standards when it comes to raising children and less qualms about raising families on welfare with limited opportunities. Once people become educated and middle class but still poor, they have higher aspirations for their children and are less prone to have children if they know they won't be able to provide an adequate standard of living. Rich people have typically a…
I agree with this! But I don’t think the effect size here is enough to drive the outcomes we’re talking about.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#68> During the twentieth century, women’s education levels continuously increased, and in most high-income countries they are now substantially higher than for men. > However, Goldin has shown that the bulk of this earnings difference is now between [sic] and women in the same occupation, and that it largely arises with the birth of the first child. Interesting situation developing if the main effort is in educating wo…
Caring for a baby is seen as an economic catastrophe, unless the baby is not yours
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#69Earlier quoted context omitted.
> It’s a pathetic marketing scheme by a fake science. What makes a science "real" and what makes it "fake"?
Tongue in cheek, although it works better than you’d expect at first blush. Add the word “mad” to the beginning. If it sounds scary it’s a real science, if it sounds silly and makes you laugh it’s not. “Mad chemist” sounds scary, what if they make sarin gas or something? “Mad economist” sounds like someone left in a huff at a federal reserve board meeting.
A range of comments decrying economics as fake science, and then this description of how to determine what is a real science.
You couldn't parody this if you tried.
Re: 2023 Nobel Prize in economics awarded to Claudia Goldin
#70> Goldin showed that female participation in the labour market did not have an upward trend over this entire period, but instead forms a U-shaped curve. The participation of married women decreased with the transition from an agrarian to an industrial society in the early nineteenth century, but then started to increase with the growth of the service sector in the early twentieth century. Goldin explained this patter…
Intuitive today, but perhaps not in days past. One criticism of the modern Nobel is that they are being given to old people for work done decades previous. Rather than spur promising scientists to extend good work, the Nobel is now more of a lifetime achievement award for people nearing the end of distinguished careers. There are exceptions, but this trend is likely tied to much of modern science taking decades between "discovery" of a thing and the "confirmation" necessary for the Nobel.