Jesse Rothstein

@jrothst.bsky.social

Economist, public policy wonk, professor at UC Berkeley, faculty director of California Policy Lab & Center for Studies in Higher Education

I just finished reading “Seeing Like a State.” It argues that “high modernism” (Brasilia, soviet collectivization, Tanzanian forced villagization) failed because it put complex humanity into overly-simple schema. I think it has interesting things to say about AI’s impact on the labor market. 🧵

The @nytimes.com is out with a long editorial urging the UC Regents to end the UC's test-blind policy in undergraduate admissions. The NYT completely fails to address, or mention, the elephant in the room: the relentless, vexatious litigation the UC already faces over supposed affirmative action:

Opinion | A Great University Undermines Its Mission (Gift Article)

Under the test-blind policy, more students are thrown into classes for which they are unprepared.

nytimes.com

So weird: there's more than one scammy memorial site inviting donations or tree-planting in my dad's memory. We are not asking for that, but if people feel moved, donations in lieu of flowers to www.aclu-mn.org, www.aclu.org, or www.eff.org Econ folks, can you help get the word out?

Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011 was awarded jointly to Thomas J. Sargent and Christopher A. Sims "for their empirical research on cause and effect in th...

nobelprize.org

This is the exact Laffer move: Step 1: You accept in principle of course that there is a revenue maximizing tax rate t*, and further increases beyond that would reduce revenue. Step 2: Let's assume, with 0 evidence, that your proposed t is above t*. Step 3: Ergo, your proposed t is too high.

Jason Furman@jasonfurman.bsky.social · 5mo ago

How much are you willing to reduce spending on poor children to tax billionaires more? A utilitarian would raise taxes on billionaires basically to the revenue maximizing rate. IF you think billionaires are a negative externality then you would go even higher. A 🧵 .