Volume 18, Issue 1, March 2021
In Memoriam (.pdf)
In Memoriam (.pdf)
In this issue (.pdf):
Will you live longer if you move to a place where people live longer? Commenting on an American Economic Review article, Robert Kaestner examines the causality behind an association between Medicare enrollees’ longevity and their post-Katrina migration from New Orleans to various destinations. Tatyana Deryugina and David Molitor reply to Kaestner.
Does machine learning improve corporate fraud detection? Commenting on a Journal of Accounting Research article, Stephen Walker investigates the findings for the effectiveness of machine learning in detecting accounting fraud. Yang Bao, Bin Ke, Bin Li, Y. Julia Yu, and Jie Zhang reply to Walker.
Is institutional quality impacted by immigration from poor or corrupt countries? Garett Jones and Ryan Fraser suggest overcontrol bias in works studying the issue, propose to investigate the matter using simpler evidence, and find indications of adverse impact on economic freedom. Jamie Bologna Pavlik, Estefania Lujan Padilla, and Benjamin Powell controvert the suggestion of overcontrol bias and provide new results finding against any such adverse impact.
Adam Smith in Love: Enrique Guerra-Pujol considers several pieces of evidence and concludes that Adam Smith very likely knew from personal experience what it meant to be in love with another person.
A final inning on colonial money: Ronald Michener has persistently challenged the scholarship of Farley Grubb on colonial money. Here, Professor Grubb replies to Michener’s last rejoinder, focused again on the experience of colonial New Jersey.
Against Standard Deviation as a Quality Control Maxim in Anthropometry: Austin Sandler discusses a pervasive practice in his field of anthropometry: Rejecting data sets in which standard deviations are ‘too big.’ He describes the origin and spread of this practice and its rationales, and argues against it.
Readworthy 2050: We complete the fielding of the question: What 21st-century works will merit a close reading in 2050?New responses are provided by Mitchell Langbert, Andrés Marroquín, Steven G. Medema, Alberto Mingardi, Paul D. Mueller, Stephen R. Munzer, Evan W. Osborne, Justin T. Pickett, Rupert Read and Frank M. Scavelli, Hugh Rockoff, Kurt Schuler, Daniel J. Schwekendiek, Per Skedinger, E. Frank Stephenson, Scott Sumner, Cass R. Sunstein, Slaviša Tasić, Clifford F. Thies, and Richard E. Wagner. (The first tranche is here.)
The History of Economic Thought as a Refined Liberal Art: Kevin Quinn reflects on intellectual history as a way of cultivating our humanity, with compliments for Don Lavoie.
EJW Audio:
Enrique Guerra-Pujol on Adam Smith’s Love Life
Lucas Berlanza on Liberalism in Brazil
Scott Drylie on Scholarship on Adam Smith on Schooling and Government
Call for papers:
Commentaries on Smith/Hume scholarship
Who should get the Nobel Prize in economics, and why?
EJW invites ‘journal watch’ submissions beyond Econ.
EJW fosters open exchange. We welcome proposals and submissions of diverse viewpoints.
Read the March 2021 issue in full (.pdf)
Table of contents (.pdf) with links to articles
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The genius of Econ Journal Watch is that it stimulates higher scientific standards in economic research. Most of the bold research comes from people who firmly believe in a theory and who search for evidence that supports it. Ideal scientific economists are supposed to search thoroughly for all evidence that might falsify their theory, but they rarely do. The discipline instead comes from other economists who have competing theories. EJW offers a new venue to check on how the facts square with theories, and it will help to make economics more of a science. Every profession should have its own Journal Watch, and I am delighted that economics has Econ Journal Watch.
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