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Marshall Steinbaum @econmarshall.bsky.social · 16h

Chicago on Chicago crime

(H/t @pricelaborecon.bsky.social)

Marshall Steinbaum @econmarshall.bsky.social · 1d

I have a new piece in @lpeblog.bsky.social

“Anti-monopolism as an Ideology of the Left”

responding to @gabrielwinant.bsky.social’s “provocation.”

lpeproject.org/blog/anti-mo...

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Marshall Steinbaum @econmarshall.bsky.social · 1d

We Are All Chicago. We Are All Salt Lake City.

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Reposted by Marshall Steinbaum

LPE Blog @lpeblog.bsky.social · 1d

Today, @econmarshall.bsky.social continues the discussion about Antitrust and Marxism, making both the radical and moderate case for anti-monopoly as an ideology of the left.

Anti-Monopolism as an Ideology of the Left

Some on the left dismiss anti-monopolism as a distraction from the core conflict between labor and capital. But this view misunderstands both history and strategy: antitrust has long been a tool for…

lpeproject.org

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Reposted by Marshall Steinbaum

Matt Seybold @mattseybold.bsky.social · 1d

Important piece from Marshall. Dismantling kleptocracy is the most urgent goal, & anti-monopoly policy must be part of that.

The problem we face, as I tackled last week, is that with very few exceptions, U.S. anti-monopoly policy has been antitrust, & has ranged from weak to counterproductive.

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Marshall Steinbaum @econmarshall.bsky.social · 1d

Of course.

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Marshall Steinbaum @econmarshall.bsky.social · 1d

Thanks!

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Reposted by Marshall Steinbaum

Todd Davies @todddavi.es · 1d

Excellent essay!

It rebuts Marxist pessimism about the anti-monopoly movement, highlights the importance of contesting Capital's control of economic production, and ties it all into the recent failures of the movement (particularly wrt. the recent anti-monopolisation case against Google).

Marshall Steinbaum @econmarshall.bsky.social · 1d

I have a new piece in @lpeblog.bsky.social

“Anti-monopolism as an Ideology of the Left”

responding to @gabrielwinant.bsky.social’s “provocation.”

lpeproject.org/blog/anti-mo...

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Marshall Steinbaum @econmarshall.bsky.social · 1d

In it I lay out a radical and moderate case for anti-monopolism. There’s a constituency for anti-capitalism here, or rather diverse constituencies of aggrieved consumers and producers that can be united by contesting capitalistic control & gatekeeping power.
/2

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Marshall Steinbaum @econmarshall.bsky.social · 1d

I have a new piece in @lpeblog.bsky.social

“Anti-monopolism as an Ideology of the Left”

responding to @gabrielwinant.bsky.social’s “provocation.”

lpeproject.org/blog/anti-mo...

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Reposted by Marshall Steinbaum

Rafe Meager (they/them) @economeager.bsky.social · 1d

this is not quite an anti-trust tragedy but it's certainly some kind of capital market regulation problem if people can buy assets that provide huge public goods specifically in order to destroy the public good provision

karl rove knausgård @uhactually.bsky.social · 1d

Lmao WaPo has fewer than 100K circulation now. It turns out “alienate your liberal subscriber base” is not a good strategy when the Republicans also hate you. www.forbes.com/sites/andyme...

The Washington Post Is Running Out Of Readers Willing To Pay

Once a titan of American journalism, The Washington Post now struggles to reach even 100,000 print subscribers most days.

www.forbes.com

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Reposted by Marshall Steinbaum

Jonah @anotherjonah.bsky.social · 2d

This morning I was filming ICE abducting sometime in Petworth. One of the agents told me "the last US citizen that did this he put in cuffs all the way to the courtroom".

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Marshall Steinbaum @econmarshall.bsky.social · 2d

Oh and “Both” is referring to (2) not (1).

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Marshall Steinbaum @econmarshall.bsky.social · 2d

I believe you were in fact in the room when I asked this exact question at an ASSA session last year because you presented in that same session.

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Marshall Steinbaum @econmarshall.bsky.social · 2d

I don’t think changes in tax filing behavior are spurious statistical artifacts when the effective tax rate on (what the tax code considers to be) capital income has been on a steady 50 year decline!

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Marshall Steinbaum @econmarshall.bsky.social · 2d

Or both!

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Marshall Steinbaum @econmarshall.bsky.social · 2d

Taking as given that some of the labor share of GDP has shifted to the self-employed/pass-through share,
1. Is that share “really” labor or capital income?
2. Among the self-employed/pass-through share, is it the low earners who are “really” capitalists or the high earners who are “really” workers?

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Marshall Steinbaum @econmarshall.bsky.social · 2d

1. What are the “faults” with these?

2. I had associated him with the “paradox” that innovation in the production process was low in the Roman Empire but economic growth was high, while the opposite was the case in the Middle Ages. Did I make that up? And how does he explain the paradox, if he has?

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Marshall Steinbaum @econmarshall.bsky.social · 2d

What else has he done? (Genuinely asking.)

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Marshall Steinbaum @econmarshall.bsky.social · 8d

Now you can be a victim of other people getting their student loans canceled.

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Marshall Steinbaum @econmarshall.bsky.social · 10d

That’s the whole point of posting something fake.

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Marshall Steinbaum @econmarshall.bsky.social · 14d

Foner of course, but also Railroaded by Richard White. I’ll think of more.

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Marshall Steinbaum @econmarshall.bsky.social · 17d

And the result of that is a further inference: that the main purpose of the WAR model is to vindicate your side in an ideological war by cosplaying as the sober numbers guys, rather than to actually understand the phenomenon you claim to be studying.

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Marshall Steinbaum @econmarshall.bsky.social · 17d

This is a good piece about the unstated assumptions underlying political data analytics, and specifically Wins Above Replacement. As so often in economics, once you make the counterfactual you’re measuring candidate performance against explicit, the inference you claim cannot possibly be supported.

Boston Review @bostonreview.bsky.social · 17d

To the Democratic pollster and data pundit, “moral claims and exercises of imagination, claims about what is possible come with glaring asterisks. New tactics and strategies are by definition unvalidated, and in that sense they are admittedly a risk. But there are risks the other way, too.”

How to Lie with (Political) Statistics - Boston Review

Inside the data wars over Democratic strategy.

www.bostonreview.net

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Marshall Steinbaum @econmarshall.bsky.social · 18d

The SHOE mailing list.

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Marshall Steinbaum @econmarshall.bsky.social · 18d

Very sad to hear Malcolm Rutherford died. The world can be divided into people who do and do not understand the history of our discipline, on the basis of whether you have or have not read his book “The Institutionalist Movement in American Economics, 1918-1947.”
#econsky

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