Lightnews — Scholar-powered news

Casey B. Mulligan

@caseybmulligan.bsky.social

67 followers 23 following 15 posts

You're Hired! Untold Successes and Failures of a Populist President is "an insightful, honest, book A MUST READ for anyone interested in the Trump White House" https://chicagopricetheory.com https://yourehiredtrump.com

Videos

Economics 70%

Business 13%

Posts Media Videos Starter Packs

Pinned

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 13

Price Theory is Essential for Causal Inference!

Don't miss out -- understanding these 18 minutes will change how you do economic measurement.
www.youtube.com/watch?v=1zcI...

Difference-in-Differences in the Marketplace

YouTube video by Chicago Price Theory

www.youtube.com

Casey B. Mulligan @caseybmulligan.bsky.social · Dec 30

Images are from the grand finale chapter of chicagopricetheory.com 2nd edition. 3/3

Chicago Price Theory

chicagopricetheory.com

Casey B. Mulligan @caseybmulligan.bsky.social · Dec 30

the premium in absolute terms.

Their prediction holds up almost perfectly 40 YEARS LATER!! If they are correct, today’s large premium could easily increase another 1.5X over the next 20 years. Who wants to advise wide swaths of young people that Katz and Murphy will suddenly be wrong? 2/3

Casey B. Mulligan @caseybmulligan.bsky.social · Dec 30

In defense of diplomas:

With 40-years old data, Katz & Murphy predicted that the skill premium in wages would grow 3 percent per year minus any movement down the demand curve due to increased skills in the workforce. 3 percent is a lot; rarely since WWII has skill accumulated enough to reduce...1/3

1 1

Reposted by Casey B. Mulligan

Michael Anne Kyle @michaelannica.bsky.social · Dec 16

Vertical integration

An ice skating rink sponsored by an orthopedic group

14 49 310

Casey B. Mulligan @caseybmulligan.bsky.social · Dec 12

Video version: youtu.be/1zcIko_L_40?...

1 1

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 26

Links to McCloskey and Pashigian.
archive.org/details/appl...
archive.org/details/pric...

The applied theory of price : McCloskey, Deirdre N : Free Download, Borrow, and Streaming : Internet Archive

xvii, 631 p. : 25 cm

archive.org

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 26

Landsburg has this as Exhibit 15.11. Here are McCloskey and Pashigian. But the other dozen texts I know don't have it.
2/3

1 1

Reposted by Mariacristina De Nardi

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 26

This gem of price theory is useful for public, macro, and labor. Once seen, it's obvious. Yet is quite rare, at least in published textbooks or article.
1/3
youtu.be/qv1JFjT8QeM?...

Progress and Incidence: Output and factor incomes as areas under the marginal product schedules

YouTube video by Chicago Price Theory

youtu.be

1 1 2

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 21

Short and sweet from Cass Sunstein.
casssunstein.substack.com/p/a-note-on-...

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 19

Murphy, Topel, Philipson, and Mulligan: www.youtube.com/watch?v=GY7Y...

How Chicago Economics is Helping End a Pandemic: Enabling Choice and Competition in Healthcare

YouTube video by The University of Chicago

www.youtube.com

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 18

Several good bits in this trip down memory lane.
www.wsj.com/economy/infl...

How Democrats Blew It on Inflation

President Biden hadn’t even been inaugurated when he and his senior advisers made a monumental gamble in January 2021 that would reverberate through his presidency.

www.wsj.com

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 18

Based on the new Public Choice paper rdcu.be/dTe82

Equilibrium responses to price controls: a supply-chain approach

rdcu.be

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 18

www.youtube.com/watch?v=QIwD...

The Economics of Socialism: Price Controls

YouTube video by Supply & Demand

www.youtube.com

Reposted by Casey B. Mulligan

Mariacristina De Nardi @mdenardi.bsky.social · Nov 17

A thread by @dieworkwear.bsky.social argued that clothes are not made as well as in the past. IMO that is also the case for appliances. Now other durables as well according to WSJ. Why a reduction in durability of durables, as tech progress advances?

www.wsj.com/lifestyle/co...

Your New $3,000 Couch Might Be Garbage in Three Years. This Is Why.

Furnishings that used to last for a decade or more fall apart much sooner now. Think fast fashion for furniture.

www.wsj.com

1 9

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 13

The prediction was based on anticipated regulatory activity, the costs of which proved to be unfairly distributed. Might that be why the 2024 voting patterns varied by household income?

Casey B. Mulligan @caseybmulligan.bsky.social · Nov 13

Here is an interesting article that looks at it on a per capita basis. Pretty close to the -5.0% we predicted in 2020.
www.wsj.com/opinion/nobe...

1 1