1. Is it passion that matters when you’re thinking of getting a PhD? No. “You should do a PhD only if you want to be a rare expert who is able to make novel and enduring intellectual contributions to the world.”
2. India’s coal problem (HT: Marginal Revolution).
3. Trends in economic publishing. 1) There are now far more co-authored papers. 2) Authors are getting older. 3) There are more female authors 4) There is less “pure theory” and more empirical and experimental work. I do not trust experimental work. Original paper here.
4. Why is language so ambiguous? Ans: it’s more efficient this way.