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david reinstein
Works at University of Essex
Attended University of California, Berkeley
Lives in Exeter, United Kingdom
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david reinstein

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Good points.

I am not a trade theorist. However, my impression is that the consensus of economic theory was that 'the total gains of trade (similar for immigration) outweigh the losses to some, so with redistribution all could be made better off'. But simple models like [Heckscher-Olin](https://en.wikipedia.org/wiki/Heckscher%E2%80%93Ohlin_theorem) predict that laborers lose from trade in relatively capital-rich countries if there is no redistribution of the gains. So if they had the option to choose between a high external tariff and free trade – both without any redistribution, they might strictly prefer the former.
After the Brexit vote, a standard story is doing the rounds: the poor and uneducated are threatened by globalization. They respond atavistically, asserting their superiority over ethnic outsiders. As a result, they are fooled...
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Well, yes... one way to think about it is that anti-immigration sentiment is a kind of "No Political Coase Theorem" problem. It's not just a fear of losing out economically, but a fear of losing the political bargaining power to get redistribution that compensates you for those losses.
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david reinstein

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A good point: Hard for them to credibly condemn him when they say they would vote for him in the general election. By their revealed preferences:
themselves > Trump > Clinton.

The 'pledge' they took to support the Republican candidate was silly; the danger of posing a binary question in commonplace language and then being held to it literally. They pledged to support the Republican nominee unconditionally–even if he shoots someone?

http://www.slate.com/articles/news_and_politics/politics/2016/03/rubio_cruz_and_kasich_say_they_d_support_trump_as_nominee.html
Here is a small sampling of what non-Trump Republican presidential candidates had to say about Donald Trump in the lead-up to Thursday night’s debate i ...
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david reinstein

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Anyone else using the Vim-Latex package? I just got it to work with MacVim. It has some great features but I am still struggling to get other things working that are good in TexShop (like bibtex compile, and the 'touch the location' to jump between the .tex and the compiled pdf preview) 
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david reinstein

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When in doubt, consider your priori from basic intuition and theory (in spite of our theory-bashing in the other thread.) Supply shift outward , downward sloping demand for labor because of natural diminishing returns, the equilibrium wage should fall. Update from this prior based on new evidence.
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david reinstein

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A piece of academic journalism: https://theconversation.com/should-we-help-companies-tailor-prices-to-your-wage-packet-47719

-Should governments enable price discrimination by income? Firms and lower-income consumers would likely benefit.-

 This article was written jointly with Owen Southam, with contributions from Rasif Alakbarov and Harry Masters.

Thanks to all those those who gave me feedback and opinions
If the government wants to tackle wealth inequality, then it has the tools at its disposal to help people pay a fair amount for everyday goods.
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david reinstein

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Returning earphones: Great Microeconomics/mechanism design example 

Hi David,
Thank you for confirming that the issue persists.
We would like you to destroy your earphones, to do this please do the following:
1. Cut up your earphones into many pieces, please cut the main wire in 4 different places at the very least, it is not sufficient to only cut the wire once or twice. If the wire is not cut up in 4 different places we will ask you to cut it more before we can send a replacement. It is very important that your earphones are cut up in to many pieces.

2. Write on a piece of paper your order number, full name and this ticket number.

3. Take a picture of the destroyed earphones with the piece of paper with your info.

4. Attach the image to this ticket

5. ADD TO THIS TICKET YOUR CURRENT SHIPPING ADDRESS AND CONTACT NUMBER*

PLEASE DO NOT DISPOSE OFF THE EARPHONE UNTIL WE CONFIRM TO SEND REPLACEMENT. Once we confirm the image we will arrange a replacement to be sent to you.

Again please remember to cut up your earphones into at least 4 or more pieces and do not dispose of your earphones until we verify your images and confirm a replacement is on its way.

Should you not want to destroy your earphones or unable to send digital images to us then you can opt to mail back your earphones to us, if you prefer to do this then reply back informing us and we will provide mailing instructions.
Please let us know if you have any questions. Again I am very sorry that your earphones developed a fault.
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david reinstein

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Pics reveal how nice a workshop it was and how lovely Gothenburg is in season. Thanks Amrish Patel​, Martin, and others. https://sites.google.com/site/pateleconomics/p-games-workshop
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david reinstein

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I think a major moral objection to these randomised controlled trials, which I'm in favor of in general, is that one may have strong prices and evidence about where, and for which groups, the treatment may be most effective. However, for the sake of a balanced trial one administers it to a broader range of groups without targeting. So the scarce treatment may be administered other than where it is suspected to be most effective, for the sake of learning more about it's effectiveness. There may be real trade offs. 
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david reinstein

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I'm thinking of doing a live video stream from my office hours, allowing for text-in questions (like Periscope etc); Q&A for my students.  Does anyone have experience with this?

"younow.com" seems a decent interface, but an issue is how to limit who is allowed to ask questions or comment.
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Thanks again, good suggestions. I think this would require all students to sign up for Google+, and then tell me their Google ids, I think. I could try it and see how many choose to sign up. Or maybe it's better to give it a try 'open' and see if there are any problems before requiring the extra steps.  Good to hear that this worked with your grad course!
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david reinstein

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Overall I agree. But it is the assumptions that are falsified, to be a bit pedantic. Microeconomic Theory is perhaps more properly considered as a body of work establishing the implications of a set of assumptions. It is a useful exercise and a tool for generating testable predictions. But we shouldn't be surprised if the predictions generated from assumptions that have no empirical roots are falsified in many environments. There is also the normative interpretation -- if we want to maximize, here is how, says theory.

As Susan Powter yelled: Stop the insanity!
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david reinstein

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A new policy tool using the market to reduce inequality: government helps you verify your (low) income, businesses offer you discounts (price discrimination) #economics   #policy   #pricediscrimination   #inequality  
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This idea is really interesting. It certainly deserves a field trial. 
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david reinstein

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Has anyone set up and used a latex-vim editor combination (like VIM-LaTex; http://vim-latex.sourceforge.net) on a mac? I want to set this up but am a bit daunted. Currently I use TexShop and MacVim and I want to combine this functionality. 
Git Webinterface · GitHub Project · Sourceforge project · Links. Site hosted by: SourceForge Logo Created with Vim. Vim is undoubtedly one of the best editors ever made. LaTeX is an extremely powerful, intelligent typesetter. Vim-LaTeX aims at bringing together the best of both these worlds.
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People
In his circles
181 people
Have him in circles
123 people
Neil Kerfoot's profile photo
eka pramitaning's profile photo
David Lang's profile photo
Ezra Reinstein's profile photo
Daniel Shuldman's profile photo
Dale Benjamin's profile photo
Politics That Work's profile photo
David Klaus H. Klostermann's profile photo
Michael Sanders's profile photo
Education
  • University of California, Berkeley
    Economics (Ph.D.), 1999 - 2005
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Gender
Male
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  • University of Essex
    Lecturer, 2006 - present
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Currently
Exeter, United Kingdom
Previously
Berkeley, CA - Port Jefferson, NY
Friendly staff, comfy seats, pour over
Public - 6 months ago
reviewed 6 months ago
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