One of Tyler Cowen’s Points is Right


As noted earlier today, Tyler Cowen posted about my critiques of his views on lockdowns.

I don’t have time to answer thoroughly but I do think I did him an injustice on one issue.

Cowen writes:

And my remark about “It just doesn’t seem worth it”, cited by David as me dismissing school reopenings?  Here is what I actually wrote:

Indoor restaurant dining and drinking, for example, is probably not a good idea in most parts of the U.S. right now.

Yes, many of the Covid cases spread by such activity would be among the lower-risk young, rather than the higher-risk elderly. Still, practically speaking, given America’s current response capabilities, those cases will further paralyze schools and workplaces and entertainment venues. It just doesn’t seem worth it.

I am worried about reopening indoor bars and restaurants because I want to keep schools (and other venues) open.  At my own school, GMU, I very much argued for keeping it open, which indeed we have done with success but also with great effort.  My whole point is one about trade-offs.

The above three paragraphs are from Tyler.

Now the following is David R. Henderson:

I did misinterpret him. I thought he was throwing in schools with bars and restaurants and I see now that he wasn’t.

My apologies to Tyler Cowen and to my readers.

This post is titled “One of Tyler Cowen’s Points is Right.” That doesn’t mean there aren’t others. If I find them, I will post on them. But it won’t be today. I have deadlines.


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I’m Not “David Henderson”


Tyler Cowen posted a response to my critiques of his articles this morning. Unlike Tyler, I will do him the courtesy of linking to his post.

Someone named David Henderson responded. If you know me, you know that that’s not me. That’s not my style at all.

I did post two comments on Cowen’s post, under my name David R. Henderson, the one I always use to post comments and the one I always use in my articles. I didn’t address the merits of Cowen’s case. I simply posted to let him and his readers know, assuming his readers care (I think Tyler does), that I am not the David Henderson who commented.


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The Great Chinese Inequality Turnaround (?)

From Ravi Kanbur, Yue Wang, and Xiaobo Zhang: This paper argues that after a quarter century of sharp and sustained increase, Chinese inequality is now plateauing and, according to some measures, even declining. A number of papers have been harbingers of this conclusion, but this paper consolidates the literature indicating a turnaround, and provides empirical […]

The post The Great Chinese Inequality Turnaround (?) appeared first on Marginal REVOLUTION.

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