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Neuromyths about the Brain and Learning
"Neuromyths are false beliefs, often associated with education and learning, that stem from misconceptions or misunderstandings about brain function. Over the past decade, there has been an increasing amount of research worldwide on neuromyths in education." The Online Learning Consortium has published an International report: Neuromyths and evidence-based practices in higher education by the team of Kristen Betts, Michelle Miller, Tracey Tokuhama-Espinosa, Patricia A. Shewokis, Alida Anderson, Cynthia Borja, Tamara Galoyan, Brian Delaney, John D. Eigenauer, and Sanne Dekker.
- 4
The Rise of Global Trade in Services
Our mental images of "global trade" are usually about goods: cars and steel, computers and textiles, oil and home appliances, and so on. But in the next few decades, most of the action in terms of increasing global trade is likely to be in services, not goods. More and more of the effects of trade on jobs is going to involve services, too. However, most of us are not used to thinking about countries import and export across national borders transportation services, financial services, tourism, construction, health care and education services, or many others. The 2019 World Trade Report from the World Trade Organization focuses on the theme, "The future of services trade." Here are some tidbits from the report (citations and references to figures omitted):
- 5
Analysis of Income Tax Data
How much income do US taxpayers have at the very top? How much do they pay in taxes? The IRS has just published updated date for 2017 on "Individual Income Tax Rates and Tax Shares." Here, I'll focus on data for 2017 and "returns with Modified Taxable Income," which for 2017 basically means the same thing as returns with taxable income. Here are a couple of tables for 2017 derived from the IRS data.
- 3
Fragility: What the US Money-Market Squeeze Means for the Future
· Last month’s squeeze in overnight domestic US$ funding rattled markets · The Fed responded rapidly but the problem has been growing for some time · Market fragility stems from problems in the transmission mechanism
- 5
Interview with Hal Varian: An Academic Goes to Google
Tyler Cowan conducts one of his rapid-fire, many-different-topics "Conversations with Tyler" with Hal Varian ("Hal Varian on Taking the Academic Approach to Business," June 19, 2019). Of course, Varian was a very prominent academic economist (and textbook author) for decades, but then 20 years ago became one of the first prominent economists to move over to the tech industry. He has now spent the last 20 years at Google. The conversation is full of highlights, but here are some snippets.
- 2
Video Clips are Revolutionising Economics Classes
I know a number of economics faculty who have been incorporating video clips into their classes. Sometimes it's part of a lecture presentation. Sometimes it's for students to watch before class. For intro students in particular, it can be a useful practice because it gives them a sense that they are being introduced to a universe of economists, not just to one professor and a textbook. The faculty member can also react to the video clip, and in this way offer students some encouragement to react and to comment as well--in a way that students might not feel comfortable reacting if they need to confront their own professor.
- 5
High Government Spending Leads To Stagnation
The idea that governments can’t lower taxes because there is a deficit, but are free to raise all expenses even if there is a deficit can be found in many political manifestos these days. Central planners always see the economic challenges as a problem of demand, and as such cringe at the idea of prudent investment and saving. When GDP growth, gross capital formation, and consumption are lower than what Keynesians would want, they always blame the alleged problem on “too much saving”, a ridiculous premise based on the perception that economic cycles and excess capacity do not matter and if companies and citizens don’t spend as much as the government wants, then the public sector should spend a lot more.
- 3
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