The review explores Jane Jacobs' economic theories from two of her books, focusing on the importance of cities in economic development and challenging conventional wisdom on separatism and large political entities. Longer summary

This review examines two books by Jane Jacobs: 'Cities and the Wealth of Nations' and 'The Question of Separatism'. The reviewer explores Jacobs' economic theories, which center on the importance of cities in economic development. Jacobs argues that cities, not nations, are the fundamental units of economic life, and that the process of import replacement is crucial for economic growth. The review also discusses Jacobs' views on separatism, currency, and the drawbacks of large political entities. The author notes that Jacobs' ideas challenge conventional wisdom across the political spectrum and suggests that her work deserves more attention in economic discourse. Shorter summary

Scott Alexander defends his criticism of the GOP tax bill, arguing that even if taxes should be lowered, there are more effective ways to cut taxes that would directly benefit the poor and middle class. Longer summary

Scott Alexander responds to criticism of his previous article on the GOP tax bill, reaffirming his position that the bill is a poor approach to tax cuts. He argues that even if one believes taxes should be lower, there are better ways to implement tax cuts. Scott suggests that halving income taxes for the bottom 80% of earners would be a more effective alternative. He critiques the argument that corporate tax cuts boost economic growth, citing economist opinions, CEO statements, and historical trends. The post emphasizes that direct tax cuts or welfare programs for the poor and middle class would be more beneficial than the proposed corporate tax cuts. Shorter summary

Scott Alexander explores social impact bonds as a potential way to use corporate greed to solve social problems more efficiently than current government programs. Longer summary

Scott Alexander discusses social impact bonds, a system where corporations invest in solving social problems and get paid by the government if they succeed. He compares this to prediction markets and sees it as a way to use greed for good ends. The post explores potential applications in healthcare, education, and crime prevention. Scott also discusses the risks and potential for abuse in such systems, but ultimately sees them as a promising way to address social issues more efficiently than current government programs. Shorter summary

Scott Alexander advocates for a political philosophy combining free markets with social welfare, proposing market-based alternatives to current welfare programs and regulations. Longer summary

Scott Alexander proposes a political philosophy that combines free market values with social welfare, which he tentatively calls 'bleeding heart libertarianism' or 'left-libertarianism'. He argues that many current welfare programs disguised as jobs or regulations are inefficient and could be replaced by direct welfare payments. The post presents examples like the BART strike, fast food workers' wage demands, and affirmative action, suggesting market-based alternatives that could be more effective. Alexander concludes that this approach allows for more flexibility and innovation while still addressing social and economic problems through government subsidies and taxes. Shorter summary

Scott Alexander argues that ancient Rome's welfare system was similar to modern progressive policies in causes and outcomes, despite different philosophical justifications. Longer summary

Scott Alexander responds to a critique of his Anti-Reactionary FAQ, specifically addressing the claim that ancient Rome's welfare system was fundamentally different from modern progressive welfare policies. He argues that while the philosophical justifications differed, the underlying causes and outcomes were similar. Scott proposes that urbanization and economic growth lead to social changes, which then produce progressive values, rather than progressive values causing social change. He uses examples of obesity, divorce rates, and welfare systems to illustrate how social and economic conditions drive policy changes, not ideology. Scott concludes that ancient Rome can be considered an early progressive society due to its similar policies and outcomes, despite different philosophical justifications. Shorter summary

Scott Alexander critiques a plan to cure youth unemployment by abolishing minimum wage, arguing that unemployment might be preferable to miserable employment at extremely low wages. Longer summary

Scott Alexander discusses Federico's plan to cure youth unemployment through policies like abolishing minimum wage and reducing labor regulations. He explores the potential consequences, comparing unemployment to underemployment at very low wages. The post delves into historical communist strategies, technological unemployment, and the challenges of adapting to a changing job market. Scott argues that unemployment might be preferable to miserable employment at extremely low wages, as it could lead to solutions like a Basic Income Guarantee. He concludes that minimum wage and labor regulations might serve to turn miserably-employed people into unemployed welfare recipients, creating a problem society is more likely to address. Shorter summary