The enduring economics of the 99-cent Arizona Iced Tea can | Boing Boing
In an era of rampant inflation and price gouging, one constant has remained unmoving for 30 years: the 99-cent tallboy can of Arizona Iced Tea. But how has this incredible soft drink managed to res…
In our textbook, Modern Principles, Tyler and I discuss India’s small scale reservation laws which for decades made it illegal for large firms to produce many manufactured goods: …traditionally most Indian shirts were made by hand in small shops of three or four tailors who designed, measured, sewed, and sold, all on the same premises. […]
The Competition for High-Skill Immigrants Intensifies - Marginal REVOLUTION
The UK has created a new visa for High Potential Individuals. Under the HPI visa any graduate from a top university as defined by “in the top 50 of at least two of the following three ranking systems: (1) Times Higher Education World University Rankings, (2) Quacquarelli Symonds, (3) The Academic Ranking of World Universities” […]
A.I. Is Mastering Language. Should We Trust What It Says?
OpenAI’s GPT-3 and other neural nets can now write original prose with mind-boggling fluency — a development that could have profound implications for the future.
With Aquila, Google Abandons Ethernet To Outdo InfiniBand
Frustrated by the limitations of Ethernet, Google has taken the best ideas from InfiniBand and Cray’s “Aries” interconnect and created a new distributed
Every year in the spring, small towns throughout New England host their annual town meeting. Town meetings take place in high school gyms or town halls, and anyone can come. In fact, in Vermont, Town Meeting Day is a public holiday. Everyone gets the day off work to make sure they have the chance to