Samuel Hammond   

@hamandcheese

Director of Poverty and Welfare Policy. Pluralist. The world is second-best, at best. shammond [at] niskanencenter [dot] org

Washington, DC
Vrijeme pridruživanja: travanj 2007.

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  1. Prikvačeni tweet

    Just sent out the first of what I hope to be many Struggling Regions newsletters. Get freewheeling industrial policy hot takes in your inbox bi-weekly. Here's a taste of what you're missing:

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  2. In this sense, the Old Right opposition to the New Deal represented opposition to modernism per se. Industrialization had created new, idiosyncratic risks like to employment, and demanded risk pools that extended well beyond kin and community.

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  3. The displacement of mutual societies by insurers became unstable as insurers scaled and faced adverse selection effects. This contributed to the demand for early social insurance programs like Old Age Pensions in Britain. Mutual societies persisted by adopting actuarial practices

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  4. In reality, however, mutual-aid societies were undermined long before by the emergence of commercial insurance. Actuarial science priced risks that used to be taken for granted out of ignorance, pulling lower risk members of such societies into lower premium risk pools.

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  5. A popular conservative narrative argues that the decline in mutual aid societies is a result of government largess: If only the New Deal and Great Society welfare state was abolished, we'd return to the golden age of church and mutual-aid society based care for the poor.

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  6. I start by noting the changing role of nonprofits. Despite a growing number of 501c(3)s, the number of "social welfare organizations and beneficent societies" fell 31 and 37 percent respectively between 2003 and 2013. The archetypical nonprofit is longer a church or soup kitchen.

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  7. My 2019 paper "It (Still) Takes a Nation: Why Private Charity Will Never Replace the Welfare State" is finally out of its paywall. A thread:

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  8. proslijedio/la je Tweet
    prije 7 sati

    Wow. This story about Amazon answers so many questions I had. Why did Bezos hold such as crazy public competition between 238 locations? For the PR value? To collect data on every location? No. He was envious of Elon Musk's incentives.

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  9. proslijedio/la je Tweet

    New studies by and suggest early-state momentum may not matter much in our nationalized presidential race. Are the candidates putting too much stock in Iowa and New Hampshire?

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  10. I'm going to be in SF this Wednesday through Friday, and in Menlo Park for the weekend. HMU!

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  11. proslijedio/la je Tweet
    prije 6 sati

    In Defense of Status Competitions, 4 years old

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  15. There should be an international treaty or norm requiring viruses in the lab to have some kind of DNA watermark

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  16. This finding fits with my explanation of the patterns highlighted in 's report on declining American investment. Amid trade and financial globalization, large corporates made a strategic calculus against new investment given global substitutes.

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  17. How a firm responds to entry threat depends on whether the entering firms are strategic complements or substitutes. So these average effects are in a sense a measure of how substituting- vs complementing- trade liberalization has been for domestic investment (1974-2004).

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  18. "On average, U.S. firms significantly reduce capital expenditures after tariffs decrease in their industry. Relative to matched firms, the capital expenditures of treated firms decline by 7.2% ... or $9.27 million per firm."

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  19. Hypothesis: The inefficiencies of incumbents firms (suboptimal capital structure, sticky contracts, older management) creates space for competitors with better products but without scale economies to gain a foothold in the market. Optimizing incumbents thus reduces firm entry.

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  20. Estonia's entire government has been on a type of blockchain since the mid 2000s. Totally paperless, distributed, cryptographically secured, and regularly backed-up in databases beneath foreign embassies.

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