Bob first explains the synthetic control method and then critiques a newly published paper by Magness and Makovi employing the technique. M&M argue that were it not for the 1917 Russian revolution, Marx would today be a minor figure. Bob sharply disagrees.

Mentioned in the Episode and Other Links of Interest:

The Magness & Makovi paper on Marx.
RECEIPTS for Bob's claims.
Their AIER summary post.
Bob's paper with Phil on Piketty.
John Ganz critique, 1 and 2. Phil's response to Ganz.
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The audio production for this episode was provided by Podsworth Media.

Er det bedre å ha sparepenger i rentefond enn i banken?