- #OSCARS BAR GRILL RENE MACE NOVEMBER 11 2015 FULL#
- #OSCARS BAR GRILL RENE MACE NOVEMBER 11 2015 PROFESSIONAL#
We estimate the effect of language editing on perceived writing quality and perceived academic paper quality by comparing the average judgement of original and edited papers.
#OSCARS BAR GRILL RENE MACE NOVEMBER 11 2015 FULL#
All economists in our sample have PhDs in economics and their academic positions range from postdoc to full professor four of them are editors of academic journals and all of them are regularly involved in judging the quality of academic papers as referees or members o f conference committees. The writing experts judged the writing quality and the economists judged the academic quality of the papers. None of the experts knew that some of the papers were edited. None of the experts saw both versions of the same paper. Each of these experts judged five papers in their original versions and five papers in their edited version, spending around 5 minutes p er paper. We then asked 18 writing experts and 30 economists to judge some of the original and edited papers.
#OSCARS BAR GRILL RENE MACE NOVEMBER 11 2015 PROFESSIONAL#
The language editing was done by two professional editors, who aimed to make the papers easier to r ead and understand. We had two versions of each paper: one original and one that had been language – edited. We estimate the causal effect of writing quality by comparing how experts judge the quality of 30 papers originally written by PhD students in economics. The reality is that the crypto world has been a globalized product from the very beginning. Right now they are moving in the opposite direction, and as a result the price of crypto is falling. In this scenario, crypto is worth the most when global trading networks, and internet connections, are stable. There is at least the promise that crypto will be faster, more reliable and more secure. For many transactions, especially micropayments, crypto transfers might make more sense than trying to process all the trades through current dollar networks. Perhaps entrepreneurs will build a significant online metaverse, spanning national boundaries and allowing for fruitful interactions, including commercial ones. Think of some of the possible legitimate use cases for crypto. The world has been in turmoil, with a major war, wealth confiscations, and much higher inflation rates.
It increasingly appears that this story is wrong. One common story, especially popular in libertarian circles, has been that when inflation runs rampant and governments confiscate private wealth, crypto will be a vital refuge.
The last few months of chaos show what Bitcoin and other crypto assets are good for: They are advanced tools of globalization, luxury goods for complex, well-functioning markets - not protections against the depredations of hostile governments. That is the topic of my latest Bloomberg column, here is one excerpt:
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