Edward Conard

Top Ten New York Times Bestselling Author

  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “There are an amazing number of good ideas and interesting points made in Unintended Consequences. The thinking underlying it, and the obvious depth of understanding of the author, are very impressive.” - Steven Levitt, coauthor of Freakonomics; 2004 John Bates Clark Medal
  • “Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
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  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
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Ancient DNA Reveals Pervasive Directional Selection Across West Eurasia

AI Summary. Ancient DNA analysis of nearly 16,000 West Eurasians reveals that hundreds of alleles underwent strong directional selection over the past 10,000 years, shifting genetic predictors of body fat, schizophrenia risk, and cognitive performance by amounts equivalent to one standard deviation of modern variation.

Ali Akbari, Annabel Perry, Alison Barton, Mohammadreza Kariminejad, et al. Nature
Date Posted:
April 16, 2026
Is Database:
Database
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Ancient DNA from 15,836 West Eurasians reveals that natural selection accelerated dramatically in the past 10,000 years, following the agricultural revolution. The strongest selection drove improved immune function and lighter skin pigmentation.

How has directional selection shaped genetic traits in West Eurasians?

Core argument: Analysis of 15,836 West Eurasians detected directional selection across 9.7 million variants, revealing that alleles for light skin pigmentation increased.

We present a method for detecting directional selection in ancient DNA time-series data that tests for consistent trends in allele frequency change over time, and apply it to 15,836 West Eurasians (10,016 with new data). We estimate selection coefficients at 9.7 million variants, enabling study of how Darwinian forces couple to allelic effects and shape the genetic architecture of complex traits. We focused on 12 traits of particular interest with significant signals from all three tests (Figure 4). One of the strongest signals is an increase over time in the PGS for light skin pigmentation. Type 2 diabetes risk factors give compelling signals of negative selection. We detected negative polygenic selection against alleles associated today with psychoses such as bipolar disorder and schizophrenia. We finally observed signals of selection for combinations of alleles that today are associated with three correlated behavioural traits: scores on intelligence tests, household income and years of schooling. An important caveat is [that] these effects were measured in industrialized societies, and it remains unclear how these relate to phenotypes that were adaptive in the past.

Takeaways by Macro Roundup® AI

  1. Analysis of 15,836 West Eurasians detected directional selection across 9.7 million variants, revealing that alleles for light skin pigmentation increased.
  2. Type 2 diabetes risk alleles faced negative selection pressure across West Eurasian populations, indicating that Darwinian forces systematically reduced frequencies.

Related Articles:

  • Pervasive Findings of Directional Selection Realize the Promise of Ancient DNA to Elucidate Human Adaptation — David Reich and @aliakbari23 find that starting 10,000 years ago human evolution favored traits related to cognitive performance. Alleles associated with…
  • Animal Mutation Rates Reveal Traits That Speed Evolution — .@QuantaMagazine reports on a @Nature study that tracked the tempo of evolution across 68 species and found that the mutation rate per year was higher than…
  • Frontiers Evolutionary Trajectories of Complex Traits in European Populations of Modern Humans — European populations experienced significant evolutionary changes after the Neolithic period, notably an increase in height and intelligence scores, as…
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    • Evolution/Heredity
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      • Test Scores
    • Inequality
Previous articleApril 16, 2026The Longer-Term View63% of American firms with $100mm or more of annual revenue are private; the share is even higher in the EU and UK. Private firms across the three generate $12T in annual revenue relative to their public peers’ $33T.Next articleApril 16, 2026The Myth of Nordic Mobility: Social Mobility Rates in Modern Denmark and SwedenAfter correction for measurement error, Denmark and Sweden show very limited mobility in educational attainment. Indeed, “19th-century England had intergenerational and sibling correlations that only modestly exceed those of modern Denmark and Sweden.”
Showing 10 database articles primarily about Science

Self-Selection and the Diminishing Returns of Research

Lorenz Ekerdt and Kai-Jie Wu Working Paper
Date Posted:
December 9, 2024
Is Database:
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Ekerdt and Wu argue that the diminishing returns to research since the 1960s is a result of the 3X increase in the share of the labor force employed in research, which resulted in a transitional decline in the “average ability among researchers.”

We argue that a substantial portion of the declining productivity of research is the product of a transitional composition effect instead of a permanent phenomenon. We show that the share of the labor force employed in research has increased 3-fold since the 1960s. If workers are sorted into sectors according to ability, this rapid expansion cannot have been achieved without changing the average ability among researchers. If research is positively selected on ability, i.e., workers with a comparative advantage in research also tend to have an absolute advantage in research, the direction of this change is unambiguously negative. This source of diminishing returns is transitional because it is expected to fade away when the share of workers employed in research ceases to rise. Our results suggest that the average ability of researchers has fallen substantially. We find that separating transitional diminishing returns from permanent ones nearly doubles the long-run growth rate of per capita income predicted by a broad class of growth models.

Related Articles:

  • Are Ideas Getting Harder to Find? — Research productivity in the US has declined by a factor of 41 since the 1930s, averaging a 5% annual decrease. To sustain constant GDP growth, the US must…
  • Something Is Getting Harder But It’s Not Finding Ideas — .@MTabarrok argues that the decline in research productivity documented by @chadjonesecon @I_Am_NickBloom @johnvanreenen might be driven by misallocation of…
  • Science is Getting Harder — Evidence that advancing science is getting harder, driven by an increasing ‘burden of knowledge.’
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The Next Battle in Higher Ed May Strike at Its Soul: Scholarship

Anemona Hartocollis The New York Times
Date Posted:
January 16, 2024
Is Database:
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Over 10,000 research papers were retracted in 2023 globally according to @Nature, up from 400 in 2010. The retractions are due to both increased scrutiny but also the rise of “paper writing mills” or low-quality journals.

Over 10,000 research papers were retracted in 2023 globally according to @Nature, up from 400 in 2010.  The retractions are...
A cottage industry of checking research papers sprung up in the last two decades, including Retraction Watch, the Center for Open Science, and Data Colada, a blog dedicated to unmasking research based on bad data. The number of retracted research papers has grown dramatically over time, to more than 10,000 retractions internationally in 2023, an annual record, according to the journal Nature, up from about 400 papers in 2010, when Retraction Watch began its work. This may be in part because the scrutiny has intensified, said Ivan Oransky, co-founder of Retraction Watch. Nature also blamed the rise of paper-writing mills. “What’s different this time is the levels at which this seems to be striking — Harvard and Stanford,” Dr. Oransky said. “These are cataclysmic events.”

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  • The U.S. Is Turning Away From Its Biggest Scientific Partner at a Precarious Time — 40% of America’s high-quality scientific papers involve international collaborations, and China is the #1 partner in producing scientific research, though…
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Florida Ocean Temperatures At ‘Downright Shocking’ Levels

Dan Stillman Washington Post
Date Posted:
July 11, 2023
Is Database:
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Coastal waters in Florida are currently between 92 and 96 degrees vs. typical averages in the upper 80s. About 40% of the world’s oceans are facing a marine heat wave according to @NOAA.

Much of Florida is seeing its warmest year on record, with temperatures running 3 to 5 degrees above normal. While some locations have been setting records since the beginning of the year, the hottest weather has come with an intense heat dome cooking the Sunshine State in recent weeks. That heat dome has made coastal waters extremely warm, including “downright shocking” temperatures of 92 to 96 degrees in the Florida Keys, meteorologist and journalist Bob Henson said Sunday in a tweet. “That’s boiling for them! More typically it would be in the upper 80s,” tweeted Jeff Berardelli, chief meteorologist and climate specialist at WFLA-TV in Tampa. The hot waters around Florida are connected to record-breaking ocean heat worldwide. About 40 percent of the world’s oceans are facing a marine heat wave, NOAA reported. That is the highest percentage on record, and it could reach 50 percent by September.

Related Articles:

  • Climate Shocks Are Making Parts of America Uninsurable. It Just Got Worse — California’s largest homeowner insurance company, State Farm, will no longer sell coverage in the state citing “rapidly growing catastrophe…
  • Global Temperatures Have Broken Records Three Times In A Week — The new mean global air temperature record is more than half a degree warmer than the hottest temperature recorded in 1980.
  • Science
    • Global Warming

Earth Keeps Breaking Temperature Records Due to Global Warming

Will Mathis and Aaron Clark Bloomberg
Date Posted:
July 5, 2023
Is Database:
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The world’s global mean temperature reached a record 63°F on July 4th, topping a previous record of 62°F set in 2016.

The average worldwide temperature reached 17C (63F) on Monday, just above the previous record of 16.9C in August 2016, according to data from the National Centers for Environmental Prediction. The threshold only lasted a day. On Tuesday, the average temperature hit 17.2C.

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  • Antarctic Sea Ice Has Shrunk By An Area Nine Times The Size Of Britain — Antarctic sea ice is at its lowest recorded level for June, and is currently 2.3m square km below the 1981-2010 mean. @TheEconomist
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Nonreplicable publications are cited more than replicable ones

Marta Serra-Garcia Science
Date Posted:
June 15, 2021
Is Database:
Database

Research in @ScienceAdvances finds papers that fail to replicate receive more citations than those that do replicate, even after publication of replication failures.

A study in Science Advances reveals that papers in top psychology, economics, and general interest journals that fail to replicate receive more citations than those that do replicate. This trend persists even after the publication of replication failures, with only 12% of subsequent citations acknowledging these failures. The quality of citations for nonreplicable papers is comparable to replicable ones, as measured by the impact factor of citing journals. Experts can predict which papers will replicate, yet nonreplicable papers are often published due to a trade-off between the perceived interest of results and reproducibility standards. This suggests a systemic issue in academic publishing where the allure of novel findings outweighs the importance of scientific rigor, potentially skewing economic and policy decisions based on unreliable data.

New paper from Science Advances highlights the replication problem in science, “….We use publicly available data to show that published papers in top psychology, economics, and general interest journals that fail to replicate are cited more than those that replicate. This difference in citation does not change after the publication of the failure to replicate. Only 12% of post replication citations of nonreplicable findings acknowledge the replication failure. Existing evidence also shows that experts predict well which papers will be replicated. Given this prediction, why are nonreplicable papers accepted for publication in the first place? A possible answer is that the review team faces a trade-off. When the results are more “interesting,” they apply lower standards regarding their reproducibility….”

Core result, “…Our main finding is that papers that fail to replicate in (5-7) are cited more than those that are replicable. We find no significant change in citation trends, even after the publication of the failed replication. Notably, only a minority of publications after the failed replications were published acknowledge the failure. The “quality” of citations of papers that failed to replicate is similar to that of papers that were replicated: We do not find a difference in how often the citations of nonreplicable publications are cited by others or in the impact factor of the journals in which citations are published…”

The evidence, "...Figure 1 shows the distribution of total citation counts by the end of 2019 of the papers included in the replication projects, separately depending on replicability for Nature/Science, economics journals, and psychology journals. Replicability is measured according to the criterion that the replication project featured a P value of 0.05 or lower in a two-sided test, with an effect in the same direction as the original test….”

Nonreplicable publications are cited more than replicable ones: Extended Excerpt Image 1


Marta Serra-Garcia and Uri Gneezy, "Nonreplicable publications are cited more than replicable ones,"Science Advances, May 21, 2021, https://advances.sciencemag.org/content/7/21/eabd1705

  • Science

How Maxwells Demon Continues to Startle Scientists

Jonathan O'Callaghan Quanta Magazine
Date Posted:
April 27, 2021
Is Database:
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Maxwell’s demon, a thought experiment from 1867, has evolved into a concept illustrating the physical nature of information. Advances in information theory & thermodynamics have shown that information processing is inherently linked to physical processes.

Maxwell’s demon, a thought experiment from 1867, has evolved into a concept illustrating the physical nature of...
Maxwell's demon, a thought experiment from 1867, has evolved into a concept illustrating the physical nature of information. Advances in information theory and thermodynamics, notably Shannon's information entropy and Landauer's erasure principle, have shown that information processing is inherently linked to physical processes. This understanding has led to real-world applications, such as using information to create temperature imbalances in nanoelectronic devices, potentially enhancing thermal systems and computer chip efficiency. These developments underscore the economic potential of harnessing information as a physical resource, with implications for industries reliant on energy efficiency and data processing.

new advances in understanding Maxwell’s demon"...The team, led by Manzano, wondered if there was a way toimplement something like Maxwell’s demon but without the information requirements. They imagined a two-compartment system with a door, as before. But in this case, the door would open and close on its own. Sometimes particles would randomly separate themselves into hotter and colder compartments. The demon could only watch this process and decide when to turn the system off. In theory this process could create a small temperature imbalance, and therefore a useful heat engine, if the demon was smart about when to end the experiment and lock any temperature imbalance in place, much as a smart gambler on a hot streak knows when to leave the table. “You can either play all night on the roulette table, or you can stop if you win $100,” said Édgar Roldán, a physicist at the International Center for Theoretical Physics in Italy who was a co-author on the study. “We’re saying we don’t need such a complicated device as Maxwell’s demon to extract work in the second law. We can be more relaxed.”The researchers then implemented such a gambling demon in a nanoelectronic device, to show it was possible..."

Jonathan O'Callaghan, "How Maxwell’s Demon Continues to Startle Scientists,"Quanta Magazine, April 22, 2021, https://www.quantamagazine.org/how-maxwells-demon-continues-to-startle-scientists-20210422/

How Maxwell’s Demon Continues to Startle Scientists

The universe bets on disorder. Imagine, for example, dropping a thimbleful of red dye into a swimming pool. All of those dye molecules are going to slowly spread throughout the water. Physicists quantify this tendency to spread by counting the number of possible ways the dye molecules can be arranged. There’s one possible state where the molecules are crowded into the thimble. There’s another where, say, the molecules settle in a tidy clump at the pool’s bottom. But there are uncountable billions of permutations where the molecules spread out in different ways throughout the water. If the universe chooses from all the possible states at random, you can bet that it’s going to end up with one of the vast set of disordered possibilities.

Seen in this way, the inexorable rise in entropy, or disorder, as quantified by the second law of thermodynamics, takes on an almost mathematical certainty. So of course physicists are constantly trying to break it.

One almost did. A thought experiment devised by the Scottish physicist James Clerk Maxwell in 1867 stumped scientists for 115 years. And even after a solution was found, physicists have continued to use “Maxwell’s demon” to push the laws of the universe to their limits.

In the thought experiment, Maxwell imagined splitting a room full of gas into two compartments by erecting a wall with a small door. Like all gases, this one is made of individual particles. The average speed of the particles corresponds to the temperature of the gas — faster is hotter. But at any given time, some particles will be moving more slowly than others.

What if, suggested Maxwell, a tiny imaginary creature — a demon, as it was later called — sat at the door. Every time it saw a fast-moving particle approaching from the left-hand side, it opened the door and let it into the right-hand compartment. And every time a slow-moving particle approached from the right, the demon let it into the left-hand compartment.

After a while, the left-hand compartment would be full of slow, cold particles, and the right-hand compartment would grow hot. This isolated system would seem to grow more orderly, not less, because two distinguishable compartments have more order than two identical compartments. Maxwell had created a system that appeared to defy the rise of entropy, and thus the laws of the universe.

“He tried to prove a system where the entropy would decrease,” said Laia Delgado Callico, a physicist at King’s College London. “It’s a paradox.”

Two advances would be crucial to solving Maxwell’s demon. The first was by the American mathematician Claude Shannon, regarded as the founder of information theory. In 1948, Shannon showed that the information content of a message could be quantified with what he called the information entropy. “In the 19th century, no one knew about information,” said Takahiro Sagawa, a physicist at the University of Tokyo. “The modern understanding of Maxwell’s demon was established by Shannon’s work.”

The second vital piece of the puzzle was the principle of erasure. In 1961, the German American physicist Rolf Landauer showed that any logically irreversible computation, such as the erasing of information from a memory, would result in a minimal nonzero amount of work converted into heat dumped into the environment, and a corresponding rise in entropy. Landauer’s erasure principle provided a tantalizing link between information and thermodynamics. “Information is physical,” he later proclaimed.

In 1982, the American physicist Charles Bennett put the pieces of the puzzle together. He realized that Maxwell’s demon was at core an information-processing machine: It needed to record and store information about individual particles in order to decide when to open and close the door. Periodically it would need to erase this information. According to Landauer’s erasure principle, the rise in entropy from the erasure would more than compensate for the decrease in entropy caused by the sorting of the particles. “You need to pay,” said Gonzalo Manzano, a physicist at the Institute for Quantum Optics and Quantum Information in Vienna. The demon’s need to make room for more information inexorably led to a net increase in disorder.

Then in the 21st century, with the thought experiment solved, the real experiments began. “The most important development is we can now realize Maxwell’s demon in laboratories,” said Sagawa.

In 2007 scientists used a light-powered gate to demonstrate the idea of Maxwell’s demon in action; in 2010, another team devised a way to use the energy produced by the demon’s information to coax a bead uphill; and in 2016 scientists applied the idea of Maxwell’s demon to two compartments containing not gas, but light.

“We switched the roles of matter and light,” said Vlatko Vedral, a physicist at the University of Oxford and one of the study’s co-authors. The researchers were ultimately able to charge a very small battery.

Others wondered if there might be less demanding ways to use information to extract useful work from a similar system. And research published in February in Physical Review Letters seems to have found a way to do so. The work makes the demon into a gambler.

The team, led by Manzano, wondered if there was a way to implement something like Maxwell’s demon but without the information requirements. They imagined a two-compartment system with a door, as before. But in this case, the door would open and close on its own. Sometimes particles would randomly separate themselves into hotter and colder compartments. The demon could only watch this process and decide when to turn the system off. In theory this process could create a small temperature imbalance, and therefore a useful heat engine, if the demon was smart about when to end the experiment and lock any temperature imbalance in place, much as a smart gambler on a hot streak knows when to leave the table. “You can either play all night on the roulette table, or you can stop if you win $100,” said Édgar Roldán, a physicist at the International Center for Theoretical Physics in Italy who was a co-author on the study. “We’re saying we don’t need such a complicated device as Maxwell’s demon to extract work in the second law. We can be more relaxed.” The researchers then implemented such a gambling demon in a nanoelectronic device, to show it was possible.

Ideas like this could prove useful in designing more efficient thermal systems, like refrigerators, or even in developing more advanced computer chips, which may be approaching a fundamental limit dictated by Landauer’s principle.

For the time being, though, our laws of the universe are safe, even when placed under the greatest scrutiny. What has changed is our understanding of information in the universe, and with it our appreciation of Maxwell’s demon, first a troublesome paradox, and now an invaluable concept — one that has helped to illuminate the remarkable link between the physical world and information.

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