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In this problem:

Management team diversity and corporate performance: Since 2015, McKinsey & Company has published a series of highly influential studies asserting a positive relationship between executive racial/ethnic diversity and corporate performance. did. Jeremiah Green and John Hand explain why McKinsey’s findings can’t be verifiedAnd when they did a kind of replication using the S&P 500, they instead found that there was no relationship between executive racial/ethnic diversity and performance. (Note: The McKinsey authors were not asked to respond about simultaneous publication because this article was completed too late. They have been asked to respond in a future issue.)

Temperature~economic growth: We have previously tested claims about temperature rise in this journal (here, hereand here), David Barker reports On his investigation into a highly cited incident in 2015. Nature Article by Marshall Burke, Solomon Hsiang, and Edward Miguel. Barker once again argues that the claims in the commented article are untenable. (Note: Professors Burke, Shang, and Miguel were not asked to respond to simultaneous publication because this paper was completed too late. They will be asked to respond in a future issue.)

5% limbo bar has too much swinging below it: Tom Engstead revisits the replication crisis and argues that: This means that we need to increase the difficulty of claiming “statistical significance.”

Reconsidering hypothesis testing using Sharpe ratio: Michael O’Connor argues that comparing the Sharpe ratios of different investment options is not as simple as it is made out to be in the academic finance literature. He cautions that there is no analytical method that increases the power of a test of statistical significance because power is an inherent property of statistics. Using simulations and other analyses, he shows that “at low power, the best estimators perform as well as random number generators,” and advises: “Investors need to understand the Sharpe ratio of portfolio managers and other managers as well.”

What caused the famine in Ukraine in the early 1930s? In the previous issue, Mark Tauger discussed The works of Natalia Naumenko, and Naumenko answered. here, Tauger rejoins.

ergodic economics: Before, Matthew Ford and John Kay comment About ergodic economics, and I got a reply Written by Oliver Hulme, Arne van Houwegen, Colm Connaughton, Ole Peters, Simon Steinkamp, ​​Alexander Adamou, Dominik Bauman, Vincent Ginis, Bert Verbruggen, James Price, and Benjamin Skjord. here, Ford and Kay reuniteargue that “our criticisms of ergodic economics remain unanswered.”

Russian classical liberalism: What is offered here is the intellectual and political history of classical liberalism in Russia. The author is Paul Robinson, who has published the following books: Russian conservatism and russian liberalism. This story features such notable figures as Semyon Desnitsky, Alexander Kunitsyn, Konstantin Kavelin, Boris Chicherin, Boris Burtkus. (1857 essay by Chicherin Published in the previous issue of this magazine. )

Greek Classical Liberal Think Tank, 1974-2024: Konstantinos Saravakos, Georgios Archontas, and Chris Loukas provide a guide to the direction of liberal thought and movement in Greece. After some foregrounding, they take up his 1974 story, focusing in particular on the entry, exit, character, activities, and influence of liberal think tanks in Greece. The authors are affiliated with one of his institutions, the Center for Liberal Studies (KEFiM).

Trygve Hof’s complaint against Ragnar Frisch: Liberal economist Trygve Hof appeals to fellow Norwegian and future Nobel laureate Ragnar Frisch to tone down his economic interventionism. His four letters of theirs, written in 1941, are translated and introduced by Hannes Gissurarson.

Christianity changes the landscape of government.: 3 short chapters ancient city This book by Fustel de Coulanges (1830–1889) explores the book’s key ideas about the composition of ancient polytheism and how the universal benevolence of the gospel of Christian monotheism would eventually spell out a new world. I’ve captured some. “[T]Alas, following Caesar is no longer the same as following God. ” The book was originally in French and first published in 1864.

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