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13 results
Said and published
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Economists should be worried about birth rates
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…a co-founder of "Economistes atteres", a French association of heterodox economists, definitely not a neo-liberal…
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Pushing development economists onto the big questions risks pressing them to pretend they have big answers.
So we should be careful that exhortations for development economists to focus on the Big Questions don’t pressure them to pretend that they have the Big Answers.
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Hybrid work doesn't just boost productivity. It leads us to reproduce more too. Economists find that when remote work opportunities rise, fertility rates do too. For every 3 couples that work from home at least a day a…
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Development economists can contribute far less to a poor country’s growth policy in real time than either they or their critics assume.
…view, I think we should be humble about how much we expect development economists to be able to contribute to developing countries’ growth policies in real…
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What Investors Really Want — Meir Statman
Meir Statman, one of my favorite behavioral economists, has written a great book on how investors can overcome their base urges and make better decisions:
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It is better for researchers to study something knowable than something unknowable, even when the knowable question matters less.
The counterargument here — which I made in 2020 and which a number of economists made in response to JFV’s post — is that it’s better to study something knowable than to study something unknowable, even if the knowable…
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College is not a good career investment for most of the population.
Despite misleading statements by mainstream education economists, college attendance in particular is not a good career investment for most of the population.
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The sharp steepening of the long end of the yield curve in 2023 was not predicted by economists, including forecasters who had modelled persistently low safe rates.
It is fair to say that, while economists expected the short end of the yield curve to reflect the higher rates needed to win the fight against inflation, the sharply steeper long end of the yield curve in the last few…
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Streets of Gold: America's Untold Story of Immigrant Success — Leah Boustan & Ran Abramitzky
Absolutely. It is incredibly enjoyable and readable. The authors, in a way that is very rare for economists, find small stories that paint big pictures for the points they make.
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Why Nations Fail — Daron Acemoglu & James Robinson
Why Nations Fail is by two of my favourite economists, two very close friends and co-authors of mine, Daron Acemoglu and James Robinson. They're tackling a subject that I've worked on with them, and they do a great job…
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Competition that removes differentiation makes everyone worse off, because it assumes people already know what they want.
economists have this fantasy of the world of companies in direct competition driving down price and increasing efficiency while supplying the same thing which is based on a false premise that people know what they want…
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Technology is a lever on the world -- the way to make more with less -- and productivity growth is the main driver of wages, industries and jobs.
We believe technology is a lever on the world – the way to make more with less. Economists measure technological progress as productivity growth: How much more we can produce each year with fewer inputs, fewer raw…