@daniel_dsj2110 Skidelsky on Keynes (the full three volumes, to get the influence of anti-Victorianism on Keynes' outlook); Perry Mehrling on Fischer Black, captures the fascinating person and his original thought
From the War on Iran to the Crisis of the American Republic https://t.co/ZTqYBLNt5b an insightful and pessimistic tour d'horizon from @nfergus among the UATX students that appear are two who were in my class in the Jan-March term
A dominant paradigm these days in economics is “neo-institutionalism.”
Pushed for decades by Douglass North (1920–2015; Nobel 1993) and now the orthodoxy at the World Bank.
It says, like a recipe book, “Add institutions and stir.” Institutions such as sharecropping or land reform or modern courts are seen as causal.
Much of the evidence is historical. Much of it is mistaken.
My latest column for @folha....
"if somebody put a gun to my head and said, “define technology,” what would I say? And the only answer I could come up with that really satisfied me was that it’s something in our own heads. " (1)
@turing_hamster I don't think that this scales well. As an organization gets large, people voting don't know the person that they are voting on. Even in a small organization, unless I'm hurting your productivity, why do you care? if the manager needs this tool, then fire the manager ;)
Instead of having a panic about students cheating with AI see how you can teach using AI. https://t.co/bFJAqlTO4Y a prototype seminar pick the chapter on game theory make sure to ask a question and see the responses
@johnarnold Enron's financial engineering was functionally like writing put options on its stock in order to boost earnings. This turned a decline in the stock price into a doom loop. GE did not do that.
Tonight at 6 PM New York time, Moses Sternstein and I are planning to go on substack live. He wants to talk about Warren Buffett’s idea of “import certificates”and I want to talk about financial markets from the perspective that I call “total paranoia.”