Arnold Kling

Economist, author of several books, including The Three Languages of Politics and Specialization and Trade.

[Arnold Kling @KlingBlog]

@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

[Arnold Kling @KlingBlog]

From the War on Iran to the Crisis of the American Republic https://t.co/ZTqYBLNt5b

[Arnold Kling @KlingBlog]

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

[Arnold Kling @KlingBlog]

https://t.co/IOpNW64JKY Tim Kane's game to illustrate electoral politics. I played and lost, but it's a cool app

[Deirdre Nansen McCloskey @DeirdreMcClosk]

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....

[Arnold Kling @KlingBlog]

Moltbook: at the very minimum, it is an entertaining science fiction story being written incredibly quickly. At the maximum, ??? @moltbook

[Arnold Kling @KlingBlog]

@clumma @patrickc The Great Depression also had massive structural effects. Nobody went back to doing the jobs that were lost in the early 1930s

[Arnold Kling @KlingBlog]

Find it here: https://t.co/5LomH7Vra8

[Arnold Kling @KlingBlog]

"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)

[Arnold Kling @KlingBlog]

Invisible Wealth. Of 10 economists interviewed, 4 had won Nobels. Now it's up to 6. A remarkable book, if I may say so myself (3)

[Arnold Kling @KlingBlog]

I describe the process more here: https://t.co/RmrJMJ0WNR

[Arnold Kling @KlingBlog]

I created this in just a few hours, using Replit, without having to write any code myself. https://t.co/nJki4nNAUQ

[Arnold Kling @KlingBlog]

@glenweyl @curtis_yarvin Require chess clocks

[Arnold Kling @KlingBlog]

@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 ;)

[Arnold Kling @KlingBlog]

how Claud would prompt YOU

[Arnold Kling @KlingBlog]

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

[Arnold Kling @KlingBlog]

Transforming Education: AI-Powered Seminar Learning at Scale, by @KlingBlog https://t.co/M0GcOuEtyg

[Arnold Kling @KlingBlog]

@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.

[Arnold Kling @KlingBlog]

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.”