Jack Meyer 🏛️

Economist. Researching Institutions, Intellectual Property, Innovation, and Inequality. MPhil Student, on leave from @OxfordEconDept, MSc @LseEcHist (RT!=E)

[Jack Meyer 🏛️ @Jackbmeyer]

Here it is, the article you’ve all been waiting for: https://t.co/u8dMP16EKn

[Jack Meyer 🏛️ @Jackbmeyer]

I’ve been holding off in pursuit of other topics, but I think it’s about time I write a “why institutions” article

[Sander Tordoir @SanderTordoir]

Semantics are an always nice touch.

Germany, France, Sweden have sectoral specialisations but don’t collectively build 50+ per cent of global capacity in industries, detached from demand.

Unlike China they also still do imports both within and in other sectors.

1/

[Jack Meyer 🏛️ @Jackbmeyer]

A classic mistake, but actually my research on 18th century patent law will definitively reveal the optimal formulation of intellectual property rights as an innovation-promoting institution and thus bring about a golden age of technology-driven growth and prosperity

[Hayashi Heikichi @lianda_edu]

Professors always think their own research is incredibly important. "Come look at my paper—I’ve discovered a profound truth!"Yet technologies that truly advance humanity, like faster-than-light starships and controlled nuclear fusion, won’t progress even one iota because of this paper. Most papers are read only by the editor and the two reviewers—three people in total—and top journals are no exception.

[Jack Meyer 🏛️ @Jackbmeyer]

"Go into debt if you have to," and yet, under efficient market conditions, capital structure does not affect valuation

[Jack Meyer 🏛️ @Jackbmeyer]

Unfortunately, substitution effects dominate

[Ali Rohde @RohdeAli]

Honest question: is literally anyone working *less* hard bc of AI?

[Jack Meyer 🏛️ @Jackbmeyer]

@nassaujuan Many fail to realize this

[Jack Meyer 🏛️ @Jackbmeyer]

“With a navy suit you shoes should be a dark brow-“

[Jack Meyer 🏛️ @Jackbmeyer]

Giving rules-based style commentary often means committing the unforced error of revealing that the commenter themself has a limited perspective on conventions of professional attire

[Jack Meyer 🏛️ @Jackbmeyer]

@brian_callaci No problem at all if your trousers fit

[Jack Meyer 🏛️ @Jackbmeyer]

Giving rules-based style commentary often means committing the unforced error of revealing that the commenter themself has a limited perspective on conventions of professional attire

[Leighton @lay2000lbs]

Summer interns have landed in nyc

(I did help him out after taking this)

[Chirag Lala @CtheLala]

Services generally still see this kind of casual cross-partisan hate (especially relative to manufacturing!). All despite having demonstrated significant productivity growth in the last few years!

Don’t even get me started on finance.

[Grayson Flood @grayson_flood]

@AOC's Geothermal Cost Recovery Act has once again passed the house along with a bunch of great, bipartisan geothermal legislation.

The bill would enable Interior to conduct cost recovery with geothermal devs, just like it does with natural gas, to expedite permitting.

[Jack Meyer 🏛️ @Jackbmeyer]

@jumpingjehovahs Thinking more about the commentary, lot of responses not giving very good advice

[Jack Meyer 🏛️ @Jackbmeyer]

@WillCJohns That is not a very good list lol

[Jack Meyer 🏛️ @Jackbmeyer]

@WillCJohns It’s not great, more so reflecting on the lists of “rules” posted in response

[Jack Meyer 🏛️ @Jackbmeyer]

@SFSEgo Yes, but I’m seeing a lot of folks very confidently posting the wrong rules

[Jack Meyer 🏛️ @Jackbmeyer]

Comparative macroeconomics is always and everywhere a measurement phenomenon

[Jack Meyer 🏛️ @Jackbmeyer]

The Vermonter

[Phil Hoyeck @PAHoyeck]

Since everyone is sharing their favourite American authors, who is the best American philosopher?

[Jack Meyer 🏛️ @Jackbmeyer]

“Finance bro,” or even “econ bro,” is a bit of a misnomer. Really I prefer “quantitative social sciences bro”

[Olivier Blanchard @ojblanchard1]

On the Krugman/DeLong/Aghion/Garicano/Bergeaud/et al debate on the central issue of pty US/EU.

Let me admit my total confusion (am I the only one?). There seems to be at least three relevant measurement dimensions: PPP prices versus national prices. Quality adjustments for each. Current versus constant prices. The discussions seem to mix them in various ways. And different concepts: productivity growth, standard of living, consumer surplus.
My plan is to sit down and understand it all. But I am not there.