It would be fair to say that 2024 Nobel Prize winner Daron Acemoglu has been a bit of a sceptic about the impacts of generative AI (for example, see here). This scepticism is exemplified in a new paper forthcoming in the journal Economic Policy (ungated earlier version here). Acemoglu first notes that:Some experts believe that truly…
Daron Acemoglu expects only a tiny macroeconomic impact of AI
Daron Acemoglu expects only a tiny macroeconomic impact of AI
26 Jan 2025 Leave a comment
in applied price theory, economic growth, entrepreneurship, industrial organisation, labour economics, labour supply, macroeconomics, unemployment
A Wartime Natural Experiment About Copyright
26 Jan 2025 1 Comment
in applied price theory, comparative institutional analysis, defence economics, econometerics, economic history, economics of education, economics of information, economics of media and culture, economics of regulation, industrial organisation, law and economics, politics - USA, property rights, war and peace Tags: patents and copyrights, World War II
One of the hardest questions in copyright policy is: “What would have happened otherwise?” When Disney lobbies for longer copyright terms or academic publishers defend high subscription fees, we struggle to evaluate their claims because we can’t observe the counterfactual. What would happen to creativity and innovation if we shortened copyright terms or lowered prices? […]
A Wartime Natural Experiment About Copyright
Net Zero Is Unstoppable–Says Ed Miliband
26 Jan 2025 Leave a comment
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, climate activists, climate alarmism
By Paul Homewood Justin Rowlatt is not the only deluded clown, when it comes to Net Zero. The idiot Miliband has warned President Trump that Net Zero is unstoppable. The Telegraph report: Ed Miliband has warned Donald Trump that the rise of net zero is “unstoppable”, just hours after the President vowed to […]
Net Zero Is Unstoppable–Says Ed Miliband
Barrett-Lite: The Supreme Court Takes Up Major New Religion Clause Case With One Notable Exception
26 Jan 2025 Leave a comment
in economics of education, economics of religion, politics - USA Tags: Freedom of religion, School choice
On Friday, the Supreme Court agreed to review a potentially blockbuster religion clause case in Oklahoma Charter School Board v. Drummond. However, there is a catch. While the lawyers representing St. Isidore of Seville Catholic Virtual School may need every vote they can get in this heaving contested area, they may have to prevail without Justice […]
Barrett-Lite: The Supreme Court Takes Up Major New Religion Clause Case With One Notable Exception
Quotation of the Day…
25 Jan 2025 Leave a comment
in applied price theory, economics of information, industrial organisation, Milton Friedman
Tweet… is from page 224 of Milton & Rose Friedman’s great 1980 book, Free To Choose: What about the claim that consumers can be led by the nose by advertising? Our answer is that they can’t – as numerous expensive advertising fiascoes testify. One of the greatest duds of all time was the Edsel automobile,…
Quotation of the Day…
Koonin: Reckless Claim of Climate Emergency
25 Jan 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: climate activists, climate alarmism
Transcript Hubris is a Greek word that means dangerously overconfident. Based on my research, hubris fairly describes our current response to the issue of climate change. Here’s what many people believe: One: The planet is warming catastrophically because of certain human behaviors. Two: Thanks to powerful computers we can project what the climate will be […]
Koonin: Reckless Claim of Climate Emergency
How to Visit India for Normies
25 Jan 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, growth miracles, international economics Tags: India
In the comments to my post, India has Too Few Tourists, many people worried about the food, the touts and the poverty. Many of these comments are mistaken or apply only if you are traveling to India on the cheap as an adolescent backpacker (nothing wrong with that but I suspect the MR audience is […]
How to Visit India for Normies
Trump’s new sex and gender policy
25 Jan 2025 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - USA, property rights Tags: free speech, law and order, political correctness, regressive left, sex discrimination
If you want to see a compilation of all of Trump’s executive orders, you can find links here that will take you to the contents of the official orders. I’ve talked about the new rules on sex and gender before, but wanted to discuss them again, briefly. Click the screenshot below to see Trump’s EO […]
Trump’s new sex and gender policy
David Seymour – Quote Of The Year – Update.
24 Jan 2025 Leave a comment
in liberalism, politics - New Zealand
I have just finished watching ACT Leader David Seymour’s State Of The Nation Speech and in it he produced this absolute gem: Yes we joined the Government But we did not join in the group think. I think it will stand the test of time and still be quote of the year on 31 December […]
David Seymour – Quote Of The Year – Update.
I like maps
24 Jan 2025 Leave a comment
in defence economics, economic history, international economics, International law, war and peace Tags: Nazi Germany, World War I, World War II
Britain’s Turn to be Dunkelfucked
24 Jan 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, wind power
First it was Germany discovering the expensive failure that is wind power, now Britain: Wind power has collapsed to less than 1pc of Britain’s electricity supply as some of the stillest weather in years hits the UK and Europe.***Near-zero wind speeds and low temperatures have left the UK dependent on France, Norway, Belgium and Denmark to […]
Britain’s Turn to be Dunkelfucked
The Tennessee-BlackRock Settlement: A Win for Transparency and Investor Interests
24 Jan 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, financial economics, global warming, law and economics, politics - USA, property rights Tags: active investing, climate activists, climate alarmism, efficient markets hypothesis
While no settlement is perfect, this agreement represents a significant victory for transparency, accountability, and the integrity of financial markets. For Tennessee investors—and indeed, all investors across the country—it’s a step in the right direction.
The Tennessee-BlackRock Settlement: A Win for Transparency and Investor Interests
Inflation (but not that sort)
24 Jan 2025 Leave a comment
The CPI will be out later this morning and I’m sure all eyes will be on that. But the Prime Minister’s reshuffle on Sunday prompted thoughts about inflation of another sort – the number of ministerial portfolios/titles in our executive government. When the reshuffle comes into effect on Friday there will (still) be 30 members […]
Inflation (but not that sort)
Nazispolozza: The Left’s Third Reich Mania Collapses into Comedy
24 Jan 2025 Leave a comment
in politics - USA Tags: 2024 presidential election
Below is my column in the New York Post on the latest attack on Elon Musk from the left. There is a mania on the left in calling people with opposing views “Nazis” and referencing the Third Reich. The left has jumped the Nazi shark in this rhetoric as the public tunes out these increasingly […]
Nazispolozza: The Left’s Third Reich Mania Collapses into Comedy
Utopia, you are standing in it! 
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