The hottest Economic Models Substack posts right now

The left often avoids discussing difficult trade-offs because they don't want to upset their supporters. This can lead to a lack of solid plans when they gain power.
There's a problem with administrative spending in universities that the left doesn't address openly. Many unnecessary positions could be cut, but it’s a touchy subject.
Pessimism about the left’s ability to create real change stems from a reluctance to make tough decisions. They need to start thinking about practical economic planning to be effective.

Wars aren't always won by the richest countries. Sometimes, less wealthy states focus more on military spending and fighting, giving them advantages in conflict.
Countries that struggle economically may prioritize making weapons and preparing for war, using their limited resources to specialize in conflict instead of production.
Trade and economics are deeply connected to politics. In a world with no clear authority, countries often use military power to protect or expand their economic interests.

The writer has paused billing for their Substack and is offering full refunds to all paid subscribers. They believe it's fair since they haven't been able to provide valuable content recently.
Health challenges impacted the writer's ability to consistently focus on their Substack. They want to put their health first instead of feeling pressured to deliver content.
The writer plans to continue writing occasionally, focusing on joy instead of obligation. They appreciate the support they've received and are thankful for their subscribers.

The Money Interest holds real power over the planet and must be challenged by focusing on monetary policy.
The economic model discussed highlights the need to shift focus from attacking the 99% for consumption to holding the 1% accountable for overproduction.
To mobilize the majority for change, we must shine a light on the finance sector, educate ourselves on monetary policy, and focus on challenging the 1% instead of the 99%.

Increasing population growth is crucial for economic and technological progress
People have increasing returns and can drive economic growth by sharing ideas
Population growth is fundamental for economic growth and technological progress based on empirical evidence

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Economics is better appreciated as a history of thought rather than an explanatory science.
Fischer Black simplified complex financial models to focus on crucial elements.
The concept of 'noise' in the financial markets affects our ability to predict returns and understand economic variables.

Recycling requires a lot of energy. To make recycling effective, we need to ensure we have enough energy left over for future use, not just for recycling now.
Repurposing items can be costly at a large scale. It's often cheaper to produce new items because mass production is more efficient than repairing unique, broken items.
The main focus should be on reducing waste, not just on conserving resources. Waste creates urgent problems like pollution and health issues, which need more attention in discussions about sustainability.

It's important to realize that real-life data often doesn’t follow normal patterns and can have unexpected jumps and surprises.
While it's essential to be aware of unpredictable events (black swans), we shouldn't stop planning or forecasting our future.
We should use our best judgment to value assets, keeping in mind that shocks can occur, and we need to account for these risks.

Time isn't always the same for everyone. There's regular time for coordination and a deeper, personal sense of timing that shapes our experiences.
The concept of 'kairos' highlights the right moment to take action - it's about finding those critical opportunities in life.
Financial markets show that prices reflect collective disagreements and decisions. They hold important information about how people view value over time.

Expectations are key to economic models because they shape how people behave and react to changes in the economy. For example, if people expect prices to rise, they may ask for higher wages.
There is confusion about whether expectations tend to overreact or underreact to information. Evidence shows that expectations can do both—people might overreact to recent events but underreact to larger economic trends.
Bias in expectations is often studied, but noise—random fluctuations and errors—is just as important and can affect forecasts significantly. Understanding both can help improve how we predict economic outcomes.