The hottest Economics Substack posts right now

And their main takeaways
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Wyclif's Dust β€’ 1499 implied HN points β€’ 24 Feb 24
  1. Mathematics can change the way you think by showing how words correspond to underlying structures.
  2. 2x2 games, like the Prisoner's Dilemma, are simple models that offer powerful insights into cooperation, trade, and decision-making.
  3. Understanding game theory, particularly 2x2 games, can help in analyzing real-world scenarios such as economics, politics, and social interactions.
Noahpinion β€’ 7588 implied HN points β€’ 21 Feb 24
  1. The impact of technological innovation on human welfare depends on how society chooses to use these innovations, highlighting the importance of social decisions.
  2. The book discusses how power dynamics in society influence the choices made regarding technology, with recent decisions leaning towards negative impacts.
  3. Society can shape technology to distribute benefits more widely by focusing on inventions that complement workers instead of replacing them, presenting a controversial but essential concept.
Doomberg β€’ 7175 implied HN points β€’ 20 Feb 24
  1. The human need for energy continues to grow despite various historical crises and catastrophes.
  2. Energy is not just an input into the economy but is actually the foundation of the economy itself.
  3. The idea of peak cheap oil being a crisis is challenged, with the belief that humanity would adapt swiftly to any temporary constraints in energy availability.
Noahpinion β€’ 13000 implied HN points β€’ 17 Feb 24
  1. Pakistan needs stability, privatization, education, foreign investment, and peace to improve its economic situation.
  2. The country is facing a significant debt crisis due to borrowing from organizations like the International Monetary Fund, resulting in a continuous increase in foreign debt.
  3. To escape the debt trap, Pakistan should focus on investing more, especially through privatization, attracting foreign direct investment, enhancing education, and seeking peace and economic cooperation with India.
Brad DeLong's Grasping Reality β€’ 23 implied HN points β€’ 25 Feb 24
  1. Branko Milanovic discusses visions of inequality, highlighting the importance of technological and business-model research and development in market economies.
  2. Shifting expectations of Federal Reserve rate cuts reflect a debate about the impact of maniacal bubbles and policy near-neutrality in a balanced economy.
  3. The need for individuals to stay focused on reality outside media perceptions and the impact of lags in economic understanding discussed by Jeffrey Frankel supporting the idea that perceptions lag behind reality.
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Construction Physics β€’ 27559 implied HN points β€’ 31 Jan 24
  1. Developing a new commercial aircraft is incredibly expensive, with development costs exceeding billions and posing significant financial risks to companies.
  2. Aircraft manufacturers face challenges in predicting market demand and trends, with incorrect guesses leading to financial losses and potentially fatal setbacks.
  3. Given the high costs and risks involved in developing new aircraft, manufacturers often opt to revise existing models to mitigate costs, keep pilot training minimal, and maximize efficiency.
Altered States of Monetary Consciousness β€’ 325 implied HN points β€’ 22 Feb 24
  1. The economy is not separate from the planet, but rather a part of it, with everything deriving from the ecological systems of Earth. This interconnectedness should be a foundational element of economic analysis.
  2. Products we see as separate entities are actually collections of human labor and resources from the planet, with objects being made up of multiple acts of labor combined with natural elements like sunlight, air, water, and food.
  3. The illusion of separation in the economy can hide exploitative practices and hinder our ability to make informed decisions, leading to disconnection, confusion, and alienation. Understanding these interconnected processes is crucial to developing a holistic view of the economy.
David Friedman’s Substack β€’ 179 implied HN points β€’ 22 Feb 24
  1. IQ is heritable and may differ among different races, but claims about the intelligence of Africans remain a topic of debate.
  2. The fiscal impact of immigrants is a complex issue, with data suggesting immigrants from countries with lower national IQ may have negative fiscal impacts in welfare states.
  3. Restricting immigration from low national IQ countries is debated, with considerations about the potential benefits and drawbacks in terms of societal contributions and economic impacts.
Faster, Please! β€’ 1096 implied HN points β€’ 16 Feb 24
  1. Increasing public money for R&D can boost business productivity and private sector investment.
  2. Historically, technological innovation and public R&D have played a significant role in driving economic growth.
  3. There is a correlation between higher public investments in nondefense R&D and long-term increases in total factor productivity (TFP) in the business sector.
Erdmann Housing Tracker β€’ 126 implied HN points β€’ 22 Feb 24
  1. Developers and builders fear the loss in the value of their land investments if political obstructions to construction were lifted.
  2. Rents are unlikely to decline significantly in a whole metropolitan area due to new housing supply - housing demand is inelastic.
  3. Invest carefully in real estate market based on real trends but don't let fears about collapsing rents impact your views on housing justice or macroeconomic trends.
Points And Figures β€’ 799 implied HN points β€’ 16 Feb 24
  1. The author criticizes mainstream media for lacking understanding in economic analysis, particularly in their coverage of immigration and its impact.
  2. The author argues against the notion that illegal immigrants bring economic benefits, highlighting the importance of considering opportunity costs and the true impact on wages.
  3. The author suggests a solution to the issue of illegal immigration by advocating for securing borders and deporting all illegal immigrants, emphasizing the potential cost savings in comparison to housing them.
Concoda β€’ 259 implied HN points β€’ 20 Feb 24
  1. Dollar liquidity remains high with low failures to deliver, stable bond volatility, tight dealer repo spreads, and tightening cross-currency bases
  2. Changes in the Fed's rescue mechanism are upcoming, as discussed in a recent post by Concoda
  3. Exploration of the transformation in the repo market and its potential impact on other dollar markets
The Free Mind β€’ 1375 implied HN points β€’ 10 Feb 24
  1. Sadiq Khan's plans reflect a clear long-term vision, gradually changing private car ownership and lifestyle expectations.
  2. Cities like London are aiming for radical changes by 2030 to combat global warming, pushing for zero meat, dairy, and limited clothing consumption.
  3. The concept of 'radical incrementalism' involves small changes leading to significant impacts in shifting public behavior, like the introduction of pay-per-mile road charging.
Faster, Please! β€’ 1188 implied HN points β€’ 10 Feb 24
  1. Nuclear power needs to be developed faster and at a lower cost to be a reliable energy source for the future.
  2. New generations of reactors, like small modular ones, are emphasized for the advancement of nuclear energy.
  3. Building nuclear power plants faces significant delays and challenges globally, hindering progress in the industry.
Points And Figures β€’ 666 implied HN points β€’ 13 Feb 24
  1. Inflation might be higher than reported due to isolated evidence like price increases in certain sectors.
  2. The government's policies are putting strong inflationary pressure on the economy, impacting various sectors and housing market.
  3. Business news sources may have biases and push narratives, so it's important to seek objective insights for informed decisions.
cryptoeconomy β€’ 1493 implied HN points β€’ 02 Feb 24
  1. There will not be durable deflation in the future unless major changes happen to the dollar or the Federal Reserve.
  2. Technology like AI can lead to deflation by lowering prices, but central banks like the Federal Reserve counteract this by absorbing the deflation.
  3. A special type of bad deflation occurs when dollars are taken out of circulation, often due to events like financial panics, leading to economic challenges.
Faster, Please! β€’ 822 implied HN points β€’ 08 Feb 24
  1. There are signs of a significant economic transformation with productivity growth outpacing historical averages.
  2. The American economy may be experiencing a new productivity boom, setting it apart from other advanced economies.
  3. The recent productivity upshift is likely a response to a tight hiring environment, prompting firms to boost efficiency and automation.
Sparks from Culture by David Roberts β€’ 1179 implied HN points β€’ 03 Feb 24
  1. Modern American capitalism has constrained many lives, leading to angst and a pursuit of more slow-paced lives.
  2. E.M. Forster's 'Howards End' explores the conflict between inner and outer ways of life, highlighting the impact of capitalism on personal relations and daily duties.
  3. There is resistance to hyper-capitalism in modern America, with a growing push for a slower life, nature, and emphasis on inner values.
The Liberal Patriot β€’ 1238 implied HN points β€’ 02 Feb 24
  1. Economic inequality has worsened since the 1980s impacting many working Americans.
  2. The decline in two-parent households among lower-income families has led to increased inequality and social mobility issues.
  3. Improving economic prospects for less-educated men could positively impact childhood outcomes and overall development standards.
Erdmann Housing Tracker β€’ 84 implied HN points β€’ 20 Feb 24
  1. The Case-Shiller home price index shows Miami hitting new highs while San Francisco has been declining.
  2. Both San Francisco and Miami have low housing production, with Miami consistently slightly higher in construction than San Francisco.
  3. San Francisco's construction activity seems to be waning, despite expectations for increased housing due to YIMBY wins and new state laws.
Where's Your Ed At β€’ 25075 implied HN points β€’ 19 Oct 23
  1. Marc Andreessen wants to portray himself as a victim despite his immense success and wealth.
  2. Andreessen promotes a vision of continuous technological advancement, but his actions and investments often prioritize maintaining the status quo.
  3. Andreessen's manifesto is filled with contradictions and hypocrisy, advocating libertarian economic thinking while benefiting from government intervention.
The Lens β€’ 825 implied HN points β€’ 04 Feb 24
  1. Many students were inspired to study economics after reading 'The Deficit Myth' by Stephanie Kelton.
  2. Students at the Warwick Economics Summit showed interest in integrating MMT and ecological economics.
  3. Torrens University offers online postgraduate courses in Modern Monetary Theory and Ecological Economics.
Global Inequality and More 3.0 β€’ 540 implied HN points β€’ 05 Feb 24
  1. James Burnham proposed the concept of 'managerialism' as a replacement for capitalism, where managers rule while capitalists take a passive role.
  2. Burnham's predictions were proven wrong, but his analysis of the shift towards managerialism and the role of state in the economy remains relevant for reflection.
  3. Despite Burnham's inaccuracies, his ideas on managerial revolution and the potential for alternative economic systems in the future can still offer valuable insights.