Sublime

providing a guaranteed basic income

Two great problems in Economics Allocation in the Economy Quantities: General equilibrium, international trade, game-theory outcomes . . . Formation in the Economy Processes: Of econ development, discovering novel technologies, structural change, arrival of new institutions, temporary phenomena like bubbles, crashes . . . The former is mathematizab

These people’s wealth is determined almost exclusively by how high they can push flows — stocks and rates of return be damned. Everybody else is left with low or negative real returns and depleted stocks of capital and wealth. This is why GDP growth can be positive, while almost everybody feels poorer. Almost everybody is poorer. Objectively so. Th

Using a novel firm-level dataset...covering 70 years (1950-2020), I estimate the impact of the decline in public R&D in the US on long-run productivity growth. I use two instrumental variable strategies...to estimate the impact o

o Conselho Monetário Nacional (

Markets become inefficient when one of these conditions is violated, and the most likely condition is almost always lack of diversity. We are social animals. Instead of believing different things, we correlate our beliefs.

The negative effects of unions have been wildly overstated, and there is now evidence that they play a role in boosting company productivity, for example by reducing turnover.[19] The American economy is less productive today than it was in the postwar period, when unions were at peak strength. The economies of other rich countries have slowed as w