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Michael Norton, a professor of management at Harvard Business School and a coauthor of the book Happy Money,
Tim Leberecht • The Business Romantic
What’s causing the productivity slowdown? The subject is controversial among economists, and many different answers have been proposed. Some have argued that it’s merely that existing productivity measures don’t do a good job measuring the impact of new technologies. Our argument here suggests a different explanation, that diminishing returns to sp... See more
Patrick Collison • Science Is Getting Less Bang for Its Buck
Most scientists strongly favor more research funding. They like to portray science in a positive light, emphasizing benefits and minimizing negatives. While understandable, the evidence is that science has slowed enormously per dollar or hour spent. That evidence demands a large-scale institutional response. It should be a major subject in public p... See more
Patrick Collison • Science Is Getting Less Bang for Its Buck
The classical idea in economics that competitive-equilibrium pricing maximizes social welfare relies on the assumption that every participant in the market has the same welfare weight—but that’s not the case in markets where there is significant inequality.
Li Jin • Uber and Instacart don’t represent Silicon Valley. Why we’re voting “No” on Prop 22
Paul Krugman | Substack
paulkrugman.substack.com
The take-home message from Schelling’s story—that incentives sometimes backfire—is familiar to psychologists.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Economist Tyler Cowen on How ChatGPT Is Changing Your Job
every.toUnderstanding mental accounts would also improve public policy. Governments can benefit from understanding the concept of mental accounting.
Richard H. Thaler • Nudge: The Final Edition
