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Defining the Unemployment Rate
An updated version of our Marginal Revolution University (MRU) video on defining the unemployment rate. Free to use for anyone but goes best, of course, with Modern Principles of Economics, the best principles of economics textbook.
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Bundesrepublik Deutschland
At times we forget what an amazing wonder the Bundesrepublik Deutschland was. At the end of the World War II, Germany was one of the sickest and cruelest human societies in history, ever. Not too many years later, it was one of the best and most successful societies ever. By the 1980s, living standards had
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AI in science
Scientific progress is a key driver of economic growth and prosperity. There is great excitement- but also concerns- about the impacts of AI on science, but so far little data. We provide early insights on this from three data sources: a sample of 15 million Gemini interactions, an inventory of over 2,600 specialized AI models
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Sunday assorted links
1. AI-related efforts in higher education in Morocco (ChatGPT). 2. Intelligence explosions are social. 3. The speech-processing skills of dogs. 4. Kalshi market in economics Nobel. 5. Why are Indian weddings with dancing gorillas going viral? Pakistan too. 6. Eminem, and some German guy. 7. On the UAP council. 8. On higher interest rates.
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Earth fact of the day, #2
The shortages have gone on for so long that they are aggressively driving down how much carbon is being released into the atmosphere, a Washington Post analysis of data from the International Energy Agency shows. People worldwide are using significantly less oil and gas, which means less climate pollution… Such an annual decline has not happened since
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The Federal Lands: An Economic Property Rights Perspective
The US federal government owns and administers 472,892,659 acres or 21% of the land area of the lower 48 states, the country’s largest landowner. The resource is held and managed as a collective resource, the Federal Lands, through political and bureaucratic interpretation of the Multiple Use principle and generally, the biological aim of maximum sustained-yield.
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What should I ask Terence Tao?
Yes, I will be doing a Conversation with him. And he has a new book coming out Six Math Essentials. So what should I ask him?
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Saturday assorted links
1. One way to use screens less, will it catch on? 2. Roon as cultural critic. 3. The Greenland deal sounds pretty good for America? 4. The cultures that are New England? 5. Yet newer results on AI-driven labor demand. 6. Ayn Rand as movie extra.
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Should you text more?
Here, in five waves of panel data (N = 1,966 US adults), we examined associations between life satisfaction and self-reported use of ten common social technologies measured every 3 months on a six-point frequency scale from ‘I did not use’ to ‘multiple times daily’. At this measurement level and timescale, Bayesian and frequentist random-intercept cross-lagged panel models showed
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A doomsday scenario for American AI
That is the title of my latest Free Press column, here is the closing bit: Sick and elderly Americans will go to Chinese companies for their AI-invented and AI-tested medical devices and drugs. America still will be a wealthy country, so China will charge the highest prices possible, yet prioritize Chinese citizens for treatment. Large
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Good points from James Gilliland
It pains me to say this, but if we actually “get AGI,” the resulting boom in industrial capacity from robotics and massive society-wide wealth creation will look like a total vindication of neoliberalism. The discourse about financialization and offshoring being a generational mistake may be replaced by a very different historical interpretation: that the late
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Friday assorted links
1. “We find a significant and highly robust empirical relationship between gender conservatism and protectionism. That relationship has been evident since 2008 and it decidedly is not a product of Trump-era politics.” 2. More than half the world’s top AI talent comes from China. 3. Argentina now at 1.0, Mexico at 1.2. 4. China is
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My Dreadful Body
By Egana Djabbarova of Azerbaijan. A wonderful short novel, and as described by Olga Grjasnowa “An extraordinary novel that translates corporality and estrangement into language.” Here is the Amazon link. This has been a fantastic year for fiction, and in November I will be writing up a report.
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Armenia notes
I strongly recommend a trip to Armenia, now is a great time to go. Here are a few things I noticed: 1. The country remains intellectual. The book fair is well attended. The classical music season is excellent, with good concerts multiple times a week, and the theatre scene, in both Armenian and Russian, is
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Peter Thiel on AI and tech stagnation
Lots of fresh material, one of the very best Peter Thiel outputs.
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Earth fact of the day
An average of 72 percent of respondents said they felt curious, happy or excited about A.I., compared with 41 percent who felt worried, sad or angry.’@nytimes‘s Damien Cave uses @Gallup data to remind us the rest of the world digs AI. It is 93 percent positive from China. That is from Nick Gillespie. Snap out of it
Your future wife should still take your last time Part 2
I wrote back in 2018 that Your future wife should be happy to take your last name. Seems like that one has proved to be true, at least according to the April IFStudies statistical analysis. All images copyright to IFStudies Interestingly, they grouped the couples where the man took the woman’s last name in with the ones where woman took the man’s last name as it was probably too hard to figure out which without a deeper analysis. However, even with that there’s a difference.
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Thursday assorted links
1. Shruti on Coltrane. 2. On the drop in Pisa scores. Quite exaggerated, it turns out. 3. Hope you all reoptimize your views accordingly, on AI agreements with China. 4. Dutch economy is picking up. 5. One professor’s AI-assisted output. Hey people, solve for the equilibrium… 6. Brisket is now too expensive for this Texas
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CA 91326: A Public Choice Mystery Investigation
Carl Danner writes to me with a political economy mystery. On Sept 9, 2026, The California Public Utilities Commission announced a set of clean energy grants but only “for eligible organizations headquartered in ZIP Code 91326.” I decided to investigate with ChatGPT. The first thing we discovered is that: The ZIP-code restriction is about the
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Fear of Data
The author is Omri Ben-Shahar, and the subtitle is How Privacy Panic Led Tech Regulation Astray — and How to Fix It. I would describe this book as bracing, and full of substantive engagement. Basically the author wishes to give privacy considerations less weight in social decisions. Excerpt: What is the concrete evidence for the
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