Christopher Sandmann

Two reforms could help. Network charges do not reflect marginal energy costs and should not be levied on industrial electricity prices. And the cost of building energy infrastructure — nuclear above all — must come down through planning reform. Read the full post for more. (9/9)

Will more renewables bring prices down? Prices are set by contract-for-difference strike prices. The latest auction locked in £94.6/MWh for offshore wind—a 26% premium over an elevated £75/MWh wholesale price. Even UK solar, at £67.6/MWh, would have been cheaper. (8/9)

New on @LSEpoliticsblog: UK real wages have stagnated since 2008. The conventional explanations —skills, investment, infrastructure—don't explain the timing. I argue that rising industrial energy costs are the overlooked channel. A thread (1/9) blogs.lse.ac.uk/politicsandpol…

@WespiMarcel @SHomburg Die Proto-EU war kein amerikanisches, sondern ein katholisches Projekt pan-europäischer Politiker: De Gasperi, Schuman und Adenauer. Diese erkannten die Fehler nach dem ersten Weltkrieg und begannen, was zuvor schon angestrebt wurde. Details hier: theholdupproblem.substack.com/p/the-price-of…

@SHomburg Ja das sage ich schon lange, dass die EU ein Konstrukt der Amerikaner ist. Will mir nur niemand glauben…

Stimmt, die USA schufen EU und NATO, um Deutschland einzuhegen. Und Frankreich griff diese Idee begierig auf. Leider hat jahrzehntelange Gehirnwäsche dazu geführt, dass die meisten Deutschen das nicht verstehen.

@SHomburg Westintegration und Nato haben Deutschland, unter weiser Voraussicht Andenauers, die Wiedervereinigung und erneuten Wohlstand ermöglicht.

My thoughts on why ideological war prevails in spite of the assumed end of history. Read here for the full post: open.substack.com/pub/theholdupp…

"The faithful work fewer market hours, but a greater number of non-market hours caring for others. This very shift toward non-market activities—including childrearing—may be precisely what matters for fertility." @ChPSandmann, London School of Economics

A 2% increase in GDP per capita raises fertility by 0.0081—the same effect as a mere 1.12 percentage point increase in the share of women who pray. This suggests that faith is as important—if not more so—than economic fundamentals in determining fertility rates. @ChPSandmann

Could a highly desirable agent accept a partner that a less desirable agent would reject? When matching requires search in time-changing environments, this paper proves this impossible only where more desirable agents are more patient and less risk-averse. econometricsociety.org/publications/e…

@THEtruthabtzio @leonardaisfunny Remember 2000? The second Intifada? More than 1000 Israelis killed. How did Israel feel? Suffering from evil. But the West condemned her building a wall that kept terrorists out. I doubt the dance. But I can imagine relief: we are not the only victim. Now America understands us.

What was our greatest ally doing at that time?

I think I've found my niche🎵: I might just have become the world's first to compose a song on the 1st welfare theorem. Listen here: soundcloud.com/christopher-sa…

Delighted that today's post merited this beautiful comment on market and non-market activities and Baumol's disease from Christopher Sandman. I could not fully paste the whole comment, go to the Silicon Continent for the rest. siliconcontinent.com/p/can-ai-solve…

@lugaricano Thank you for sharing my comment! I think the uplifting part is the less pessimistic reading of Baumol's cost disease. Caring need not become more productive. It is part of leisure! My economic outlook for Europe is less uplifting, alas. Sorry.