Namrata Narain

JUNE 2028. The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation. What happened?​​​​​​​​​​​​​​​​ citriniresearch.com/p/2028gic

Generative AI tools can make developers up to 55% more productive, but rapid deployment creates dangerous technical debt. To avoid costly system failures, organizations must establish clear guidelines, make technical debt management a priority, and train developers to use AI responsibly. t.co/HYJ2Gqxmpq

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.” #NobelPrize

What’s the return on government support for R&D? To try to get a credible answer, @open_phil and @SloanFoundation are committing up to $1 million to trying something new: we call it a Pop-Up Journal. Today, we’re inviting organizations to bid on a five-year contract to organize and run this Pop-Up Journal on the returns to public R&D: popupjournal.com The journal will publish several issues and then sunset after five years. Each issue seeks to make progress on one question: what’s the ROI on public funding for R&D? To that end, it will be one home for new research on the topic. Each issue will lead with an essay, accessible to non-specialist policymakers, that assesses the probability that the ROI of public R&D takes on specific values, based on a synthesis of all relevant work (including work published elsewhere). We expect it will also publish work that helps answer its main question, but isn’t a good fit for a typical journal: replications, reanalyses, new datasets, etc. Each issue’s synthesis essay will help make these contributions legible. What else will it do? That's could be up to you! We welcome ideas from organizations interested in running the journal. What if you’re a researcher interested in this topic? Several funders have expressed interest in supporting this kind of research. More details at popupjournal.com/individual-res…. The five-year contract is designed to give researchers time to start and finish new projects. Finally: we think Pop-Up Journals can be a useful way to help the academic community coordinate on answering big questions of all kinds and communicate those answers to the policy world. This Pop-Up Journal is only the first we plan to support. We are lucky to be supported in this initiative by a fantastic advisory board that will help us select the winning bid for this journal and select the big questions for future Pop-Up Journals: Matt Clancy (@mattsclancy) Doug Elmendorf Ted Gayer Danny Goroff (@DGoroff) Jonathan Haskel (@haskelecon) Margaret Levi Paul Niehaus (@PaulFNiehaus) Heidi Williams (@heidilwilliams_)