

Stephan Seiler
4.3K posts

@SeilerStephan
Marketing Professor @ImperialBiz





GLP-1 drugs are the ultimate validation of the techno-solutionist approach to society's most challenging problems. The obesity crisis seemed liked it would just get worse and worse forever. Scolding from public health officials didn't work. Proposals to completely overhaul our food systems were dead on arrival. Instead, we invented a weekly shot (based on Gila monster venom!) that fixes obesity directly. And now, thanks to the economic incentives in our biomedical industry, we have follow-on drugs that will be cheaper, even more effective, and easier to administer (by taking a pill instead of a shot). Policymakers should be focused on figuring out how we can get more breakthrough drugs like GLP-1s (and faster). They also should think hard about which slopulist ideas might inadvertently kill the goose that lays the golden eggs.




How I would reform the system: 1. Referees make suggestions. 2. Author revises however they want. 3. Ed makes a final decision, and the referees write the limitations section together. It’s win win, the authors publish the paper they want, the readers get to see a high quality critique that is normally hidden. Yes the reader has to think for themselves, this is a good thing, we shouldn’t treat articles as sacred texts. It’s good for science too bc it generates ideas for future authors on how to fill the holes, test the weak assumptions etc. There’s so much excellent knowledge generated in the conversation between authors and referees and it is all buried and forgotten when the paper is published.










Listening through the full Jon Stewart interview, this specific section was pretty shocking to hear. Stewart doesn't know that: 1) Economics both predicts people's behavior in response to taxes, and recommends taxes to deal with externalities. 2) Economics as a discipline doesn't say "We as economists should exclusively facilitate corporations maximizing shareholder value." He acts shocked and skeptical when Thaler says that economics is about maximizing the public's welfare. He disagrees with Thaler and says "The goal of economics in a capitalist system is to make the most amount of money for your shareholders. Since when is economics about improving the human condition?" 3) Economics isn't synonymous with "completely free markets with no taxes." I don't know how you spend 20+ years publicly commenting on politics 5 nights a week without at least bothering to learn this. Shows a pretty shocking lack of curiosity. youtu.be/rZczEzMu_U8?si…
