teddy sovereign

in no particular, some nf readings for the upcoming summer

santa, this is rudolph. he’s a reindeer. he’s one of the most undervalued animals on the pole. his defect is his nose is red and glows. this guy could be one of your best coursers in history. he should cost $3 million a year. we can get him for a song

1AM in Tel Aviv

@stationarymarx KKE still hiring theorists?

It’s to be expected that an analytical Marxist would be proficient in the eternal science of ML.

funniest argument for LA’s car centric design is that it makes these insipid little gatherings virtually impossible

@Bellmanequation Looks pretty clearly like misclassification to me: scholar.google.com/scholar?as_ylo…

Scientific progress in economics is bottlenecked by the supply of tenured jobs, so the review process gets drawn out CS coordinated to a better equilibrium: faster dissemination of research through conference proceedings, and weighing these proceedings (+ citations) for tenure

🚨Early version of my JMP! 🚨 To what extent is the contact between corporate lobbyists and federal government officials publicly disclosed? In other words, how big is the market for "shadow lobbying"? The Lobbying Disclosure Act mandates quarterly disclosure of lobbying "contacts" subject to many caveats. Watchdogs have long complained about lacunae in the LDA, but there is little evidence of the size of shadow lobbying market. In my JMP, I use 4.5 trillion pings from 179 million smartphones spatially merged to building shapefiles and observe movement between lobbyists' offices, corporate headquarter buildings, and the federal government in Washington DC. See below: movement of lobbyists from corporate HQs to federal government buildings:

kruggys still got it.

Fantastic piece worth reading. A lot boils down to the trickiness of measuring PPPs over time. Even some "constant" PPPs, like PWT's, use multiple ICP benchmark PPPs & interpolate between them, which can lead to inconsistency with national accounts. I like the Fernald, Inklaar, & Ruzic (2024) approach, which is to anchor the base using PPPs & then explicitly adjust forwards & backwards from there using national accounts real measures.

Ideas aren't getting harder to find after all. Patenting output per R&D dollar is flat or even rising over time. There is no secular decline in innovation. But productivity and firm growth have become much harder to sustain and diffuse across the economy.

Will have to revisit some others to complement these. kleinberg and tardos being an obvious one for the last handbook.

in no particular, some nf readings for the upcoming summer

Why has @rodrikdani changed his mind on manufacturing? Really excited for this live episode of the Ideas in Development podcast, taking place next week on Wednesday May 20th (2pm UK). Dani is joining me to discuss his evolving views, the evidence that changed his mind & more.

@VenturCommunist One of this guy’s favorites

One sees hateful social media accounts posting on a daily basis about how Japan's Muslim residents, who are mostly law-abiding Indonesians, are going to "destroy" Japan. Meanwhile, the Japan government has officially warned Japanese tourists to stop raping Indonesian children.

@beverlymantle1 bingo. It’s sort of what motivated ppl like Mirowski to write Knowledge We Lost and give markets its due theoretical significance in that JEBO article.

that form their price-determining preferences & technologies independently of one another. No information is added by 'the market' itself - as something other than the set of independent agents & their optimization programs - other than the fact that prices exist.

I find it rather curious that people often say things like "prices are emergent market phenomena." It seems true on an intuitive level (& I think it is true), but it isn't how markets are modeled in general equilibrium. 'The market' is an aggregation, not an irreducible in GE.

The shit stalin be on the evening before barbarossa

Some quick reactions to the BLS report 1. The labor market continues to exhibit general stasis. The 115000 increase in jobs exceeded expectations, which the main reason for a more positive view. However, wage growth (average hourly earnings) was lower than expected at 0.2%, which mean real wages falling, and unemployment remained steady at 4.3%. These are not blowout numbers, despite some claims of that form. 2. Underlying the overall stability are some important demographic differences. African American unemployment increased from 7.1% to 7.3%. 3. Important sectoral heterogeneities are present. Health care continues to lead the job numbers. The loss of 13000 jobs in the information sector suggest possible AI effects. Manufacturing slightly declined, so tariff policies still a failure with respect to their putative justification.

Benjamin Golub is a leading economist whose work has significantly influenced network economics, social learning, and information diffusion. His research focuses on how network structures shape collective behavior, economic outcomes, and decision-making in large interconnected systems. Golub’s work combines ideas from economics, probability, graph theory, and game theory to study how information and influence propagate through social and economic networks. One of his major contributions is the analysis of social learning in networks, showing how the position of individuals within a network affects long-run beliefs and consensus formation. His research demonstrated that highly central agents can disproportionately influence collective outcomes, linking network centrality with economic power and information aggregation. Golub also contributed to understanding strategic interaction in large networks, peer effects, diffusion processes, and market design. His models are widely applied in finance, online platforms, recommendation systems, epidemiology, and multi-agent systems. In modern AI and machine learning, network-based learning and graph neural networks echo many of the principles studied in his economic network models. @ben_golub

Why are Arsenal doing this to me? 🥵