A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows that firm exit rates and job destruction rates are positively correlated with growth in labor productivity; creative destruction in a nutshell.
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One-Third of US Families Earn Over $150,000
It’s astonishing that the richest country in world history could convince itself that it was plundered by immigrants and trade....
Affordability sentences to ponder
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Sentences to ponder
We find that interventions (e.g., busing) that move children to a more favorable neighborhood have large effects but lose impact...
Prediction Markets Are Very Accurate
alexmccullough at Dune has a very good post on the accuracy of Polymarket prediction markets. First, how do we measure...
