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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Sunday assorted links
1. The fight over Romansh (New Yorker). 2. How well can LLMs grade? 3. Kelsey Piper responds on Mississippi. She...
Welcome to the Crazy CAFE
To let Americans buy smaller cars, Trump had to weaken fuel-efficiency standards. Does that sound crazy? Small cars, of course,...
What we’re grateful for – Marginal REVOLUTION
Here is the Free Press symposium, here is my contribution: Tyler Cowen, columnist I am grateful for how many parts...
Side-Walking Problems
Local Law 11 requires owners of New York City’s 16,000-plus buildings over six stories to get a “close-up, hands-on” facade...
