What does it mean to be wealthy and how should we factor in say, life expectancy? Lyman Stone offers an interesting measure, lifetime consumption, taking in account (roughly) both years lived and how much one consumes in those years.
The post Lifetime Expected Consumption appeared first on Marginal REVOLUTION.
Why LLMs make certain mistakes
Via Nabeel Qureshi, from Claude 4 Sonnet, from this tweet. The post Why LLMs make certain mistakes appeared first on...
You Can See the End of the Great Stagnation Everywhere but in the Productivity Statistics
Eli Dourado continues to keep his eye on the most important number in the world, total factor productivity. It continues...
I talk with Gerry Baker
Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use...
Glow in the Dark Flowers!
I love these glow-in-the-dark petunias. Aside from the novelty, they speak to science and progress! The petunias were genetically modified...
