GDP has never been a measure of well-being
[Estimated time: 14 mins] When people speculate about the effects of AI on “economic growth”, they often assume economic growth will increase […]
Tag: economics
Shouldn’t productivity improvements reduce GDP?
[Estimated time: 10 mins] I was chatting the other day with a friend about AI and economic growth. In the middle of […]
Book Summary: Why Are the Prices So D*mn High? by Eric Helland and Alex Tabarrok
This summary of Why Are the Prices So D*mn High? Health, Education and the Baumol Effect seeks to explain why it seems […]
Book Summary: Scarcity by Sendhil Mullainathan and Eldar Shafir
This summary of Scarcity: The True Cost of Not Having Enough by Sendhil Mullainathan and Eldar Shafir explains how scarcity changes the […]
“Thinking in Systems” and Economics
Thinking in Systems by Donella Meadows uses many economics-related examples. Even though Meadows’ background is as an environmental scientist, she clearly knows […]
Book Summary: Thinking in Systems by Donella Meadows
This summary of Thinking in Systems: A Primer by Donella Meadows explains how systems thinking can help us better understand and change […]
Book Summary: The Big Short by Michael Lewis
This summary of The Big Short: Inside the Doomsday Machine by Michael Lewis explains what exactly went down during the 2007 Global […]
Criticisms of Ha-Joon Chang’s “Economics: The User’s Guide”
In this post, I set out and explain some of my criticisms of Ha-Joon Chang’s book, Economics: The User’s Guide. First off, […]
Book Summary: Economics: The User’s Guide by Ha-Joon Chang
I’m prefacing this summary of Economics: The User’s Guide with a disclaimer: There’s a lot that I haven’t summarised, because the book […]
Book Summary: Why We Fight by Chris Blattman
What motivates people to go to war? In this summary of Why We Fight: The Roots of War and the Paths to […]