Whoever said it was easy must have had it pretty good

my reason for doing things:
1. spite
2. the aesthetic
3. a deadline i invented

The stuff you ordered at made up prices is actually now coming at a lower made up price- you saved so much money

Development economics so smoothly states how higher income only lessens misery and not increases happiness A philosophical point if you keep coming back to it

Economist abandoning Stata that only economists use:

Here’s a simple lesson from game theory. If you do the opposite of what your enemy tells you to do, you will be playing into the hands of your enemy.

50 years of macroeconomics in a nutshell: Lucas: “Your Keynesian models are full of ad hoc assumptions. We need proper microfoundations!” SMD: “Well, individual rationality doesn't guarantee nice aggregate behavior.” New Classical macroeconomists: “Aggregation is a problem? Let's just model the entire economy as ONE representative agent. Problem solved.” New Keynesians: “Cool. Now let's throw in some ad hoc assumptions to make it work.” And that's how ad hoc assumptions became microfoundations.

Undergrad econ exposed me to the concept and blew my mind enough for me to think about it every other day, but at the same time did not equip me with enough understanding to do anything about my blown mind unless I made an active attempt to learn myself A huge miss

2026 economic sciences laureates Robert E. Hall’s and Michael Woodford’s research has made us better equipped to manage economic downturns. They laid the foundation of the New Keynesian paradigm, in which models are built upon microfoundations, which means from the bottom up. Economic outcomes are the result of millions of decisions made at the microlevel by households and businesses. Using models based upon this approach, rather than simply studying the economy from a macro perspective, like a bird’s eye view, Hall’s and Woodford’s research has generated a paradigm shift in the theory of stabilisation policy. #NobelPrize

2026 economic sciences laureate Robert E. Hall’s hypothesis was that changes in consumption could not be predicted because they depend on new – and thus unpredictable – information. Hall presented his results in an article in 1978, which was something of a eureka moment for research. His work became key to the development of modern research on consumption. #NobelPrize

Incredible thread

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Robert E. Hall and Michael Woodford “for microeconomic foundations of macroeconomic stabilisation.” #NobelPrize

There is a strategy that I always bet would work but never did, yet that was always my first move I’m happy to announce folks, it worked today

As an economist, I’m okay with AI replacing mathematicians. What bothers me is displaced mathematicians competing for economists’ jobs in finance and academia, lowering our wages. That cannot be tolerated. I’m starting a petition to ban this unfair competition.

What’s the proverbial shovel that could be sold in this new generation of AI augmented economics gold rush?

My bet is that the return to collecting original data, making the illegible legible, and studying clandestine and informal interactions is going way, way up.

I’m not afraid, I’ll make things right for myself, I’ll be exactly where I want to be

everytime I get close to the answer the question changes

Artists: but I don't want to lose my job. I love it. Mathematicians: but I don't want to lose my job. I love it. Economists: LONG HAVE I AWAITED THIS HOUR! DESTROY ME, EFFICIENCY, AND LET UTILIZATION-ADJUSTED TOTAL FACTOR PRODUCTIVITY RISE ON THE WIND OF MY ASHES!

“Stockholm called, they want their syndrome back”