Finance

About Lambert Strether Readers, I’ve had a reporter present my views as literally absurd. Let me explain them briefly. I believe in universal programs that […]

In 2022, the World Bank issued the world’s first wildlife bond, raising $150 million for the conservation of black rhinos in two reserves in South […]

We model the law of small numbers (LSN)—the incorrect belief that even small samples represent the properties of the underlying population—to study its effects on […]

My friend (though we’ve never met) and fellow economist Jon Murphy recently said, in a comment on a recent post by blogger Pierre Lemieux: If […]

I expand on this theme in my recent Bloomberg column, here is part one: So I have a humble suggestion for anyone interested in business […]

Monthly GDP is returned. Figure 1: Nonfarm Payroll (NFP) from CES (blue), employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bright […]

1. Jack Clark’s Anthropic Retrospective. 2. How will AI change the bargaining power of workers? (different from changing labor demand in different ways) 3. Tony […]

Israeli Prime Minister Netanyahu recently visited the northern border area with Israel and vowed to “take drastic measures” against Hezbollah, as reported in leading stories […]

Philosopher Daniel Dennett recently died. Although his work focused on things like cognition and philosophy of mind, his ideas can find application in other areas […]

Tyler and I have been promoting the Danish mortgage program for years. Remember that in the Danish system each mortgage is backed by the same […]