🚨 New Working Paper 🚨
w/ @pdavidboll.bsky.social and @jvoth.bsky.social
Do you run regressions on spatial data? Then keep reading!
We present a guide and Stata package for methods by Müller and Watson (2024 ECTA) to deal with Spatial Unit Roots in Regressions.
Link in 🧵 (1/n)
We live in a Philip Roth novel.
Three years into the war, I feel like the discussion about sanctions is moving in the right direction.
We finally reached the R vs Stata wars stage of bluesky
British politics is quietly going through an insane period. The main parties are *remarkably* unpopular
www.economist.com/britain/2024...
new WP y'all www.nber.org/papers/w33236
I am a big fan of this Paul Krugman essay on parallels in how the concept of equilibrium is applied in neoclassical economics and evolutionary theory. www.mit.edu/~krugman/evo...
By contrast, economists whose roles demand engagement with a wider audience — business leaders, policymakers, journalists, the broader public— are less likely to find the Bluesky option 100% workable. This division in social media preferences reflects diversity within the profession.
The rise of Bluesky sheds light on the professional culture of economists. Some may migrate to this new platform, but not all will follow. Those who do will likely be the economists whose primary audience is their peers.
If one tries to describe the world’s biggest environmental disaster after Chernobyl as succinctly as possible, the formula would be: “Made in China.”
Ouch.
‘You know those quantum mechanical amplitudes you told me about, they’re so complicated and absurd, what makes you think those are right? Maybe they aren’t right.’ Such remarks are obvious and are perfectly clear to anybody who is working on this problem. It does not do any good to point this out.”
A great take from Feynman: “Somebody says, ‘You know, you people always say that space is continuous. How do you know when you get to a small enough dimension that there really are enough points in between, that it isn’t just a lot of dots separated by little distances?’ Or they say,
What’s fascinating about contemporary culture is that people can argue about
elections, wars and Jaguar’s logo with approximately the same level of ferocity.
They might minimise declared profits, but they seem to optimise profits nevertheless, probably “extracting” them in some other way. They don't, say, minimise risk instead of maximising expected profit, as some theories seem to suggest.
Threads makes me think of Google Plus.
I asked the questions because there are classic theories about farmers not maximizing profits but minimizing risks. However, in this case, it seems that people are maximizing profits (leaving accounting aside).
Going to give this website a try - with a new profile picture! Definitely feels like an econ bubble, but I guess that’s the point.
Expect a thread on my newest work, Malthusian Migrations (with @romainwacziarg.bsky.social), soon! 🚨
www.guillaumeblanc.com/files/theme/...
X feels like an economics seminar.
Bluesky feels like a polisci seminar.
Ancien Regime seems to have valued economists quite a bit
The exodus from X to Bluesky is basically a non-conservative version of Ayn-Randian John Galt moment and I can't stop thinking about the irony
Got it, thanks.
What do they optimise over, if not profit?
Right now the personal feel is: X = Windows XP, Bluesky = iMac circa 2006.
Nietzsche would disagree.
London buildings have the optimal height: lots of sky visible, yet the city is not too spread out.
I see this take so often these days that by now I am convinced this is not what’s going to happen.
You’re closer to industry than me, so your information set is larger. If so, you’re probably right.
