The origin of risk – Marginal REVOLUTION
From the QJE, by Alexandr Kopytov, Mathieu Taschereau-Dumouchel, and Zebang Xu: We propose a tractable model in which risk, at both the micro and macro levels, is endogenous and driven by incentives. In…
From the QJE, by Alexandr Kopytov, Mathieu Taschereau-Dumouchel, and Zebang Xu: We propose a tractable model in which risk, at both the micro and macro levels, is endogenous and driven by incentives. In…
1. Begoña Gómez Urzaiz, The Abandoners: On Mothers and Monsters. A wonderful book about mothers who abandon their children, and properly unsentimental. You will never think about Muriel Spark the…
In a new paper, Brennan and Freiman argue persuasively that: the arguments against laissez-faire capitalism apply in a rather straight way against laissez-faire democracy. This should be a rather startling…
In December 2025, researchers led by Yazan Alwadi at Harvard’s T.H. Chan School of Public Health published a paper in Environmental Health that claimed to find that cancer incidence increased…
The vulnerability of our shipping routes remains underdiscussed, perhaps that is in some ways a good thing: We study the macroeconomic and trade-policy implications of disruptions to U.S.-bound shipping routes.…
At times we forget what an amazing wonder the Bundesrepublik Deutschland was. At the end of the World War II, Germany was one of the sickest and cruelest human societies…
Scientific progress is a key driver of economic growth and prosperity. There is great excitement- but also concerns- about the impacts of AI on science, but so far little data.…
By Egana Djabbarova of Azerbaijan. A wonderful short novel, and as described by Olga Grjasnowa “An extraordinary novel that translates corporality and estrangement into language.” Here is the Amazon link.…
I strongly recommend a trip to Armenia, now is a great time to go. Here are a few things I noticed: 1. The country remains intellectual. The book fair is…
1. Constance Reid, Hilbert. We should all be reading more mathematics these days, right? Because the field is “on fire.” Hilbert is not a bad place to start, and I…