your daily dose of economic commentary
Jon Hartley interviews Edmund Phelps about his influential career and significant contributions to macroeconomic theory, including unemployment and savings concepts.
Claudia Sahm discusses the current state of the labor market, its cooling effects, and implications for the Federal Reserve's monetary policy decisions.
Nick HK discusses his approach to revising the Principles of Microeconomics course to make economic concepts more relatable and understandable for students.
Claudia Sahm discusses recent inflation data, public perceptions of the economy, and the disconnect between personal finances and national economic assessments.
Claudia Sahm discusses the disparity between personal financial well-being and negative perceptions of the economy, attributing anger to pandemic trauma and media influence.
Jon Hartley interviews Peter Ireland about his career in monetary economics, discussing monetarism, New Keynesian models, and the Shadow Open Market Committee's history.
Joshua Gans discusses the inevitability of a dominant firm in the AI economy and the importance of complementary assets in determining winners.
Melanie Mitchell discusses recent research on large language models' abilities in analogical reasoning, comparing their performance to human participants in specific tasks.
Claudia Sahm discusses the challenges of interpreting economic data and the importance of confidence in the Federal Reserve's interest rate policy amid inflation uncertainties.
Melanie Mitchell discusses evaluating large language models through counterfactual tasks to assess their reasoning abilities versus reliance on training data patterns.
Melanie Mitchell critiques claims that AI surpasses human abilities, emphasizing the misleading nature of benchmark performance and the complexities of true general intelligence.
Claudia Sahm discusses the ongoing effects of the pandemic on inflation, particularly in the motor vehicle sector, and the complexities of economic recovery.
Joshua Gans discusses the lack of government response to the H5N1 outbreak and the potential risks it poses to public health and safety.
Claudia Sahm discusses the evolution of Fed communication and its impact on market volatility, advocating for a more measured approach to public statements.
Claudia Sahm discusses recent inflation trends, emphasizing the importance of sustainable inflation levels and the Fed's dual mandate of low inflation and low unemployment.
Ed Dolan reflects on the 50th anniversary of a conference on Austrian economics in South Royalton, discussing its origins, notable attendees, and the evolution of economic thought.
Joshua Gans discusses the value of AI-generated content and its implications for attention allocation and the perception of work in content creation.
Jon Hartley discusses Dani Rodrik's career, industrial policy, globalization's labor market effects, and his vision for economic policy.
Joshua Gans explores readers' preferences for AI-generated content versus human writing, discussing implications for jobs and the value of human creativity in communication.
Joshua Gans explores the competitive dynamics in AI markets, focusing on data access and the challenges faced by startups against incumbents.