No, not for "that" reason. The 2025 Nobel prize in economics (again, not dissing it for "that" reason so just going to call it the Nobel prize) when to Joël Mokyr, Philippe Aghion, and Peter Howitt. It seems to have gone to Mokyr for the best
I'm still working on a synthesis of several threads involving complex systems, cybernetics, machine learning, and economics that Unlearning Economics and I mused about in a YouTube interview last December (he has a new book out BTW). However two things came up that seems to market themselves as
As I write this, the DJIA is down ~1000 points and markets have been open only half an hour. However, stocks are generally forward-looking while the jobs numbers are "current" conditions with a lag. And as of last month, things were normal. The latest "core" (U3
The first ghost post (ghoast poast) — and it's not that interesting. Which is good! Unemployment looks like what we expected last month (and the month before that, and the month before that ...). The last five data points (the last ones that fall in the gray band in the
Information Equilibrium is moving away from substack after only about two and a half years since they seem to want to continue to profit from evil. I imported the subscriber list, but feel free to unsubscribe. Subscribe if you haven't in order to be where the magic happens