Back before 1870, there’s no possibility at all that humanity is going to be able to bake the economic pie sufficiently large that everyone can… Read More »Brad DeLong on Proudhon, property and coercion, and the Royal Society’s cornucopia
This excerpt is from DeLong’s interview on Conversations with Tyler. It’s a great discussion – highly recommended. COWEN: If we’re trying to think about the… Read More »Brad DeLong on technological growth and economic change 1870-2010
The proponents of this unrealistic scenario [of reduction in global demand for goods] allow merely a factor-of-two increase across all modes of mobility during the… Read More »Not long ago; or, Little by little (9): Car ownership in China 1999-2019
An arbitrary list, mostly of things I don’t usually think of as labour-saving devices: … and as with all devices, their value is multiplied because… Read More »Labour saving devices
I had a great time chatting with David Elikwu for his podcast (and newsletter(s), and website) theknowledge.io. He was a great host who had done… Read More »DriverlessCrocodile on theknowledge with David Elikwu
This is a really interesting and well produced article (as are other pages on The Pudding), and I highly recommend it. There’s a version you… Read More »Recommendation: The Pudding on the Yard-Sale Model and Wealth Tax
Tyler Cowen thinks this is the best interview question of all time. I’m skeptical, but concede that it’s a good way of taking a snapshot… Read More »Retrospective: DriverlessCrocodile Open Browser Tabs, December 2022
Two kinds of reading Niall Ferguson: I think there are two kinds of reading. When one’s reading for work, when one has to grapple with… Read More »Niall Ferguson on reading, remembering and shared culture
… the capitalist engine is first and last an engine of mass production which unavoidably means also production for the masses, whereas, climbing upward in… Read More »Schumpeter on who gains from mass production
The Feynman Lectures on Physics are available online courtesy of Caltech. Here’s an elegant description of probability in the real world: See also: Who Says?Decisions… Read More »Richard Feynman on probability fluctuations