The 2025 laureates in economic sciences Philippe Aghion and Peter Howitt studied the mechanisms behind sustained growth. In an article from 1992, they constructed a mathematical model for what is called creative destruction: when a new and better product enters the market, the
Let me add this paper by Besley et al, which is forthcoming in the @QJEHarvard, which, I think, provides a nice micro-foundation for between-cohort variation in zero-sum attitudes. They define βgrowth experienceβ as the average GDP growth an individual has lived through since
Happy to circulate a new @cage_warwick working paper, which is joint work with @fetzert and @Prashant_Garg_.
Using original data on high-street vacancies in England and Wales, we investigate the political ramifications of local decline. Brief summary π
π¨ New working paper! π¨
@grattonecon and I just completed the first draft of "The Rise and Fall of Technocratic Democracies". Excited to present it in Munich this weekβthanks to @LauraSeelkopf, @christoph_knill & others for hosting us! π§΅π
βΆοΈ Motivation
Many democracies have
Delighted to announce that I will be starting my DPhil in Politics at @NuffieldCollege in October as a Clarendon scholar. I couldnβt be more excited to work on climate politics with @fgenovese__ and David Rueda. Let me also thank my MPhil supervisor, @KosmidisSpyros, for his
It is simple: @JohnHCochrane believes the political externalities of a Zucman-style wealth tax would be negative. @ojblanchard1, by contrast, believes that they would be positive.
The Cochrane-type position follows from basic libertarian principles. By eroding the principle of
I think actually we have a pretty good handle on institutions that promote long-run growth, and a little bit on the stability of democratic institutions. Large scale and somewhat arbitrary government confiscation of hard-earned wealth, to satisfy the passions of envious masses,
I just re-read (parts of) Lijphart's "Patterns of Democracy" (2012) for something I am working on. In this π§΅, I will offer a fairly detailed summary of this truly seminal work in comparative politics, which, I hope, some of you may find useful. 1/n