Review: Can we avoid another financial crisis? (Steve Keen)
Last year, I remembered that I think most books are too long. Perhaps one sensible response to this is to favor reading shorter books in general. So I sorted my…
Reviewing Karl Marx
By whatever accidents of history, the otherwise obscure German Jewish Karl Marx became an internationally known hero and villain (depending on your view). I was somewhat familiar with his ideas…
Population size is not important for country outcomes
There is a recurrent feature of the immigration debate that goes like this: Emil: Look at how negative the fiscal contributions of 3rd world migrants are. People: Heh, that's nice,…
Against the economists on school spending
Some days ago I posted a chart about school spending (per-pupil spending) and math test scores: Note how I didn't say this cross-sectional scatterplot proves anything about causality, but we…
Government family spending does not predict fertility rates, or does it
Fertility rates are terrible in every good country except for Israel. Why is that? Well, maybe we just don't spend enough money on this. Maybe it is too expensive to…
Newest results in ‘deep roots’ in the Americas
I am currently collecting reader questions from paid subscribers. Ask your questions here (or email me at emilowk@proton.me). While we wait for our upcoming Admixture in the Americas 2.0 (maybe…
Garett Jones finishes his trilogy
In the last 10 years, economist Garett Jones has been writing a series of books, a trilogy to be exact: Jones says in the post-script: THIS IS THE FINAL BOOK…
Solar and wind are very expensive
Danish cheaper energy activist Bjørn Lomborg posted this on X: The obvious problem here is that maybe electricity prices just reflect prices overall (presumably because electricity generation in part costs…
GDP, yes, but GDP per what?
Many free marketers have an almost religious devotion to seeing GDP lines go up. The American subset of these are therefore quite happy when they see plots like this one…
The content economy on X
After Elon Musk acquired Twitter/X, he started monetizing it. There are two types of monetization schemes: 1) subscribers, which work the same way as every other platform (monthly sub, some…
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