Exciting event today @stanforddel.bsky.social on the economic challenges and opportunities of the AI age. I’ll share key highlights in the thread below.

Lots of ideas in this proposed research agenda for economists thinking about the effects of #AI on the #economy, including implications for #innovation and #geoeconomics. Courtesy of @erikbryn.bsky.social, @akorinek.bsky.social and Ajay Agrawal. tinyurl.com/ycxjx4ah

Should be fun !

walking to give a general audience talk on the Economics of AI, this anecdote came to mind. What a legend...

I'm so glad you came to visit. The work you're doing on AI is insightful and important.

@stanforddel.bsky.social rocks! Very inspiring visit, thank you again for this opportunity @erikbryn.bsky.social !

How is AI different from past automation—and what does this mean for the knowledge economy? @enriqueide.bsky.social & I have spent two years tackling this question. Join the discussion @stanforddel.bsky.social. Organized by @erikbryn.bsky.social digitaleconomy.stanford.edu/event/eduard...

Thrilled to kick off @stanforddel.bsky.social’s spring seminar series next Monday (3/3)! I’ll be presenting joint work with @enriqueide.bsky.social on 'Artificial Intelligence in the Knowledge Economy.' Looking forward to a great discussion.

Excited for this seminar! Huge thanks to @erikbryn.bsky.social and @stanforddel.bsky.social for the opportunity. Really looking forward to the discussion.

Congratulations to Philipp Strack of @yaleuniversity.bsky.social who was presented with the 2024 Clark Medal by Lawrence F. Katz at the #ASSA2025 Annual Meeting. #econsky aeaweb.org/about-aea/ho...

I did a NYT video interview—along with voices from Hungary, Nicaragua, and Russia— about how repression works in authoritarian states. www.nytimes.com/video/opinio...

Week 3: This week's theory paper in focus is Political Correctness (2001) by Stephen Morris. It is a masterpiece in what economists called applied theory--crafty story telling about interesting facts around us that uses elegant mathematical modeling. www.jstor.org/stable/10.10...

Even more important now, than when it was written in 2020: www.usni.org/magazines/pr...

Markus’ Academy has been a game-changer in making high-level economic discussions accessible to all. Yesterday, I had the honor of presenting my research with @enriqueide.bsky.social there—a dream come true! Watch the webinar: www.youtube.com/watch?v=G2VX... #MarkusAcademy #AI #Economics #Research

PLEASE RT :) Submit to the annual Network Science and Economics Conference, the largest US event for network theory and empirical research in and adjacent to economics Deadline Jan 30 (soon!) Conference Apr 11-13 at Stanford

This rings true to me. One of the reasons why the Soviet Union was so strong in math and physics is that super-talented people in those areas didn't have nearly as many outside options to apply their talents as did comparably talented people in the United States.

i'm excited to be judging a Quora knowledge contest questions are below. if you like thinking about economics, write good answers to these questions!! first prize is $1000 second prize is $200 (which can buy a set of steak knives) contests.quora.com/Now-Open-Jan...

Public debate in economics is important! Following a suggestion by Handbook of Labor Economics editors Dustmann & Lemieux, Jose Azar & I added a nuanced discussion of the significance of labor market concentration in our understanding of market power and welfare. #EconSky

This bit of Sam Altman’s newest post is similar in tone to a post by the CEO of Anthropic & what many (not all) researchers from every lab have been saying publicly and privately. You do not have to believe them, but I think they believe what they are saying, for what it worth. blog.samaltman.com

Pretty depressing that it’s come to this

Read this last year. Highly recommended. The part on behavioral Econ was particularly interesting as someone in the field.

Please mark down our session if you are attending the upcoming ASSA meeting! Data, Privacy and AI, Friday, Jan. 3, 2025, 10:15 AM - 12:15 PM (PST) www.aeaweb.org/conference/2...,

Trump at it again talking about the virtues of tariffs. Two key papers: Diamond-Mirrlees Atkinson-Stiglitz, establish conditions under which tariffs should not be employed and show the income tax is a great tax. Or read @pkrugman.bsky.social Pop internationalism!

Good write up of Toner-Rogers result on introduction of AI to material science labs leading to increase in productivity, w/ almost all gains going to those who were already most productive But perhaps most interesting result was buried: the scientists hated the tool 1/2 www.wsj.com/economy/will...

The best education about liberalism is experiencing the alternatives.

Might rhinos be better protected by a legal horn market? #econsky marketdesigner.blogspot.com/2024/12/rhin...

A fun thing about building a company while also doing AI research is seeing the econ in practice. Joshua describes a pattern we see w/ AlldayTA: big spikes in use (eg around exams). Humans handle unevenness poorly; AI doesn't need to! https://buff.ly/3BCyLHP

I think it should go without saying, but if you can’t have a respectful conversation about the use of one of the most widely adopted technologies in higher Ed w/o calling people termites (???), you should probably not be in the classroom.

Fields of "inquiry" where asking simple factual, yes/no, questions is considered worth an expulsion from campus. In case these mobsters care about facts, the factual answer to the question is yes: LLMs are now able to ace the exams in most fields of knowledge. @arpitrage.blusky.social

It should go without saying that in debating pedagogy, professors should not refer to other professors with dehumanizing language such as calling them “termites” Also what authority does Kruse have to push others off campus? Kruse has really been awful lately. @arpitrage.bsky.social

Where the [T]CS publication/review strategy really shines is in equity. You write a great TCS paper, it'll be accepted to STOC/FOCS within six months. And you can present it in front of the top TCS audience. In econ, you need to be known and invited to seminars to get early feedback.

Wonderful Christmas reading. Super original and wise!

Must read by @lugaricano.bsky.social

In economics, editors, referees, and authors often behave as if a published paper should reflect some kind of authoritative consensus. As a result, valuable debate happens in secret, and the resulting paper is an opaque compromise with anonymous co-authors called referees. 1/

This is the best explainer of the recent o3 performance and it’s implications that I’ve read yet. Cc @bengolub.bsky.social

Fascinating new paper by @simonjaeger.bsky.social, Suresh Naidu, and @schoefer.bsky.social! www.nber.org/papers/w33267

Nicole Immorlica talks about her prizewinning work in #econcs and its origins (including a course and a poem) www.microsoft.com/en-us/resear... marketdesigner.blogspot.com/2024/12/nico...

Some of my thoughts on OpenAI's o3 and the ARC-AGI benchmark aiguide.substack.com/p/did-openai...

Leveraging AI to navigate ‘deglobalisation’ cepr.org/voxeu/columns/… @trfetzer.com @econopete.bsky.social ,Bennet Feld.

I have so many things I desperately need to do, but instead I'm trying to convince myself of whether this theorem goes through for finite actions and infinite states.

This

New AI Snake Oil essay: Last month the AI industry's narrative suddenly flipped — model scaling is dead, but "inference scaling" is taking over. This has left people outside AI confused. What changed? Is AI capability progress slowing? We look at the evidence. 🧵 www.aisnakeoil.com/p/is-ai-prog...

📢 I am on the economic job market 🚀 My JMP "Algorithmic and Human Collusion" shows pricing algorithms can be more collusive than humans and explores their interaction. Link: papers.ssrn.com/sol3/papers.... Other research: tfwerner.com #EconSky #EconJM #JMP

The intermittency of solar and wind is increasing the fragility of electricity networks. Germany, the Netherlands, Norway, Sweden and Spain have just suffered huge (x190) price spikes or rationing. Neither batteries nor transmission can solve this yet. www.siliconcontinent.com/p/intermitte...

So excited to tell you about my new venture with @afinetheorem.bsky.social called All Day TA (@alldayta.bsky.social) open.substack.com/pub/joshuaga...

An amazing assembly of modern-day luddites in the comments and the replies. Really something to behold

Yep me too. Quite the reaction.

Come for the great product announcement, stay for the delightfully uninformed knee-jerk reactions and quote tweets. Congratulations to @afinetheorem.bsky.social and @joshgans.bsky.social for working hard to improve education.