I am big fan of the law of large numbers and the central limit theorem. Both of which sounds too good to be true.

The opening of the Suez Canal in 1869 led to a 72 percent relative increase in bilateral exports for affected country pairs and a likely permanent increase in world trade, from David S. Jacks, Christopher M. Meissner, and Nikolaus Wolf https://www.nber.org/papers/w33250

An overview of alternative theories on the causes and nature of large economic fluctuations, from Joseph E. Stiglitz https://www.nber.org/papers/w33218

urldefense.com/v3/__https:/... #economics #history #evolution

This new op-ed touches on the same issues that I discussed in my recent thread. Thank you for your interest. The Fall and Rise of American Democracy by Daron Acemoglu - Project Syndicate www.project-syndicate.org/commentary/w...

"Socialism failed". We've all heard this. And sure, USSR wasn't a shining attempt. But what about Yugoslavia? Should the modern left borrow from their model of worker-ownership? It's really worth hearing these reflections from @brankomilan.bsky.social Watch now! 👀 youtu.be/LWwLb5jPujY #economics

LOL #bach

I am not sure why people are upset about Trump’s collection of incompetent antiques…do we want him to pick people who know what they are doing? Let these morons rule; we will be rid of them of faster this way. Power to the morons!

It's out—the 50th episode of On Humans! Join me and @ideenali.bsky.social as we trace the broadest patterns of the human story, from the travels of Homo erectus to the emergence of Eurasian empires. >> onhumans.substack.com/p/podcast-a-... #history #socialscience #humanevolution #gunsgermsandsteel

Podcast: A New Theory on 'The Broadest Patterns of History' open.substack.com/pub/onhumans...