Bravo, @NobelPrize laureates of 2025; yet the juicier drop lands Monday! :) My wish: Blundell-Manski (essential microeconometrics, broadly) or Bresnahan-Pakes-Porter (state-of-the-art EIO) Long overdue in both cases! My sneaky suspicion: They'll lean the/ a macro way this year.

Note the wording.. Ms. Machado receives the prize for: - promoting democratic rights - struggle to achieve a just and peaceful transition - At a time when democracy is under threat - where democracy is in retreat - more and more authoritarian regimes are challenging norm www.nobelpeacecenter.org/en

The other day a student asked me about the prevalence of insider trading in prediction markets. I now have an answer.

László Krasznahorkai's @NobelPrize was way long overdue. He could have won it for Sátántangó alone (100% with Sem-Sandberg: for a *debut* novel, that quality remains unsurpassed), not to mention later pearls like The Melancholy of Resistance or Baron Wenckheim’s Homecoming. (1/2)

Breaking News: The Nobel Prize in Literature was awarded to Laszlo Krasznahorkai, the Hungarian novelist, for his “visionary oeuvre.”

BREAKING: The Nobel Prize in Physics has been awarded to John Clarke, Michel H. Devoret, and John M. Martinis "for the discovery of macroscopic quantum mechanical tunnelling and energy quantisation in an electric circuit" Stay tuned for more.

Thrilled to start a long-term academic visit today at UC Chile’s Instituto de Economía: https://economia.uc.cl/ In Santiago/Chile/LatAm? Let’s connect: ideas on the table, wine (or pisco sours!) on the side. Bring your priors; we’ll update the posteriors & boost our networks' R²!

#Science #Mathématiques 🧮 « Entropie et combinatoire » 📌 Cours Pr Timothy Gowers, titulaire de la chaire Combinatoire ⏰ 13 octobre → 17 novembre 2025 👉 https://www.college-de-france.fr/fr/agenda/cours/entropie-et-combinatoire

Acabamos de ver NUBE de Jose Vidal en el Teatro Municipal de Las Condes: nos encantó a todos, pero nuestra hija de 7 años (que hace danza moderna) quedó completamente cautivada. Pura poesía en movimiento! www.tmlascondes.cl/n... #NUBE #DanzaContemporánea

And a delight it is, indeed! (Also a timely nudge to @nobelprize.bsky.social Econ Committee: Pakes’s toolkit reshaped how we study markets; Bresnahan–Pakes–Porter as laureates in 10 days would fit the evidence. P.S. Long overdue Nobel for EIO!) HT @paulaaureo.bsky.social on X: x.com/PaulaAureo/s...

Mi se șoptește că Păturică a ajuns ditai prof la Școala Națională de Studii Politice și Administrative, unde va preda „dezvoltare economică”. După ce-a dezvoltat ministere până le-au ieșit fulgii, urmează dezvoltarea studenților — cei scăpați nedezvoltați de Bulai & Pieleanu. x.com/sbuhai/status/...

Straight up asking public universities to set up governing structures to violate the first amendment

My petty gripe: not only am I losing my livelihood to AI – now it’s stealing my em dashes too

“Stablecoins, like money-market funds, project security but can collapse under pressure,” argues Jean Tirole in a guest essay. The Nobel laureate explains why these digital tokens are riskier than promised

De la subida por Parque Mahuida, entre bosque verde y montaña, a la bajada hacia Caleta La Reina para un almuerzo simple-perfecto de mariscos (¡con música chilena en vivo!): del mapudungún al chileno, hasta este gringo cacha el ritmo, po. #SantiagoDeChile

Persistent habit alert: bashing math diagnoses the basher, not the discipline. And BTW, 𝑎𝑙𝑙 𝑚𝑎𝑡ℎ can matter: the treatment effect is operator-dependent. My 2¢: apply the 'Terry Tao move'—master rigor, then recalibrate intuition in situ. That's how econ gets traction. (Déjà vu: x.com/sbuhai/statu...)

The creator of the NumPy and SciPy libraries reflects on their supporting role in the story of Python, now the subject of a documentary go.nature.com/4gHDSGF

Bernanke, Cochrane, Greenspan, Mankiw, Paulson, Rogoff, Romer, Rubin, Summers, Yellen, etc & me: "allowing the removal of Governor Lisa D. Cook while the challenge to her removal is pending would threaten that independence and erode public confidence in the Fed." www.supremecourt.gov/DocketPDF/25...

#Science #Mathématiques "Analyse en grande dimension et problèmes ouverts" 📌 Cours du Pr Pierre-Louis Lions, titulaire de la chaire #Équations aux dérivées partielles et applications.  ⏰ 3 octobre → 19 décembre 2025 👉 https://tinyurl.com/yz9kkvp9

Our project is to create a database of what we call "structured motivated proofs". For more details about this, and for information about how you can get involved (if you have suitable skills), see a blog post I have just written. gowers.wordpress.com/2025/09/22/c...

Late-night show hosts decry suspension of Kimmel’s show: ‘Blatant assault on freedom of speech’

Happy Fiestas Patrias and Independence Day to Chile -- which issued the first ever sovereign sustainability-linked bonds (March 2022). These ideas can be valuable at COP30 or beyond. americas.societegenerale.com/en/news-nort...

Excellent intervention de Tirole : la dégradation de la 🇫🇷 révèle un déficit de perspectives. Réponse : trajectoire budgétaire crédible + investissement public sélectif (tech/IA/biotech) + choc d’éducation (fondamentaux) + coordination UE/internationale.

¡Fabuloso #CancioneroChileno ‘25 en el Teatro Municipal de Las Condes! Gepe+ Andrea Tessa+ Javiera Parra, 30+ artistas y emoción pura. Mención especial para Camilo Salinas: absolutamente soberbio — director musical brillante y pianista tremendo. Cerramos con #GraciasALaVida. 🎥👇

Apollinaire processed, Mallarmé poured; corseted type, cursive conscience. A feelie for vault-men, Brave New World-ish: take your soma; ending over m̸e̸n̸d̸i̸n̸g̸ meaning; enjoy the President Our Ford delivered. (via WSJ: www.wsj.com/us-news/...)

1/2 Un sfertodoct la limita ridicolului, cu aplaudaci între miorițe, îl unge pe musiu Bolojan „Moise cu Excel”: Oradea=Paradis, restul „debusolați”. Furtună PR într-un țoi de țuică. Excel drept cădelniță, „cifre sacre” ca dogmă; scepticismul devine erezie.

Everyone knows he's crazy and no one takes anything he posts seriously but declaring war on Chicago is next level.

In theory we rank optima; in practice we triage equilibria: Tinbergen tallies; politics rations.

Friends (& foes!)—join me next Wed at Universidad de Chile's CEA-MIPP for my unified theory-and-evidence take on bargaining, rent sharing, and worker–firm-specific investments. www.dii.uchile.cl/ev... P. S.: Incluso contesto preguntas en español; en chileno, no prometo... 😅🇨🇱

Nasolilor care dau (iar) vina pe Green Deal în presa mioritică: nu busola e de vină—harta vă lipsește. Econ 1.0.1: CAPEX acum (ieri!) sau OPEX pe viață. De altfel, déjà vu: x.com/sbuhai/status/..., x.com/sbuhai/status/..., x.com/sbuhai/status/..., x.com/sbuhai/status/... ș.a.m.d.

Saga OrangeFR, ép. 2 (épilogue ?) — Réveil in extremis : la Direction Orange - Relation Clients corrige le tir. Remboursement acté, excuses, Médiateur évité. Preuve qu’avec un peu de droit, beaucoup de méthode et une pincée d’ironie, on peut encore débrancher l’absurde. QED (x.com/sbuhai/status/...)

Fuhito Kojima’s Walras Bowley Lecture has just been uploaded to arxiv. It considers that administrative boundaries cause many markets to be fragmented, and how some of the resulting efficiency loss can be recovered. #econsky marketdesigner.blogspot.com/2025/08/the-...

On markets pricing through Trump's lawlessness—so far: Markets discount cash flows; republics discount norms. When legal norms fail, contractual cash flows collapse into unenforceable claims. The rule of law is the true risk-free rate: erode it toward 0 and discount-rate duration tends to infinity.

Forthcoming in the AER: "Managers and Public Hospital Performance" by Pablo Muñoz and Cristóbal Otero. www.aeaweb.org/articles?id=...

Hoy disfruté del Concierto Aniversario UBO 35: Roberto Bravo & Andrea Cárdenas en un grande viaje de la tradición europea a la identidad latinoamericana—Bach (Vivaldi/Marcello), Morricone; Piazzolla,Jara, Salinas,Bianchi,Parra. Con bises. Destaca “Poema XV” de Neruda/Bianchi. (x.com/sbuhai/statu...)

Econ 1.0.1, dar anatemă pentru decidenții voștri: hotnews.ro/cand-doi-... Plafonarea veniturilor publice sub pragul funcțional nu e minimalism fiscal, ci auto-dezarmare; fără resurse, statul nu poate de fapt asigura regulile concurenței și bunurile publice cerute de piață. (1/3)

Do you hear the lemmas sing? Singing a song of measured minds? It is the music of a measure That won't be perturbed again! When the beating of the bounds In a D.C. filtration hums, Candès–Tao with RIP yields ℓ₁, And Doob’s limit (a.s.) comes!

PNL, campion al ipocriziei: la „responsabilitate” răspunde cu „amânare” și în loc de bani returnează citații. Procesul e portofel, moralitatea decor, bugetul ruletă, iar statul e fraierul casei. Pentru că în România tupeul nu se plătește: se capitalizează.

‘It’s like having a button that makes the audience go nuts’: Deep Purple on Smoke on the Water

We show a long-run player who repeatedly observes private signals and takes actions can sometimes establish a reputation even when their strategy is not identified. Our result applies to games of deterrence, delegation, signaling, and Bayesian persuasion. buff.ly/NcrNE6L

Orange France : anatomie d’un naufrage, ép. 1 : Quand une procédure interne percute le droit, c’est la procédure qui cède. Quand une entreprise confond « client » et « suspect », elle paie — min 77,74 €, mieux en crédibilité. Ils ont oublié un détail : they’re trying to fuck with me. Mauvaise idée.

So Trump wants Goldman to fire Jan Hatzius. But he hasn’t called Hatzius a deranged bum, so I’m still ahead on points

J’en ai vu un sacré paquet, mais jamais pire que le service client/réclamations d’Orange France. Ils ont 24h pour corriger, rembourser & s’excuser — sinon (pour commencer) DGCCRF + Médiateur des télécoms. Il va falloir se calmer, vraiment : « Ah ! Ça ira ! Ça ira ! Ça ira ! » www.youtube.com/watc...

I don’t think I have ever publicly criticized any Presidential nominee before. But E.J. Antoni is completely unqualified to be BLS Commissioner. He is an extreme partisan and does not have any relevant expertise. He would be a break from decades of nonpartisan technocrats.

I am all in on the Deranged B.U.M. (Better Understanding of Macroeconomics) smacking the Orange A.S.S. (Anecdotes Supplant Statistics). Translation for the back row: whatever the incidence or the terms of trade, the welfare diagram still resolves to Harberger triangles: deadweight loss in MAGA red.😉

Nice!

Eighty years after the Trinity nuclear test, the incomparable Kronos Quartet has released a pair of tracks reinterpreting Bob Dylan's A Hard Rain’s A‐Gonna Fall. Here's the first. How many of the vocalists do you recognize?

Dalla mia cantina, il Barbaresco Rabajà 2012 di Bruno Rocca ha brillato come rubino liquido: apoteosi del Nebbiolo. Ha atteso paziente nel buio fresco. Rosa canina, ciliegia e tartufo d’Alba; tannini setosi, finale infinito. Un sorso che parla la lingua delle colline langarole.🍇

JE SUIS PATRICK!

Neprefăcut, nefiltrat, necruțător: www.facebook.com/pat... (public — fără cont FB) Nu sunt mereu de acord cu Patrick, dar e unul dintre puținii *jurnaliști adevărați* — și are tot respectul meu! Cât despre Burduji et al., până la urmă vor primi șuturile în fund pe care le merită.