My latest Economics Explained column in the Australian Financial Review is about "Bad Networks". Turns out a party that everyone wants to leave can get started after all. Based on my paper in the JPubE with Robby Akerlof and DJ Thornton. Open access link: www.sciencedirect.com/science/arti...

I was there. And I can't believe it either!

My latest Economics Explained column in the Australian Financial Review points out that company taxes fall mainly on households. That they hit young, low-skilled, and female workers the hardest. And that they made the income tax schedule 40% less progressive.

King Charles strips Andrew of prince title and ejects him from mansion ft.trib.al/041LNsQ

🚨 WE @unswecon.bsky.social ARE HIRING! 🚨 JMC: apply and email/DM for any question! A short 🧵 on @unswecon.bsky.social and why you want to apply and join us in Sydney👇 econjobmarket.org/positionGrou...

Just here to say: Pr(Engage in Violence | Very Online) \ne Pr(Very Online | Engage in Violence) This is a bi-partisan error. You may now return to yelling at one another.

This will be awesome. Any JHU undergrads and AEI Collegiate Network students interested in economics and politics (and football!) should check it out…

Oh dear. A “foreign policy for the middle class” was a dreadful idea. “A monetary policy for the middle class” is even worse. And, btw, price stability and preventing financial crises is great for the middle class. www.nytimes.com/2025/09/14/o... via @NYTOpinion

AI start-up Anthropic settles landmark copyright suit for $1.5bn on.ft.com/427Vjdm

I'm advertising for 2 full-time pre-docs at the Manos Institute for Cognitive Economics at UNSW. If you've got a strong honors degree in economics or computer science check us out at cognitiveeconomics.com. external-careers.jobs.unsw.edu.au/cw/en/job/5346…. @cognitiveeconomics.bsky.social

The GOAT Eliud Kipchoge and today’s winner of the Sydney marathon, Hailemaryam Kiros, in action on a perfect “winter” day in Centennial Park. A great race in the world’s best city.

Today’s econ seminar featured Ruben Durante presenting amazing work on the effect of GenAI on demand for news (joint with @filipecampante.bsky.social and @ananyasen.bsky.social)

My latest Economics Explained column is about debt. That has to start with Modigliani-Miller... "I like to think of it as the Yogi Berra theorem. The American baseball legend once quipped:'You better cut the pizza in four pieces because I’m not hungry enough to eat six.'" www.afr.com/policy/econo...

My latest AFR column. We need: “To rely on youth–not a time of life but a state of mind, a temper of the will, a quality of imagination, a predominance of courage over timidity, of the appetite for adventure over the love of ease.” Are you up for that PM? www.afr.com/policy/econo...

A couple of weeks ago we launched the Manos Institute for Cognitive Economics here @UNSW. I'm proud to serve as Director. Our mission is to understand the limits of human computational capacity and the individual reasoning process. Check out what we’re doing at cognitiveeconomics.com

UK inflation accelerates to 3.8% in July on.ft.com/45ZqMAE

My take on the opening to this week’s economic summit in AFR. www.afr.com/policy/econo...

My latest Economics Explained column in the Australian Financial Review is about government debt.

I see a lot of folks posting about that NYTimes article. So I'm just going to say something I know you all already know, but is important. You cannot infer the effect on unemployment of majoring in one topic vs another by comparing the unemployment rates of folks who chose those majors.

My latest AFR column is about Stephen Miran’s appointment as a Fed governor. With a take on Stephen Moore and Herman Cain as well. www.afr.com/policy/econo...

Tip for young players. If an AI tells you to take a substance commonly used as a dog anticonvulsant then seek a second opinion.

We can and should strengthen regulation of childcare centers. I offer 4 ideas in my latest AFR column. But ultimately it is more supply, competition, and choice for families that is necessary for high-quality, affordable childcare. www.afr.com/policy/econo...

Our CEO Carol Bennett wrote about ACMA's recent spectrum proposal in The Canberra Times this morning. Read in full: buff.ly/KvwGLAf @profholden.bsky.social @canberratimes.bsky.social #acma #spectrum #spectrumauction #spectrumlicence #auspol

🚨 Breaking from ABC News this morning: ACMA is proposing to renew valuable spectrum licences - but this decision means taxpayers may miss out on several billion dollars in licence fees. Read the article: buff.ly/KCJ5xWY @profholden.bsky.social #acma #spectrum #abcnews #auspol

#Spectrum, a crucial public asset, is being renewed for telcos by the regulator #acma instead of auctioned. This could benefit major telcos, cost Australian taxpayers $2–3.2 billion, and hinder competition and innovation. 📹 buff.ly/cSPDQnS @caroljbennett.bsky.social @profholden.bsky.social #auspol

Once a fortnight in The Australian Financial Review my "Economics Explained" column does a deep dive on an important economic idea which isn't driven by the news cycle. Last week was on the "Marketplace for Ideas."

My latest "Economics Explained" column in @financialreview. "So how efficient is the marketplace for ideas? And how much can we rely on competition in that market to substitute for regulation of speech? More than one might think. And less than one might like." www.afr.com/policy/econo...

Here's the video of my talk last week at the Sydney Institute about my book with @shamilton.bsky.social "Australia's Pandemic Exceptionalism: How we Crushed the Curve but Lost the Race." www.youtube.com/watch?v=MgFu...

Here's the video of my talk last week at the Sydney Institute about my book with @shamilton.bsky.social "Australia's Pandemic Exceptionalism: How we Crushed the Curve but Lost the Race." youtu.be/MgFugDI1Tkg?...

It was a great pleasure to chat about how, sometimes, businesses behave badly and what we can do about it with @joshbornstein.bsky.social and @adeleferguson.bsky.social at the #sydneywritersfestival. Such an honor to be in conversation with two wonderful and incisive story tellers.

In hindsight, if a major material science firm had found a way to make its best material scientists 80% better, there’s no way it would stay anonymous. It would shout it from the rooftops, and put it in its earnings call. This is an argument that should have occurred to economists.

#econsky #prague marketdesigner.blogspot.com/2025/05/publ...

Sharp, sweet, crisp, gooey and dreamily creamy: Lemon Pavlova is #RecipeOfTheDay! www.nigella.com/recipes/lemo...

"I'm going to govern in econometrics" is a winning campaign slogan for the ages.

I agree with Anthony Albanese that Australia's healthcare system is uniquely Australian and brilliantly designed. In 2020 Rosalind Dixon and I wrote about why in American Affairs. americanaffairsjournal.org/2020/02/a-pu...

My latest AFR column. “His report, A User’s Guide to Restructuring the Global Trading System, is akin to other all-encompassing takes on big issues, such as the New York Times’ article “A Field Guide to the American Sandwich”, albeit less penetrating and useful.” www.afr.com/policy/econo...

This would make a lot of sense.

Spot on

89 seconds to midnight... thebulletin.org/doomsday-clo...

I wrote about my top reasons for worrying about DeepSeek — and my top reasons to not panic just yet. In the end, though, I really do think it could give AI labs license to invest less in safety www.platformer.news/deepseek-ai-...

Jevon’s Paradox isn’t actually paradoxical. It’s a cool observation—that perhaps should be called just that.

When you lower inflation by lowering interest rate and discouraging labor supply

Well, yes. But what to do?

The raptors are testing the fences for weaknesses.

If DeepSeek is just making this stuff up about the training cost of v3 then those Nvidia deep-out-of-the-money call options are going to come in handy.

A 42-year-old man who received a pardon from President Trump for his involvement in the Jan. 6, 2021, riot at the U.S. Capitol was fatally shot by a sheriff’s deputy after he resisted arrest during a traffic stop, the Indiana State Police said.

It says something about willingness to pay how often I have to explain to @alldayta.bsky.social potential customers that it is not $50 per student but $50 for the entire course!

Come work for me at UChicago @beckerfriedman.bsky.social ! I'm hiring a full-time pre-doc to start this April/May/June for data analysis on crime, education, mental health, and organized crime, mostly on projects in Latin America. Details & apply here: job-boards.greenhouse.io/universityof...

He is right.

This is vintage (in more ways than one) @paulkrugman. Incisive, playful, cutting, and beautifully written. slate.com/business/199...