Now this is what you call a panic - over half the railway bonds (which were most of listed bonds) in NY went into default in 1873.
(Reading 1873 by Ahamed so all in this thread is from the book)
sigmund? sigmund it's your cousin marvin... marvin freud... you know the thing you've been talking about where there's some libidinal force inside us that seeks egoic shattering even unto death... well you're not gonna believe this but I'm looking at the news and im thinking, call it the death drive
We found that as of right now 73% of your campaign donation goes back to the consultants and vendors (!!!), four times more than just 20 years ago. Only 13% to ads. Even I was shocked.
📣 Postdocs at Yale FDS! 📣 Tremendous freedom for work on the foundations of data science with faculty across campus, multi-year, great salary. Deadline 11/6. Spread the word! Application: academicjobsonline.org/ajo/jobs/32396 More about Yale FDS: fds.yale.edu
Some green shoots for our PhD market in economics! But, under the hood there is lots of heterogeneity!
Adjust on both margins like we find optimizing candidates did their search years ago: ideas.repec.org/p/feb/natura...
Accelerating prepared students in middle school math has positive effects in high school and college, including closing gender gaps in core STEM majors (sci/math/engineering).
Put differently, failure to provide acceleration exacerbates such gaps and generates lots of lost intellectual potential.
Did a (very scientific, much unbiased) poll of the audience at the <<Empirical Methods in the Age of AI>> conference I just attended. Here were the results!
hai.stanford.edu/events/empir...
Anyways, if you know someone who has ~2+ years of experience with Bayesian statistics in a production setting, is located in the U.S., Canada, or Latin America (U.S. Central or Eastern time strongly preferred), and wants to build a personalization engine for subscription apps with me, shoot me a DM.
Got the green light to hire someone to help me build out the contextual banditing architecture at the new job today, and you'd think I'd be happier about the prospect of getting to work normal hours again, but instead I'm terrified of the idea of trying to hire in the current market 😅
We're hiring two folks at Miami Econ this year!
One health
One "applied micro"
Dynamic fun department in small town with big town (Cincinnati) nearby! Tell your friends and apply!
www.aeaweb.org/joe/listing....,
Eyebrow-raising presentation at @brookings.edu BPEA conference by Columbia's Stijn Van Nieuwerburgh on the enormous scale of the data center build-out and the opaque leverage that's financing it. VIDEO (15 minutes) www.youtube.com/live/UaQDp-G...
Shameless self-promotion and a request. My publisher is asking me to encourage Amazon reviews, so....
If you bought How Economics Discovered Women on Amazon and like it, it would help me out if you post a short review. news.ucsb.edu/2026/022818/...
It is so good to see @reportermatt.bsky.social, who was in like 80% of my classes in college, become the most influential reporter in Massachusetts. He just loves the place, and you can tell in everything he does. A truly wonderful man making the whole state better.
New data and new paper! The new AI investments data introduce 7 AI subtechnology categories: general AI, machine learning, natural language processing, computer vision, generative AI, agentic AI, and other AI, and builds firm-level AI panels through 2024. Links in comments.
I'm reminded of one of my favorite passages in Banerjee and Duflo's "Good Economics for Hard Times".
"The goal of social policy, in these times of change and anxiety, is to help people absorb the shocks that affect them without allowing those shocks to affect their sense of themselves.."
I don't mean to be melodramatic here, but make sure to check in on your friends. There is upheaval coming, and it's coming for identity, not just work.
With apologies if someone has beaten me to the punch... I've cloned and updated the economics job market tracker from @paulgp.com to get a sense for how the market is going so far this year.
Good news: better than 2025
Bad news: not by much
🚨
Announcing OpenCensus, a new project with @ezrakarger.bsky.social :
We are transcribing the historical US censuses and releasing them as open data
2.6 million people so far in 1940, browse here:
opencensus.us
I'm back, I missed you all.
Since this is an important subject I know too much about, here's a 🧵 explaining that
AI Safety Is Mostly A Sex Cult.
I don't think these people should make policy. (1/?)
(alternative title: Time For Some Cult Theory)
Are you a disability researcher working in the FSRDC wondering where the 1980s disability variable in the CPS went? I've written a CES Technical Note describing my process of bringing in those missing data! ideas.repec.org/p/cen/tnotes...
🚨New resource on my website: recovered CPS March Supplement work disability variables for 1981–87 (years that are missing from both IPUMS and NBER public files).
Includes documentation + merge instructions for NBER and IPUMS extracts!
🔗 melissa-gentry.github.io/resources/
The bitterest lesson:
"Rich Sutton’s incompleteideas.net/Inc… states that compute beats algorithms.
My experience is that Sutton’s bitter lesson is the tip of an iceberg of bitterer lessons: beyond compute and algorithms, there’s data and even picking the right task to do ML on."
There’s a lot of doom & gloom around how AI is affecting higher education.
To a certain extent, I get it. AI is making some things harder.
But I’ve found that AI has in some ways greatly enhanced my teaching.
For one, it’s opened up applied activities that weren’t possible before.
One example: 🧵
There’s a lot of doom & gloom around how AI is affecting higher education.
To a certain extent, I get it. AI is making some things harder.
But I’ve found that AI has in some ways greatly enhanced my teaching.
For one, it’s opened up applied activities that weren’t possible before.
One example: 🧵