
The microeconomic perspective on daily events.
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My paternal grandmother became a mother at age 19 and a grandmother at age 46. I was her first grandchild and we overlapped for 34 years.
My son’s paternal grandmother became a mother at age 25 and a grandmother at age 60. He was her first...
My USC undergraduates have often heard me lecture about flipping one sided coins. On my planet, investment is risky and sometimes you win and sometimes you lose. The prospect of losing $ on a bet sobers up the potential investor and this ug...
When I teach undergraduate environmental economics, I ask my students to solve (not using AI), the following problem.
You are an oil monopolist. You see to maximize the present discounted value of your profits this year + next year’s profi...
The CEO of Anthropic must be a fascinating dinner guest. At the same time that he prepares for a multi-trillion $ IPO for his firm, he is claiming that his firm’s product may end humanity. Other companies such as Starbucks and United Airlin...
The Wall Street Journal has published an intriguing piece about the rising demand by AI data centers for insurance.
In this Substack, I want to quickly cover a lot of ground.
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The writers behind this newsletter.
Provost Professor of Economics at the University of Southern California. Visiting Fellow at the Hoover Institution.
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