
The microeconomic perspective on daily events.
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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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I have had a busy 2026. In this Substack, I want to market some of my new papers.
Location, Location, Location?
In this paper, I offer a gentle critique of a major modeling effort in macroeconomics and urban economics. A group of research...
In late 2024, Stanford’s Chad Jones published an important paper.
Intuitively, Chad explores a key tradeoff. The more we use AI, the more economic Growth is unleashed but at the same time —- the risk of existential loss increases with the...
This has been a hot summer. We know that the poor are exposed to more heat and have fewer protection strategies to avoid the heat. My Los Angeles has opened public cooling centers and has arranged for transport to help people get to such ce...
The New York Times has published a piece about expected water shortage challenges states along the Colorado River will face in the future. The New York Times is worried about the future of Phoenix. In this Substack, I explain how Phoenix an...
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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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