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Model Thinking

Duncan McClements

Ideas and Impact

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues31SubscribersRead model-thinking.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

A Pound of Flesh

When the UK government appraises public investments, it compares benefits to costs. What it does not do is account for the economic damage caused by raising the money. HM Treasury’s Green Book declines to consider the marginal cost of publi...

7 days ago
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5

Gilt by Association

UK pensions are governed by two very different regulatory regimes. The difference shows up in the returns. Assets held in Defined Benefit schemes have returned barely half what those in Defined Contribution schemes have since 2007 - £201 ve...

2 months ago
6
0

Capital flight

Over the past few decades, the population has increasingly concentrated in a small number of major cities. If AI raises the share of income going to capital, what happens to these urban powerhouses? While some have predicted that housing in...

5 months ago
2
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Come to Second Order!

Dates: 26th to 29th September 2025

6 months ago
6
0

Authors

The writers behind this newsletter.

  • Duncan McClements

    Duncan is an economics student at King's College Cambridge, and he writes at model-thinking.com .

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