Philosopher count
Philip Trammell, Dwarkesh PatelBlog of a wannabe quantitative sidekick to a philosopher king
| Platform |  | Pricing | Only free issues | Publishes | Infrequently |
|---|---|---|---|---|---|
| Issues | 4 | Founded | 8 months ago | Last Issue | 2 months ago |
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Is labor a luxury in the long run?
1. Introduction
In every canonical model of automation and growth, if automation is sufficiently advanced, the labor share falls toward zero. Acemoglu and Restrepo (2018) has this implication, for instance. So does Aghion et al. (2019)....
What (and how far off) is self-replicating capital?
Motivation
If you trace back a dollar spent on, say, a robot all the way down its supply chain, how much is paid in compensation for value added by capital?
When the answer is “100%”, we’ll have closed the loop. The machines will then...
Capital in the 22nd Century
1. Introduction
In his 2013 Capital in the Twenty-first Century, the socialist economist Thomas Piketty argued that, absent strong redistribution, economic inequality tends to increase indefinitely through the generations—at least until...
Utility Growth and the VSL
Introduction
This post is about a way to estimate utility growth using nominal interest rates and the value of statistical life (VSL).1
The idea is simple. Let u(c,t) be the function from nominal consumption per year (c) to flow utility...
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Authors
The writers behind this newsletter.
Economics postdoc at the Stanford Digital Economy Lab
Host of Dwarkesh Podcast
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