Essays about Europe, economics, innovation, and growth
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European stagnation is real
Paul Krugman wrote two posts this week arguing that Europe is broadly not falling behind the United States. He argues that the change measured by the Draghi report is mostly due to growth in the technology industry, which has distorted GDP...
The two Europes
(I coauthored this post with Olivier Kooi who is a postdoc at the LSE.)
While we have spent a decade complaining about Europe’s stagnation, a real positive convergence story has been unfolding at the eastern edge of the continent. Poland e...
The task is not the job
A few days ago, Dario Amodei, CEO of Anthropic, went on Fox News and said that AI will eliminate up to half of all entry-level white-collar jobs within one to five years. He named finance, consulting, law, and tech. He has told versions of...
What explains heterogeneity in AI adoption?
Between 1995 and 2025, output per hour rose 85 percent in the United States and 29 percent in the countries in the eurozone. Previous research has found that the differential impact of the information technology revolution is the likeliest...
The Smart Second Mover, Part II
This post is co-authored with Jesús Saa-Requejo1
The hundreds of billions that European governments spend on defense, health, education, and public administration barely touch AI. Directed well, this spending, which accounts for up...
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Authors
The writers behind this newsletter.
Editor at Works in Progress, a magazine of new and underrated ideas to improve the world.
Professor of Public Policy @LSE. PhD in Economics from UChicago. Ex-Member of the European Parliament, in charge of Economic Affairs for Renew Europe (2019-2022). Scholar Profile: https://scholar.google.com/citations?user=rjnKsr8AAAAJ&hl=en
I write about the mechanics of AI progress and the societal impacts of AI.
Professor of finance at the Stockholm School of Economics. Doing research on private equity, financing innovation, corporate governance, and climate policy. https://www.hhs.se/sv/houseoffinance/about/people/people-container/per-stromberg/
I am a Professor of economics and finance at the University of California, Berkeley, and Founding Director of the O'Donnell Center for Behavioral Economics. From 2021-2025 I served on the German Council of Economic Experts.
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