I write about cutting edge research in economics.
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nicholasdecker.substack.comLatest Issues
The Consequences of Caste in Village India
The lives of billions of people are dominated by the culture they were born into. Where you live, what you do, who you marry, and your obligations and duties are the product of rigid social norms and customs. These customs did not arise at...
If No One Builds It, Everyone Dies
I am concerned about the possibility of humanity going extinct due to artificial intelligence. There are a lot of ways this could happen – biological plagues, nuclear weapons, armies of drones, or perhaps new ways of killing which we do not...
Risk vs Credit Constraints
A note
Last week, I wrote an article on microfinance in the developing world. To summarize the article, donors were enthusiastic in the 1990s about enabling people to borrow in order to make productive investments, and take off at little c...
Daron Acemoglu is a Crypto-Marxist
I am not a Marxist. He was not a significant figure as an economist, and I think his political theories were far too pessimistic about the possibility of growth. His followers killed millions of people, impoverished hundreds of millions, an...
So You Want to Reduce Poverty in the Developing World
Why microfinance failed, and what we can do better
In the 1990s, the development world was seized by an enthusiasm for microfinance. It held tremendous theoretical promise. People in the developing world often do actions which we do not ex...
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