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← The rich world is spending its scarcest resource, elite talent, on…
17 connected korrents · 15 moments from 25 Jul 2022 to 27 Sept 2026.
Everything filed under market efficiency
market efficiency
Everything filed under hiring
hiring
Everything filed under infrastructure
infrastructure
Everything filed under energy
energy
Everything filed under ambition
ambition
Everything filed under AI and jobs
AI and jobs
Everything filed under war
war
Everything filed under government
government Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: The rich world is spending its scarcest resource, elite talent, on economising the most abundant resource on earth: ordinary labour. The rich world is spending its scarcest resource, elite talent, on economising the most abundant resource on earth: ordinary labour. Last stated 4 years ago
2 Mar 2023
LP
Lant Pritchett — holds since 2023-03-02 — tap for who they are
Same subject: Labour-saving innovation in rich countries is aimed at the only asset most of the world’s poor have to sell. — tap to centre the map on it Labour-saving innovation in rich countries is aimed at the only asset most of the world’s poor have to sell. Last stated 4 years ago
2 Mar 2023
LP
Lant Pritchett — holds since 2023-03-02 — tap for who they are
Same subject: The world economy is flat for capital, goods and ideas, and has a legal cliff at the border for people. — tap to centre the map on it The world economy is flat for capital, goods and ideas, and has a legal cliff at the border for people. Last stated 4 years ago
2 Mar 2023
LP
Lant Pritchett — holds since 2023-03-02 — tap for who they are
Same subject: The English-speaking world builds infrastructure expensively because it is behind, not because it is rich. — tap to centre the map on it The English-speaking world builds infrastructure expensively because it is behind, not because it is rich. Last stated 2 years ago
22 Jun 2024
AL
Alon Levy — holds since 2024-06-22 — tap for who they are
Same subject: An economy running on muscle power has a hard and low ceiling on total production, because its only real input is land and the returns to more of it fall away fast. — tap to centre the map on it An economy running on muscle power has a hard and low ceiling on total production, because its only real input is land and the returns to more of it fall away fast. Last stated 4 years ago
26 Aug 2022
BD
Bret Devereaux — holds since 2022-08-26 — tap for who they are
Same subject: The biggest gap in economics right now is that almost nobody is thinking about what AI does to middle-income developing countries. — tap to centre the map on it The biggest gap in economics right now is that almost nobody is thinking about what AI does to middle-income developing countries. Last stated 5 months ago
4 Jun 2026
AI
Alex Imas — holds since 2026-06-04 — tap for who they are
Same subject: The scarce resource is about to stop being intelligence or agency and become vision and ambition. — tap to centre the map on it The scarce resource is about to stop being intelligence or agency and become vision and ambition. Last stated 3 months ago
29 Jul 2026
AW
Alexandr Wang — holds since 2026-07-29 — tap for who they are
Same subject: The labour market is in a resettlement of talent and of how work gets done. — tap to centre the map on it The labour market is in a resettlement of talent and of how work gets done. Last stated 2 months ago
9 Aug 2026
AW
Adam Ward — holds since 2026-08-09 — tap for who they are
Same subject: Mass production is no longer what limits a rich country's military power; trained people and a technological edge are. — tap to centre the map on it Mass production is no longer what limits a rich country's military power; trained people and a technological edge are. Last stated 8 months ago
12 Feb 2026
AV
Austin Vernon — holds since 2026-02-12 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated 4 weeks ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
Same subject: A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. — tap to centre the map on it A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. Last stated a year ago
2 Sept 2025
BE
Benedict Evans — holds since 2025-09-02 — tap for who they are
Same subject: Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. — tap to centre the map on it Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. — tap to centre the map on it Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Last stated 8 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Draconian price controls are among the most ruinous economic policies a government can impose. — tap to centre the map on it Draconian price controls are among the most ruinous economic policies a government can impose. Last stated a month ago
18 Sept 2026
SS
Scott Sumner — holds since 2026-09-18 — tap for who they are
Same subject: Samuelson's random-walk analogy for stock prices was mathematical showing-off dressed up as a claim about the real world. — tap to centre the map on it Samuelson's random-walk analogy for stock prices was mathematical showing-off dressed up as a claim about the real world. Last stated 3 years ago
30 May 2023
AG
Andrew Gelman — holds since 2023-05-27 — tap for who they are
AG
Andrew Gelman — no longer holds since 2023-05-30 — tap for who they are
Same subject: Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies. — tap to centre the map on it Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies. Last stated 4 weeks ago
27 Sept 2026
PK
Paul Krugman — holds since 2026-09-27 — tap for who they are
Same subject: Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction. — tap to centre the map on it Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — tap for who they are
At the centre
The rich world is spending its scarcest resource, elite talent, on economising the most abundant resource on earth: ordinary labour.
Holds Read this korrent →
Labour-saving innovation in rich countries is aimed at the only asset most of the world’s poor have to sell.
Holds
The world economy is flat for capital, goods and ideas, and has a legal cliff at the border for people.
Holds
The English-speaking world builds infrastructure expensively because it is behind, not because it is rich.
Holds
An economy running on muscle power has a hard and low ceiling on total production, because its only real input is land and the returns to more of it fall away fast.
Holds
The biggest gap in economics right now is that almost nobody is thinking about what AI does to middle-income developing countries.
Holds
The scarce resource is about to stop being intelligence or agency and become vision and ambition.
Holds
The labour market is in a resettlement of talent and of how work gets done.
Holds
Mass production is no longer what limits a rich country's military power; trained people and a technological edge are.
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds
A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.
Holds
Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation.
Holds
Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
Holds
Draconian price controls are among the most ruinous economic policies a government can impose.
Holds
Samuelson's random-walk analogy for stock prices was mathematical showing-off dressed up as a claim about the real world.
No longer holds
Stock prices are an unreliable indicator of the economy because they often reflect fads and fantasies.
Holds
Stocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction.
Holds