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Economics from the Top Down

Economics from the Top Down
New ideas in economics and the social sciences
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Bad ScienceBad StatisticsBillion Dollar DisastersClimate ChangeClimate EconomicsEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO According to a simple linear trend, losses per disaster are down by about 80% since 1980, as a proportion of GDP. — Roger Pielke Jr. In the world of scientific disinformation, Roger Pielke Jr. is a well known player.

Alberta Oil ProductionEnergyExtraction PulseFossil FuelsLotka-Volterra ModelEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO All models are wrong; the practical question is how wrong do they have to be to not be useful. — George Box In science, there’s an inherent trade off between comprehensibility and realism. Realistic models tend to be intricate … even convoluted. But to be comprehensible, a model must be simple.

BritainCapitalismCommunismEmpireEnergyEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO What had come to an end was not history itself, but an empire, whose time had run out. — Karl Schlögel in The Soviet Century In my last post, ‘The Half Life of Empire’, I charted the rise and fall of the British and US empires, as measured by their share of world energy use.

British EmpireChinaDeclineEmpireEmpire Half LifeEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO Men make their own history, but they do not make it as they please. — Karl Marx, 1852 A good way to think about human history is that it has two distinct scales. On the small scale we have the churn of daily events — the stuff of endless individual exploits.

Corpus LinguisticsDonald TrumpEnlightenmentFascismFascist JargonEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO To see what is in front of one’s nose needs a constant struggle. — George Orwell For decades, the word ‘fascist’ existed solely as a hyperbole — a term meant to insult rather than describe. But lately, politics have grown so hyperbolic that the label looks increasingly sincere.

House PricesHousing CrisisIncome CollapseIncome DistributionIncome InequalityEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO The U.S. has a shortage of 7.3 million rental homes affordable and available to renters with extremely low incomes. — National Low Income Housing Coalition If mainstream economics teaches us one lesson, it’s that when something becomes unaffordable, it’s because of a shortage. And that brings me to the US housing crisis.

American DreamAssetsCommoditiesConsumer Price IndexEnergyEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. — John Maynard Keynes, 1936 When it comes to rising house prices, nearly everyone has a theory about the cause.

Backfire EffectBiological SprawlBitcoinCoal QuestionComputersEconomics and Business
Published
Author Blair Fix

Your browser does not support the audio tag. Download: PDF | EPUB | MP3 | WATCH VIDEO [R]esource productivity can — and should — grow fourfold. … Thus we can live twice as well — yet use half as much. — Factor Four , 1997 When it comes to our sustainability problems, striving for greater resource efficiency seems like an obvious solution.

Academic WritingAudioCory DoctorowLiterature ReviewsMemex MethodEconomics and Business
Published
Author Blair Fix

My how time flies. As of April 11th, 2024, I’ve been blogging for five years. To celebrate, I thought I’d engage in some obligatory navel gazing. Why blog? I started this blog on a whim. In the spring of 2019, I was one year post PhD and busy publishing pieces of my dissertation. It was about as much fun as licking sandpaper. The problem, I now realize, is that I hate academic writing.

BitcoinCryptoCryptocurrencyEnergy IntensityEthereumEconomics and Business
Published
Author Blair Fix

Download: PDF | EPUB When it comes to Bitcoin, there’s one thing that almost everyone agrees on: the network sucks up a tremendous amount of energy. But from there, disagreement is the rule. For critics, Bitcoin’s thirst for energy is self-evidently bad — the equivalent of pouring gasoline in a hole and setting it on fire. But for Bitcoin advocates, the network’s energy gluttony is the necessary price of having a secure digital currency.