Supply and Demand (in that order): Deepseek gets F+ in Econ
LLMs have trouble with this pretty-basic economics question: Prompt: “ Is this factually accurate? Positively correlated price-quantity pair...| caseymulligan.blogspot.com
LLMs have trouble with this pretty-basic economics question: Prompt: “ Is this factually accurate? Positively correlated price-quantity pair...| caseymulligan.blogspot.com
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from ...| caseymulligan.blogspot.com
It's $20 per month. Here are the features I value and use:| Supply and Demand (in that order)
"Personal Increasing Returns" is a way to describe goods for which consumers can purchase access to a lower price. An important instance is human capital, where consumers reduce the leisure-opportunity cost of consumption by investing in skills. Another is consumer financial management, which Sala-i-Martin and I studied in this JPE paper about purchasing access to cheaper future consumption. The demand for illegal drugs can also be understood in this way. | Supply and Demand (in that order)
Between 1 and 2pm local time, young school children were stabbed in Parnell square by a single assailant. We were less than a mile away at John Mulligan's pub at the time; learned about the stabbing on the news during the afternoon.| Supply and Demand (in that order)
“Capitalism is the road to hell, to the destruction of the world. …it’s the freedom to oppress, to invade, to kill, to annihilate, and to exploit.” Hugo Chavez, 2009.| Supply and Demand (in that order)
The violence seemed like it would never end; bombings, shootings, and kidnappings became so commonplace that they were almost expected, a grim part of the daily news cycle.| Supply and Demand (in that order)
Spot is the dog featured in an eponymous short story by Jack London. Spot’s owners desperately want to be rid of the dog. They tried shooting him. There is an attempt to kill Spot with an axe. They tie up Spot and leave town. Spot is set lose on a river ice floe. Spot always finds his way back.| Supply and Demand (in that order)
In March 2023, I visited Ma'agan Michael Kibbutz and had a meeting with a former| Supply and Demand (in that order)
Marshall discusses his Laws of Derived Demand in his Principles of Economics. Specifically, in Chapter VI of Book V.| Supply and Demand (in that order)
Mr. John P. Coale was one of the plaintiffs’ lawyers that initiated the first tobacco settlement agreements, which included a historic and ingenious scheme for individual states to levy the economic equivalent of national (sic) excise taxes. The scheme has been a topic in my excise-tax lectures for as long as I have been teaching them. Let’s not forget that Mr. Coale entered the fray when tobacco companies were thought to be invincible in the litigation arena.| Supply and Demand (in that order)
We now have lots of measures of diversity in the academy, by which I mean heterogeneity in race, gender, geography, political attitudes, etc. At this weekend's Stanford Conference on Academic Freedom, much discussion focused on the chasm between the political composition of the academy and the general population. A debate ensued as to whether/how this is related to academic freedom and whether/how public policy should advance affirmative action for "deplorables" (we deplorables use that t...| Supply and Demand (in that order)
Please let me know how this so-called "Inflation Reduction Act" reduces inflation. Here's what's actually in it:| Supply and Demand (in that order)
U.S. Senators are proposing to put both retail and business-to-business price controls on insulin. The (intended?) result will that be that consumers will pay more, diabetes complications will get worse, and incumbent manufacturers will make more money.| Supply and Demand (in that order)
The taxation of business income is now increasing significantly, without any action from Congress. The increase can be understood as two forces acting through one simple formula.| Supply and Demand (in that order)
Treasury Secretary Yellen does not see any indicator of an imminent recession. | Supply and Demand (in that order)
15 USC 1022(a) requires| Supply and Demand (in that order)
Trump's CEA showed, based on credit transactions among manufacturers,| Supply and Demand (in that order)
The 2019 Economic Report of the President includes the most extensive economic analysis of Ukraine of any President going back at least to Truman. It discussed:| Supply and Demand (in that order)
The White House Council of Economic Advisers' Annual Report, a.k.a., Economic Report of the President, has not yet been transmitted to Congress as of today, the 89th day of 2022.| Supply and Demand (in that order)
During this terrible pandemic, a silver lining has been that many inconvenient tradeoffs no longer apply. A Yale study showed that paying people not to work does not, for the time being, prevent anyone from working. Perhaps also emptying the prisons can enhance public safety. We can have social justice and safety at the same time.| Supply and Demand (in that order)
Last night a third release of BBB was shown to the public. Both in pages and overall economics, it is in between the 1st and 2nd editions.| Supply and Demand (in that order)
Hidden Work Disincentives| Supply and Demand (in that order)
Because childcare is said to be a highlight of the “Build Back Better” bill, I read through the bill and made notes here as to childcare provisions and some of their economic incentives, aside from the obvious that new spending must someday be financed with taxes. You will be surprised at the disparity between what the bill incentivizes and what we're told it will do.| Supply and Demand (in that order)
Largely by stepping toward an| Supply and Demand (in that order)
