Economist. Researching Institutions, Intellectual Property, Innovation, and Inequality. MPhil Student, on leave from @OxfordEconDept, MSc @LseEcHist (RT!=E)

Vermont/Oxford
Not quite 20k, but close enough: A short thread explaining the intuition behind my working paper on patent disclosure norms and why inventors in eighteenth-century Britain came to disclose detailed descriptions of their inventions under conditions of selective patent enforcement.
At 20,000 followers I will reveal a model that explains innovator incentives under incomplete intellectual property rights and demonstrate how legal-institutional arrangements may have contributed to the Industrial Revolution
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Macro professors everywhere are struggling with the reality that most students do not in fact โ€œremember 2008โ€
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Iโ€™m a bit surprised by the number of seemingly sensible people that fell for the โ€˜change my mindโ€™ pretense of campus political debates and imagine these events as some kind of good-faith forum for engaging with different political views
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>there should be fewer countries >map still includes Belgium
The world does not need more countries, it needs less
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So... the entry-level job market is BAD bad
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Getting banned from the family Catan game for trying to write resource futures contracts into the house rules
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>Major political figure accused of plagiarism in their thesis >Look at examples of plagiarism >Common technical phrases and definitions Is it bad faith or just a complete lack of familiarity with economic research?
EXCLUSIVE: Mark Carney faces plagiarism accusations for 1995 Oxford doctoral thesis nationalpost.com/news/mark-cโ€ฆ
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โ€œSorry I canโ€™t make it Iโ€™ve already got plansโ€ The โ€œplansโ€ in question:
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Recently discovered evidence that I am planning to do an industrial revolution:
Oh...oh dear. The NYPD has found...the @OUPAcademic Oxford Very Short Introduction series. I wonder if he thinks the Antisemitism is also a how-to book.
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my latest investigation for @ConsumerReports is based on months of reporting and 60+ lab tests of leading protein supplements we found that most protein powders and shakes have more lead in one serving than our experts say is safe to have in a day โ€” some by more than 10 times !
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Man itโ€™s so cool living in Central London Wanna go to The City? 40 minutes Wanna go to the pub? 40 minutes Wanna go to the airport? 40 minutes Wanna visit a friend in zone 1? 40 minutes Wanna visit a friend in zone 4? 40 minutes Wanna go to the countryside? 40 minutes
Man itโ€™s so cool living in New Jersey Wanna go to NYC? One hour Wanna go to Philadelphia? One hour Wanna go to the beach? One hour Wanna go skiing in the mountains? One hour Wanna go ride roller coasters? One hour Wanna go see a show or concert? One hour I love it here man
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They call me 007 0 publications 0 funding 7 more years to finish my PhD
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I was eight when Lehman Brothers went under, so letโ€™s assume my memory is a little hazy
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Writing a mixed method paper like
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Replying to @AngusMacnamara
Nobody hosts these kinds of campus 'debate' events in good faith; theyโ€™re designed to manufacture outrage and attract attention. It's just about making provocative comments to stir controversy and get publicity, then clip farming the dumb 18-year-olds that come to argue for internet clout and fundraising. It's a truly impoverished state of political disagreement if this sort of spectacle passes for discourse.
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He steered us out of a depression is what he did! He was a practical central banker. And in this house Jerome Powell is a hero- end of story.
Isnโ€™t it weird that no one wants Jerome Powell but he wonโ€™t leave? Weird.
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Any president can crash the economy in the short run but it takes a real visionary to hopelessly depress the economic outlook for decades
The first long-term thinking President of my lifetime
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You mean to tell me that the emerging techno-libertarian and national-corporatist coalition is breaking down over something as minor as their fundamentally irreconcilable political interests?
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Not my wallet being returned with a side-quest
As if things couldnโ€™t get any worse, my wallet has almost certainly been stolen and now it is raining
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Fair enough
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It took me a minute to realize this was about clothes and not econometrics
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Good opportunity to repost this classic clip of Ha-Joon Chang talking about the subfields of economics
Physics is where bad mathematicians hide; bad physicists go into economics; bad economists become economic historians.
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In another embarrassing gaffe, Biden has confused Acemoglu, Johnson, and Robinson (2001) with Acemoglu, Johnson, and Robinson (2002)
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Economists asking economic historians about their research
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Doing economic history
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When someone describes a countryโ€™s development as an economic โ€œmiracleโ€
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Replying to @MatthewGNagler
Yes, France and the Netherlands
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In case anyone was worried about the Popeโ€™s position on the use of Bayesian inference in theistic probability
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The Nobel Committee be like:
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Another day of hard work at the chart factory
Honestly quite accurate
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Me developing a theory: Haha fuck yeah!!! Yes!! Me having to prove that theory empirically: Well this fucking sucks. What the fuck.
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Incredible
LINA KHAN | Season Two Episode 21 | The Adam Friedland Show -- Out Now For Members On YouTube. Out For Everyone Else Tomorrow @ 6PM EST Subscribe to THE FRIEDLAND FAMILY FOUNDATION: piped.video/@TheAdamFriedlanโ€ฆ -- @Linamkhan @adamfriedland #TAFS #adamfriedlandshow #Linakhan
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I mean come on guys, what are we even doing here?
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They should invent a kind of economics for people who are bad at math
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Some of you need to give this a quick read before you tweet about public policy
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Thinking about that one school that rejected me from their PhD program, asked if I wanted to be considered for their master's program and then also rejected me from their master's program
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You know data science isnโ€™t even my job And it is NOT econometrics which is a common misconception Actually my job โ€ฆ is just โ€ฆ R
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After a brutal application cycle I am disappointed to say I was rejected from every PhD program I applied to, BUT the silver lining is that I will be accepting my offer from Oxford University to begin an MPhil in Economics this fall!
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My controversial "first econ reads" are the three books that sparked my interest in economics in the first place. - Acemoglu & Robinson, Why Nations Fail (2012) - Studwell, How Asia Works (2013) - Chang, Bad Samaritans (2007)
Can we like not recommend Smith as a first econ read
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Nvidiaโ€™s Jensen Huang says China โ€˜will winโ€™ AI race with US on.ft.com/4ojd9TM
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Econometrics is kinda hard when youโ€™re not good at math
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My fatal flaw: my inability to understand math basically makes any complex study of economics impossible for me
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US economic indicators not looking good, if the trend continues we could be looking at 1.1% real GDP growth and 3.8% CPI, a stagflationary nightmare best described as the โ€œ2025 UK forecastโ€
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No greater intradisciplinary divide than economics (liberal arts) and economics (business school)
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The thing to remember about the Greater Boston Area is that it is effectively the largest and wealthiest college town in the US. A deep-blue high-education low-crime city where growth doesn't matter because it's only rivals in terms of income are the Bay Area and NYC suburbs
Serious question: Why is Michelle Wu so popular? Boston has a ton of the problems that normally make a big-city mayor unpopular โ€” unaffordability, a lack of meaningful industry growth, stagnation of housing development. She never seems to get blamed for any of it though.
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Economists will look you dead in the face and call this science
Economists will look you dead in the face and call this science
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How it started, how it went, how itโ€™s going
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Bonding with other international students complaining about UK immigration policy
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Guys really live in apartments like this and donโ€™t see any issue
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Replying to @beetsofgalaxy
I would not consider these examples of plagiarism because economists write for clarity and use common terms and phrases with precise meanings to convey complex ideas. There really isn't much room for creative writing in technical economic research
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Itโ€™s time to get to the bottom of this whole โ€œinstitutionsโ€ thing
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Replying to @AngusMacnamara
I'm not that far out of undergrad, and in my capacity as president of the political science society at a fairly large university, I dealt with moderating actual debates and collaborating with political clubs and organisations on campus like College Dems, Reps, DSA, TPUSA, YAF, etc. Having attended and co-hosted many substantive events across the political spectrum, yes, I can say these kinds of debates and this brand of guest speaker in particular are pure spectacle and cheap point-scoring. Anyone with experience in this ecosystem will tell you the same.
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there's probably a pdf out there that would change your whole life
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Terrible day for economists that misinterpreted the moniker โ€œChicago Popeโ€
"Pseudo-scientific data are invoked to support the claim that a free market economy will automatically solve the problem of poverty." --Pope Leo XIV, Dilexi Te. Direct rebuke to those, like the Acton Institute, who boost free-market fundamentalism as compatible with the Faith.
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Political economy is so cool, I wish institutions were real
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Well, it could be worse. Itโ€™s not like weโ€™re replacing the Fed chair with some random guy or anything
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Not good enough at writing to be a historian Not good enough at math to be an economist Just good enough at both to be annoying about institutions online
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Economists when you ask them about the policy implications of their research
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Some reading for today:
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Living in London for a year I never really experienced much of a culture shock and kind of assumed that life in the US and UK is generally pretty similar. After about a month living in Oxford I now know this is absolutely not the case
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1 book to master 1000 skills:
50 Books To Master 10 Skills:
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This is literally the best book list that rewires your brain for success
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I GOT IN!!!!!
Waiting to hear back from the only grad program I applied to
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MBA girlfriend introduces me to her colleagues as โ€œmy quantโ€ (they are all even worse at math than I am)
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Todayโ€™s reading:
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On this momentous day for institutions, I want to take some time to discuss two important questions; what is an "institution"? and what does it mean to say "institutions are significant and endogenous"?
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I canโ€™t believe they published an Oxford handbook about the consequences of buying a full price Oxford handbook
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Maybe the real institutions were the friends we made along the way
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Doing economics should be an almost philosophical pursuit to interpret meaning and structure, or at least thatโ€™s what I tell myself since I spend most of my time cleaning and merging datasets
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Doing economics has made me actively worse at debating because it turns out most people donโ€™t find โ€œactually itโ€™s complicatedโ€ to be an especially compelling argument
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Just one day left until exams
Three days until exams, rapidly approaching the final stretch
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Up next on the reading list
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Finally found the guy thatโ€™s been taking all my money
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"I have found out what economics is; it is the science of confusing stocks with flows.โ€ -Michal Kalecki
Nvidia is now 16% of U.S. GDP.
Community note
NVIDIA's revenue of $165 B in an economy of $30 T would make it about 0.6% of GDP. macrotrends.net/stocks/charts/โ€ฆ datatopics.worldbank.org/world-developmโ€ฆ calculator.ne
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